Jc35 Guide: with the increasingly stable economic market and favorable government support, China's machine tool industry has achieved considerable development, and the abrasive consumption demand in the domestic market has increased correspondingly. China has become the largest Abrasives Market in the world. It is expected that by 2015, China will account for more than one third of the total global Abrasives demand.

According to the latest research report "world Abrasives Market to 2015" released by reportsnreports, the global Abrasives market demand is expected to grow at an annual rate of 6.1% and reach 44.7 billion US dollars by 2015. The continuous growth of consumer demand for automobile, electrical appliances, electronic products and other commodities, as well as the acceleration of fixed asset investment, will promote and support the marketing of abrasive products. China, India and Thailand will become the countries with the fastest sales growth. During 2005-2010, China has surpassed the United States and become the largest Abrasive Market in the world. It is expected that by 2015, China will account for more than one third of the total global abrasive demand.

The report predicts that the demand for loose aggregates and powders is the fastest growing of all non-metallic abrasives, driven by the rapid growth in the production of integrated circuits, especially photovoltaic cells. With the continuous growth of demand for steel products in developing countries, metal abrasives for basic metal production and some metal processing processes are expected to become the fastest growing category of all abrasive products. Coated abrasives for various processes (including automotive, aerospace and mechanical manufacturing) will grow in pace with the manufacturing market as a whole. Superhard abrasives, which are usually used in the form of bonding, are rapidly gaining the favor of manufacturers due to their long life and high performance.

Due to the increase of automobile production and the strong growth of global aviation manufacturing industry, the demand for abrasives in transportation equipment market will be the strongest growth by 2015. Similarly, the manufacturing market for electrical equipment and electronic products is expected to grow at a higher than average rate.
Article link: China machine tool business network http://www.jc35.com/news/detail/19984.html