Global Abrasives Market Value is Projected to Reach 43.8 Billion till 2017

The world’s abrasives market value in 2011 totals to 33.4 billion dollars, and the amount is projected to reach 43.8 billion till 2017 with a compound growth rate at 4.6%.

In global abrasives’ market, abrasives are composed of two parts: abrasive grains and abrasive products. The former consists of companies and enterprises manufacturing the raw materials, such as alumina and silicon carbide, while the latter refers to abrasive tools which can directly be used for grinding, cutting and polishing.

Global abrasives industry enjoys a long history and plays an indispensable role in the development of national economy. Generally, abrasive grains, sanding discs, grinding wheels, sanding paper and other deburring medias are mainly used for cutting, polishing and deburring applications. The job is usually done by removing impurities or changing the product shape and size. These kinds of products are widely applied in the fields of automotive, manufacturing, industry, aerospace and construction.

iAbrasive indicates global abrasive grains’ market value in 2011 is 8.9 billion dollars and will raise to 10.9 billion till 2017 with a compound growth rate at 3.4%. Nevertheless, abrasive tools shows a faster growth rate compared with abrasive grains. It is reported that abrasive tools’ market value will reach 32.9 billion dollars till 2017 with a compound growth rate at 5.0%.