Global abrasive consumption is expected to surpass $38 billion by 2013, with an annual growth rate of 5.9%. This expansion is primarily driven by economic development and industrial progress, especially in emerging markets. Regions like Asia, the Middle East, Africa, Eastern Europe, and Latin America are leading this growth, with their demand for abrasives surpassing that of traditional powerhouses such as the U.S., Japan, and Western Europe.
China, India, and Russia are playing a major role in this shift. China is set to overtake the U.S. as the world’s largest abrasive consumer market, with its demand accounting for two-thirds of the global new product market by 2013. Meanwhile, countries like Thailand and Indonesia in Southeast Asia are also showing strong growth in abrasive sales.
On the other hand, developed economies face slower growth. The U.S., Italy, and France are expected to see less than 1% increase in abrasive demand by 2013, while Japan, Germany, and the UK may experience a decline. As production costs rise, per capita abrasive consumption is likely to grow. However, countries like Canada, South Korea, and Spain are expected to maintain steady growth, supported by their strong industrial output and economic stability.
The majority of global abrasive demand comes from non-metallic products, including bonded abrasives, coated abrasives, and polishing powders. These are projected to outperform metal-based abrasives such as steel shot, wire brushes, and grinding wheels by 2013. The durable consumer goods sector remains the largest market for abrasives, making up about two-thirds of total demand.
These insights are based on data and forecasts from a leading U.S. industry research institute, highlighting the evolving dynamics of the global abrasive market.Power Line And Cable Testing Instrument
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