"The Abrasives Industry in Europe and North America: A Market / Technology Report" analyses the bonded abrasives (including superabrasives), coated abrasives and loose abrasives (blasting media etc.) industry sectors, providing up-to-date information on production and trade of these abrasive products and their raw materials.
The recent global economic turndown has affected the abrasives industry just as it has many of the key manufacturing sectors it serves. However, this new report provides data that shows that the industry is now poised to take advantage of the upturn in worldwide economies that is now starting to be realised. Following a period of consolidation, the abrasives industry is emerging leaner and better placed to provide end users with the specialist products now demanded.
The report is over 500 pages in length and provides:
• In-depth analysis of the European and North American abrasives industries, with key additional information on Latin American and Asian countries.
• Detailed statistical information is presented in over 300 tables
• Review of key producers – company history, recent activities, market position, latest financial performance, etc.
• End-user markets assessed and growth patterns identified
• Technology trends identified
The European Union (EU) bonded abrasives market, excluding superabrasives, was valued at around €850 million in 2008. There has been shrinkage in 2009, but the sector is forecast to return to positive growth in 2010. The coated abrasives market, which was valued at €950 million in 2008, will shrink to around €836 million by 2010 and is then forecast to grow by around 3% per year.
The total value of diamond and CBN products sold in the EU in 2008 was around €1.3 billion, excluding single point cutting tools and large stones. Total demand for blast cleaning and related abrasive material in the region is in excess of 850,000 tonnes, worth approximately €285 million; this total includes about 175,000 tonnes of steel and cast iron abrasives.
Overall, therefore, the total market for loose, bonded, coated and superabrasive products in the European Union in 2008 was valued at about €3.4 billion. Germany is the largest national market in the EU, with about 27% of the total. The overall total is expected to shrink to around €2.9 billion in 2010 and then resume slow growth.
Abrasive raw materials, such as silicon carbide and fused aluminium oxide, which are consumed in bonded and coated abrasive products, and loose abrasives, add up to around 200,000 tonnes in the EU, with a corresponding value of €220 million. Around 400 million carats (about 80 tonnes) of superabrasive diamond and CBN grains were consumed in the EU in 2008, for precision engineering abrasive applications.
The total value of abrasive products produced in the USA in 2008 was $4.8 billion, comprising around $2.1 billion of coated and related products, $1.3 billion of bonded products (including superabrasives), $840 million of abrasive grain for the manufacture of abrasive products, $360 million of metallic abrasives for shot blasting, and $200 million of other types. Consumption of abrasives in the US in most categories was higher in 2008 than in the EU, and relied more on imports. The US industry showed a sharp decline in late 2008 and the first half of 2009, which acted as a catalyst for further consolidation within the industry. A slow recovery began in the last half of 2009 and is projected to continue through 2012. The report provides crucial information on the US abrasives sector, and gives key data that provide a concise statistical framework to predict future growth potential.