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The Asia Pacific region is witnessing robust growth owing to rapid industrialisation and urbanisation. The exponential rise in population in many countries in the region is increasing the demand for housing and enclosed spaces. This, in turn, is resulting in a healthy growth of the construction industry. The extensive use of sandblasting media products such as aluminium oxide, steel grit, and glass, among others is propelling the market growth. Moreover, countries such as India and China are some of the leading producers of automobiles. Sandblasting media is used to remove paint and rust from the body of car or frame during the production of vehicles, consequently augmenting the industry growth. Additionally, the region is one of the biggest producers and consumers of consumer electronics, which use micro-abrasive blasting to provide precision and control in the manufacture and repair of electronic components, such as circuit board, resistors, and transistors. This is augmenting the market growth, hence contributing significantly to the overall growth of the sandblasting media industry.
Harsco Metals and Minerals (NYSE: HSC), one of the leading players, entered into a multiyear contract with JSW Steel, India’s largest steel exporter, to provide a range of mill services in January 2019. Under the contract, the company would provide on-site slag handling services, such as under-furnaces digging, ladle wrecking, and hot slag transport. Moreover, the contract improves the production of steel owing to the efficient on-site services of the company. In addition, this results in the rising demand for steel shot, steel grit, and aluminium oxide. The steel is produced with various innovations and cutting-edge technology. Such developments in the industry are expected to bolster the growth of the sandblasting media industry in the forecast period.
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The major players in the global market for sandblasting media are Abrasives Inc., Blastech, Crystal Mark Inc., Harsco Metals and Minerals, and Paul Auer Gmbh, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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