Silicon Carbide Abrasives

SUMMARY

This report analyzes the worldwide markets for Silicon Carbide Abrasives in Millions of US$. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, Latin America and Rest of World. Annual forecasts are provided for each region and product segment for the period of 2001 through 2010. A ten-year historic analysis is also provided for these markets with annual market analytics. The report profiles 42 companies including many key and niche players worldwide such as Carborundum Universal, Electro Abrasives Corp, Grindwell Norton, Saint-Gobain Abrasives, Inc., VSM Abrasives, Washington Mills Electro Minerals Company, and Orkla Exolon. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

TABLE OF CONTENTS

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

• Study Reliability And Reporting Limitations I-1
• Disclaimers I-2
• Data Interpretation & Reporting Level I-2
• Quantitative Techniques & Analytics I-3
• Product Definitions And Scope Of Study I-3

II. EXECUTIVE SUMMARY

1. Outlook II-1

• Current & Future Analysis II-1
• Table 1: World Market for Silicon Carbide Abrasives (2001-2010): Leading Geographic Regions Ranked by Growth - USA, Asia-Pacific, Japan, Latin America, Middle East, Europe and Canada (includes corresponding Graph/Chart) II-1

2. Abrasives Industry - An Insight II-2

• What's Buzzing? II-2
• Year 2006: A Curtain Raiser II-2
• CUMI Snaps Up AEL II-2
• Showa Denko's Stint with Ceramics II-2
• Flow International Bags it For the Second Time Again II-2
• WestView Pockets Radiac Abrasives II-3
• BES Tests Its AFJ Technology II-3
• European Commission Checks Imports of Silicon Carbide II-3
• Saint-Gobain Abrasives' Products for the Medical Market II-3
• Year 2005: A Review II-3
• Grindwell On the Prowl II-3
• sia Abrasives' Fortifies Its Position in the Abrasives Coated Products Market II-3
• BES Buys Intellectual Property Rights to Abrasive Fluid Jetting Technology II-4
• Katy Industries Takes Over Washington International II-4
• Opta Minerals Gets Hold of Hillcrest Industries II-4
• Key Player of Indian Abrasives Market enlarges Capacity II-4
• IKONICS Offers Ultravinyl II-4

3. Product Overview II-5

• Abrasive Materials - An Overview II-5
• Natural Abrasive Materials II-5
• Tripoli II-5
• Special Silica Stone Products II-6
• Garnet II-6
• Emery II-8
• Staurolite II-8
• Manufactured Abrasives II-9
• Silicon Carbide II-9
• Features II-9
• Applications II-10
• Grinding Applications II-10
• Table 2: US Grading Vs European Grading System II-10
• Grinding Forces / Pressure II-11
• Grinding Lubricants II-11
• MRD and Specimen Orientation II-11
• Aluminum Oxide II-11
• Boron Carbide II-11
• Alumina Zirconia Oxide II-11
• Cubic Boron Nitride (CBN) II-12
• CBN Wheel Vs Commodity Wheel II-14
• Non-applicability of CBN wheel II-15
• Ceramic Aluminum Oxide II-15
• Metallic Abrasives II-15
• Calcined Alumina II-15
• Industrial Diamonds and Related Products II-15
• Industrial Diamonds: What's the Buzz in the Market? II-16
• Year 2006: A Curtain Raiser II-16
• Indian Co. Carborundum Ups Equity Stake in Chinese Co "Jingri" II-16
• Element Six Pockets Ukranian Synethic Diamond Manufacturing Plant II-17
• 3M Signs the Dotted Line With GIDC II-17
• Diamond Discs Unveiled II-17
• EU Gives the Green Signal to LBO France II-17
• Industrial Diamonds-A Peek into the Past II-17
• The US - Largest Producer of Synthetic Industrial Diamonds II-18
• Miscellaneous Abrasives II-19

4. Abrasive Products - An Overview II-20

• Bonded Abrasives II-20
• Coated Abrasives II-20
• Economics of Coated Abrasives V/s Other Conventional Abrasives II-20
• Diamond Bonded Abrasives II-21
• Superabrasives II-21
• Non-Woven Abrasives II-21
• Abrasive Belts II-21
• Cushioned Abrasives II-22

5. Production Scenario II-23

• Global Silicon Carbide Production at a Glance II-23
• Table 3: Global Silicon Carbide Production Capacity by Geographic Region/Country for 2004 (In '000 Metric Tons and % Share) (includes corresponding Graph/Chart) II-23

6. Historic Review II-24

• Table 4: World Market for Silicon Carbide Abrasives (1991-2000): Geographic Regions Ranked by Growth - USA, Japan, Asia-Pacific, Latin America, Europe, Canada and Middle East (includes corresponding Graph/Chart) II-24

