China passed the US to become the largest national market, and will account for over half of
global demand due to increasing per capita incomes and greater fixed investment activity.
Demand to approach $45
billion globally in 2015
Global demand for abrasives is projected
to grow 6.3 percent annually to $44.8
billion in 2015. Advances will be driven
by ongoing industrialization activity in
developing areas, increasing per capita
incomes and consumer spending, rising
durables manufacturing output and
greater fixed investment activity, especially
in the Asia/Pacific region. Such
increases in construction and manufacturing
activity and per capita incomes will
also boost demand for abrasivescontaining
cleaning and maintenance
products in the developing world.
China to account for over
half of demand in 2015
Although sales gains in North America
and Western Europe will not be as
strong as those in developing regions,
growth will be much improved over the
2005-2010 period as durable goods
manufacturing in these areas rebounds.
In Western Europe, abrasives demand is
expected to increase 2.4 percent per
year through 2015, while North America
is projected to fare even better, with
sales gains averaging 5.0 percent per
year. North American motor vehicle
output (a major end market for abrasives)
will rebound from a substantial
decline during the 2000-2010 period to
post strong gains going forward. However,
competition from lower-cost foreign
producers will put pressure on domestic
manufacturers, limiting production gains
and associated demand for abrasives.
Abrasives sales in Central and South
America, the Africa/Mideast region and
Eastern Europe are projected to outpace
demand in developed areas but will lag
gains in the Asia/Pacific region. The
fastest gains will be seen in nations such
as China and India. China passed the
US to become the largest national
market for abrasives between 2000 and
2005, and is expected to account for
over half of global demand in 2015.
Loose grains and powders
demand to spur dollar
growth of nonmetallics
The largest product segment in dollar
terms, nonmetallic abrasives, includes
bonded abrasives, coated abrasives,
and loose grains and powders. Nonmetallic
abrasives are expected to register
slower sales gains than metallic types.
Demand for loose grains and powders is
forecast to expand the fastest of any
nonmetallic abrasive type through 2015,
supported by rising levels of integrated
circuit manufacturing. Coated and
bonded abrasive sales are expected to
rise at similar rates. Coated abrasives
are used in a variety of applications, and
the market will expand in step with
durables manufacturing and construction
activity globally. Bonded abrasives are
generally used in metalworking applications.
Superabrasives, which are most
often used in a bonded form, are gaining
favor with producers due to their long life
and high performance characteristics.
This study analyzes the $33 billion world abrasives industry. It presents historical demand data for the years 2000, 2005 and 2010, with forecasts for 2015 and 2020 by product (e.g., coated nonmetallic, bonded nonmetallic, metallic), market (e.g., durable goods manufacturing, cleaning and maintenance), raw material (manufactured minerals, natural minerals, metallic minerals), world region and for 23 countries.
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 40 industry players, including Saint-Gobain, 3M and Imerys.