Especially in The Asia-Pacific, Demand for Industrial Abrasives Is Set to Grow Globally

Supported by renewed industrialization activity in the developing nations, rising per capita incomes and consumer expenditure, enhanced manufacturing processes in the durables sector, and increased fixed investments, especially in the Asia-Pacific, demand for industrial abrasives is set to grow globally. In value terms, the global market for industrial abrasives is projected to touch USD 27 billion in 2012 and USD 36 billion by 2018. The Asia-Pacific is estimated to be both the largest and fastest growing market for industrial abrasives with 6.5% CAGR between 2008 and 2018 to account for 58% of global market share in 2018. Source: SFGate