iAbrasive: World Abrasives Industry Outlook
Zhengzhou, China (PRWEB) December 01, 2014 -- While the abrasives and abrasive product demand is increasing in China and US, other countries such as those in Western Europe, just recovering from the financial crisis, seem to be hopping back on the bandwagon. The abrasives industry outlook looks positive with a persistent growth and increasing demand in China, US, and other countries. Let's review key points from the Mineral Commodity Summaries 2014:
Increase in Worldwide Abrasives Demand
Up till 2017, worldwide abrasives demand is forecasted to increase by 6 percent per annum. The sales of abrasives is expected to do much better in Western Europe, North America, Eastern Europe, central and South America, and the African continent. After a rapid growth in demand in the Asia/Pacific region, abrasive gains are expected to decelerate until 2017. This deceleration will be offset by the increase in demand in other regions outside Asia. The fastest gains are expected in paper and coated abrasive, followed by metallic and super abrasives.
More Than Half the Demand is Attributed To China
China is the world's leading consumer as well as producer of abrasives and is forecasted to remain so until 2017. The sale of abrasives in China is forecasted to increase by 10 percent per annum. Currently, all addition demands of abrasives account for 55 percent of Chinese demand. The Chinese demand for abrasives is influenced by increase in manufacturing activity, additional foreign investments, and rising living standards. Other than China, abrasives demand is also attributed to the manufacturing sector in US. These sectors include aerospace, housing, furniture; steel and automotive industries, which have all experienced increased production.
Coated, Metallic, and Super Abrasives to Remain Popular
The leading products that are high in demand and will remain so until 2017 seem to be coated abrasives. The consumption of paper and other coated abrasives will remain popular owing to the growth in manufacturing and construction. The second fastest growing product will be metallic abrasives due to the growth in industries of its use such as metal working plants, machine tool factories, and foundries.
These are some of the key trends and outlook for the abrasives industry, which sheds light on the growing demand of abrasives, popular abrasive products, and regions/ countries where demand is forecasted to increase or decrease. This should help buyers and suppliers to align their strategies accordingly.
About The Company
iAbrasive, headquartered in China since 2012, is an international abrasives trading marketplace. The company facilitates online trading of abrasives and abrasives products by connecting buyers and sellers from around the world. The company serves all kinds of industries and clients that use abrasives with its vertically focused and large inventory of all kinds of abrasive products.
For more information, visit: http://www.iabrasive.com/.
Lei, iAbrasive.com, http://www.iabrasive.com/, +86 37186167220, [email protected]
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