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

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

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