COVID-19 Economic Impact Report: Global Abrasives
The global abrasives industry is facing a number of challenges as it deals with the impact of the COVID-19 pandemic. How has the macroeconomic environment changed and what does it mean for the global abrasives going forward?
COVID-19 Economic Impact Report: Global Abrasives looks at how the expected impact of the pandemic on the current macroeconomic environment compares to other major events since 2000, including the bursting of technology bubble, the SARS outbreak, the 2009 global downturn, and the European financial crisis. It also provides a historical view of global industry sales since 2000, a look at how the industry is being currently impacted, and estimates for global industry sales through 2023.
Abrasives are segmented into:
- nonmetallic coated abrasives
- nonmetallic bonded abrasives
- nonmetallic loose abrasive grains and powders
- metallic abrasives
Excluded from the scope of this study are abrasive-tipped cutting tools like drill bits, milling cutters, and saw blades.
Abrasives demand by market is presented for durable goods manufacturing, cleaning and maintenance, and other markets. The durable goods manufacturing market is further segmented into:
- transportation equipment
- electrical and electronic equipment
- fabricated metals
- other durable goods, such as primary metals, nonmetallic mineral products, and furniture and wood products
Other markets for abrasives include construction, resource extraction, and manufacturing of nondurable goods, such as cosmetic and toiletry products.
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