During the past five years, the industry experienced significant declines in demand as a result of the heavy blow the recession dealt to downstream markets. An unprecedented slump in the manufacturing, construction and mining sectors caused industry revenue to contract. However, recovery in these industries is anticipated to revive demand for abrasives manufacturers.
Industry firms manufacture natural or synthetic abrasive products such as: grinding wheels; coated or bonded materials; sandpaper; and other abrasives. Abrasive products are made from a variety of raw materials (e.g. diamonds, garnet, and silica sand); manufactured minerals (e.g. fused alumina and silicon carbide); super abrasives (e.g. synthetic diamond); and metal abrasives (e.g. steel shot, grit and sand).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.