Market Overview:
The global steel abrasive market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for steel shot and grit from various end-use industries, such as water jet cutting, abrasive blasting, water filtration, and others. In addition, the growing demand for steel shot and grit in emerging economies is also contributing to the growth of this market.
Product Definition:
Steel Abrasive is a type of grinding wheel that is composed of an abrasive material bonded to a steel plate. It is used for grinding and polishing metals, plastics, and other materials.
Steel Shot:
Steel shot is a type of shot made from steel or other alloy. It is used as an abrasive in the form of small pieces and it's used for removing rust, paint, scale and other foreign objects from the surface to be polished or cleaned. Steel shots are available in different sizes with varying degrees of hardness depending upon its application.
Steel Grit:
Steel grit is a very small and very hard stone, usually made of silicon carbide or aluminum oxide. It is used in the steel industry as an abrasive for the production of steel. The product helps to remove rust from steel during the manufacturing process. It also provides a surface finish with better visibility which makes it suitable for use in various applications including automotive, construction equipment, household appliances and tools & machinery parts among others.
Application Insights:
The global demand for steel abrasives was dominated by the water jet cutting application segment, which accounted for a revenue share of over 60% in 2017. Steel shot is one of the most widely used products in water jet cutting applications as it helps remove scale from the cut surface and also provides superior Cutting Edge (UE) finish.
Water filtration is expected to be one of the fastest-growing segments owing to increasing use of steel shot products in this application due to its ability to remove Scale if any, Leftovers After Metalworking (LMR), metal chips and other small particles that get stuck inside pipes. The product also helps reduce Lubrication Fluid Losses (LFL) during fluid circulation operations thereby improving overall performance.
Regional Analysis:
Asia Pacific dominated the global steel abrasive market in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to increasing industrialization, especially in China and India. In addition, rising demand for steel shot as an ingredient in producing ceramic products such as tiles and sanitaryware is anticipated to drive product consumption over the next eight years.
The growing automotive industry coupled with rapid urbanization across emerging economies of Asia Pacific including India, Indonesia, Vietnam among others are projected to fuel product demand further.
Growth Factors:
- Increasing demand from end-use industries such as automotive, aerospace, and construction
- Rising popularity of steel abrasives in the global market
- Growing investments by leading players in research and development activities to develop new and innovative products
- Proliferation of online marketing channels that offer a wide range of steel abrasives products at competitive prices
- Expansion of distribution networks by key players to cater to the growing demand for steel abrasives across regions
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Abrasive Market Research Report
By Type
Steel Shot, Steel Grit
By Application
Water Jet Cutting, Abrasive Blasting, Water Filtration, Abrasive Powders, Others
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Steel Abrasive Market Report Segments:
The global Steel Abrasive market is segmented on the basis of:
Types
Steel Shot, Steel Grit
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Water Jet Cutting, Abrasive Blasting, Water Filtration, Abrasive Powders, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
Highlights of The Steel Abrasive Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Steel Shot
- Steel Grit
- By Application:
- Water Jet Cutting
- Abrasive Blasting
- Water Filtration
- Abrasive Powders
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Steel Abrasive Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Steel abrasive is a type of material that is used to remove paint, rust, and other contaminants from surfaces. It can also be used to create a smooth finish on metal.
Some of the major companies in the steel abrasive market are 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.
The steel abrasive market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Steel Abrasive Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Steel Abrasive Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Steel Abrasive Market - Supply Chain
4.5. Global Steel Abrasive Market Forecast
4.5.1. Steel Abrasive Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Steel Abrasive Market Size (000 Units) and Y-o-Y Growth
4.5.3. Steel Abrasive Market Absolute $ Opportunity
5. Global Steel Abrasive Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Steel Abrasive Market Size and Volume Forecast by Type
5.3.1. Steel Shot
5.3.2. Steel Grit
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Steel Abrasive Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Steel Abrasive Market Size and Volume Forecast by Application
6.3.1. Water Jet Cutting
6.3.2. Abrasive Blasting
6.3.3. Water Filtration
6.3.4. Abrasive Powders
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Steel Abrasive Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Steel Abrasive Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Steel Abrasive Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Steel Abrasive Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Steel Abrasive Demand Share Forecast, 2019-2026
9. North America Steel Abrasive Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Steel Abrasive Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Steel Abrasive Market Size and Volume Forecast by Application
9.4.1. Water Jet Cutting
9.4.2. Abrasive Blasting
9.4.3. Water Filtration
9.4.4. Abrasive Powders
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Steel Abrasive Market Size and Volume Forecast by Type
9.7.1. Steel Shot
9.7.2. Steel Grit
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Steel Abrasive Demand Share Forecast, 2019-2026
10. Latin America Steel Abrasive Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Steel Abrasive Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Steel Abrasive Market Size and Volume Forecast by Application
10.4.1. Water Jet Cutting
10.4.2. Abrasive Blasting
10.4.3. Water Filtration
10.4.4. Abrasive Powders
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Steel Abrasive Market Size and Volume Forecast by Type
10.7.1. Steel Shot
10.7.2. Steel Grit
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Steel Abrasive Demand Share Forecast, 2019-2026
11. Europe Steel Abrasive Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Steel Abrasive Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Steel Abrasive Market Size and Volume Forecast by Application
11.4.1. Water Jet Cutting
11.4.2. Abrasive Blasting
11.4.3. Water Filtration
11.4.4. Abrasive Powders
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Steel Abrasive Market Size and Volume Forecast by Type
11.7.1. Steel Shot
11.7.2. Steel Grit
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potetial Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Steel Abrasive Demand Share, 2019-2026
12. Asia Pacific Steel Abrasive Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Steel Abrasive Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Steel Abrasive Market Size and Volume Forecast by Application
12.4.1. Water Jet Cutting
12.4.2. Abrasive Blasting
12.4.3. Water Filtration
12.4.4. Abrasive Powders
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Steel Abrasive Market Size and Volume Forecast by Type
12.7.1. Steel Shot
12.7.2. Steel Grit
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Steel Abrasive Demand Share, 2019-2026
13. Middle East & Africa Steel Abrasive Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Steel Abrasive Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Steel Abrasive Market Size and Volume Forecast by Application
13.4.1. Water Jet Cutting
13.4.2. Abrasive Blasting
13.4.3. Water Filtration
13.4.4. Abrasive Powders
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Steel Abrasive Market Size and Volume Forecast by Type
13.7.1. Steel Shot
13.7.2. Steel Grit
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Steel Abrasive Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Steel Abrasive Market: Market Share Analysis
14.2. Steel Abrasive Distributors and Customers
14.3. Steel Abrasive Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. W Abrasives
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Airblast
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BlastOne
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Global Finishing Solutions
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Marco Group International
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Abrasives Inc.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Chesapeake Specialty Products
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Vulkan INOX GmbH
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. KrampeHarex
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Metaltec Steel Abrasive
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. BLASTRAC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Abrasive Shot
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Airblast Abrasives
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Surface Finishing Equipment Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
