Durable goods: Recovery in downstream markets will spur industry growth

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...purchase to read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 12-17
0.2%
Forecast Growth 17-22
Profit
Employment
13,211
Businesses
308

Industry Threats & Opportunities

  • Construction market growth has led to increased industry demand
  • Decreasing demand for abrasives overseas has constrained industry revenue growth
  • Industry demand will increase as most downstream construction markets return to growth
  • Industry Report - Industry Products Chapter

    The industry produces a diverse range of products used in a variety of applications across downstream manufacturing, aerospace, telecommunications, construction and other markets. Abrasive products are manufactured using: raw materials (including natural minerals, diamonds, garnet, tripoli, pumice and silica sand); manufactured minerals (including fused alumina, silicon carbide and boron carbide); super abrasives (including synthetic diamond and cubic boron nitride); and metals (including steel and iron shot, grit and sand).Coated abrasivesCoated abrasives represent the largest product segment in terms of sales, accounting for an estimated 46.6% of industry revenue in 2017. Coated abrasive products are composed of backing, grain and a binder system. 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
  • US markets expand
  • Weak overseas demand tempers growth
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction and industrial markets continue to expand
  • Industry trends
  • Steady industry profit
  • 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
  • Housing, nonresidential building and highway construction
  • Fabricated metals, iron and steel manufacture
  • 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
    ProfitPurchasesWagesOther 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 (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Industrial production index (2008-2022)

  • 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 research report on Abrasive & Sandpaper Manufacturing contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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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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