Increasing Demand for High-end Abrasives Products

With the prosperity of China's manufacturing industry, market demand for coated abrasives has been on the rise. Seen from the International Hardware Show that was held in Qinngdao, Shandong Province from Sept. 14 to Sept. 16, there was an increase in the number of coated abrasives exhibitors. By 2013, China has exceeded America and became the largest abrasives market worldwide. It is predicted that China's abrasives and abrasives products will account for two-thirds of the world's abrasives addition products, while as one of the major part of abrasives and abrasives products, coated abrasives will also faced with a favorable developing trend.

On the other hand, however, concerns exist among researchers of the abrasives industry. Seen from the international industry situation, China's coated abrasives are still in the initial development stage. In terms of coated abrasives, low-end products have been suffering from overcapacity problem, while high-end products are low in capacity. A senior in Klingspor reveals that strictly speaking, China's domestic demand for high-end coated abrasives products is huge, especially those with international competitiveness.

With the accelerating application of new technologies, new materials, and new equipment, the initial task for high-end coated abrasives is to conduct technology innovation, increase investment in development and the products' technology content to narrow the gap between China and world advanced abrasives industry. However, no matter in product technology level or companies' independent innovation, huge gap remains when compared with international famous brands. The gap in turn provides and creates new opportunities for capable companies.

With seven state-owned grinding wheel factories retreating from the abrasives products market, there were few high-end coated abrasives products in China's domestic market at one time. In recent years, abrasives giants like 3M, Norton Abrasives, Klingspor have played an active part in China's abrasives market, which has increased high-end coated abrasives products.

With foreign stimulation, numerous excellent coated abrasives companies also appeared on the horizon. Some of the good players in China's coated abrasives industry include Shanghai Fermi Abrasives Co., Ltd., an authorized distributor of 3M and VSM. CIPIE (Henan) Import and Export Trade Co., Ltd. that deals with all types of coated abrasive rolls, waterproof abrasive paper, and sanding belts. Both coated abrasives companies have joined iAbrasive.com, an international B2B abrasives platform, to gain more advantages in foreign trade. To become the leading companies in China's coated abrasives industry, there is still a long way to go. On the one hand, companies should keep close pace with scientific manufacturing industries, enhance innovation, and produce coated abrasives products for high-end manufacturing industries. On the other hand, companies should broaden their horizons and open up sales channels by combining traditional sales channel with e-commerce channels, such as iAbrasive.com that offers vertical B2B services exclusive to the abrasives industry.

Author: Liwei Chu
Copyright: iAbrasive.com--Abrasives & Diamond Tools Market