What is Global Metallic Abrasives Market?
The Global Metallic Abrasives Market is a vast and dynamic sector that encompasses a wide range of metallic materials used for abrasive purposes. These materials are typically hard and used in a variety of industries to cut, shape, or finish other materials through intense friction or rubbing. The market includes a variety of metallic abrasives such as steel shots, steel grits, cut wire shots, and others. These abrasives are used in various applications such as cleaning, surface preparation, and shot peening. The market is driven by factors such as the growing demand from end-use industries, technological advancements, and the increasing need for durable and efficient abrasives. The market's growth is also influenced by the increasing demand for high-quality finishes in various industries such as automotive, aerospace, and construction.
Carbon Steel, Iron, Others in the Global Metallic Abrasives Market:
The Global Metallic Abrasives Market is segmented based on the type of material used, which includes carbon steel, iron, and others. Carbon steel abrasives are widely used due to their high tensile strength and durability. They are commonly used in heavy-duty applications such as shipbuilding, construction, and pipeline manufacturing. Iron abrasives, on the other hand, are used in applications that require a softer touch, such as in the automotive and furniture industries. Other materials used in the market include stainless steel, aluminum, and copper. Each material has its unique properties and is chosen based on the specific requirements of the application. The choice of material also depends on factors such as cost, availability, and environmental impact.
General Industry, Automotive, Machinery, Others in the Global Metallic Abrasives Market:
The Global Metallic Abrasives Market finds its usage in various areas such as general industry, automotive, machinery, and others. In the general industry, metallic abrasives are used for tasks such as cleaning, deburring, and surface preparation. In the automotive industry, they are used in processes such as shot peening, which is used to improve the fatigue life of components. In the machinery industry, metallic abrasives are used to remove burrs and other imperfections from machine parts. Other areas where metallic abrasives are used include the aerospace industry, where they are used for surface preparation before painting or coating, and the construction industry, where they are used for tasks such as concrete surface preparation and rust removal.
Global Metallic Abrasives Market Outlook:
Looking at the market outlook, the Global Metallic Abrasives Market was valued at a significant US$ 2684.9 million in 2023. The market is expected to witness substantial growth, reaching an impressive value of US$ 4014.2 million by 2030. This growth represents a Compound Annual Growth Rate (CAGR) of 6.0% during the forecast period from 2024 to 2030. This positive growth trajectory indicates the increasing demand for metallic abrasives across various industries and the market's potential for further expansion in the coming years.
| Report Metric | Details |
| Report Name | Metallic Abrasives Market |
| Accounted market size in 2023 | US$ 2684.9 million |
| Forecasted market size in 2030 | US$ 4014.2 million |
| CAGR | 6.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Toyo Seiko, W Abrasives(Winoa), Ervin Industries, FROHN(Sinto), Chircu Prod-Impex, KrampeHarex, Shandong Kaitai, TAA Metal, Shandong Chuanyang, Pellets, Premier Shot, Trenchdare Engineering, Shandong Yongshun, Suntec Enterprises, Shandong Yafeite, Shandong Sea Mountain, Fengerda |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
