Aluminum Oxide Abrasives

Table of Contents

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

II. EXECUTIVE SUMMARY

1. Industry Overview II-1

• Abrasives - A Highly Saturated Market II-1
• High-Tech Abrasives Boosts Productivity II-1
• Ceramic Aluminum Oxide - Latest Developmentin Abrasives II-1
• Expanding Market for Cubic Boron Nitride II-1
• Asia-Pacific - Dominant Force in Global Aluminum Oxide Abrasives Market II-2
• Global Market Overview II-2
• Current & Future Analysis II-2
• Historic Review II-2

2. Product Overview II-3

• Aluminum Oxide Abrasives II-3
• Types of Aluminum Oxide Abrasives II-3
• Porcelain Aluminum Oxide Abrasives II-3
• Fused Aluminum Oxide Abrasives II-3
• Table 1: Global Market for Fused Aluminum Oxide (2004): Production in Metric Tons by Country - China, USA & Canada, Germany, Austria, Australia, Brazil, France, India, and Other Countries (includes corresponding Graph/Chart) II-4

3. Abrasives - An Insight II-5

• Abrasive Materials II-5
• Natural Abrasive Materials II-5
• Tripoli II-6
• Special Silica Stone Products II-6
• Garnet II-7
• Emery II-8
• Staurolite II-9
• Manufactured Abrasive Materials II-9
• Aluminum Oxide Abrasives II-9
• Silicon Carbide Abrasive II-10
• Boron Carbide Abrasive II-10
• Aluminum-Zirconium Oxide Abrasive II-10
• Cubic Boron Nitride (CBN) II-11
• Metallic Abrasives II-13
• Calcined Alumina II-13
• Miscellaneous Abrasives II-13
• Abrasive Products II-14
• Bonded Abrasives II-14
• Diamond Bonded Abrasives II-14
• Coated Abrasives II-14
• Economics of Coated Abrasives V/s Other Conventional Abrasives II-15
• Super-abrasives II-15
• Industrial Diamonds and Related Products II-15
• US - The Largest Producer of Synthetic Industrial Diamonds II-17
• Non-Woven Abrasives II-18
• Abrasive Belts II-18
• Coated Abrasive Belt Comprises of Grit andBacking II-18
• Cushioned Abrasives II-19

4. Product Introductions II-20

• Applied NanoWorks Introduces PinnacleAF Nano-Oxides II-20
• Camel Grinding Wheels Unveils Aluminum OxideProducts II-20

5. Recent Industry Activity II-21

• Bosai Mining Group Completes Aluminum OxideProduction Facility II-21
• Fujimi America Merges with Fujimi Corporation II-21
• Western Garnet Buys Kominex Mineral Mahlwerk II-21

6. Focus on Select Global Players II-22

• Carborundum Universal Ltd. (India) II-22
• Elfusa (Brazil) II-22
• Fujimi Corp. (USA) II-22
• HC Starck (Germany) II-22
• Norton Abrasives (USA) II-22
• The Exolon Company (Exolon-ESK Co) (USA) II-23
• Treibacher Schleifmittel AG (Austria) II-23
• Washington Mills Electro Minerals Corp. (USA) II-23

7. Global Market Perspective II-24

• Table 2: World Recent Past, Current & Future Analysis for Aluminum Oxide Abrasives by Geographic Region - USA, Canada, Japan, Europe, Asia-Pacific (excluding Japan),Middle East, Latin America, and Rest of World Markets Independently Analyzed with Annual Sales Figuresin US$ Million for Years 2001 through 2010(includes corresponding Graph/Chart) II-24
• Table 3: World Historic Review for Aluminum Oxide Abrasives by Geographic Region - USA, 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 1991through 2000 (includes corresponding Graph/Chart) II-25
• Table 4: World 20-Year Perspective for Aluminum Oxide Abrasives by Geographic Region - Percentage Breakdown of Value Sales for USA, 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-25

