Abrasive & Sandpaper Manufacturing in Canada - Industry Market Research Report

Abrasive & Sandpaper Manufacturing in Canada - Industry Market Research Report

Abrasive & Sandpaper Manufacturing in Canada

The Abrasive and Sandpaper Manufacturing industry in Canada produces a diverse range of abrasive products used for grinding, sanding and polishing and various other applications across the construction, manufacturing and mining markets. Since the need for these applications is universal, international trade is essential and exports have historically accounted for a significant share of industry revenue. Over the five years to 2023, an expansion in Canadian manufacturing activity combined with robust demand from downstream markets and export markets throughout most of the period have led to modest industry revenue growth. Despite forecast revenue growth, the industry has endured significant volatility due to the spread of COVID-19 and heightened competition from low-cost producers such as China. Abrasive and Sandpaper Manufacturing industry revenue has been expanding at a CAGR of 4.0% over the past five years and is expected to total $804.7 million in 2023, when revenue will fall by an estimated 1.0%. Profit will also rise amid declining labour fees.

The Abrasive and Sandpaper Manufacturing industry in Canada manufactures natural and synthetic abrasive products including 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); superabrasives (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.