7. Recent Industry Activity II-25

• Washington Mills Acquires Orkla II-25
• World's Largest Silicon Carbide Base coming up in China... II-25
• Ceradyne Acquires ESK II-25
• Elsid to Expand Production Capacity... II-25
• Dow Corning Buys Sterling Semiconductor II-25
• Microsemi and Sterling Semiconductor Enter into Alliance II-25
• II-VI Buys Litton Systems Inc.'s Silicon Carbide Group II-26
• Washington Mills Acquires Exolon-ESK II-26
• Uniroyal Technology Purchases Sterling Semiconductor II-26
• Sterling Semiconductor Signs Contract with Department of Defense II-26
• Isonics Inks Supply Contract with ATMI II-26

8. Focus on Select Players II-27

• Carborundum Universal Ltd.(India) II-27
• Electro Abrasives Corp (USA) II-27
• Grindwell Norton Ltd. (India) II-27
• Saint-Gobain Abrasives, Inc. (USA) II-27
• VSM Abrasives Corp. (USA) II-28
• Washington Mills Electro Minerals Company (USA) II-28
• Orkla Exolon KS (Norway) II-28

9. Global Market Perspective II-29

• Table 5: World Recent Past, Recent Past, Current & Future Market Analysis for Silicon Carbide Abrasives by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) II-29
• Table 6: World Historic Market Review for Silicon Carbide Abrasives by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan, Middle East, Latin America and Rest of World Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) II-29
• Table 7: World 20-Year Perspective for Silicon Carbide Abrasives Market by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, Latin America and Rest of World Markets for Years 1991, 1995, 2005 & 2010 (includes corresponding Graph/Chart) II-30

III. MARKET

1. The United States III-1

• A. Market Analysis III-1
• Market Snapshots III-1
• Production Scenario III-1
• Table 8: Silicon Carbide (Crude) Production in North America (US & Canada) by Volume & Value (2000-2004) III-1
• Import/Export Scenario III-2
• Table 9: Top 10 US Import Sources for Silicon Carbide (2003) Ranked by Value III-2
• Table 10: Top Five US Export Destinations for Silicon Carbide (2003) Ranked by Value III-3
• Strategic Developments III-3
• Key US Players III-4
• Electro Abrasives Corp III-4
• Radiac Abrasives Inc III-5
• Saint-Gobain Abrasives, Inc. III-5
• VSM Abrasives Corp. III-5
• Washington Mills Electro Minerals Company III-5
• B. Market Analytics III-6
• Table 11: US Recent Past, Current & Future Market Analysis for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010. (includes corresponding Graph/Chart) III-6
• Table 12: US Historic Market Review for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000. (includes corresponding Graph/Chart) III-6

2. Canada III-7

• A. Market Analysis III-7
• B. Market Analysis III-7
• Table 13: Canadian Recent Past, Current & Future Market Analysis for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010. (includes corresponding Graph/Chart) III-7
• Table 14: Canadian Historic Market Review for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000. (includes corresponding Graph/Chart) III-7

3. Japan III-8

• A. Market Analysis III-8
• B. Market Analysis III-8
• Table 15: Japanese Recent Past, Current & Future Market Analysis for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010. (includes corresponding Graph/Chart) III-8
• Table 16: Japanese Historic Market Review for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000. (includes corresponding Graph/Chart) III-8

4. Europe III-9

• A. Market Analysis III-9
• Current & Future Analysis III-9
• Table 17: European Market for Silicon Carbide Abrasives (2001-2010): Leading Geographic Regions Ranked by Growth - Russia, France, Germany, Spain ,UK and Italy (includes corresponding Graph/Chart) III-9
• Historic Review III-9
• Table 18: European Market for Silicon Carbide Abrasives (1991-2000): Leading Geographic Regions Ranked by Growth - Russia, Germany, France, Spain, UK and Italy. (includes corresponding Graph/Chart) III-10
• B. Market Analytics III-10
• Table 19: European Recent Past, Current & Future Market Analysis for Silicon Carbide Abrasives by Geographic Region - France, Germany, Italy, UK,Spain, Russia & Rest of Europe Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 includes corresponding Graph/Chart) III-10
• Table 20: European Historic Market Review for Silicon Carbide Abrasives by Geographic Region - France, Germany, Italy, UK, Spain, Russia & Rest of Europe Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) III-11
• Table 21: European 20-Year Perspective for Silicon Carbide Abrasives by Geographic Region - Percentage Breakdown of Dollar Sales for France, Germany, Italy, UK, Spain, Russia & Rest of Europe Markets for Years 1991, 1995, 2005 & 2010 (includes corresponding Graph/Chart) III-11

4a. France III-12

• A. Market Analysis III-12
• B. Market Analysis III-12
• Table 22: French Recent Past, Current & Future Market Analysis for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million forYears 2001 through 2010.(includes corresponding Graph/Chart) III-12
• Table 23: French Historic Market Review for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000. (includes corresponding Graph/Chart) III-12

