Rubber Bonded Abrasives Market to offer a healthy CAGR of 4.2% during 2020-25
February 17, 2020
Rubber Bonded Abrasives Market Overview:
Rubber bonded abrasives market is likely to witness a modest CAGR of 4.2% during the forecast period. Rubber bonded abrasive is employed in heavy industries application for explicit requirements that vary from primary processing of metal to engineering of completed products. Rubber bonded abrasives are adopted in foundries where static points are applied and for overall accuracy in cutting and grinding of the enormously tiny particulars of apparatuses as they are extremely supple. Further, the steel manufacturing sector has extensive application of rubber bonded abrasives, largely for the determination of eliminating scale or imperfections from the exterior of slabs. Consequently, the rising heavy industries application drives the growth of the global rubber bonded abrasives market.
Report Overview:
This new report from Stratview Research analyses the Rubber Bonded Abrasives Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Rubber Bonded Abrasives Market Segment Insights:
Application Type: heavy industries, transportation components and others
Based on the application type, the market is segmented as heavy industries, transportation components, electrical & electronic equipment, medical equipment, and others. The heavy industries segment is considered to be the largest application segment. The growth is attributed to the fact that these abrasives are healthier for usage and offer suppleness throughout processes when equated to further bonded abrasives. Further, mounting steel engineering and foundries across the globe is driving the market.
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https://www.stratviewresearch.com/toc/589/rubber-bonded-abrasives-market.html
A highly/moderately/fragment consolidated Market
Some of the major players in the rubber bonded abrasives market are The 3M Company, Tyrolit Group, Pferd Inc., Y. Ikemura & Co. Ltd., Abrasivos Manhattan SA, Pacer Industries, Inc., Buffalo Abrasives, Inc., Schwarzhaupt GmbH & Co. Kg, Cratex Manufacturing Co., Atto Abrasives Ltd., and Lowton Abrasive Ltd.
Region: Asia-Pacific is estimated to burgeon at the highest growth
In terms of regions, Asia-Pacific is estimated to burgeon at the highest growth in the rubber bonded abrasives market in the coming five years. Fast industrial development and upward applications, such as heavy industries, electrical & electronic equipment, and transportation equipment have ushered the rise in demand for rubber bonded abrasives in this region. China and India are the growth engines of the region. Majority of the manufacturing giants are directing on the evolving markets in region and augmenting their presence by establishing manufacturing conveniences, delivery centers, and R&D centers in this region, which in turn is driving the global market during the forecast period. North America and Europe are also expected to offer considerable growth opportunities in the coming five years.
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