Over the five years to 2017, expansion in manufacturing, automotive, aerospace, telecommunications, construction, cleaning and maintenance markets has led to an increase in industry revenue. This growth was tempered by decreasing export levels; a stronger US dollar made domestically manufactured products more expensive abroad. Moreover, slowing global industrialization, especially in developing nations like China, furthered the decline in industry exports. Demand from the ferrous and nonferrous metal foundries industries and the major appliance and electrical appliance manufacturing industries will slow over the five years to 2022. Moreover, the automotive manufacturing industry will experience a slight decline as new car sales are projected to decrease. However, increasing housing starts and total US construction spending will drive revenue growth.
Industry operators 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 such as diamonds, garnet, and silica sand; manufactured minerals such as fused alumina and silicon carbide; super abrasives such as synthetic diamond; and metal abrasives such as 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.