Industry Analysis & Industry Trends
The Abrasive Product Manufacturing industry is expected to generate revenue of about £166.7 million in 2011-12, compared with £212 million in 2006-07 (yielding an average annual decline of about 4.7%). The industry suffered a major downturn in 2009-10, as falling construction and manufacturing activity cut the demand for abrasive products. After continuing to decline in 2010-11, industry revenue is expected to grow by about 3.5% in 2011-12, as demand revives. The industry is small, generating less than 0.01% of the United Kingdom's GDP and its net profit, before interest and tax, is expected to be about £19.3 million in 2011-12.
Imports of competing products are extremely large, meeting about 79.2% of the domestic market for abrasive products in 2011-12... purchase to read more
Industry Report - Starting a New Business Chapter
The industry has generally moderate barriers to entry, although they vary somewhat across the product range. Barriers to entry are higher for the production of more sophisticated products, such as bonded abrasives and superabrasives, where technology requirements and the development of new products are both are greater. The manufacture of abrasive grains has moderately high barriers to entry, consisting primarily of technological expertise and established links with raw material suppliers. Barriers to entry for coated products are lower, reflecting the simpler production processes. Established firms have widely recognised brand-names and any new entrants are likely to require substantial amounts of working capital before they can establish themselves in the market... purchase to read more