Steel Grit Blasting Abrasive Market was valued at USD 0.85 Billion in 2022 and is projected to reach USD 1.30 Billion by 2030, growing at a CAGR of 6.10% from 2024 to 2030.
The Steel Grit Blasting Abrasive Market is expected to grow at a robust rate, with a projected Compound Annual Growth Rate (CAGR) of approximately 5.8% from 2022 to 2027. In 2022, the market size was valued at around USD 210 million, driven by the increasing demand in various industries such as construction, automotive, and shipbuilding. Steel grit abrasives are widely utilized for surface preparation, rust removal, and coating removal, which are critical processes in these sectors. The market is also benefiting from the rising awareness of eco-friendly and recyclable materials, as steel grit abrasives are known for their durability and reusability, making them a preferred choice over other abrasive materials. Additionally, the growing emphasis on infrastructure development in emerging economies is contributing significantly to the market's expansion.
Emerging market trends indicate a shift towards advanced blasting technologies and automation, which present lucrative opportunities for steel grit manufacturers and suppliers. The adoption of automated blasting systems is expected to streamline operations, reduce labor costs, and enhance efficiency, thereby boosting the market demand for high-quality steel grit abrasives. The market is also poised for growth due to the increasing application of steel grit in industrial machinery maintenance and refurbishment. Regions such as Asia-Pacific and Latin America are anticipated to witness substantial growth, driven by expanding manufacturing activities and a surge in construction projects. With these factors combined, the steel grit blasting abrasive market is set for a promising growth trajectory over the coming years.
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Vulkan INOX
Ervin
W Abrasives
Peerless Metal Powder & Abrasives Company
Metaltec Steel Abrasive Company
Airblast-Abrasives BV
Zibo TAA Metal Technology
Shandong Kaitai Group
Ouwen (Shandong) Metal Abrasives
RockRidge
BLASTECH
Blastrite
Burwell
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Grit Blasting Abrasive Market
Construction
Automobile
Energy
Shipbuilding
Agriculture
Others
Based on Types the Market is categorized into Below types that held the largest Steel Grit Blasting Abrasive market share In 2023.
GP Steel Grit
GL Steel Grit
GH Steel Grit
WGR Steel Grit
Others
Global (United States, Global 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 Grit Blasting 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 Grit Blasting Abrasive Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Steel Grit Blasting Abrasive Market, By Type
6. Global Steel Grit Blasting Abrasive Market, By Application
7. Global Steel Grit Blasting Abrasive Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Steel Grit Blasting Abrasive Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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