Abrasives Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/15/2017
SIC Codes: 3291
NAICS Codes: 32791
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Abrasives Manufacturing Industry Profile

Companies in this industry manufacture coated and bonded abrasive products, including grinding wheels, sandpaper, and abrasive grains. Major companies include 3M (US), Henan Huanghe Whirlwind (China), Noritake (Japan), Saint-Gobain (France), and Tyrolit (Austria).

The global abrasives manufacturing industry is forecast to grow by about 6% per year through 2021, reaching a value of $58 billion, according to MarketsandMarkets. Leading abrasives-producing countries include China, Germany, and Japan.

The US abrasives manufacturing industry includes about 250 companies with combined annual revenue of about $5 billion.

COMPETITIVE LANDSCAPE

Demand for manufactured industrial products is the major driver of sales for abrasives. The profitability of individual companies depends on efficient operations, as many products are considered commodities. Large companies enjoy economies of scale in purchasing. Small companies can compete effectively by specializing in products for particular manufacturing functions. The US industry is highly concentrated: the 50 largest companies generate about 90% of revenue.

Imports account for about 20% of the US market. The largest suppliers to the US are China, Canada, Mexico, and Germany. Exports, which make up about 20% of US production, go mainly to Mexico, Canada, and Germany.

PRODUCTS, OPERATIONS & TECHNOLOGY

Abrasive products are made of grains of hard minerals and are used to produce and maintain a wide variety of manufactured products made of metal, plastics, glass, and wood. Abrasives are used to shape materials through grinding; smooth surfaces during manufacture; remove surface layers of paint or corrosion; ...

 
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