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          1. Abrasives Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 6/15/2020
            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), Robert Bosch (Germany), Saint-Gobain (France), and Tyrolit (Austria).

            The global abrasives manufacturing industry is forecast to grow by nearly 6% per year through 2023 to reach a value of about $56 billion, according to MarketsandMarkets. Leading abrasives-producing countries include China, Germany, and Japan.

            The US abrasives manufacturing industry includes about 300 establishments (single-location companies and units of multi-location 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 25% 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; ...

             
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