From GlobeNewswire: 2025-02-11 06:30:00

The global high carbon steel grit market was valued at US$ 2,464.3 million in 2024 and is projected to reach US$ 4,169.6 million by 2034, growing at a CAGR of 5.4%. This growth is driven by increased demand for durable materials in industrial applications like automotive, aerospace, and manufacturing.

The market for high carbon steel grit is expected to experience sustained growth due to rising industrial activities, technological innovations, and the need for high-performance materials. This grit is crucial for rust removal, surface preparation, and material integrity improvement, playing a critical role in modern manufacturing practices across various sectors.

Prominent market players in the high carbon steel grit market include Winoa, Airblast B.V., Ervin Industries, Burwell Technologies, and Blastrite. The market is expected to grow at a CAGR of 4% and reach US$ 4,169 million by 2034, with North America estimated to hold a market share of 2% in 2034.

Major players in the high carbon steel grit market are focusing on expansion strategies, product innovations, and strategic alliances to capture a larger share in the growing demand for high carbon steel grit in various industries. In June 2024, Winoa-2Effe Pvt Ltd opened a dedicated shot-peening facility in Pune, India, equipped with state-of-the-art technology for high-quality shot-peening services using steel grit.

In October 2024, Winoa collaborated with BK-I Innovative Technik to enhance its presence in the German surface treatment market, offering tailored solutions with improved support and availability of products. The global high carbon steel grit market continues to witness innovations and collaborations to meet the demands of various industries for efficient and durable materials.

Fact.MR provides unbiased analysis and insights into the global high carbon steel grit market, offering historical data from 2019 to 2023 and forecast statistics from 2024 to 2034. The market study covers various aspects, including product types, hardness of steel grit, grit size, production process, applications, end-use industries, and regional analysis.

Other related studies by Fact.MR include the global steel pipe coatings market, steel scrap market, steel tubes market, wear resistant steel plate market, and high-speed steel market. These studies offer valuable insights and forecasts into the respective markets, catering to the needs of businesses and industries seeking comprehensive market research and analysis. FACT.MR is a leader in business intelligence, providing in-depth analysis, market trends, and competitive landscapes. Their commitment to accuracy and reliability empowers businesses with crucial data and recommendations for informed decision-making.

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Read more at GlobeNewswire: High Carbon Steel Grit Market to Reach USD 4,169.6 Million