Recently, the latest research report by the US market research institute ReportsnReports, "World Abrasive Market to 2015 ", said that the global abrasive market demand is expected to grow at an annual rate of 6.1%, and will reach $44.7 billion by 2015. The growing demand for commodities such as automobiles, electrical appliances, and electronic products, as well as the acceleration of investment in fixed assets, will promote and support the market sales of abrasive products. China, India, Thailand, etc. will become the fastest growing countries. In the period 2005-2010, China has surpassed the United States to become the world's largest abrasive market. It is estimated that by 2015, China's share of global abrasive demand will exceed one-third. The report predicts that the demand for loose pellets and powders will increase the fastest among all non-metallic abrasives, driven by the rapid growth in the production of integrated circuits, especially photovoltaic cells. As demand for steel products continues to grow in developing countries, metal abrasives for basic metal production and some metalworking processes are expected to be the fastest growing category of all abrasive products. Coated abrasives for a variety of processes, including automotive, aerospace and machinery manufacturing, will grow in tandem with the entire manufacturing market. Superabrasives, which are often used in bonded form, are rapidly gaining the favor of manufacturers due to their long life and high performance. In 2010, the abrasives consumed by the durable goods manufacturing industry accounted for more than 70% of the total abrasive demand. Due to the increase in vehicle production and the strong growth of the global aviation industry, by 2015, the demand for abrasives in the transportation equipment market will receive the strongest growth. Similarly, the electrical equipment and electronics manufacturing market is expected to grow at an above-average rate. In 2010, Saint-Gobain (France) and 3M (USA) were the two largest manufacturers of abrasive products. Overall, the abrasives market is highly fragmented, with small and medium-sized producers focusing on specific uses, specific customers and specific products accounting for the bulk of the total abrasive industry.
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