Growth in the US abrasives market will total 3.8% annually through 2019 in value terms. Gains will be fueled by increases in durable goods manufacturing, construction spending, and personal consumption expenditures. In addition, increased requirements for precise finishing in machinery production will boost demand for higher-value abrasives, including super abrasives.
This report segments the abrasives industry by Product and Market. Data is provided in million US dollars.
Abrasive products include
3. Loose Grains & Powders
Coated and bonded abrasives will remain the largest and fastest growing of these through 2019. Gains will be bolstered by rising demand for more expensive advanced abrasives, including those incorporating industrial diamond and other super abrasives.
Major markets include:
• Durable Goods (Machinery, Motor Vehicles, Fabricated Metals, Electrical & Electronics, Aerospace)
• Cleaning & Maintenance
Durable goods will continue to be largest and fastest growing outlet through 2019, aided by ongoing requirements for abrasives to smooth, grind, and polish a broad range of durable goods, including engines, turbines, and construction equipment.
The US abrasives industry includes about 300 companies, ranging from small, privately held firms to multinational corporations. Leading companies include Almatis, Cabot Microelectronics, Dow Chemical, Ervin Industries, Global Material Technologies, Hermes Schleifmittel, Jason Industries, Klingspor, Saint-Gobain, Sandvik, 3M, TYROLIT, Schleifmittelwerke, and United Abrasives.