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Production and supply trends
The US Geological Survey said in the 2012 Minerals Yearbook that in the past few years, the global demand for abrasives has grown at a rate of 6% per year, and it is expected to be the same in the future. The speed continues to grow.
China has long been the largest producer of corundum and silicon carbide, with annual production of 695,000 tons and 450,000 tons respectively.
In 2011, Asia Pacific (China, India, Japan and Australia) produced the largest production of corundum and silicon carbide, which were 815,000 tons and 520,000 tons respectively.
Also in 2011, the second largest production area of ​​corundum and silicon carbide in Europe (Austria, Norway, France, Germany) was 180,000 tons and 132,000 tons respectively.
Production costs in the US and Canada are relatively low due to relatively high operating costs. In 2011, the two countries plus Mexico, corundum and silicon carbide abrasives produced 60,400 tons and 87,000 tons respectively.
Production in South America (Argentina, Brazil, and Venezuela) is close to North America, with corundum and silicon carbide production of 50,000 tons and 78,000 tons, respectively.
The remaining 80,000 tons of corundum and 190,000 tons of silicon carbide come from relatively small producers scattered around the world.
Although garnet, silicon carbide and metal abrasives are gradually replacing corundum and silicon carbide in some areas, the corundum and silicon carbide industries will continue to maintain this trend.
Purchasing trend
Between 2010 and 2011, 80% of natural silicon carbide in the United States was imported, 83% of natural corundum, 42% of silicon carbide abrasives and 6% of corundum abrasives were from China. The United States imports more corundum abrasives from Brazil, accounting for 30% of total corundum imports.
In the global abrasives market survey report conducted in 2014, UK Market Watch pointed out that in the next few years, with the economic recovery, the demand for abrasives in North America and Western Europe is expected to be 4% and 2% per year respectively. Continue to grow.
The Asia-Pacific abrasives market is also showing a slow upward trend before 2017. Among them, China's annual growth rate of 10% may last longer.
With the development of Asian and non-Western regions and the gradual maturity of their durable goods industry, the overall demand for abrasives in these regions will exceed that of the United States, Western Europe and Japan.
Product development trend
According to estimates by the US market research firm Linx-Consulting, the specialty abrasives market for multi-process computer processing is expected to grow at a rate of 10% per year.
According to the British market observation reported in July 2014, in the next few years, the coated abrasives market has the largest growth rate, followed by the metal abrasives and superhard materials market. The fastest growing is non-metallic abrasives, especially free abrasives and powders.
The main buyers in the US market are in the aerospace, automotive, furniture, real estate and steel industries, and this trend remains basically unchanged.
As the economy recovers, the number of global imports, exports, and the consumption of abrasives and the cost of manufacturing abrasives will increase slowly. In general, the development trend of the abrasives industry is continuing to improve.
Analysis of the development of the global abrasives industry
Abstract Understanding others well while understanding them well can not only give us a sense of security, but also help us to define the direction of the next step. This is common to both personal growth and company development. And through the entire industry...
Knowing yourself well and understanding others well, this will not only give us a sense of security, but also help us to define the direction of the next step. This is common to both personal growth and company development. It is a good way to understand the development of the industry through the trade development of the entire industry. In order to help domestic cutting and polishing enterprises understand the development trend of the global abrasives industry and obtain the most accurate industry information, Ai Rui.com hired a foreign full-time writer Susette Horspool on the Elance website to explain in detail the transaction volume in international trade. Nearly $29 billion in the development of the abrasives industry.