The Abrasive Product Manufacturing industry produces abrasives for a range of applications from sanding to sawing. Subdued economic conditions negatively affected demand for industry products as downstream markets suffered. Construction and manufacturing operations both curtailed expenditure on abrasives as building and production activity stagnated. Key downstream markets eventually recovered, with strong demand from both manufacturing and construction sectors expected to drive industry revenue growth in 2014-15. However, the industry remains dogged by fluctuating foreign exchange conditions, volatile input costs and import competition.
Firms in this industry manufacture abrasive products such as sanding and grinding discs, sharpening stones, coated sanding blocs and sandpaper.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.