Global Abrasive Demand to Rise 6.0% Annually through 2015
Zhengzhou, China (PRWEB) December 14, 2014 -- The Industry in Retrospect
All industrial abrasives are made of these grains of durable and hard minerals that are either in its pure form or synthetically produced for the production and maintenance of metals, glass, diamond works and wood. Broadly speaking, they fall in the category of coated and bonded abrasive products.
Whereas before, abrasive product applications were limited to metalworking, today, its applications have gone far and wide, making advances in the industry of automobiles, appliances, and electronics. Attributed to these recent developments, it has been projected in a report by Freedonia that the abrasives and abrasive products’ market will reach $44.7 billion by 2015.
What Will Fuel This Increase?
In the past few years, some of the best emerging markets are China, India, and Thailand. The report suggests that some of the most significant demand will be driven from these nations who are making substantial leads in the automobile and electronics market.
From 2005 to 2010, China has been the number one market for abrasives, expected to account for about one third of global demand in 2015. This emergence, growth, and investment in the sector has set the market to a positive turn, with an increase in demand projected at 6%.
Metallic Abrasives, Loose Grains and Powders to Be the Highest Demanded Products
Amongst the global abrasive products available, the reports further goes to predict that it is the non-metallic loose grains and powders that will be utilized the most, followed by metallic abrasives. The nonmetallic substances are imperative for the manufacturing of circuit systems, while other metallic abrasives are used for the metalworking, fabrication and transportation equipment.
With various producers and suppliers of abrasive products now available, the demand can be effectively met. Check out iAbrasive’s large range of products and get connected to the top abrasive suppliers.
iAbrasive, headquartered in China since 2012, is an international abrasives trading marketplace. We are the facilitators of online abrasives and abrasive products, and connect buyers and sellers from around the world.
Copyright: iAbrasive.com–Abrasives & Diamond Tools Market
Lei, iAbrasive.com, http://www.iabrasive.com/, +86 37186167220, [email protected]
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