Rubber Bonded Abrasives Market to Witness an Outstanding Growth during 2019-2030

In 2019, Global Rubber Bonded Abrasives Market valued US$ 1,318.54 Million. The Market is estimated to Witness CAGR of 3.76% from 2019 to 2030

As per Market Industry Reports (MIR) research findings, standardized rubber bonded abrasives solutions set to open new avenues for stakeholders.

Growth opportunities in the global rubber bonded abrasives market look promising for the coming eight to ten years. The growing use of rubber bonded abrasives in heavy industries and their increasing demand in the automotive industry are some of the critical factors driving the growth of rubber bonded abrasives globally.

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“Companies are striving to maintain their rubber bonded abrasives portfolio to serve end-use industries wherein it is used. Rubber bonded abrasives are preferred by various end-use industries due to the advantages that they provide over other bonded abrasives. These advantages include resins or vitreous not affecting the quality of the metals and the flexibility that they offer for a broad spectrum of applications,” said Anustop, Senior Analyst, Chemicals & Materials at MIR.

From a regional perspective, Asia-Pacific claims the largest market share & is also expected to witness the highest CAGR in the coming years due to a steady increase in the manufacture of durable goods such as machinery, transportation equipment, and electrical & electronic equipment. China commands a lion share in Asia Pacific market, due to various factors such as the extensive presence of rubber bonded abrasives manufacturers, rapid industrialization, and the availability of resources at cheap rates, among others.

For deep-rooted insights on this topic, please visit https://www.marketindustryreports.com/rubber-bonded-abrasives-market/136

The global rubber bonded abrasives market is highly structured and is largely governed by prominent players such as Saint Gobain, Tyrolit Group, PFERD INC. (August Rüggeberg GmbH & Co. KG), CUMI (Murugappa Group), ABRASIVOS MANHATTAN, S.A., Pacer Industries, Inc., atto Abrasives Limited, Schwarzhaupt GmbH & Co. Kg, Marrose Abrasives, and Cratex, among others.