Abrasive Blasting Media Market size to grow at CAGR 6.2%, market value to reach USD 13.06 billion by 2030
Acumen Research and Consulting
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As per research conducted by?Acumen research and consulting, the global Abrasive Blasting Media Market size to grow at CAGR 6.2%, market value to reach USD 13.06 billion by?2030, for the forecast timeframe between 2022 and 2030?
What is Abrasive blasting??
It is also known?as sand blasting, which is a process where materials like as silica abrasives, glass beads, coal sag and others get?shot at high speeds through air tools across the surface of hard materials till?the surface gets cleared of any debris and gets?a smoother finish. The media or?material being used in the abrasive blasting is?proportional directly with difficulty in the level of debris removed together with?the impacted level which the materials can endure.?
Abrasive blasting media market?has been witnessing excellent?growth due to the rise in demand throughout various application like?metalwork, construction sector, as well as the aircraft maintenance. Major factors which are driving growth of this market include the technology development within the abrasive blasting tool and increase in usage of the robot blasting mechanism across the end usage industries, worldwide.?
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Abrasive Blasting Media Market Dynamics?
Increase in usage of the abrasive blast machinery in the domestic and industry wide applications together with the?increase in technology investments by the major?industry players has led to growth in abrasive blasting media market.?
The wide?usage of the abrasive blasting media within the automotive sector is projected?to change dynamics of the market in the near future. Although, the growth opportunities in the?Asian markets; together with?the growing consumer,?aviation and construction end usage industry are noted to be?major opportunities in the region for abrasive blasting media?market.?Some challenges are attributed to health hazard in association with?usage of materials like silica for?abrasion, with strict government rules and regulations.?
Region based analysis of Abrasive Blasting Media Market?
Asia-Pacific region is noted as the biggest contributor to growth of the abrasive blasting media market and will likely stay at the top for years to come given the rapid construction projects in China and India. Market for the Asia-Pacific region is projected further to see the highest growth given the growth of the durable products and goods division?along with the rise of?infrastructural spendings in the developing countries of the?region.?
Europe is the second largest market closely followed by North American region. . European markets for abrasive blasting media’s quite likely to rise at a considerable?rate given the increased?productivity capacity, growth in sales and rising demand for?the abrasive blasting medium from the steel, aerospace and automotive industries of the region.?
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