Steel Abrasive Market size is estimated to be USD 4.5 Billion in 2024 and is expected to reach USD 6.8 Billion by 2033 at a CAGR of 5.5% from 2026 to 2033.
The global steel abrasive market was valued at approximately USD 3.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. The market is expected to reach USD 5.4 billion by 2030. North America, Europe, and Asia Pacific are key regions contributing to the markets growth. Asia Pacific dominates the steel abrasive market, accounting for around 45% of the market share in 2022. The region’s strong manufacturing base and increasing industrial activities, particularly in countries like China and India, are major drivers. In Europe, the market size was valued at approximately USD 700 million in 2022, and it is expected to grow steadily due to ongoing investments in automotive and aerospace industries. North America is also witnessing growth, particularly in the United States, where the market was valued at USD 500 million in 2022, driven by high demand from the construction, automotive, and manufacturing sectors.
Opportunities in the steel abrasive market are abundant in emerging economies, with the automotive, construction, and aerospace sectors being the primary end users. Increasing demand for surface preparation, cleaning, and finishing processes in these industries is expected to further fuel market expansion. Additionally, the growing preference for eco friendly and recyclable abrasives is expected to create opportunities for market players to innovate and meet consumer demand. The market in Latin America and the Middle East is also showing growth potential, driven by infrastructure development and industrialization. As a result, the market is poised to experience significant growth across these regions in the coming years.
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W Abrasives
Airblast
BlastOne
Global Finishing Solutions
Marco Group International
Abrasives Inc
Chesapeake Specialty Products
Vulkan INOX GmbH
KrampeHarex
Metaltec Steel Abrasive
BLASTRAC
Abrasive Shot
Airblast Abrasives
Surface Finishing Equipment Group
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Steel Abrasive Market
Steel Shots
Steel Grits
Steel Cut Wire
Aerospace
Automotive
Construction
Shipbuilding
Foundry
Mining
Round
Angular
Direct Sales
Distributors
Industrial Manufacturing
Maintenance & Repair
Surface Finishing
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Steel Abrasive Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Steel Abrasive Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Steel Abrasive Market, By Type
6. Global Steel Abrasive Market, By Application
7. Global Steel Abrasive Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Steel Abrasive Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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