Grit and grind: Sustained increases in housing starts and total US construction spending will boost industry revenue

Strong demand from US manufacturing and automotive sectors in the United States has generally boosted Abrasive and Sandpaper Manufacturing industry revenue from 2013 onward. Additionally, demand from US construction markets rapidly increased over the past five years to 2018; builders and contractors extensively use abrasive products in the cutting and finishing of wood, wallboard and other products. Over the five years to 2018, imports increased as a stronger US dollar made domestically manufactured products relatively more expensive to downstream markets. Strong import penetration tempered industry revenue growth during the five-year period. Nevertheless, over the five years to 2023, industry revenue is projected to increase...purchase to read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 13-18
0.2%
Forecast Growth 18-23
Profit
Employment
11,984
Businesses
304

Industry Threats & Opportunities

  • Strong demand from US manufacturing and automotive sectors in the United States has generally boosted industry revenue
  • International trade is essential to the industry due to the universal need for industry products
  • Industry revenue is anticipated to increase as investment in the building construction grows
  • Industry Report - Industry Locations Chapter

    The distribution of abrasive manufacturing establishments is heavily skewed toward the Great Lakes and Mid-Atlantic regions of the United States, which account for an estimated 35.7% and 19.0% of industry establishments, respectively. The Great Lakes regions contains a high share of the nation's heavy industrial manufacturing. This heavy concentration of industrial activity corresponds with the concentration of demand for abrasives in the region's downstream automotive, ceramics, aerospace, mining and heavy industrial activity (e.g. steel foundries).The Mid-Atlantic region maintains a high share of establishments due to its close proximity to downstream markets, including automotive, furniture manufacturing and metal foundries. The...purchase to read more.

    Additional Insights for the Abrasive & Sandpaper Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Abrasive & Sandpaper Manufacturing Industry are

  • Access to niche markets
  • Development of new products
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Value of construction in the Abrasive & Sandpaper Manufacturing industry impact industry performance..

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    What's in this report

    What is the Abrasive & Sandpaper Manufacturing Industry?

    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.

    Industry Products
  • Coated abrasives
  • Bonded abrasives
  • Grain abrasives
  • Metal abrasives
  • Industry Activities
  • Artificial corundum
  • Sandpaper
  • Polishing and grinding wheels
  • Textile-backed abrasive product
  • Nonmetallic sized grains, powders and flour abrasives
  • Nonmetallic abrasive product, including diamond abrasives
  • Buffing wheels, polishing wheels and laps
  • Metal abrasives
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Value of construction
  • New car sales
  • Demand from mining
  • Trade-weighted index

  • Current Performance
  • Downstream market expansion
  • Importance of trade
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction and industrial markets continue to expand
  • Table: Abrasive & Sandpaper Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Abrasive & Sandpaper Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining
  • Construction
  • Wood Paneling Manufacturing
  • Metal Pipe & Tube Manufacturing
  • Machine Shop Services
  • Power Conversion Equipment Manufacturing
  • Cabinet & Vanity Manufacturing
  • Household Furniture Manufacturing
  • Car Body Shops

  • Key Selling Industries
  • Adhesive Manufacturing
  • Manufactured Home Wholesaling
  • Molybdenum & Metal Ore Mining
  • Paper Mills
  • Sand & Gravel Mining
  • Stone Mining
  • Textile Mills
  • Transportation and Warehousing
  • Utilities

  • Products & Services
  • Coated abrasives
  • Bonded abrasives
  • Grain abrasives
  • Metal abrasives
  • Chart: Abrasive & Sandpaper Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Automotive and off-highway vehicle manufacture
  • Fabricated metals, iron and steel manufacture
  • Exports
  • Housing, nonresidential building and highway construction
  • Durable and consumer goods manufacture
  • Electronics and telecommunications manufacture
  • Mining, mineral production and stone cutting
  • Chart: Major Market Segmentation for the Abrasive & Sandpaper Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Abrasive & Sandpaper Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Abrasive & Sandpaper Manufacturing Industry

  • Industry Globalization
    3M Company, Compagnie de Saint-Gobain,
  • Table: 3M Company - financial performance
  • Table: Compagnie de Saint-Gobain - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Abrasive & Sandpaper Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Abrasive & Sandpaper Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Industrial production index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Abrasives
  • Extremely hard materials which are used to shape other materials by grinding and are used either as coatings on cloth or paper, as loose grains, or as grinding wheels.
  • Bonded Abrasives
  • Abrasives commonly founded in grinding wheels and used for applications, such as grinding, sharpening and cutting.
  • Coated Abrasives
  • Abrasives commonly used in sanding belts, discs and sheets and used in a range of surface treatment applications, such as woodworking and floor sanding.
  • Ferrous
  • Metals that include the presence of iron.
  • Nonferrous
  • Metals other than iron and alloys that do not contain an appreciable amount of iron.
  • Whitegoods
  • Large machines used to accomplish routine housekeeping tasks, including cooking and food preservation, whether in a household, institutional, commercial or industrial setting.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Abrasive & Sandpaper Manufacturing is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Abrasive & Sandpaper Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Abrasive & Sandpaper Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Abrasive & Sandpaper Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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