An Analysis on the Economic Trend of Abrasives and Abrasive Tools Industry in 2014

iAbrasive, a professional e-commerce trading platform specialized in abrasives, is excited to announce that a new market research report is available in its catalogue:

World demand to rise nearly 6% annually through 2017

Worldwide demand for abrasives is forecast to expand nearly six percent per annum through 2017 to just under $40 billion, an acceleration over the 2007- 2012 pace. Abrasives sales are expected to improve greatly in North America and Western Europe. The Africa/Mideast region, Central and South America, and Eastern Europe will perform much better through 2017 as well. In contrast, gains in the Asia/Pacific region are expected to decelerate modestly between 2012 and 2017, after more than a decade of rapid abrasives demand growth. However, the Asia/Pacific abrasives market will still outperform all other regions during this time. In terms of products, paper and other coated abrasives are expected to see the fastest gains through 2017, followed by metallic products and super abrasives. Transportation equipment and fabricated metals will be the best performing end use markets during this period.

China to account for more than half of all new demand

According to iAbrasive survey, about 55 percent of all additional abrasives demand generated between 2012 and 2017 will be attributable to China, the world's leading consumer of these products. Abrasives sales in the country are projected to rise 10 percent per year through 2017. As the Chinese abrasives market matures, however, growth is expected to decelerate noticeably from the breakneck pace of the last decade. Massive gains in manufacturing activity, rising living standards, and additional foreign investment will stimulate product demand in China. As the country's durable goods industries become more sophisticated, the intensity of abrasives use -- relative to GDP, manufacturing value added, and population size -- will increase noticeably.

Sales of abrasives to accelerate outside Asia

Following several years of loss during the recession-plagued 2007-2012 period, sales of abrasives in Western Europe are projected to expand nearly two percent per annum between 2012 and 2017. As the region recovers from the financial crisis, production of durable goods is expected to rebound, generating additional demand for abrasives. North America will record considerably faster growth through 2017 than during the previous five-year period as well, for similar reasons. Sales of abrasives in the Africa/Mideast region, Central and South America, and Eastern Europe are expected to accelerate, as their durable goods sectors mature. More sophisticated industries generally require a greater level of abrasives. Additionally, demand for higher-end abrasives will increase, adding to market gains.

Founded in 2012, headquartered in Zhengzhou, China, iAbrasive has witnessed dramatic growth in benefiting overseas abrasives buyers communicating with Chinese suppliers at anytime and anywhere. Positioning itself on the whole abrasives industry exclusively, iAbrasive strives to be the most professional abrasives trading platform and supply the best abrasives products for you. Please click here: http://www.iabrasive.com to have a glance of the most diversified abrasive products.