What is scope of the report?

The base year for the study has been considered 2019, historic year 2014 and 2018. Read More

What are the significant segments operating in the market?

Market is segmented on the basis. Read More

What are the vital market dynamics?

The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. Read More

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The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering. Read More

Cut Wire Shot Market by Type (Nickel, Zinc, Copper, Aluminum, Carbon Steel, Stainless Steel), Application (Shot Blasting, Surface Finish Medium, Processing of Stainless Steel, Wood & Plastics), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

Publish Date: Mar, 2020
Report ID: 417821
Category: Chemicals and Materials
Pages: 190

$4700

The global cut wire shot market is expected to grow from USD 921.65 million in 2019 to USD 1269.65 million by 2027, at a CAGR of 4.07% during the forecast period from 2020-2027.

Cut wire shot is a mono gain size abrasive, which is used for cleaning, tumbling, and peening. It has a cylindrical shape with sharp edges and used in wheel blast equipment. Cut wire shot also used in the shot pinning application of the general industry, aerospace, automotive, and oil & gas. The cut wires are highly durable in nature and can be made up of many materials such as nickel, zinc, copper, aluminum, carbon steel, stainless, and steel.

The global cut wire shot market is witnessing steady growth, owing to the rise in demand for the cut wire from various end-use applications. Cut wire shots are commonly used in the machinery, equipment, metallurgy, building materials, and in the shipbuilding for steel derusting. Due to its advantages, including low cost, thorough derusting, and high roughness properties, the demand for cut wire shot is rising in the market. However, the fluctuation in the raw material prices could hamper the market growth over the forecast period.

This study delivers a comprehensive analysis of type, application, and region. The type segment includes nickel, zinc, copper, aluminum, carbon steel, and stainless steel. The stainless steel segment held the dominant market share of 31.21% in terms of value in the year 2019. Stainless steel cut wire shots are being widely used in the various applications where ferrous contamination in blasting could be harmful to titanium, aluminum, or other non-ferrous work objects. In addition to this, it has significantly longer durability than the carbon cut wire shot or cast steel shots. Thus, with these increasing benefits, the use of stainless steel cut wire shot is increasing in the market. The application segment is classified into shot blasting, surface finish medium, processing of stainless steel, wood & plastics, and others. Processing of stainless steel, wood, & plastics segment is projected to grow at the highest CAGR of 4.98% over the forecast period. The cut wire shot helps to prevent contamination and rusting during the processing of stainless steel and offers excellent results due to its uniformity and strength. It is also used in the shot pinning process to create the plastic deformation. Thus, the increasing use of cut wire shots in different applications is likely to drive market growth over the forecast period.

The cut wire shot market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia Pacific region dominated the global cut wire shot market and held 42.35% market share in the year 2019, due to the presence of many local and international manufacturers in countries such as India and China. China is the largest producer and supplier of the cut wire shot in the world as well as in the Asia Pacific region.

Some of the prominent players in the cut wire shot market are Trenchdare, Baumbach Metall Gmbh, Sam Young Industrial, Chircu, Krampe Harex, R+K Draht, Toyo Seiko, Frohn, Asian Steel Industries, Rotocast, and Bakul Castings Pvt. Ltd. among others. Major players are continuously focusing on strategic partnerships, new developments, acquisitions, and venture capital investments to obtain high growth to gain a significant share in the market. In January 2018, Toyo Seiko announced that it had signed an agreement with the WINOA, the world leader in steel abrasives, to become a distributor for Toyo Seiko’s conditioned cut-wire shot.

