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Sandblasting Media Global Market 2024 - Industry Analysis, Future Trends, Segmentation And Key Players
Sandblasting Media Global Market
According to The Business Research Company's, The sandblasting media market size has grown strongly in recent years. It will grow from $8.60 billion in 2023 to $9.32 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to rapid industrial expansion, increased infrastructure development projects, growing demand for refurbishment, increased focus on safety, and expansion in end-use industries.
The sandblasting media market size is expected to see strong growth in the next few years. It will grow to $12.95 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to the surge in demand for sustainable and eco-friendly sandblasting media options, growth in construction activities, expansion of the manufacturing sector, increased adoption in the automotive industry, rise in infrastructure projects, growing emphasis on maintenance and repair activities. Major trends in the forecast period include technological innovations in sandblasting media production processes, the development of recyclable and reusable sandblasting media, innovations in abrasive material, advancements in precision blasting technologies, and innovations in dust suppression and control systems.
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Market Drivers and Trends:
The growth of the construction industry is expected to propel the growth of the sandblasting media market going forward. The construction industry refers to the sector of the economy that involves the designing, building, and maintenance of structures such as buildings, bridges, roads, and infrastructure. The surge in the construction industry can be attributed to urbanization, infrastructure development, and increased demand for residential, commercial, and industrial properties. Sandblasting media is utilized in the construction industry to remove paint, rust, and debris from surfaces, preparing them for coating or restoration and ensuring optimal adhesion and durability of structures. For instance, in November 2023, according to the Office for National Statistics, a UK-based non-ministerial institution in charge of collecting and reporting national, regional, and local economic, demographic, and social data, overall new construction work increased by £18.16 billion ($19.89 billion) in 2022, with rises of 16.8% and 13.1% for both private and public new construction, respectively. Therefore, the growth of the construction industry is driving the growth of the sandblasting media market.
Major companies operating in the sandblasting media market are focusing on developing advanced solutions, such as innovative abrasive materials, to prepare surfaces and gain a competitive edge in the market. These innovative materials offer superior performance, efficiency, and sustainability across a wide range of surface preparation applications and industries. These materials can effectively remove rust, paint, coatings, and surface contaminants from various substrates, resulting in faster and more efficient surface preparation. For instance, in June 2021, Harsco Corporation, a US-based company that provides industrial services and engineered products, launched a new line of abrasive materials, the SURE/CUT innovative product line. This innovative product line aims to provide better value and environmental advantages to the blasting industry. It includes two main products, SURE/CUT Edge and SURE/CUT Velocity. SURE/CUT Edge offers reduced consumption rates and dust generation, along with low heavy metal and crystalline silica content, resulting in cost savings. SURE/CUT Velocity provides a superior cleaning rate, consumption rate, and quality of the finished product on various substrates and coatings.
Key Benefits for Stakeholders:
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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Major Key Players of the Market:
3M Company, Saint-Gobain Ceramics Materials, The Chemours Company, Saber Autonomous Solutions LLC, Harsco Metals And Minerals, Prince Minerals LLC, GMA Garnet Pty Ltd, Opta Minerals Inc., Barton International Inc., Hodge Clemco Ltd., SurfacePrep, Blastrite, Crystal Mark Inc., Sinterit Sp, Abrasives Incorporated, Media Blast And Abrasives Inc., The Armakleen Company, ABShot Tecnics, Paul Auer GmbH, Ensio Resources Inc., MHG Strahlanlagen GmbH, FERVI SpA, C.B. SABBIATRICI S.R.L., Kramer Industries Inc., Blastech Corporation
Sandblasting Media Market 2024 Key Insights:
• The sandblasting media market size is expected to see strong growth in the next few years. It will grow to $12.95 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.
• Construction Industry Surge Propels The Sandblasting Media Market Growth
• Innovative Materials Shaping The Sandblasting Media Market
• Asia-Pacific was the largest region in the sandblasting media market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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