Bonded Abrasives Expected to Lead in Market Demand from 2008 onward
NYC, NY — June 15, 2009 – Dedalus Consulting (www.dedalusconsulting.com) recently released new research on Abrasives, Superabrasives and Abrasive Products, as part of its Advanced Materials Series. The report contains data on the world market by product type and grade in the following end-user industries: Aerospace, Automotive, Chemical Processing, Communications, Construction, Defense/Military, Electronic, Equipment/Machinery, Medical/Research, Metal Working, Optic, Opto-Electronic, Paper & Pulp, and Power Generation.
There have been major changes in both the development of new materials and new markets over the last few years that will continue to have strong impact on abrasive markets. These include the development of nanostructured materials of the growing electronics market. In addition, Dedalus Consulting projects that the growing market for solar energy and the advancement of panel manufacturing technology will be a strong market driver. Refinements in the process are increasing the capacity of photovoltaic cells, and this market offers excellent opportunity for industrial diamond suppliers and silicon carbide suppliers for example.
Bonded abrasives are the leading type in demand throughout the forecast period, comprising 26.9% of the market in 2009. This type is projected to maintain its status as the largest sector in 2013, as reflected in Exhibit One below.
On a regional level, the US market is the largest market, making up nearly 21% of total demand during 2008 and 2009. The US is followed closely by the China market, with China showing the strongest growth rate from 2008-2013 at 10.5% annually. By 2013, the China market will make up about 22.1% of total demand.
Using 2007 as the base year, the report assesses the overall growth potential for abrasive materials and products and forecasts growth by product type, grade and end-use market through 2013. It includes extensive information on the competitive environment, including recent market entrants, types of suppliers, differentiation points, general warranty standards, service contracts and barriers to market entry.
Exhibit One: Abrasive Materials and Products by Type ($MM): 2013
Source: Dedalus Consulting
More Information & How to Order
For more information about this report including a brochure and table of contents contact Dedalus Consulting:
- by navigating to the report contents page: Abrasives & Abrasive Products;
- by email at ; or
- by phone at (212) 709-8352.
About Dedalus Consulting
Dedalus Consulting Inc. is a privately owned and independently operated market research publisher and consultancy. Our research focuses on both emerging and mature markets in high-technology sectors, including machining & materials, electronic components, life sciences, nanotechnology, mobile communications and photonics.
Research is continually updated through a methodology based on primary interviews with key executives. Companies interviewed include manufacturers, end-users, distributors, and research institutions.
Our clients include Fortune 500 companies, start-ups, financial analysts, and research organizations engaged in the development and manufacturing of advanced technology products and services.