World Abrasives Market - China to Account for Over 1/3rd Total Global Demand in 2015

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23 Feb, 2012, 08:34 GMT

DALLAS, February 23, 2012 /PRNewswire/ --

ReportsnReports adds new market research report 'World Abrasives to 2015' to its store

Demand for abrasives worldwide is projected to grow 6.1% annually, reaching $44.7 billion in 2015. Product sales will be fueled by increasing consumer demand for goods such as automobiles, appliances and electronics, and supported by an acceleration in fixed investment expenditures. The largest gains will be seen in nations such as China, India and Thailand. China passed the US as the largest market for abrasives during the 2005-2010 period and is expected to account for over one third of total global demand in 2015.

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Metallic abrasives, loose grains and powders to be fastest growing segments

Demand for loose grains and powders is forecast to expand the quickest of any nonmetallic abrasive type, prompted by rapidly rising levels of integrated circuit manufacturing, especially photovoltaic cells. Metallic abrasives are used in primary metal production, as well as in several metal fabrication processes, and are expected to register the fastest gains of any product  segment going forward as developing nations continue to demand huge volumes of steel.    Coated abrasives, which are used in a variety of applications, including automotive, aerospace and machinery manufacturing, will see increases similar to those in the overall manufacturing market. Superabrasives, used most often in a bonded form, are quickly gaining favor with  manufacturers because of their long life and high performance.

Transportation equipment market to lead gains

Abrasives consumed in durable goods manufacturing accounted for more than 70 percent of total demand in 2010. The transportation equipment market will post the strongest gains through 2015, due to a pickup in motor vehicle output and strong growth in global aerospace  manufacturing. Electrical equipment and electronics manufacturing markets are likewise forecast to rise at an above-average rate.

Saint-Gobain (France) and 3M (US) were the two largest producers of abrasive products in 2010. The abrasives market as a whole is highly fragmented, with small and mid-sized producers that focus on specific applications, customers and products, accounting for much of the industry output.

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Major Points Covered in Table of Contents of this report:

  • Introduction
  • Executive summary
  • Market environment
  • Supply & demand
  • North America
  • Western Europe
  • Asia/pacific
  • Other Regions
  • Industry Structure
  • List of Tables & Charts

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