Abrasive Materials, Products, Applications and Global Markets
The global abrasives market, sized at $33.4 billion in 2011, is expected to reach $43.8 billion by 2017 at a six-year compound annual growth rate (CAGR) of 4.6%.
- An overview of the global market for abrasive products, which are materials used to cut, smooth, roughen, polish, or clean surfaces, or simply used to remove material to alter surface shapes or dimensions.
- Coverage of both abrasives and fine polishing markets.
- Analyses of global market trends, with data from 2011, and projections of compound annual growth rates (CAGRs) through 2017.
- Abrasives and abrasive products industries, global market trends in each, merger and acquisitions and its impact in the market place.
- Alumina and Silicon carbide marketplace, production capacities, trends, and geographical details.
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.
Vijay Subramanian has a Ph.D. in Materials Science from the University of Cincinnati, and extensive experience in the field of materials and their global markets. He worked for more than a decade in the automotive industry in the U.S., and later in India, and owns several U.S. patents. Dr. Subramanian has authored reports for BCC Research since 2012. Dr. Subramanian lives with his wife and two daughters in Kochi, India.
The abrasive industry has two defined sectors in the market. These are manufactured abrasive grains, which consist of natural and synthetic grains and highly expensive super-abrasives (also synthetic); and the users of abrasive grains such as in machine tools and as loose powders
There are limited numbers of abrasive grain manufacturing companies. But, there are large numbers of machine tool manufacturers. Some of the abrasive manufacturers make the traditional grains, such as fused alumina and silicon carbide; others manufacture super-abrasives such as synthetic diamond, cubic boron nitride (CBN) and boron carbide.
The market for abrasive grains has been steady, with declining trends in the U.S. and Canada. The major supplier (particularly of the regular and lower grade grains) has been China.