4b. Germany III-13

• A. Market Analysis III-13
• B. Market Analysis III-13
• Table 24: German Recent Past, Current & Future Market Analysis for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010. (includes corresponding Graph/Chart) III-13
• Table 25: German Historic Market Review for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000. (includes corresponding Graph/Chart) III-13

4c. Italy III-14

• A. Market Analysis III-14
• B. Market Analysis III-14
• Table 26: Italian Recent Past, Current & Future Market Analysis for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010. (includes corresponding Graph/Chart) III-14
• Table 27: Italian Historic Market Review for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000. (includes corresponding Graph/Chart) III-14

4d. The United Kingdom III-15

• A. Market Analysis III-15
• B. Market Analysis III-15
• Table 28: UK Recent Past, Current & Future Market Analysis for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-15
• Table 29: UK Historic Market Review for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000. (includes corresponding Graph/Chart) III-15

4e. Spain III-16

• A. Market Analysis III-16
• B. Market Analysis III-16
• Table 30: Spanish Recent Past, Current & Future Market Analysis for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010. (includes corresponding Graph/Chart) III-16
• Table 31: Spanish Historic Market Review for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000. (includes corresponding Graph/Chart) III-16

4f. Russia III-17

• A. Market Analysis III-17
• B. Market Analysis III-17
• Table 32: Russian Recent Past, Current & Future Market Analysis for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010. (includes corresponding Graph/Chart) III-17
• Table 33: Russian Historic Market Review for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000. (includes corresponding Graph/Chart) III-17

4g. Rest of Europe III-18

• A. Market Analysis III-18
• Strategic Development III-18
• Key Players III-18
• Orkla Exolon (Norway) III-18
• Saint Gobain Ceramic Materials A/S (Norway) III-18
• B. Market Analytics III-19
• Table 34: Rest of Europe Recent Past, Current & Future Market Analysis for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010. (includes corresponding Graph/Chart) III-19
• Table 35: Rest of Europe Historic Market Review for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000. (includes corresponding Graph/Chart) III-19

5. Asia-Pacific III-20

• A. Market Analysis III-20
• China -Market Perspective III-20
• Strategic Development III-20
• Key Players III-20
• Carborundum Universal Ltd. (India) III-20
• Grindwell Norton Ltd. (India) III-21
• Zhengzhou Yellow River Abrasives Co., Ltd (China) III-21
• Zibo Jinjingchuan Abrasives Co.,Ltd. (China) III-21
• B. Market Analytics III-22
• Table 36: Asia-Pacific Recent Past, Current & Future Market Analysis for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010. (includes corresponding Graph/Chart) III-22
• Table 37: Asia-Pacific Historic Market Review for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000. (includes corresponding Graph/Chart) III-22

6. Middle East III-23

• A. Market Analysis III-23
• B. Market Analysis III-23
• Table 38: Middle East Recent Past, Current & Future Market Analysis for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010. (includes corresponding Graph/Chart) III-23
• Table 39: Middle East Historic Market Review for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000. (includes corresponding Graph/Chart) III-23

7. Latin America III-24

• A. Market Analysis III-24
• Key Player III-24
• Saint-Gobain Materiais Cerâmicos Ltda. (Brazil) III-24
• B. Market Analytics III-24
• Table 40: Latin America Recent Past, Current & Future Market Analysis for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010. (includes corresponding Graph/Chart) III-24
• Table 41: Latin America Historic Market Review for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000. (includes corresponding Graph/Chart) III-25

8. Rest of World III-26

• A. Market Analysis III-26
• B. Market Analysis III-26
• Table 42: Rest of World Recent Past, Current & Future Market Analysis for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010. (includes corresponding Graph/Chart) III-26
• Table 43: Rest of World Historic Market Review for Silicon Carbide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000. (includes corresponding Graph/Chart) III-26

