LONDON, Oct. 12, 2015 /PRNewswire/ --
Use this report to:
- Learn about the global abrasives market by technology, product
line and market size.
- Gain comprehensive information about the abrasive industry and
the users.
- Analyze the technical aspects of the global abrasives
industry.
Highlights
- The global market for abrasive products and materials reached
$36.6 billion in 2014. This market is
expected to reach $37.8 billion by
2015 and $44.2 billion by 2020,
registering a compound annual growth rate (CAGR) of 3.2% from 2015
to 2020.
- Abrasive tools will grow from $28.2
billion in 2015 to $33.7
billion by 2020, increasing at a CAGR of 3.6% from 2015 to
2020.
- Abrasive grains as a segment will grow from $9.6 billion in 2015 to $10.5 billion in 2020, at a 1.8% CAGR.
Introduction & Scope
INTRODUCTION
STUDY GOALS AND OBJECTIVES
Abrasives are materials that are 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 and sandblasting materials. Abrasives
are a well-established global market with a long history of
products, technologies and slowly evolving market trends. Abrasives
are mainly used in bonded and coated forms for various applications
such as cutting, polishing, grinding, surface finishing and various
other applications. Industries such as automotive, construction,
aerospace and industrial form the major customer markets for
abrasive product manufacturers. Unique applications include using
abrasives to create friction in braking products such as vehicle
brake pads in the automotive industry and windmills in industrial
products.
Several unique and novel technologies are starting to make
inroads into the mundane and well-established abrasive products and
technology market. The next several decades should witness the
influences of these novel technologies in the market that could
alter the industrial landscape of these products and technologies.
This report is designed to investigate the global abrasives market
by technology, product line and market size with supporting tables
and figures to illustrate projected growth. The report will include
developed countries such as the U.S., Europe and Japan, as well as other developing countries
such as China and India. This report offers forecasts by product
segment from 2015 through 2020, including supporting analyses for
projections.
REASONS FOR DOING THE STUDY
The objective of this study is to provide an in-depth analysis and
forecast of the global abrasives market. The focus is on
technology, products and market details of the worldwide abrasives
industry. The global market for abrasives is estimated to grow in
the low single digits globally until 2020. However, significant
differences are expected between established traditional abrasive
products and products that are catering to niche markets such as
semiconductors and photovoltaic. Further, abrasive products market
is expected to grow faster than the abrasive grains market.
INTENDED AUDIENCE
This report is intended for customers and suppliers of abrasive
technologies and products, and others with a need to understand the
status and dynamics of the market for these products. This report
is largely nontechnical in nature and coverage. It is concerned
less with theory and jargon than with what works, who the major
global players are, what technological trends are seen in the
market place, regulations that
are shaping the market and how technology will drive market growth.
As such, the report's content should be highly useful to executive
management personnel and marketing and financial analysts due to
the organized presentation of data. Scientists and technologists
would also benefit from the report as its findings concern the
market for their work, which should interest them and provide them
with a clearer perspective as to how their work can influence the
future of the industry and what new technologies are making inroads
into various application segments of the industry. This report is
an invaluable tool for chief-level (C-level) executives, business
planners, acquisition specialists, licensing strategists, product
managers, market research analysts, investing consultants and
others interested in the abrasives market and its products,
technologies, participants and future.
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, the users of the abrasive tool and other
applications, and the users of loose abrasives. The report will be
formatted in such a way that it will contain comprehensive
information about the abrasive industry and the users thereof. The
initial section of the report covers the technical aspects of the
industry and what the industry products offer in terms of
applications and markets.
In the subsequent section, the abrasive grains market is analyzed
on a global scale. This section covers the major abrasive grain
types and market details of each. With detailed analysis of players
and production capacities, emerging trends are discussed. The U.S.
and Europe are the two biggest
markets for abrasives and abrasive products. Separate chapters
cover each of these regions, and within each region, the trends
for
both abrasive grains and abrasive products are analyzed.
Subcategories of each of these markets are also analyzed, based on
trade data and statistical data. These also include, for example,
average employee costs, energy usage and capital expenditures.
In-depth analysis of the European market is presented with
statistics in exports and imports both within EU countries as well
as with countries outside Europe.
In the final chapter, details of the industry players are given.
This chapter is very wide in scope, and includes products, company
history, locations and financials of more than 100 companies. The
objective has been to include all companies that have more than
$100 million in annual revenues and
are active in the abrasive industry. Several smaller companies are
included if these are niche players. These companies are listed
in alphabetical order. It is estimated that the combined revenues
of the companies analyzed is about $20
billion, and includes companies in the industrial cutting
tools segment.
METHODOLOGIES AND INFORMATION SOURCES
Information for this report is obtained from a variety of primary
and secondary research sources, including industry analysts, annual
reports and regulatory filings, U.S. Patent and Trademarks office,
other government agencies inside and outside the U.S., European
trade statistics and journal articles. Secondary sources include
literature searches, product literature, Internet, company websites
and press releases. Interviews
conducted with experts in the industry also provided valuable
information contained in this report. Where precise information is
not available, a consensus has been made using reasonable
assumptions and estimates based on historical data.
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