This study forecasts revenue growth at global, regional, and country levels from 2013 to 2027. Fior Markets has segmented the on the basis of below-mentioned segments:

Global Cut Wire Shot Market Analysis And Forecast, By Type
- Nickel
- Zinc
- Copper
- Aluminum
- Carbon Steel
- Stainless Steel
Global Cut Wire Shot Market Analysis And Forecast, By Application
- Shot Blasting
- Surface Finish Medium
- Processing of Stainless Steel, Wood & Plastics
- Others
Global Cut wire shot Market Analysis And Forecast, By Regional Analysis
- North America
  - U.S.
  - Canada
  - Mexico
- Europe
  - Germany
  - France
  - Sweden
  - Netherland
  - U.K.
  - Italy
  - Spain
  - Turkey
  - Switzerland
  - Belgium
  - Rest Of Europe
- Asia-Pacific
  - Japan
  - China
  - India
  - South Korea
  - Australia
  - Singapore
  - Malaysia
  - Thailand
  - Indonesia
  - Philippines
  - Rest Of APAC
- South America
  - Brazil
  - Argentina
  - Peru
  - Colombia
  - Rest Of South America
- Middle East And Africa
  - UAE
  - Saudi Arabia
  - Egypt
  - Nigeria
  - South Africa
  - Rest of MEA

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Chapter 1 Introduction 16
    1.1 Research Methodology 16
    1.2 FMR desk research 17
          1.2.1 FMR data synthesis 18
          1.2.2 Data validation and market feedback 18
          1.2.3 FMR data sources 19

Chapter 2 Global Cut Wire Shot Market Overview 21
    2.1 Product Overview and Scope of Cut Wire Shot 21
    2.2 Cut Wire Shot Market Scope and Market Size Estimation 23
    2.3 Global Cut Wire Shot Value and Growth Rate from 2013- 2027 24
    2.4 Market Segmentation 25
          2.4.1 Types of Cut Wire Shot 25
                   2.4.1.1 Nickel Overview 28
                   2.4.1.2 Zinc Overview 29
                   2.4.1.3 Copper Overview 30
                   2.4.1.4 Aluminum Overview 31
                   2.4.1.5 Aluminum Overview 32
                   2.4.1.6 Carbon Steel Overview 33
                   2.4.1.7 Stainless Steel Overview 34
    2.5 Applications of Cut Wire Shot 35
                   2.5.1.1 Shot Blasting 38
                   2.5.1.2 Surface Finish Medium 39
                   2.5.1.3 Processing of Stainless Steel, Wood and Plastics 40
    2.6 Research Regions 41
                   2.6.1.1 North America Cut Wire Shot Production Value and Growth Rate (2013-2018E) 44
                   2.6.1.2 Europe Cut Wire Shot Production Value and Growth Rate (2013-2018E) 45
                   2.6.1.3 Asia Pacific Cut Wire Shot Production Value and Growth Rate (2013-2018E) 46
                   2.6.1.5 Middle East & Africa Cut Wire Shot Production Value and Growth Rate (2013-2018E) 48
                   2.6.1.7 South America Cut Wire Shot Production Value and Growth Rate (2013-2018E) 50
    2.7 Market Dynamics 51

Chapter 3 Industry Chain Analysis 52
          3.1.1 Industry Chain of Cut Wire Shot 52
    3.2 Upstream Market and Representative Suppliers Analysis 53
    3.3 Major Players of Cut Wire Shot 55
          3.3.1 Major Players Manufacturing Base and Market Share of Cut Wire Shot in 2017 55
          3.3.2 Upstream Suppliers Analysis 57
    3.4 Proportion of Manufacturing Cost Structure 59
          3.4.1 Labor Cost Analysis 60
                   3.4.1.1 USA Labor Cost Analysis 61
    3.1 Manufacturing Process Analysis 65

Chapter 4 Marketing Status Analysis of Cut Wire Shot 66
    4.1 Marketing Channel 66
          4.1.1 Direct Marketing 68
          4.1.2 Indirect Marketing 69
    4.2 Market Positioning 71
          4.2.1 Marketing Channel Future Trend 71
          4.2.2 Pricing Strategy 72
          4.2.3 Brand Strategy 75
    4.3 Distributors/Traders List 77
    4.4 Market Effect Factor 78
          4.4.1 Economic/Political Environmental Change 78
          4.4.2 Global Economy Analysis 79

