Global Abrasive Materials, Products, Applications Market to Grow at a CAGR Of 5.5% During the Period 2017-2022

Bharat Book Bureau Provides the Trending Market Research Report on Global Abrasive Materials, Products, Applications Markets 2017 under Industry & Mfg category. The report provides information on industry overview, market size, latest developments, industry trends, Key players, global presence, and their future prospects.
The Global Market for Abrasives reached $38.2 billion in 2016. The market should reach $39.8 billion in 2017 and $51.9 billion by 2022, growing at a compound annual growth rate (CAGR) of 5.5% during 2017-2022.
Report Includes
- 72 data tables and 41 additional tables.
- 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 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022.
- Abrasives and abrasive products industries, global market trends in each, mergers and acquisitions, and its impact in the marketplace.
- Alumina and silicon carbide markets, production capacities, trends, and geographic details.
- Comprehensive profiles of major players in the industry.
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Chapter 1: Introduction
Study Goals and Objectives
Abrasives are materials used to cut, smooth, roughen, polish or clean surfaces, or simply to remove material to alter surface shapes or dimensions. Products with abrasive materials include grinding discs and wheels, sandpaper, polishing and lapping compounds, deburring media, sandblasting materials and cutting tools.
Abrasives are a well-established global market with a long history of products, technologies and slowly evolving market trends. They are mainly used in bonded and coated forms for various applications, including cutting, polishing, grinding and surface finishing. Industries such as automotive, construction, aerospace and industrials form the major customer markets for abrasive product manufacturers. Abrasives can be used to create friction in braking products such as vehicle brake pads in the automotive industry, windmills in industrial products and even braking blocks used in washing machines.
Unique and novel technologies are continuing to make inroads into the mundane and well-established abrasive product and technology market. Companies that are championing these technologies are betting on the reduction in lifetime costs for abrasive product end users despite the fact that the upfront costs are higher. These have long-term influences in the marketplace, and market penetration of these technologies occurs downward from the high-value end applications.
This report is designed to investigate the global abrasive market by technology, product line and market size, with supporting tables and figures to illustrate projected growths. It will include developed regions such as the U.S., Europe and Japan, as well as other developing regions such as China and India.
This report offers forecasts by product segment from 2017 through 2022, including supporting analyses for projections.
Reasons for Doing This Study
The objective of this study is to provide an in-depth analysis and forecast of the global abrasive market. The focus is on technology, products and market details of the global abrasive industry.
The global market for abrasives is estimated to grow in the mid-single digits globally until 2022, but significant differences are expected between established traditional abrasive products and products catering to niche markets, such as semiconductors and photovoltaic. The abrasive product market is also expected to grow faster than the abrasive grain market.
Scope of Report
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, users of abrasive tools and other applications, and users of loose abrasives. Estimated values used are based on manufacturers’ total revenues. Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation.
The report will contain comprehensive information regarding the abrasive industry and the users thereof.
The initial section covers the technical aspects of the industry and the industry products offered in terms of applications and markets.
In the subsequent section, the abrasive grain market is analyzed on a global scale. This section covers the major abrasive grain types and their market details. Emerging trends are discussed, with detailed analysis of players and production capacities.
The U.S. and Europe are the two largest markets for abrasives and abrasive products. Separate chapters cover each of these regions, as well as the trends for both abrasive grains and abrasive products within these regions. Subcategories within each of these markets are also analyzed based on trade data and statistical data. Analysis will include average employee costs; which readers may find useful. In-depth analysis of the European market for Silicon Carbide is presented, with statistics in exports and imports within the European Union (E.U.) countries, as well as for countries outside Europe.
The industry’s technology aspects are reviewed under the chapter related to Patents and Intellectual property. Chronological review of the issued U.S. patents is analyzed, and companies active in developing intellectual property in the abrasive industry are listed.
The final chapter provides details of the industry players. This chapter is wide in scope, including the products, company history, locations and financials of more than 100 companies. The objective has been to include all companies with more than $100 million in annual revenues that are currently active in the abrasive industry. Several smaller companies are also included as niche players. These companies are listed in alphabetical order. It is estimated that the combined revenues of the companies analyzed is approximately $24 billion, which includes companies in the industrial cutting tools segment.
Information Sources
Information for this report was obtained from numerous primary and secondary research sources, including industry analysts, annual reports and regulatory filings, the U.S. Patent and Trademarks Office, the U.S. Geological Survey (USGS), other government agencies inside and outside the U.S., European trade statistics and journal articles. Secondary sources included literature searches, product literature, internet resources, company websites and press releases. Interviews conducted with experts in the industry also provided valuable information contained in this report.
In areas for which precise information was unavailable, a consensus was made using reasonable assumptions and estimates based on historical data.
Methodology
The methodology adopted in evaluating market size entails a top-down approach.
The global markets are analyzed based on GDP growth rates of countries and regions, mainly classified into “developed” and “developing” countries. The data available from sources such as the IMF and the World Bank are used for this. The regions’ growth rates in the manufacturing parts of each economy are assessed from this, as well as their shares of the manufacturing economies.
Trade data from various sources are reviewed to understand the markets and the ways they are changing with currency fluctuations. Several countries had significant currency depreciations at the time of the previous on this subject. This dust has mostly settled, and the global currency markets are calmer now than they were two years back.
The revenues of large players are compiled, and the revenue growth of each company listed in the last chapter is studied. Market trends were assessed from direct communications with executives in numerous companies in the abrasive industry. Comparisons to existing published market projections for various application markets were also taken into consideration in the final calculations of both the abrasive grain and abrasive product market sizes, as well as in growth rates in various regions.
Regional Breakdown
In this report, the global regions considered for market analysis include:
- North America
- Europe
- Rest of the World
For the specific chapter on Europe, the regional breakdown is presented by country for various segments of the abrasive grain and abrasive product markets.
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