iAbrasive: Global Abrasives Market Value is Projected to Reach 43.8 Billion Till 2017

The world’s abrasives market value in 2011 totals to 33.4 billion dollars, and the amount is projected to reach 43.8 billion till 2017 with a compound growth rate at 4.6%, reported by iAbrasive, an international abrasives online trading platform.

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(PRWEB) May 07, 2014

The world’s abrasives market value in 2011 totals to 33.4 billion dollars, and the amount is projected to reach 43.8 billion till 2017 with a compound growth rate at 4.6%, reported by iAbrasive, an international abrasives online trading platform.

In global abrasives’ market, abrasives are composed of two parts: abrasive grains and abrasive products. The former consists of companies and enterprises manufacturing the raw materials, such as alumina and silicon carbide, while the latter refers to abrasive tools which can directly be used for grinding, cutting and polishing.

Global abrasives industry enjoys a long history and plays an indispensable role in the development of national economy. Generally, abrasive grains, sanding discs, grinding wheels, sanding paper and other deburring medias are mainly used for cutting, polishing and deburring applications. The job is usually done by removing impurities or changing the product shape and size. These kinds of products are widely applied in the fields of automotive, manufacturing, industry, aerospace and construction.

According to iAbrasive’s introduction, global abrasive grains’ market value in 2011 is 8.9 billion dollars and will raise to 10.9 billion till 2017 with a compound growth rate at 3.4%. Nevertheless, abrasive tools show a faster growth rate compared with abrasive grains. It is reported that abrasive tools’ market value will reach 32.9 billion dollars till 2017 with a compound growth rate at 5.0%.

To get more news about abrasive industry, you are welcome to link http://www.iabrasive.com.

About iAbrasive

Founded in 2012, and headquartered in Zhengzhou, China, iAbrasive has achieved dramatic growth in benefiting overseas abrasives buyers communicating with Chinese suppliers at anytime and anywhere. Positioning itself on the whole abrasives industry only, iAbrasive strives to be most professional abrasives trading platform and supply the best abrasives products for you. Link http://www.iabrasive.com to search for what you need and meet your desired suppliers here!


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