Abrasive & Sandpaper Manufacturing in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: March 2024
NAICS 32791Revenue
$3.8bn
Past 5-Year Growth
Profit
$XX.Xm
Employees
10,857
Businesses
209
Wages
$XXX.Xm
Abrasive & Sandpaper Manufacturing in the US industry analysis
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. Demand from these markets fell because of a slowing manufacturing sector and volatile commodity prices. However, falling demand was restricted by a slight decrease in import competition. Also, in 2020, the pandemic contributed to falling demand from construction and industrial markets, as lockdowns and supply chain disruptions made industrial production difficult. Despite the pandemic passing, supply chain disruptions persisted and rising inflation hindered downstream markets such as construction and manufacturing, reducing demand for industry products. Overall, industry revenue has lagged at a CAGR of 3.0% to $3.8 billion over the past five years, including a 0.4% decline in 2024.
Trends and Insights
- Slow sales to automotive and construction customers have decreased revenue.The industry directly depends on the health of the domestic downstream industrial and construction market.
- Demand for industry products took a hit. Many projects in downstream markets were put on hold during the pandemic, which affected the level of demand for industry products.
- Some manufacturing plants are situated close to local abrasive grain producers. Access to less-expensive imports may negate any advantage in locating close to abrasive grain producers.
- Producers compete on the bases of quality and product differentiation. These major companies leverage their acquired economies of scale and cultivate a strong reputation, giving them an edge over the average industry manufacturers.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 3.0 % over the past five years, to reach an estimated $3.8bn in 2024.
Trends and Insights
Mixed feelings for the downstream market
- Industry revenue has decreased as current macroeconomic conditions in the United States have slowed growth in downstream markets.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Construction and industrial markets expand
- Industry revenue will increase as investments in the building construction market expand and industrial production increases.
Biggest companies in the Abrasive & Sandpaper Manufacturing in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
3m Company | 574.6 | 122.7 | 21.3 | |
Msc industrial direct co., inc. | 269.0 | 33.3 | 12.4 | |
Compagnie De Saint-Gobain | 236.8 | 24.6 | 10.4 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Coated abrasives, Bonded abrasives and Grain abrasives . Coated abrasives is the largest segment of the Abrasive & Sandpaper Manufacturing in the US.
Trends and Insights
Coated abrasives have become more popular
- Coated abrasive products are composed of backing, grain and a binder system. The main types of backings used are cloth and paper; alternatives are vulcanized fiber, non-woven webs, stitch-bonded fabrics and foils.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Plastic & Resin Manufacturing in the US
- Adhesive Manufacturing in the US
- Guns & Ammunition Manufacturing in the US
- Ball Bearing Manufacturing in the US
International industries
- Abrasive & Sandpaper Manufacturing in Canada
- Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing in Australia
- Abrasive Product Manufacturing in the UK
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Artificial corundum manufacturingSandpaper manufacturingPolishing and grinding wheels manufacturingTextile-backed abrasive product manufacturingNonmetallic sized grains, powders and flour abrasives manufacturingNonmetallic abrasive product manufacturing, including diamond abrasivesBuffing wheels, polishing wheels and lapsMetal abrasives manufacturingCompanies
3m CompanyMsc industrial direct co., inc.Compagnie De Saint-GobainPurchase this report to view all 3 major companies in this industry.
Related Terms
FERROUSNONFERROUSWHITEGOODSABRASIVESBONDED ABRASIVESCOATED ABRASIVESIndustry Code
NAICS 32791 - Abrasive & Sandpaper Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Slow sales to automotive and construction customers have decreased revenue.The industry directly depends on the health of the domestic downstream industrial and construction m...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Demand for industry products took a hit. Many projects in downstream markets were put on hold during the pandemic, which affected the level of demand for industry products.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Some manufacturing plants are situated close to local abrasive grain producers. Access to less-expensive imports may negate any advantage in locating close to abrasive grain ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Producers compete on the bases of quality and product differentiation. These major companies leverage their acquired economies of scale and cultivate a strong reputation, giv...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Increasing investment in sustainability across global production. 3M has continued to invest in accelerating its environmental goals to achieve carbon neutrality by 2050.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of 3m Company's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Msc industrial direct co., inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Compagnie De Saint-Gobain's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for 3m Company, and factors influencing its performance in the industry
- Description and key data for Msc industrial direct co., inc., and factors influencing its performance in the industry
- Description and key data for Compagnie De Saint-Gobain, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The industry adheres to strict environmental regulations. These regulations include air emissions, wastewater discharges, toxic substances, and the handling and disposal of s...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit has been stifled by volatile input prices and low demand. As the pandemic disrupted downstream markets like automobile manufacturing and construction, the industry gen...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Abrasive & Sandpaper Manufacturing in the US industry in United States in 2024?
The market size of the Abrasive & Sandpaper Manufacturing in the US industry in United States is $3.8bn in 2024.
How many businesses are there in the Abrasive & Sandpaper Manufacturing in the US industry in 2024?
There are 209 businesses in the Abrasive & Sandpaper Manufacturing in the US industry in United States, which has declined at a CAGR of 3.0 % between 2019 and 2024.
Has the Abrasive & Sandpaper Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Abrasive & Sandpaper Manufacturing in the US industry in United States has been declining at a CAGR of 3.0 % between 2019 and 2024.
What is the forecast growth of the Abrasive & Sandpaper Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Abrasive & Sandpaper Manufacturing in the US industry in United States is expected to grow.
What are the biggest companies in the Abrasive & Sandpaper Manufacturing in the US market in United States?
The biggest companies operating in the Abrasive & Sandpaper Manufacturing market in United States are 3m Company, Msc industrial direct co., inc. and Compagnie De Saint-Gobain
What does the Abrasive & Sandpaper Manufacturing in the US in United States include?
Artificial corundum manufacturing and Sandpaper manufacturing are part of the Abrasive & Sandpaper Manufacturing in the US industry.
Which companies have the highest market share in the Abrasive & Sandpaper Manufacturing in the US in United States?
The company holding the most market share in United States is 3m Company.
How competitive is the Abrasive & Sandpaper Manufacturing in the US industry in United States?
The level of competition is moderate and increasing in the Abrasive & Sandpaper Manufacturing in the US industry in United States.
