Growth in the world abrasives market will total 4.4% annually through 2020 in value terms. Advances will be driven by heightened manufacturing activity in India, China, and other industrializing countries of the Asia/Pacific region. In addition, gains will be aided by increased demand for environmentally friendly offerings, such as recycled iron and steel grit.
This report segments the world abrasives industry by Product, Market, and Region. Data is provided in million US dollars.
Abrasive products include:
- Loose Grains & Powders
Nonmetallic abrasives will remain the largest of these through 2020. Fastest growth will be for metallic abrasives, driven by increases in metalworking activity and durable goods output.
Major abrasives markets include:
• Transportation Equipment
• Fabricated Metals
• Electrical & Electronic Equipment
• Other Durable Goods
• Cleaning & Maintenance
Machinery was the leading outlet in 2015. Fastest growth will be for electrical and electronic equipment, driven by rising demand in industrializing nations for consumer electronics, which require abrasives in their manufacture.
World regions and countries covered in the study include:
• North America
• Western Europe
• Central & South America
• Eastern Europe
The Asia/Pacific region will see the strongest advances among world regions through 2020. Gains will be fueled by rapid growth in China’s motor vehicle market and electrical and electronic product sector.
The world abrasives industry comprises thousands of producers, ranging from small, privately held firms to multinational corporations. Among the leading producers are Asahi Diamond, Cabot Microelectronics, Carborundum Universal, Fujimi, Hermes Schleifmittel, HuBei Yuli Abrasive Belt, Jason Industries, Klingspor, KWH Group, Luga Abrasive Plant, Noritake, Robert Bosch, Saint-Gobain, 3M, TYROLIT Schleifmittelwerke, and Winoa Group.