Demand for abrasives in the US is forecast to rise 3.8 percent per year through 2019 to $6.9 billion. Gains will decelerate from those seen over the 2009- 2014 period, when abrasives demand grew quickly as a result of recovery from an unusually low, recession-impacted 2009 base. Solid growth in durable goods manufacturing will support increased abrasives consumption through 2019. In addition, rising market share for higherpriced goods such as superabrasives will strengthen demand in value terms.
Key durable goods market to track industry growth
Durable goods manufacturing represents the largest market for abrasive products, accounting for three fourths of the total in 2014. Demand for abrasives in the durable goods market is expected to advance in line with the overall average rate through 2019. The strongest outlooks for abrasives in durable goods manufacturing are expected in markets such as furniture and wood products, machinery, and nonmetallic mineral products, all of which are expected to see solid gains in manufacturing output through 2019. Cleaning and maintenance applications, which represent the second largest source of abrasives demand after durable goods, are expected to grow at a more modest pace, reflecting the maturity of abrasives use in many typical cleaning activities. Construction applications are expected to be the single fastest growing market for abrasives, benefiting from rapid gains in construction spending, but this market will remain a small portion of the total.
Bonded abrasives to register fastest gains
Nonmetallic abrasives accounted for the vast majority of abrasive products in 2014. Within nonmetallic abrasives, coated products are the largest category, followed by bonded abrasives and loose abrasive grains and powders. Bonded abrasives will post the fastest gains through 2019, in part due to the fact that this is the category containing the highest concentration of superabrasive materials, which are expected to expand their market share. Greater consumption of superabrasives (e.g., manufactured diamond) will also benefit coated abrasives and loose abrasives to some degree. Metallic abrasives will post slightly below average growth, reflecting the relative maturity and lack of emerging technology for products in this category. Competition from alternative materials such as polyester nonwoven pads will also curb consumption of metallic abrasive products.
Silicas, superabrasives among top growing materials
Demand for abrasive raw materials will advance slightly slower than demand for abrasives through 2019, reflecting the prevalence of low-cost foreign imports that will restrict price growth for many abrasive materials. Among the fastest growing abrasive raw materials will be specialty silicas, which are seeing increased use in the chemical mechanical planarization (CMP) process for semiconductor manufacturing, as well as in whitening toothpastes. Superabrasives, which include manufactured diamond and cubic boron nitride (CBN), will also see fast growth. The hardness of these materials allows them to offer super performance characteristics, but their use has historically been restricted by high prices. Improving production processes are expected to make these products less expensive, thereby benefiting demand for these materials in abrasive applications. However, these expected price declines will limit the pace of growth in value terms, even as volume demand grows.
This upcoming industry study, Abrasives presents historical demand data (2004, 2009 and 2014) plus forecasts (2019 and 2024) by raw material, product and market. The study also considers market environment factors, details industry structure, evaluates company market share, and profiles US industry players.
Our reports have been used by over 10K customers, including:
175 pages •
By The Business Research Company
• Sep 2021
Major players in the 3D printed implants market are 3D Systems Corporations, Stratasys Ltd, Arcam AB, EnvisionTEC and SLM Solutions Group AG. The global 3D printed implants market is expected to grow from $0.14 billion in 2020 to $0.15 billion in 2021 at a compound annual growth rate (CAGR) of 7.1%. The growth is mainly due to the companies...
175 pages •
By The Business Research Company
• Sep 2021
Major players in the welding products market are The Lincoln Electric Company, Colfax Corporation, Illinois Tool Works Inc, Kemppi Oy, Kiswel Inc., Obara Corporation, Senor Metals Pvt. Ltd., Tianjin Bridge Welding Materials Co. Ltd., ESAB, and Ador Welding Ltd. The global welding products market is expected to grow from $12.10 billion...
The global isostatic pressing market size was valued at USD 7.3 billion in 2021 and is projected to reach USD 11.0 billion by 2026. It is expected to grow at a CAGR of 8.5% during the forecast period. Growing demand for materials with high intensity and low porosity in 3D printing, increasing focus on development of low-cost products and reducing...
The global medical device contract manufacturing market is estimated to reach USD 113.3 billion in 2026 from USD 65.9 billion in 2021, at a CAGR of 11.5% during the forecast period. The key factors driving the growth of the medical device contract manufacturing market include the overall growth of the medical devices market, mainly due to...
Old account: Declining unemployment is expected to reduce demand for consumer credit counseling Abstract Credit Counselors, Surveyors & Appraisers in the US The Credit Counselors, Surveyors and Appraisers industry has experienced significant revenue growth over the five years to 2019. Over the past...
The grease market was valued at 1,308.51 kiloton in 2020, and the market is projected to register a CAGR of over 1.5% during the forecast period (2021-2026). The major grease-consuming industries, like automotive, industrial processing (majorly steel mills), aerospace, and food and beverages, were greatly impacted by the COVID-19. Especially,...
In flight: rising demand for commercial aircraft will boost industry revenue Abstract Aircraft, Engine & Parts Manufacturing in the US The Aircraft, Engine and Parts Manufacturing industry develops and manufactures planes, rotorcraft, engines and related components for the civil and defense markets....
The robotic welding market (with peripherals) size is projected to reach USD 11.7 billion by 2026 from an estimated USD 7.1 billion in 2021, at a CAGR of 10.5% from 2021 to 2026. The intensifying adoption of Industry 4.0 principles is among the factors driving the growth of the robotic welding market. The spot welding segment...
Abstract Industrial Hygiene Services Procurement in the US This report is intended to assist buyers of industrial hygiene services. Industrial hygiene service vendors (health and safety engineers) provide commercial and industrial businesses with worksite assessments to ensure a safe and environmentally...
Commercial Real Estate
Electric Power Generation
Wholesale Price Index
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.