Chapter 5 Global Cut Wire Shot Market, by Type 80
    5.1 Global Cut Wire Shot Value and Market Share by Type (2013-2018E) 80
    5.2 Global Cut Wire Shot Production and Market Share by Type (2013-2018E) 83
    5.3 Global Cut Wire Shot Value and Growth Rate by Type (2013-2018E) 86
          5.3.1 Global Cut Wire Shot Value and Growth Rate of Nickel 86
          5.3.2 Global Cut Wire Shot Value and Growth Rate of Nickel 87
          5.3.3 Global Cut Wire Shot Value and Growth Rate of Zinc 88
          5.3.4 Global Cut Wire Shot Value and Growth Rate of Copper 89
          5.3.5 Global Cut Wire Shot Value and Growth Rate of Aluminum 90
          5.3.6 Global Cut Wire Shot Value and Growth Rate of Carbon Steel 91
          5.3.7 Global Cut Wire Shot Value and Growth Rate of Carbon Stainless Steel 92
    5.4 Global Cut Wire Shot Price Analysis by Type (2013-2018E) 93
          5.4.1 Global Cut Wire Shot Price by Type (2013-2018E) 93

Chapter 6 Global Cut Wire Shot Market, by Application 95
    6.1 Global Cut Wire Shot Value and Market Share by Application (2013-2018E) 95
    6.2 Global Cut Wire Shot Consumption and Market Share by Application (2013-2018E) 98
    6.3 Global Cut Wire Shot Value and Growth Rate by Application (2013-2018E) 101
          6.3.1 Global Cut Wire Shot Value and Growth Rate of Shot Blasting 101
          6.3.2 Global Cut Wire Shot Value and Growth Rate of Surface Finish Medium 102
          6.3.3 Global Cut Wire Shot Value and Growth Rate of Processing of Stainless Steel, Wood and Plastics 103

Chapter 7 Global Cut Wire Shot Production, Value (USD) by Region (2013-2018E) 104
    7.1 Global Cut Wire Shot Value and Market Share by Region (2013-2018E) 104
    7.2 Global Cut Wire Shot Production and Market Share by Region (2013-2018E) 107
    7.3 Global Cut Wire Shot Production, Value, Price and Gross Margin (2013-2018E) 110
    7.4 North America Cut Wire Shot Production, Value, Price and Gross Margin (2013-2018E) 111
    7.5 Europe Cut Wire Shot Production, Value, Price and Gross Margin (2013-2018E) 112
    7.6 Asia Pacific Cut Wire Shot Production, Value, Price and Gross Margin (2013-2018E) 113
    7.8 Middle East & Africa Cut Wire Shot Production, Value, Price and Gross Margin (2013-2018E) 115

Chapter 8 Global Cut Wire Shot Production, Consumption, Export, Import by Regions (2013-2018E) 117
    8.1 Global Cut Wire Shot Consumption by Regions (2013-2018E) 117
    8.2 North America Cut Wire Shot Production, Consumption, Export, Import (2013-2018E) 119
    8.3 Europe Cut Wire Shot Production, Consumption, Export, Import (2013-2018E) 120
    8.4 Asia Pacific Cut Wire Shot Production, Consumption, Export, Import (2013-2018E) 121
    8.6 Middle East & Africa Cut Wire Shot Production, Consumption, Export, Import (2013-2018E) 123
    8.6 South America Cut Wire Shot Production, Consumption, Export, Import (2013-2018E) 123

