According to Trends Market Research, the global rubber bonded abrasives market is accounted for $1.13 billion in 2017 and is expected to reach $1.59 billion by 2026, growing at a CAGR of 3.9 percent during the forecast period. Growing application in the transportation and electrical and electronics industries is one of the major factors boosting the market growth. However, the shifting base of pollution causing producers may hamper the market growth.
Bonded abrasives are natural abrasives which are fused to form a solid in the shape of a wheel. Bonded abrasives are an amalgamation of bonding materials, fillers and abrasive grains. Rubber bonded abrasives find their largest application in heavy industries. Rubber bonded abrasives are available in two types: natural and synthetic. They can be used via two different technologies: grinding and polishing wheels.
Based on product, the antidegradants segment is expected to grow at a significant rate during the forecast period. An antidegradant, inhibitor is an ingredient in rubber compounds to deter the aging of rubber products. Antidegradants include antioxidants and antiozonants. By geography, the Asia Pacific market is anticipated to exhibit the considerable growth attributed to the rising steel, metal, medical, transportation and electrical and electronics industries in this region.
Some of the key players in the global rubber bonded abrasives market are 3M Company, Abrasivos Manhattan SA, Artifex DR Lohmann GmbH & Co Kg., Atto Abrasives Ltd., Buehler Buffalo Abrasives, Inc., Cratex Manufacturing Co., Lowton Abrasive Ltd., Marrose Abrasives., Pacer Industries, Inc., Pferd Inc., Saint Gobain., Schwarzhaupt GmbH & Co. Kg, Tyrolit Group and Y. Ikemura & Co. Ltd.