Abrasive & Sandpaper Manufacturing in Canada
Over the past five years, a slight expansion in Canadian industrial production combined with robust demand from international markets has helped lead to improving industry performance, and overall industry revenue has risen. The Abrasive and Sandpaper Manufacturing industry in Canada is closely connected to the US economy due to its proximity and the sheer size of downstream markets in the United States. As a result, the industry has experienced a lift over the last five years due to strong growth from US residential housing markets. Further, a depreciating domestic currency has made industry products more competitive abroad, and alongside strong demand from US products this has led to rising export figures and a corresponding increase in industry revenue. Over the five years to 2023, industry revenue is expected to continue rising, albeit at a slower rate.
This industry manufactures natural and synthetic abrasive products including 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); superabrasives (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.
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