III. MARKET

1. The United States III-1

• A. Market Analysis III-1
• Current & Future Analysis III-1
• Historic Review III-1
• Import/Export Scenario in the Recent Past III-1
• Imports III-1
• Table 5: Crude Aluminum Oxide Abrasives Market in the US (2001 & 2000): Imports in Metric Tonsand US$ Thousand by Country - China, Canada, Venezuela, and Others (includes corresponding Graph/Chart) III-1
• Exports III-2
• Table 6: Crude Aluminum Oxide Abrasives Market in the US (2001 & 2000): Exports in Metric Tons and US$ Thousand by Country - Canada, Germany, Mexico, The Netherlands, Japan, Republic of Korea, United Kingdom, and Others (includes corresponding Graph/Chart) III-2
• Product Introductions III-2
• Strategic Corporate Development III-3
• Key Players III-3
• Fujimi Corp. III-3
• Norton Abrasives III-3
• The Exolon Company (Exolon-ESK Co) III-3
• Washington Mills Electro Minerals Corp. III-3
• B. Market Analytics III-4
• Table 7: US Recent Past, Current & Future Analysis for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-4
• Table 8: US Historic Review for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) III-4

2. Canada III-5

• Market Analysis III-5
• Current & Future Analysis III-5
• Historic Review III-5
• Table 9: Canadian Recent Past, Current & Future Analysis for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-5
• Table 10: Canadian Historic Review for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) III-5

3. Japan III-6

• Market Analysis III-6
• Current & Future Analysis III-6
• Historic Review III-6
• Table 11: Japanese Recent Past, Current & Future Analysis for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-6
• Table 12: Japanese Historic Review for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) III-6

4. Europe III-7

• Market Analysis III-7
• Current & Future Analysis III-7
• Historic Review III-7
• Table 13: European Recent Past, Current & Future Analysis for Aluminum Oxide Abrasives by Geographic Region - France, Germany, UK, Italy, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-7
• Table 14: European Historic Review for Aluminum Oxide Abrasives by Geographic Region - France, Germany, UK, Italy, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 1991 through 2000(includes corresponding Graph/Chart) III-8
• Table 15: European 20-Year Perspective for Aluminum Oxide Abrasives by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, UK, Italy, Spain, Russia, and Rest of Europe Markets for Years 1991, 1995, 2005 & 2010 (includes corresponding Graph/Chart) III-8

4a. France III-9

• Market Analysis III-9
• Current & Future Analysis III-9
• Historic Review III-9
• Table 16: French Recent Past, Current & Future Analysis for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-9
• Table 17: French Historic Review for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) III-9

4b. Germany III-10

• A. Market Analysis III-10
• Current & Future Analysis III-10
• Historic Review III-10
• Strategic Corporate Development III-10
• Key Player III-10
• HC Starck III-10
• B. Market Analytics III-11
• Table 18: German Recent Past, Current & Future Analysis for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-11
• Table 19: German Historic Review for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) III-11

4c. The United Kingdom III-12

• Market Analysis III-12
• Current & Future Analysis III-12
• Historic Review III-12
• Table 20: UK Recent Past, Current & Future Analysis for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-12
• Table 21: UK Historic Review for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) III-12

4d. Italy III-13

• Market Analysis III-13
• Current & Future Analysis III-13
• Historic Review III-13
• Table 22: Italian Recent Past, Current & Future Analysis for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-13
• Table 23: Italian Historic Review for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) III-13

4e. Spain III-14

• Market Analysis III-14
• Current & Future Analysis III-14
• Historic Review III-14
• Table 24: Spanish Recent Past, Current & Future Analysis for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-14
• Table 25: Spanish Historic Review for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) III-14

4f. Russia III-15

• Market Analysis III-15
• Current & Future Analysis III-15
• Historic Review III-15
• Table 26: Russian Recent Past, Current & Future Analysis for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-15
• Table 27: Russian Historic Review for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) III-15

4g. Rest of Europe III-16

• A. Market Analysis III-16
• Current & Future Analysis III-16
• Historic Review III-16
• Key Player III-16
• Treibacher Schleifmittel AG (Austria) III-16
• B. Market Analytics III-16
• Table 28: Rest of Europe Recent Past, Current & Future Analysis for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-16
• Table 29: Rest of Europe Historic Review for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) III-17

5. Asia-Pacific III-18

• A. Market Analysis III-18
• Current & Future Analysis III-18
• Historic Review III-18
• Aluminum Oxide Abrasives Market in China III-18
• Abrasives Market in India III-18
• Strategic Corporate Development III-18
• Key Players III-18
• Carborundum Universal Ltd. (India) III-18
• Orient Abrasives (India) III-19
• B. Market Analytics III-19
• Table 30: Asia-Pacific Recent Past, Current & Future Analysis for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-19
• Table 31: Asia-Pacific Historic Review for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) III-20