IV. COMPETITION

• 1. 3M Coated Abrasives Division (USA) IV-1
• 2. Abadan Silicon Carbide and Aluminum Oxide Production Complex (ABASIC) (Iran) IV-3
• 3. Abrasifs Grains ET Poudres SA (A.G.P.) (France) IV-4
• 4. Beijing Kingdee Resources and Technology Development Corporation (China) IV-5
• 5. Carborundum Universal Ltd. (India) IV-6
• Table 44: Annual Sales Analysis: 2004-2006(In INR million) IV-7
• Table 45: Annual Sales Analysis by Business Segment:2005-2006 (In INR million) IV-8
• Table 46: Annual Sales Analysis by Geographic Region: 2005-2006 (In INR million) IV-8
• Table 47: Annual Sales Analysis by Business Segment:2004-2005 (In INR million) IV-8
• Table 48: Annual Sales Analysis by Geographic Region: 2004-2005 (In INR million) IV-8
• 6. Cerabra Srl (Italy) IV-11
• 7. Ceradyne, Inc. (USA) IV-12
• Table 49: First Quarter Sales Analysis: 2005-2006 (Q1)(In US$ million) IV-14
• Table 50: First Quarter Sales Analysis by Segment:2005-2006 (Q1) (In US$ million) IV-14
• Table 51: Annual Sales Analysis: 2003-2005(In US$ million) IV-14
• Table 52: Annual Sales Analysis by Quarter:2004-2005 (In US$ million) IV-14
• Table 53: Annual Sales Analysis by Segment:2004-2005 (In US$ million) IV-15
• 8. CeramTec AG (Germany) IV-25
• 9. Compagnie De Saint-Gobain (France) IV-27
• Table 54: First Quarter Sales Analysis:2005-2006 (Q1) (In € million) IV-29
• Table 55: Annual Sales Analysis: 2004-2005(In € million) IV-30
• Table 56: Annual Sales Analysis by Division:2004-2005 (In € million) IV-30
• Table 57: Annual Sales Analysis by GeographicRegion: 2004-2005 (In € million) IV-30
• Grindwell Norton Ltd. (India) IV-32
• Table 58: Annual Sales Analysis: 2004-2005(In INR million) IV-33
• Table 59: Annual Sales Analysis by Segment:2004-2005 (In INR million) IV-33
• Table 60: Annual Sales Analysis by GeographicRegion: 2004-2005 (In INR million) (France)) IV-33
• Saint-Gobain Abrasives (USA) IV-38
• Saint-Gobain Ceramic Materials (USA) IV-39
• Saint-Gobain Grains & Powder Division (USA) IV-39
• Saint Gobain Ceramic Materials A/S (Norway) IV-39
• Saint-Gobain Ceramic Materials (Lian Yungang) Co., Ltd. (China) IV-40
• Saint-Gobain Industrial Ceramics Ltd. (UK) IV-40
• Saint-Gobain Materiais Cerâmicos Ltd. (Brazil) IV-42
• Saint-Gobain Matériaux Céramiques (Belgium) IV-44
• 10. Electro Abrasives Corporation (USA) IV-45
• 11. Elsid SA (Romania) IV-46
• 12. Esk-Sic GmbH (Germany) IV-47
• 13. Fujimi Corporation (USA) IV-48
• 14. Groupe Arnaud Electronics (France) IV-49
• 15. Isonics Corporation (USA) IV-50
• Table 61: Nine Months Sales Analysis: 2005-2006(Nine Months Ended, January) (In US$ million) IV-51
• Table 62: Nine Months Sales Analysis by Segment:2005-2006 (Nine Months Ended, January)(In US$ million) IV-52
• Table 63: Annual Sales Analysis: 2003-2005(In US$ million) IV-52
• 16. K. C. Abrasive Company LLC (USA) IV-56
• 17. Kollo Silicon Carbide BV (The Netherlands) IV-58
• 18. Koltex Color Sro (Czech Republic) IV-58
• 19. Luoyang HongFeng Refractories And Abrasives Co., Ltd.(China) IV-59
• 20. Mac' Ants Group (UK) IV-60
• 21. Morgan Advanced Ceramics (USA) IV-61
• Morgan Advanced Ceramics SAS (France) IV-62
• Morgan AM&T, Inc. (USA) IV-62
• 22. Navarro SIC SA (Spain) IV-63
• 23. Orkla Exolon KS (Norway) IV-63
• 24. Radiac Abrasives, Inc. (USA) IV-64
• 25. Sceram (France) IV-65
• 26. Schunk Electrographite Sas (France) IV-68
• 27. Shandong Zhongshun Science & Technology Development Co., Ltd. (China) IV-69
• 28. ShengLi Abrasives Plant (China) IV-70
• 29. Silbid Ltd. (Israel) IV-71
• 30. Sitab Srl - Industria Mole Abrasive (Italy) IV-71
• 31. Tianqi Abrasives (Mfg) Co., Ltd. (China) IV-72
• 32. Timcal Ltd. (Switzerland) IV-75
• 33. Unimetal SpA (Italy) IV-76
• 34. VSM Abrasives (USA) IV-77
• 35. Wacker Chimie Sas (France) IV-78
• 36. Washington Mills Electro Minerals Company (USA) IV-79
• 37. Weizhong Abrasive Materials & Tools Plant (China) IV-80
• 38. Xingguang Abrasives Co., Ltd. (China) IV-81
• 39. Zaporozhsky Abrazivny Combinat (Ukraine) IV-83
• 40. Zhen YU Abrasives Co., Ltd. (China) IV-85
• 41. Zhengzhou Yellow River Abrasives Co., Ltd. (China) IV-86
• 42. Zibo Jinjingchuan Abrasives Co., Ltd. (China) IV-87