Market Size of Rubber Bonded Abrasive Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Rubber Bonded Abrasive Market Analysis
The global market for rubber bonded abrasive is expected to grow at a CAGR of over 3% during the forecast period. The major factor driving the market studied is the growing demand from metal and steel industries over the forecast period. On the flip side, environmental constraints due to the production of rubber bonded abrasives and unfavorable conditions arising due to the COVID-19 outbreak are expected to hinder the growth of the market.
The industrial machinery segment is expected to dominate the market studied over the forecast period.
Asia-Pacific region dominated the rubber bonded abrasives market and is also forecasted to be the fastest-growing market during the forecast period owing to the increasing consumption for countries such as China and India.
