Product Code: ETC357444 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India steel grit market size stood at USD 38 million in 2018 and is predicted to expand significantly during the forecast period, recording a CAGR of 9%. This can be attributed to rising usage across various industries including automotive manufacturing sector for surface finishing operations like deburring & descaling processes or high pressure cleaning applications such as blast cleaning & shot peening activities among others. Furthermore , increasing focus towards cost optimization through automation implementation along with surging requirement for faster production cycles will propel overall industry outlook over upcoming years.
The India steel grit market is driven by several key drivers that influence its growth and adoption in various industries. One of the primary drivers is the rising demand from the construction and infrastructure sectors. Steel grit is extensively used for surface preparation, cleaning, and shot blasting in construction projects to achieve the desired surface texture and finish. The increasing number of construction projects and infrastructure development activities contribute to the growing demand for steel grit. Moreover, the automotive and manufacturing industries are significant drivers for the market. Steel grit is used in the automotive sector for cleaning and finishing automobile parts, such as engine components and chassis, to ensure optimal performance and appearance. In the manufacturing sector, steel grit is used for cleaning, deburring, and surface preparation of metal components, enhancing product quality and efficiency. Additionally, the shipbuilding and marine industries drive the demand for steel grit. Shipyards use steel grit for surface preparation and paint removal from ship surfaces to prevent corrosion and ensure vessel integrity. The growing shipbuilding activities and marine infrastructure development boost the adoption of steel grit in these industries. Furthermore, the metalworking and foundry sectors are key consumers of steel grit for cleaning and surface preparation of metal components. As these industries strive for improved product quality and operational efficiency, the demand for steel grit is expected to increase.
The India steel grit market faces various challenges that affect its growth and market penetration. One of the significant challenges is the availability of high-quality raw materials. Steel grit production requires specific steel grades, and obtaining consistent and reliable raw materials can be a challenge. Manufacturers need to establish strong supply chains and collaborate with reliable suppliers to ensure a steady flow of quality raw materials. Moreover, the market faces challenges related to safety and environmental regulations. The process of producing and handling steel grit involves health and safety risks, and manufacturers need to adhere to stringent safety standards. Additionally, there is increasing pressure on industries to adopt environmentally friendly abrasives, and manufacturers need to explore sustainable alternatives to traditional steel grit. Additionally, the intense competition in the market poses challenges for players. Several domestic and international manufacturers are operating in the steel grit segment, leading to price competition and pressure on profit margins. Manufacturers need to focus on product quality, performance, and customer service to differentiate themselves and gain a competitive edge.
The India steel grit market faced challenges during the COVID-19 pandemic as industrial activities, including construction and manufacturing, were temporarily halted due to lockdown measures. The demand for steel grit for surface preparation and shot blasting applications declined significantly during this period. The uncertainty in the market and disruptions in the supply chain also affected the availability of raw materials, impacting the production of steel grit. Moreover, the transportation restrictions and labor shortages further exacerbated the challenges faced by manufacturers in the steel grit market.
In the India steel grit market, several manufacturers play a crucial role in providing abrasive solutions to various industries. Companies like Ervin Industries, W Abrasives India, and Metaltec India Abrasives Limited are among the prominent players in this segment. They offer a range of steel grit products suitable for applications in surface preparation, shot blasting, and foundry industries. These players focus on product quality, performance, and reliability to cater to the diverse needs of their customers.