SELBYVILLE, Delaware, Jan. 19, 2022 /PRNewswire/ — According to report by Global Market Insights Inc., the blasting media market was valued at $9 billion in 2020 and is expected to exceed more than $14.8 billion by 2027, register with a 7.4% CAGR from 2021 to 2027. The report gives a detailed analysis of market size and estimates, competitive scenario, top winning strategies, hesitating market trends, drivers and opportunities, and major investment pockets.
Sandblasting Media Market
Sandblasting machines are used in tasks such as rust removal, paint removal and domestic civil repair work. The growing demand for sandblasting machines is primed to increase the consumption of sandblasting media. Growing adoption of sandblasting media in metal, construction, and automotive sectors is expected to drive the market growth over the forecast period.
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Aluminum oxide is commonly used as a blasting agent on glass, wood, and metal, among other materials, due to its aggressive nature. Driven by the widespread adoption of aluminum oxide-based media in the construction industry, the aluminum oxide-based products segment is expected to register solid growth throughout the period of the study.
The main reasons for Blasting Media Market Growth:
Forecasts for 2027 show that the “automotive” segment retains its dominance:
As for the end-user, the automotive industry segment is expected to show steady development at around 7% CAGR over the estimated period. Sandblasting can easily remove rust, powder coating, paint, putty and chrome. Thus, it is used in automotive restoration to remove rust and repaint to achieve a high quality finish on vehicles, such as cars, among other applications. Soaring usage of automotive sandblasting is expected to drive the growth of the segment throughout the forecast period.
Europe will maintain its leading status in terms of turnover:
The European Sandblasting Media Market is expected to reach over 15% of the overall industry revenue by the end of 2027, exhibiting steady growth throughout the assessment period owing to the proliferation of domestic sandblasting industries. metallurgy and automotive. Germany contributes a significant share of the regional market. The widespread presence of companies in Germany that offer blasting services is likely to have a positive impact on the product landscape. Moreover, the growth of the countries i.e. Russia, France and others would boost the construction and metalworking activities, which are poised to fuel the development of the regional market.
Meanwhile, the Asia Pacific blasting media market is expected to grow at a high CAGR during the review period. Technological innovations, along with the expansion of the metallurgy sector in APAC, are expected to boost the regional market prospects in the future.
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Impact of the COVID-19 pandemic on Sandblasting media market:
The COVID-19 outbreak has negatively impacted various industries including metallurgy, aerospace, automotive, construction and marine. Due to strict government restrictions, raw material and labor shortages, and supply chain disruptions, there was a sharp decline in construction and manufacturing activity at the onset of the pandemic. However, with the increasing focus on accelerating economic recovery and vaccination campaigns across the world, the market has regained its pre-COVID momentum in recent years.
Main market players:
Some key companies operating in the global blasting media industry are ATI Black Diamond Granules Inc., Abrasives Inc., Barton International, Opta Minerals Inc., Cym Materiales SA, Eisenwerk Würth GmbH, Prince Minerals LLC, GMA Garnet, Harsco Metals & Minerals, Crystal Mark Inc., The Chemours Company, Blastech and US Minerals Inc, among others.
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and consulting services. Offering syndicated and custom research reports, growth advisory and business intelligence services, Global Market Insights Inc. aims to help clients with penetrating insights and actionable market data that facilitates strategic decision-making.
Arun HegdeCorporate Sales, USAGlobal Market Insights Inc. [email protected] The Web:
SOURCE Global Market Insights Inc.
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