Abstract Global consumption of abrasives will increase by 5.9 percent per year and will reach $38 billion by 2013. The first regions to achieve growth are Asia, the Middle East/Africa, Eastern Europe and Latin America. The demand for abrasives in the four regions will exceed that of the United States...
The global consumption of abrasives will increase by 5.9 percent per year and will reach 38 billion by 2013. The first regions to achieve growth are Asia, the Middle East/Africa, Eastern Europe and Latin America. The demand for abrasives in the four regions will exceed that of the United States, Japan and Western Europe. The consumption of abrasive tools is mainly due to the steady growth of the economy and the steady development of the industry, which leads to the continuous expansion of the production of durable consumer goods and the increase in investment in fixed assets. China, India and Russia account for a large share of the sales of abrasives. In particular, China will replace the United States as the world's largest abrasives consumer market. It is estimated that by 2013, China's consumption of abrasive tools will account for two-thirds of the global demand for new products. Sales in Thailand and Indonesia in Southeast Asia will also show good growth.
The development of the global abrasives market is not optimistic compared with developing countries, its economic growth is weak, and the growth of durable consumer goods production is slow. It is expected that the demand for abrasives in the United States, Italy and France will grow by less than one percent by 2013, and the annual demand for abrasives in Japan, Germany and the United Kingdom will decline. The end result is that the per capita consumption of purchased abrasives will increase as the production costs of various types of products increase. Sales of abrasives in Canada, South Korea and Spain are expected to grow steadily with the economy and demand will increase. In the industrialized regions, the industrial output of these three countries has been in a leading position.
The consumer demand for global abrasive tools is mainly non-metallic abrasive products, including: fixed abrasives, coated abrasives and abrasives, polishing powders, etc. It is estimated that by 2013, the sales of non-metallic abrasives will occupy most of the market, which will exceed the sales of metal abrasives, such as shot peening, steel grit, wire brush and grinding wheel. The consumer durables market is undoubtedly the largest sales target for abrasives, accounting for two-thirds of all abrasive products.
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