World Silicon Carbide Abrasives Market to Reach Nearly $382 Million by 2015, According to New Report by Global Industry Analysts

World silicon carbide abrasives market is projected to reach $381.77 million by 2015. The market is influenced by the manufacturing activities in the aerospace, steel, automotive, housing and furniture industries.

San Jose, CA (PRWEB) October 28, 2008 -- Global abrasives market is greatly influenced by economic and technological trends in major regions across the world. In the US, market for manufactured abrasives such as silicon carbide mainly hinges upon the demand from the manufacturing activities in the aerospace, steel, automotive, housing and furniture industries. With China emerging as a prominent player in silicon carbide and fused aluminum oxide, Europe and North America are expected to witness declines in abrasives production over the next few years.

Low-cost, technologically advanced and superior quality grades of silicon carbide abrasives imported from China are expected to contribute towards the decline in production in these markets. World silicon carbide abrasives market is dominated by United States, and Europe, with a combined share of close to 65%, as stated by the recent report published by Global Industry Analysts, Inc., In the United States, silicon carbide abrasive sales are estimated at US$112.9 million. Asia-Pacific market for silicon abrasives market is expected to register a CAGR of 5.2% over the period 2001-2010. In Europe, France dominates the market for silicon carbide abrasives with a share of nearly 30%.    

Silicon Carbide Abrasives: A Global Strategic Business Report

The report titled "Silicon Carbide Abrasives: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product profile, players, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Asia-Pacific, Latin America and the Middle East for the period 1991-2015.

For more details about this research report, please visit http://www.strategyr.com/Silicon_Carbide_Abrasives_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR.com
Web Site http://www.strategyr.com/

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