6. Middle East III-21

• Market Analysis III-21
• Current & Future Analysis III-21
• Historic Review III-21
• Table 32: Middle East Recent Past, Current & Future Analysis for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-21
• Table 33: Middle East Historic Review for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) III-21

7. Latin America III-22

• A. Market Analysis III-22
• Current & Future Analysis III-22
• Historic Review III-22
• Key Player III-22
• Elfusa (Brazil) III-22
• B. Market Analytics III-22
• Table 34: Latin America Recent Past, Current & Future Analysis for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-22
• Table 35: Latin America Historic Review for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) III-23

8. Rest of World III-24

• Market Analysis III-24
• Current & Future Analysis III-24
• Historic Review III-24
• Table 36: Rest of World Recent Past, Current & Future Analysis for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-24
• Table 37: Rest of World Historic Review for Aluminum Oxide Abrasives with Annual Sales Figures in US$ Million for Years 1991 through 2000 (includes correspondingGraph/Chart) III-24

IV. COMPETITION

• 1. 3M Company (USA) IV-1
• Table 38: Half Yearly Sales Analysis: 2004-2005 (H1) (In US$ billion) IV-4
• Table 39: Half Yearly Sales Analysis by Business Segment: 2004-2005 (H1) (In US$ billion) IV-5
• Table 40: Annual Sales Analysis: 2003-2004 (In US$ billion) IV-5
• Table 41: Annual Sales Analysis by Business Segment: 2003-2004 (In US$ billion) IV-5
• Table 42: Annual Sales Analysis by Geographic Region: 2003-2004 (In US$ billion) IV-6
• Table 43: Quarterly Sales Analysis: 2003-2004 (In US$ billion) IV-6
• 3M Australia Pty., Ltd. (Australia) IV-19
• 2. Abrafract Ltd. (UK) IV-21
• 3. Abrasive Innovations LLC (USA) IV-22
• 4. Abtex Corporation (USA) IV-23
• 5. Applied Nanoworks, Inc. (USA) IV-24
• 6. B.C. Abrasives (UK) IV-25
• 7. Blastrite (Pty) Ltd. (South Africa) IV-26
• 8. Burka-Kosmos GmbH Schleifmittelwerk (Germany) IV-27
• 9. C. F. Schroder schleifmittelwerke GmbH (Germany) IV-27
• 10. Calbex Minerals Trading, Inc (China). IV-28
• 11. Camel Grinding Wheels (Israel) IV-29
• 12. Capillar Schleifkörperwerk GmbH (Germany) IV-30
• 13. Carborundum Universal Ltd. (India) IV-31
• Table 44: Annual Sales Analysis: 2003-2005 (In INR million) IV-32
• Table 45: Annual Sales Analysis by Business Segment: 2004-2005 (In INR million) IV-32
• Table 46: Annual Sales Analysis by Geographical Region: 2004-2005 (In INR million) IV-32
• 14. Carpo SA (Spain) IV-33
• 15. Centaur Abrasives Pvt., Ltd. (India) IV-33
• 16. Cerabra Srl (Italy) IV-34
• 17. Cheboxar-Abraziv (Russian Federation) IV-34
• 18. Cobra Produktions- Und Handels Gesmbh (Austria) IV-35
• 19. Comet DD (Slovenia) IV-36
• 20. Cutfast Abrasive Tools Ltd. (India) IV-36
• 21. Diprotex (France) IV-37
• 22. Dorfnerwerk Dr.-Ing. Josef Dorfner GmbH (Germany) IV-39
• 23. EFESIS Schleiftechnik GmbH (Germany) IV-40
• 24. Ekamant Skandinavien AB (Sweden) IV-41
• 25. Electro Abrasives Corporation (USA) IV-42
