STUDY GOALS AND OBJECTIVES
Abrasives are materials that are used to cut, smooth, roughen, polish or clean surfaces, or simply to remove material to alter surface shapes or dimensions. Products with abrasive materials include grinding discs and wheels, sandpaper, polishing and lapping compounds, deburring media and sandblasting materials.
Abrasives are a well-established global market with a long history of products, technologies and slowly evolving market trends. Abrasives are mainly used in bonded and coated forms for various applications such as cutting, polishing, grinding, surface finishing and various other applications. Industries such as automotive, construction, aerospace and industrial form the major customer markets for abrasive product manufacturers. Unique applications include using abrasives to create friction in braking products such as vehicle brake pads in the automotive industry and windmills in industrial products.
Several unique and novel technologies are starting to make inroads into the mundane and well-established abrasive products and technology market. The next several decades should witness the influences of these novel technologies in the market that could alter the industrial landscape of these products and technologies.
This report is designed to investigate the global abrasives market by technology, product line and market size with supporting tables and figures to illustrate projected growth. The report will include developed countries such as the U.S., Europe and Japan, as well as other developing countries such as China and India.
This report offers forecasts by product segment from 2011 through 2017, including supporting analyses for projections.
REASONS FOR DOING THE STUDY
The objective of this study is to provide an in-depth analysis and forecast of the global abrasives market. The focus is on technology, products and market details of the worldwide abrasives industry.
The global market for abrasives is estimated to grow in the low single digits globally until 2017. However, significant differences are expected between established traditional abrasive products and products that are catering to niche markets such as semiconductors and photovoltaic. Further, abrasive products market is expected to grow faster than the abrasive grains market.
This report is intended for customers and suppliers of abrasive technologies and products, and others with a need to understand the status and dynamics of the market for these products. This report is largely nontechnical in nature and coverage. It is concerned less with theory and jargon than with what works, who the major global players are, what technological trends are seen in the market place, regulations that are shaping the market and how technology will drive market growth.
As such, the report’s content should be highly useful to executive management personnel and marketing and financial analysts due to the organized presentation of data. Scientists and technologists would also benefit from the report as its findings concern the market for their work, which should interest them and provide them with a clearer perspective as to how their work can influence the future of the industry and what new technologies are making inroads into various application segments of the industry.
This report is an invaluable tool for chief-level (C-level) executives, business planners, acquisition specialists, licensing strategists, product managers, market research analysts, investing consultants and others interested in the abrasives market and its products, technologies, participants and future.
SCOPE OF REPORT
The report will include details about various types of abrasives, materials used as abrasives, the abrasive manufacturers’ most commonly used grains, their production with values, the manufacturers of products using abrasive materials primarily for machine tools, the users of the abrasive tool and other applications, and the users of loose abrasives.
The report will be formatted in such a way that it will contain comprehensive information about the abrasive industry and the users thereof.
The initial section of the report covers the technical aspects of the industry and what the industry products offer in terms of applications and markets.
In the subsequent section, the abrasive grains market is analyzed on a global scale. This section covers the major abrasive grain types and market details of each. With detailed analysis of players and production capacities, emerging trends are discussed.
The U.S. and Europe are the two biggest markets for abrasives and abrasive products. Separate chapters cover each of these regions, and within each region, the trends for both abrasive grains and abrasive products are analyzed. Subcategories of each of these markets are also analyzed, based on trade data and statistical data. These also include, for example, average employee costs, energy usage and capital expenditures.
In the final chapter, in-depth details of the industry players are given. This chapter is very wide in scope, and includes products, company history, locations and financials of more than 100 companies. The objective has been to include all companies that have more than $100 million in annual revenues and are active in the abrasive industry. Several smaller companies are included if these are niche players. These companies are listed in alphabetical order. It is estimated that the combined revenues of the companies analyzed is about $15 billion.
METHODOLOGIES AND INFORMATION SOURCES
Information for this report is obtained from a variety of primary and secondary research sources, including industry analysts, annual reports and regulatory filings, U.S. Patent and Trademarks office, other government agencies inside and outside the U.S., European trade statistics and journal articles. Secondary sources include literature searches, product literature, Internet, company websites and press releases. Interviews conducted with experts in the industry also provided valuable information contained in this report.
Where precise information is not available, a consensus has been made using reasonable assumptions and estimates based on historical data.
ABOUT THE AUTHOR
Vijay Subramanian has a Ph.D. in Materials Science and has extensive experience in the field of materials, including an in-depth understanding of abrasives and its applications. He worked for more than a decade in the automotive industry in the United States and later in India, and owns multiple U.S. patents in the fields of friction materials and coatings. He has authored reports for BCC Research since 2012. Other reports by the author include AVM086A Top Ten Suppliers of Friction Products and Materials.
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The information developed in this report is intended to be as reliable as possible at the time of publication and of a professional nature. This information does not constitute managerial, legal or accounting advice, nor should it serve as a corporate policy guide, laboratory manual or an endorsement of any product, as much of the information is of a speculative in nature. The author assumes no responsibility for any loss or damage that might result from reliance on the reported information or from its use.
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