Chapter 9 Cut Wire Shot Market Competition Status by Major Manufacturers 125
    9.1 Competitive Profile 125
    9.2 Major Players Production Value (USD) Share (2013-2018E) 127
    9.3 Trenchdare 128
          9.3.1 Company Basic Information 128
          9.3.2 Cut Wire Shot Product Introduction 130
          9.3.3 Trenchdare Production, Value, Price, Gross Margin 2013-2018E 131
    9.4 Baumbach Metall Gmbh 132
          9.4.1 Company Basic Information 132
          9.4.2 Cut Wire Shot Product Introduction 133
    9.5 Sam Young Industrial 134
          9.5.1 Company Basic Information 134
          9.5.2 Cut Wire Shot Product Introduction 135
          9.5.3 Sam Young Industrial Production, Value, Price, Gross Margin 2013-2018E 136
    9.6 Chircu 137
          9.6.1 Company Basic Information 137
          9.6.2 Cut Wire Shot Product Introduction 139
          9.6.3 Chircu Production, Value, Price, Gross Margin 2013-2018E 140
    9.7 Krampe Harex 141
          9.7.1 Company Basic Information 141
          9.7.2 Cut Wire Shot Product Introduction 142
          9.7.3 Krampe Harex Production, Value, Price, Gross Margin 2013-2018E 143
    9.8 R+K Draht 144
          9.8.1 Company Basic Information 144
          9.8.2 Cut Wire Shot Product Introduction 145
          9.8.3 R+K Draht Production, Value, Price, Gross Margin 2013-2018E 146
    9.9 Toyo Seiko 147
          9.9.1 Company Basic Information 147
          9.9.2 Cut Wire Shot Product Introduction 148
          9.9.3 Toyo Seiko Production, Value, Price, Gross Margin 2013-2018E 150
    9.10 Frohn 151
          9.10.1 Company Basic Information 151
          9.10.2 Cut Wire Shot Product Introduction 152
          9.10.3 Frohn Production, Value, Price, Gross Margin 2013-2018E 153
    9.11 Asian Steel Industries 154
          9.11.1 Company Basic Information 154
          9.11.2 Cut Wire Shot Product Introduction 156
    9.12 Rotocast 157
          9.12.1 Company Basic Information 157
          9.12.2 Cut Wire Shot Product Introduction 158
          9.12.3 Rotocast Production, Value, Price, Gross Margin 2013-2018E 159
    9.13 Bakul Castings Pvt. Ltd. 160
          9.13.1 Company Basic Information 160
          9.13.2 Cut Wire Shot Product Introduction 161
          9.13.3 Bakul Castings Pvt. Ltd. Production, Value, Price, Gross Margin 2013-2018E 163
    9.14 Suntec Enterprises 164
          9.14.1 Company Basic Information 164
          9.14.2 Cut Wire Shot Product Introduction 165
          9.14.3 Suntec Enterprises Production, Value, Price, Gross Margin 2013-2018E 167
    9.15 Vinayakashot Pvt. Ltd. 168
          9.15.1 Company Basic Information 168
          9.15.2 Cut Wire Shot Product Introduction 169
    9.16 Surface Engineering Company 170
          9.16.1 Company Basic Information 170
          9.16.2 Cut Wire Shot Product Introduction 171
    9.17 Production Value of Cut Wire Shot by Major Manufacturers 172

Chapter 10 Cut Wire Shot Market Forecast (2018-2027) 176
    10.1 Global Cut Wire Shot Production, Revenue and Growth Rate (2018-2027) 176
    10.2 Cut Wire Shot Market Forecast by Regions (2018-2027) 177
    10.3 Cut Wire Shot Market Forecast by Regions (2018-2027) 179
    10.4 Cut Wire Shot Market Forecast by Type (2018-2027) 181
          10.4.1 Global Cut Wire Shot Production Forecast by Type (2018-2027) 181
          10.4.2 Global Cut Wire Shot Production Share Forecast by Type (2018-2027) 182
    10.5 Cut Wire Shot Market Forecast by Application (2018-2027) 183
          10.5.1 Global Cut Wire Shot Production Forecast by Application (2018-2027) 183
          10.5.2 Global Cut Wire Shot Production Share Forecast by Application (2018-2027) 184

Chapter 11 Factors Influencing 185
11.1 Macro-Economic Factors 185

Chapter 12 Research Findings and Conclusion 190

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

Market research helps businesses strengthen a company’s position
Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
Market research helps in identifying the potential threats and opportunities associated with the business industry
Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

Data Collection
Data Synthesis
Market Deduction & Formulation
Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends.
Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information.

We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:

Export & Import Data
Business Information related to trade and its statistics
Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.

In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
Examining demographic along with psychographic segmentation for market evaluation
Analyzing the macro and micro-economic indicators for each demography
Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology.

Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.

The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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Health Technology Innovation
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Hi Rahul,
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Dear Siddhartha,
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ČESKÁ ZBROJOVKA A.S.

Dear Siddhartha,
The report looks good, and we believe the material mix is more realistic now. It is good to know you report “Net” Manufacturing Selling Price, as that can make a difference in how we view the numbers. The reports were great and we appreciate your working with us.
Thanks for all your help!