Rubber Bonded Abrasive Market 2024 | Saint Gobain, Abrasivos Manhattan, PFERD, Schwarzhaupt, and Tyrolit Group
Date: 2019-01-04   Author: Rahul Varpe  Category: #industry

Rubber Bonded Abrasive Market 2024 | Saint Gobain, Abrasivos Manhattan, PFERD, Schwarzhaupt, and Tyrolit Group

Rubber bonded abrasive market from medical devices may register significant gains over the forecast timeframe. Global medical devices market was valued at over USD 310 billion in 2015. Increase in utilization of medical equipment and other applications such as medical scissors, artificial joints surface polishing, and polishing medical tweezers thereby stimulating industry growth.

Rubber bonded abrasive market size from heavy industries should generate favorable growth. U.S. heavy engineering construction market size was USD 31 billion in 2015, register close to 6%. Heavy industries comprise of mechanical, electrical and construction sector such as shipbuilding, industrial robotics, heavy machinery, heavy construction equipment, railways, and heavy electrical machineries. In harsh environment, heavy industry applications affect finished metal product cost efficiency and quality. Materials such as steel bars, coiled steels, pipes, and iron casting requires durability thereby reducing grinding time and overhead & labor charges.

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Global electrical equipment market may witness gains up to 9% by 2024. Implementation of smart technologies may drive electrical equipment market and influence rubber bonded abrasive market size. Shift in trend from centralized power generation to decentralized distributed power generation may favor product demand. Most of the electrical equipment and components industries are engaged in manufacturing small scale electrical products including generators, motors, storage batteries, and electric cooling and heating systems. 

Aluminum oxide, silicon carbide and zirconia alumina are key raw materials used for rubber bonded abrasive process. Fluctuating raw material costs may hinder industry profitability and affect rubber bonded abrasive market price trend.

Rubber bonded abrasive market from medical devices may register significant gains over the forecast timeframe. Global medical devices market was valued at over USD 310 billion in 2015. Increase in utilization of medical equipment and other applications such as medical scissors, artificial joints surface polishing, and polishing medical tweezers thereby stimulating industry growth.

Rubber bonded abrasive market size from heavy industries should generate favorable growth. U.S. heavy engineering construction market size was USD 31 billion in 2015, register close to 6%. Heavy industries comprise of mechanical, electrical and construction sector such as shipbuilding, industrial robotics, heavy machinery, heavy construction equipment, railways, and heavy electrical machineries. In harsh environment, heavy industry applications affect finished metal product cost efficiency and quality. Materials such as steel bars, coiled steels, pipes, and iron casting requires durability thereby reducing grinding time and overhead & labor charges.

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Global electrical equipment market may witness gains up to 9% by 2024. Implementation of smart technologies may drive electrical equipment market and influence rubber bonded abrasive market size. Shift in trend from centralized power generation to decentralized distributed power generation may favor product demand. Most of the electrical equipment and components industries are engaged in manufacturing small scale electrical products including generators, motors, storage batteries, and electric cooling and heating systems. 

Aluminum oxide, silicon carbide and zirconia alumina are key raw materials used for rubber bonded abrasive process. Fluctuating raw material costs may hinder industry profitability and affect rubber bonded abrasive market price trend.

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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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.



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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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