Investment opportunities in Steel Shots & Grits Industry.

Steel grit is used as an abrasive, the steel grit should be harder than the material it is abrading. Therefore, high carbon and high alloy steels are typically chosen to make steel grit. Steel grit is frequently made out of stainless steel so that no rust appears on the finished product, which could occur if plain carbon steel was used.

A steel shot abrasive consists of small, spherical pellet-type projectiles that are often made from carbon steel. Steel shot is widely used in various sheet peening and polishing applications and typically provides a smoother, more polished surface than many other types of blasting media.

Related Projects: - Engineering Goods Projects

Industrial Uses:-

Steel shot and grit address numerous sectors since cleaning, surface preparation or shot peening applications are used by many industries as a part of their construction, renovation or repair processes. The main industrial sectors employing steel abrasives are:-

Ø Automotive industry

Ø Construction

Ø Metallurgy

Ø Petrochemical industry

Industrial Applications:-

Cleaning: - Steel shot and grit are utilized in cleansing packages for elimination of loose cloth on steel surfaces. This type of cleansing is common in industry (motor blocks, cylinder heads, etc.).

Surface Preparation: - Surface preparation is a series of operations including cleaning and physical modification of a surface. Steel shot and grit are used in surface preparation process for cleaning metal surfaces which are covered with mill scale, dirt, rust, or paint coatings and for physically modifying the metal surface such as creating roughness for better application of paint and coating. The steel shots are generally employed in shot blasting machines.

Stone Cutting: - Steel grit is used in cutting troublesome stones, which incorporates granite. The grit is used in massive multi-blade frames that cut the blocks of granite into thin slices.

Shot Peening: - Shot peening is the repeated striking of a metal surface by hard shot particles. These multiple impacts produce a deformation on the metal surface but also improve the durability of the metal part. The media used in this application is spherical rather than angular. The reason is that spherical shots are more resistant to the fracture which happens due to the striking impact.

Other Applications:-

Ø Water Jet Cutting

Ø Abrasive Blasting

Ø Water Filtration

Ø Abrasive Powders

Market Outlook

The environment friendly nature of steel abrasives in terms of more recyclability and low waste generation is a driving factor for adoption of steel abrasives over a wide range of other similar abrasives. Demand for manufactured industrial products with high precision finish in end use industries is likely to trigger the sales of steel abrasives. Also, robust growth of the construction sector worldwide is expected to drive the steel abrasives market. Asia Pacific is expected to be the largest market for steel abrasives as it has shown significant growth in industrial application in the last five years. Some of the major economies with high growth potential for the market include India, China, Russia, Brazil, and South America.

The global Steel Grit market size was million US$ in 2019 and is expected to million US$ by the end of 2026, growing at a CAGR of between 2020 and 2026. The Steel Grit market growth is predicted at a rapid rate in the coming years, all the major regions across the globe such as North America, Europe, South America, the Middle East, and Africa and the Asia Pacific. Europe and North America regions are anticipated to show an upward growth in the years to come. While Steel Grit market in Asia Pacific regions is likely to show remarkable growth. Cutting edge technology and innovations are the most important traits of the North America region and that’s the reason most of the time the US dominates the global markets. Steel Grit Market in South, America region is also expected to grow in near future.

The expanding automotive industry is expected to drive the steel shots and grits market globally. Most of the demand is generated from the developing markets of emerging economies owing to rapid industrialization and the rising purchase power parity of the population of these economies. Some of the major economies with high growth potential for the market include China, India, Brazil, and South America. However, the development of better casting technologies, especially in the developed markets of North America and Europe, is expected to hamper the demand growth for steel shots and grits

Key Players:-

Ø Marco Group International

Ø Abrasives Inc.

Ø Vulkan INOX GmbH

Ø Metaltec Steel Abrasive

Ø BLASTRAC

Ø Abrasive Shot

Ø Airblast Abrasives

Ø W Abrasives

Ø Airblast

Ø 3M India Ltd.

Ø Grindwell Norton Ltd. • Hi-Tech Recycling (India) Pvt. Ltd. • Orient Steel & Inds. Ltd. • Rotocast Industries Ltd. • Silcal Metallurgic Ltd. • Vinayak Steels Ltd.

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