NEWARK, Delaware, April 25, 2022 (GLOBE NEWSWIRE) — According to Future Market Insights (IMF) research, the global mass finishing consumables market is expected to be valued at US$206.8 million end of 2022, posting moderate growth at a 5% CAGR during the forecast period, 2022 – 2029.
Sales of mass finishing consumables are primarily driven by the growing demand for surface finishing from various end-use industries such as automotive, aerospace, and general and industrial engineering. The North America mass finishing consumables market is expected to hold a market share of 18.7% by the end of 2029.
The United States is expected to account for approximately 67.5% of the North American mass finishing consumables market in 2029. In 2022, the market is expected to grow 4.9% year-over-year, reaching a valuation of US$26.1 million at the end of 2and 022and is expected to hold a market share of 12.6% of the global mass finishing consumables market share by 2029.
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A list of key players covered by the Market A for mass finishing consumablesregarding:
- Rösler Oberflächentechnik GmbH
- Norica Group
- Sintokogio, Ltd.
- Washington Mills
- Kramer Industries Inc.
- OTEC Präzisionsfinish GmbH
- Abrasive Finishing Inc.
- UM Abrasives Co.
- Vibra finishing company
- Walther Trowal LLC
Browse Detailed Abstract of Research Report with TOC:
Key Takeaways – Global Mass Finishing Consumables Market
- Non-metallic abrasives provide a larger contact surface during the finishing process than metallic abrasives, allowing part dimensions to remain intact. Additionally, 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).
- It is estimated that ceramic and plastic mass finishing consumables account for more than 70% of the total mass finishing consumables worldwide.
- Plastic mass finishing consumables are generally recommended for use with softer metals, such as aluminum, brass and zinc.
- The use of light fixtures is an upcoming trend. This process increases the flow of media to the surface of the component, contributing to increased finishing action.
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New entrants to the global mass finishing consumables market can benefit from penetrating emerging economies in East Asia, where substantial growth is being seen in the manufacturing sector.
Implementation of digitization and automation technologies over conventional technologies in the production line, product innovation and footprint expansion remain the key strategies followed by mass finishing consumable manufacturers to improve productivity and seize new market opportunities.
Reduce Third-Party Reliance on Finishing Services to Propel Market Growth
Sustained growth in investment in the manufacturing sector is expected to play a key role in the growth of the mass finishing consumables market across the globe. From the perspective of end-use industries, surface finishing is used in almost every industry for cleaning and refinishing metal and non-metal parts.
End users depend on third-party service providers, which increases production costs and negatively impacts profit margins. The high cost involved drives these end users to opt for in-house surface and finishing technologies and improve productivity while reducing cost and time.
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Interested in more information?
A new report on Mass Finishing Consumables Market published by Future Market Insights highlights an accurate analysis of the market and offers comprehensive insights with historical demand data for 2014 – 2021 and forecast statistics for 2022 – 2029. The study offers insightful insights into the global Mass Finishing Consumables market based on various categories – medium type (ceramic, plastic, steel, aluminum oxide, and others), application (deburring, pressure deburring, grinding, polishing and ball supply, among others) and end-use industry (automotive, aerospace, machine tools, general manufacturing, construction, healthcare, jewelry and accessories), across seven regions.
1.1. Global Market Outlook
1.2. Market overview
1.3. Demand Side Trends
1.4. Supply-side trends
1.5. Analysis and recommendations
2. Presentation of the market
2.1. Market Taxonomy
2.2. Market definition
3. Key Market Trends
4. Key success factors
5. Global Mass Finishing Consumables Market Demand Analysis 2014-2018 and Forecast, 2019-2029
5.1. Historical Market Volume Analysis (TONNES), 2014-2018
5.2. Current and Future Market Volume Projections (TONNES), 2019-2029
5.3. Analysis of annual growth trends
6. Global Mass Finishing Consumables Market – Price Analysis
6.1. Regional Price Analysis by Region
6.2. Prize Breakdown
6.2.1. Manufacturer Level Pricing
6.3. Comparative analysis of world average prices
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