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Abrasive & Sandpaper Manufacturing in the US - Industry Market Research Report

  • June 2016
  • -
  • Ibisworld
  • -
  • 36 pages

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Durable goods: Recovery in downstream markets will spur industry growth



Abstract

Abrasive & Sandpaper Manufacturing in the US

A rapid expansion in key customer markets after the recession has lead to an increase in Abrasive and Sandpaper Manufacturing industry revenue; however, much of this growth is the result of the industry expanding rapidly from a low recessionary base. In 2008 and 2009, the housing collapse and ensuing recession caused an unprecedented slump in construction markets and significant downturns in several crucial manufacturing industries, notably automotive and appliances. Nevertheless, a strong rebound, which started in the global construction, manufacturing and automotive sectors, boosted industry revenue. In the five years to 2021, industry revenue is projected to grow as the industry will benefit from an increase in housing starts and total construction spending.

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 (e.g. diamonds, garnet, and silica sand); manufactured minerals (e.g. fused alumina and silicon carbide); super abrasives (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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