The global mass finishing consumables market is poised for significant growth in the coming years, as per a forecast by Future Market Insights (FMI). FMI, a leading market research firm, has predicted that the sales of mass finishing consumables will surge, reaching a valuation of US$ 288.7 million by the year 2029.
Sales of mass finishing consumables are primarily driven by the increasing demand for surface finishing from various end-use industries such as automotive, aerospace, and general and industrial engineering. As indicated in a new Future Market Insights (FMI) study, the global mass finishing consumables market is estimated to be valued at US$ 206.8 Million by the end of 2022, demonstrating moderate growth at a less than 5% CAGR during the forecast period, 2022 – 2029.
Mass finishing is a vital process in various industries, including manufacturing, automotive, aerospace, and electronics, among others. It involves the use of abrasive materials, polishing compounds, and other consumables to finish and refine the surfaces of metal, plastic, and other materials. This process is essential for achieving desired surface quality, improving product aesthetics, and enhancing performance.
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Key Takeaways – Global Mass Finishing Consumables Market
- Non-metallic abrasives provide more contact area during finishing process than metallic ones, thus enabling the dimensions of parts to stay intact. Furthermore, non-metallic abrasives are best suited for both wet and dry applications. This leads to growing preference for non-metallic abrasives (ceramic, plastic, and porcelain) over metallic abrasives (such as steel).
- Ceramic and plastic mass finishing consumables are estimated to account for more than 70% of total mass finishing consumables worldwide.
- Plastic mass finishing consumables are generally recommended for use with softer metals, such as aluminum, brass, and zinc.
- Use of fixtures is an upcoming trend. This process increases flow of media onto component surface, thereby contributing to an increased finishing action.
New entrants in the global mass finishing consumables market can benefit by penetrating emerging economies in East Asia, where substantial growth is seen in the manufacturing sector.
Implementation of digitization and automation technologies over conventional technologies in the production line, product innovation, and footprint expansion remain key strategies followed by mass finishing consumables manufacturers to enhance productivity and to capture new market opportunities.
Reducing Third-party Dependence for Finishing Services to Propel Market Growth
Sustainable growth of investment in the manufacturing sector is expected to play a key role in driving the growth of the mass finishing consumables market across the globe. From the perspective of end-use industries, surface finishing is used in almost in every industry for cleaning and refurbishing metallic and non-metallic parts. End users are dependent on third-party service providers, which increases production cost and negatively impacts profitable margins. The high cost involved influences such end users to opt for in-house surface and finishing technologies and to enhance productivity along with reducing cost and time.
Top Key Players
- Rösler Oberflächentechnik GmbH
- Norican Group
- Sintokogio, Ltd.
- Washington Mills
- Kramer Industries Inc.
- OTEC Präzisionsfinish GmbH
- Abrasive Finishing Inc.
- UM Abrasives Co.
- Vibra Finish Company
- Walther Trowal LLC
- Advanced Finishing Technologies
Strategic Market Insights: Before Investing in the Mass Finishing Consumables Market, Talk to Our Experts to Learn How Different Regions and Countries Shape the Industry. Contact Us Now! https://www.futuremarketinsights.com/ask-question/rep-gb-10691
What does the Report scale through?
A new market report on mass finishing consumables published by Future Market Insights brings to the fore a pin-point analysis of the market, and offers comprehensive information with historical demand data for 2014 – 2021 and forecast statistics for 2022 – 2029. The study offers insightful information on the global mass finishing consumables market based on various categories – media type (ceramic, plastic, steel, aluminium oxide, and others), application (deburring, pressure deburring, grinding, polishing, and ball furnishing, among others), and end-use industry (automotive, aerospace, machine tooling, general manufacturing, construction, healthcare, and jewellery & accessories), across seven regions.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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