Rubber Bonded Abrasive industry trend and market report from 2017 to 2024.

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Rubber Bonded Abrasive Market Size, Share,
Industry Outlook Forecast 2017-2024
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Global Market Scenario of Rubber Bonded Abrasive
Industry

• Rubber Bonded Abrasive Market size may witness
  significant gains over the forecast timeframe.
  Strong application scope in transportation and
  electrical electronics industry should drive
  product demand. Low heat transfer, hardness,
  toughness, uniformity, extensive usage range,
  long life, economical advantage are key
  properties of this product over other
  counterparts.
• Rubber bonded abrasive wheel is preferably
  applied in polishing and de-burring high carbon
  steel, precision grinding, and high temperature
  alloys mainly titanium, hastelloy, and Inconel
  which are used in automotive and aerospace
  industries.

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Continue

• Rubber bonded abrasive market is gaining
  importance in automobile industry on account of
  required surface finish and design to vehicles.
• Additionally, they find usage in medical sector
  as they are used to sharpen dental tools, which
  smoothen the edges.
• Global industrial rubber market size generated
  over USD 90 billion in 2015 and may surpass USD
  165 billion by 2024, with gains at over 7.
• Positive application outlook in construction,
  automotive, and manufacturing industries should
  drive industry growth.
• Rise in motor vehicles production has led to
  increase in various industrial products such as
  hoses, belts, and gaskets.

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Research Methodology
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Regional Insights

• Europe, driven by UK, France, Italy, and Germany
  rubber bonded abrasive market share, may account
  for significant gains by 2024. Most of the
  companies produces and provide products which are
  used in engineering, medical, and aerospace
  industries.
• Asia Pacific natural rubber production was over
  11 million tons in 2015. Increasing steel, metal,
  medical, transportation and electrical
  electronics industry should contribute towards
  regional market growth.
• North America, led by the U.S. rubber bonded
  abrasive market may witness significant gains by
  2024.

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Competitive Insights

• Companies are focused on enhancing their product
  portfolio to edge over other competitors and gain
  market share. Saint Gobain has developed high
  performance centerless grinding wheel, Norton
  Century 45, which is designed to improve product
  cost-competitiveness for large and small
  operations. It uses silicon carbide and aluminum
  oxide blends.
• Global rubber bonded abrasive market share is
  fragmented. Key market players include Saint
  Gobain, Abrasivos Manhattan, PFERD, Schwarzhaupt,
  and Tyrolit Group. Other industrial participants
  include 3M Company, Pacer Industries, Buehler,
  and Crartex.

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