According to a Future Market Insights (FMI) analysis, the global mass finishing consumables market is anticipated to reach US$ 206.8 million by the end of 2022, registering a moderate rate of growth at less than 5% CAGR from 2022 to 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. The mass finishing consumables market in North America is anticipated to hold a market share of 18.7% by the end of 2029.
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The U.S. is projected to account for approximately 67.5% of the North America mass finishing consumables market in 2029. In 2022, the market is expected to grow by 4.9% year-on-year, reaching a valuation of US$ 26.1 Million by the end of 2022, and is anticipated to hold a market share of 12.6% in the global mass finishing consumables market share by 2029.
Key Takeaways – Global Mass Finishing Consumables Market
- Non-metallic abrasives provide more contact area during the 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 the 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 aluminium, brass, and zinc.
- Use of fixtures is an upcoming trend. This process increases the flow of media onto the component surface, thereby contributing to an increased finishing action.
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 capture new market opportunities.
Key Players Covered in the Mass Finishing Consumables Market Are:
- 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
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Key Segmentation of the Mass Finishing Consumables Market
By Media Type:
- Steel
- Ceramic
- Plastic
- Aluminum Oxide
- Others (Wood, Agro-based, Special Plastic, Porcelain)
By Application:
- Deburring
- Pressure Deburring
- Grinding
- Polishing
- Cleaning & Degreasing
- Descaling, Corrosion & Rust Removal
- Ball Furnishing
- Surface Finish & Refinement
By End-use Industry:
- Automotive
- Aerospace
- Construction
- Machine Tooling
- General Manufacturing
- Jewellery and Accessories
- Healthcare
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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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