Abrasive & Sandpaper Manufacturing in the US - Industry Market Research Report
Description
Abrasive & Sandpaper Manufacturing in the US
The Abrasive and Sandpaper Manufacturing industry produces a diverse range of abrasive products used in various applications across the manufacturing, automotive, aerospace, telecommunications, construction, cleaning and maintenance markets. While demand from these markets grew, this growth has been negated by increased import competition, plummeting commodity prices and a slowing manufacturing sector. Also, in 2020, the COVID-19 pandemic contributed to falling demand from construction and industrial markets, as lockdowns and supply chain disruptions made industrial production difficult. However, as the pandemic passes and the economy begins to recover, pent-up demand for construction and manufacturing will surge in demand for industry products. Still, industry revenue has been shrinking at an average annualized 5.7% over the past five years and is expected to total $4.0 billion in 2023, when revenue will dip by an estimated 3.1%.
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.
The Abrasive and Sandpaper Manufacturing industry produces a diverse range of abrasive products used in various applications across the manufacturing, automotive, aerospace, telecommunications, construction, cleaning and maintenance markets. While demand from these markets grew, this growth has been negated by increased import competition, plummeting commodity prices and a slowing manufacturing sector. Also, in 2020, the COVID-19 pandemic contributed to falling demand from construction and industrial markets, as lockdowns and supply chain disruptions made industrial production difficult. However, as the pandemic passes and the economy begins to recover, pent-up demand for construction and manufacturing will surge in demand for industry products. Still, industry revenue has been shrinking at an average annualized 5.7% over the past five years and is expected to total $4.0 billion in 2023, when revenue will dip by an estimated 3.1%.
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.
Table of Contents
42 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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