Mass Finishing Consumables Industry Aims for US$ 288.7 Million by 2029 with 4.9% Growth

Mass Finishing Consumables Market

The global mass finishing consumables industry is poised for substantial growth, fueled by rising demand for surface finishing across various end-use industries, a growing preference for in-house finishing processes, and the expanding adoption of digital control systems. According on these trends, FMI expects the market to be worth $288.7 million by 2029.

According to Future Market Insights (FMI), the global market for mass finishing consumables will rise by 4.7% year on year in 2021. The demand for mass finishing consumables is expected to grow at a 4.9% CAGR between 2022 and 2029. Future Market Insights (FMI) predicts that the market will be valued more than US$206.8 million in 2022.

Access Your Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-10691

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.

Get Instant Access to the Brochure:
https://www.futuremarketinsights.com/reports/brochure/rep-gb-10691

Top Key Players in the Industry

  • 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

Key Segmentation

By Media Type:

  • Steel
  • Ceramic
  • Plastic
  • Aluminum Oxide
  • Others (Wood, Agro-based, Special Plastic, Porcelain)

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.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these