• 26. Elfusa (Brazil) IV-43
• 27. Exolon-ESK Company (USA) IV-44
• 28. Fabryka Tarcz Sciernych (Poland) IV-47
• 29. Fengyang Dongfang Abrasive Tools Co (China) IV-47
• 30. Finishing Aids & Tools Ltd. (UK) IV-48
• 31. Foss-Viking A/S (Norway) IV-50
• 32. Fujimi Corporation (USA) IV-51
• 33. Garryson Ltd. (UK) IV-52
• 34. Guizhou Bron Industry Trade Co., Ltd. (China) IV-53
• 35. H. B. Schleifmittel GmbH (Germany) IV-54
• 36. H. C. Starck GmbH & Co., KG. (Germany) IV-55
• 37. Hermes Schleifmittel GmbH And Co. (Germany) IV-60
• Hermes Abrasivi Srl (Italy) IV-62
• 38. Hunger Schleifmittel GmbH (Germany) IV-63
• 39. Ilyich Abrasive Co. (Russia) IV-63
• 40. Imerys PLC (UK) IV-64
• Table 47: Half Yearly Sales Analysis: 2004-2005 (H1) (In € million) IV-65
• Table 48: Half Yearly Sales Analysis by Business Segment: 2004-2005 (H1) (In € million) IV-66
• Table 49: Annual Sales Analysis: 2003-2004 (In € million) IV-66
• 41. Inco-Veritas SA (Poland) IV-68
• 42. Intershlif (Russian Federation) IV-69
• 43. Krebs & Riedel Schleifscheibenfabrik GmbH & Co., KG. (Germany) IV-70
• 44. L'Abrasienne (France) IV-70
• 45. Lippert-Unipol (France) IV-71
• 46. Lowton Abrasives Ltd. (UK) IV-71
• 47. Luoyang Hong Feng Refractories And Abrasives Co., Ltd. (China) IV-72
• 48. Metabo Corporation (USA) IV-75
• 49. Ming Luen Fat Trading Co (Hong Kong) IV-77
• 50. Nord Est Abrasivi Srl (Italy) IV-78
• 51. Orient Abrasives Ltd. (India) IV-79
• 52. Pacehigh Ltd. (UK) IV-81
• 53. Phoenix Abrasive Wheel Co., Ltd. (UK) IV-81
• 54. Production Abrasives, Inc. (USA) IV-82
• 55. Reade Advanced Materials (USA) IV-83
• 56. Renotex Doo (Croatia) IV-87
• 57. Saint-Gobain Abrasifs (France) IV-88
• Saint-Gobain Abrasives (USA) IV-88
• Norton Abrasives (USA) IV-89
• Saint-Gobain Diamantwerkezuege GmbH & Co., Kg (Germany). IV-92
• Saint-Gobain Abrasives GmbH (Germany) IV-94
• Saint-Gobain Abrasives SP. Z O.O. (Poland) IV-94
• Norton Abrasives (USA) IV-95
• 58. Sebald & Co. GmbH Schleifscheiben (Germany) IV-96
• 59. ShengLi Abrasives Plant (China) IV-97
• 60. Sitab Srl - Industria Mole Abrasive (Italy) IV-98
• 61. SlipNaxos AB (Sweden) IV-99
• Slipnaxos-Rappold France (France) IV-99
• 62. Standard Abrasives, Inc. (USA) IV-100
• 63. Starcke GmbH & Co. (Germany) IV-102
• 64. Stella Keramik GmbH (Germany) IV-102
• 65. Taiwan Grinding Wheel Ind Co., Ltd. (Taiwan) IV-102
• 66. TH. LEISSE GmbH & CO., KG. Westflisches Chleifscheibenwerk (Germany) IV-103
• 67. The Edmar Abrasive Co. (USA) IV-104
• 68. Treibacher Schleifmittel AG (Austria) IV-104
• 69. Tyrolit North America, Inc. (USA) IV-105
• 70. Unicorn Abrasives Ltd. (UK) IV-106
• 71. United Abrasives, Inc. (USA) IV-107
• 72. Washington Mills Electro Minerals Corporation (USA) IV-108
• Washington Mills Electro Minerals Ltd. (UK) IV-109
• 73. Weiler Corporation (USA) IV-110
• 74. White Dove (Group) Co., Ltd. (China) IV-111
• 75. Wolverhampton Abrasives Ltd. (UK) IV-112
• 76. WST Winterthur Schleiftechnik AG (Switzerland) IV-113
• 77. Zagrebacka Industrija Abraziva Dd (Croatia) IV-114
• 78. Zibo Jinjingchuan Abrasives Co., Ltd. (China) IV-115