According to Future Market Insights (FMI), the global mass finishing consumables market registered a year-on-year (YoY) growth of 4.7% in 2021. Demand in the mass finishing consumables market is projected to grow at a value of 4.9% CAGR between 2022 and 2029. Future Market Insights (FMI) forecasts the market value to top US$ 206.8 Million in 2022.
| Attribute | Details |
|---|---|
| Mass finishing consumables Value (2021A) | US$ 197.2 Million |
| Mass finishing consumables Value (2022E) | US$ 206.8 Million |
| Mass finishing consumables Value (2029F) | US$ 288.7 Million |
| Value CAGR (2022 to 2029) | 4.9% |
| Collective Value Share: Top 3 Countries (2021A) | 43.7% |
Heightened demand for surface finishing from end-use industries, along with a preference for in-house surface finishing with growing usage of digital control systems will continue pushing sales in the mass finishing consumables market. Considering this, FMI has forecast the global mass finishing consumables sales to reach a valuation of US$ 288.7 Million in 2029.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 4.5% |
| H1,2022 Projected (P) | 5.0% |
| H1,2022 Outlook (O) | 5.2% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 20 ↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 70 ↑ |
Future Market Insights presents a thorough study of the worldwide mass finishing consumables market for the preceding two years based on a six-month timeframe in this half-yearly research.
The study demonstrates how the anticipated CAGR from its previous report compares to the actual and updated CAGRs after taking into account all the macro-economic trends and industry trends changes that have occurred this year. According to the study, the business has grown quickly as a result of the increased demand for consumables for mass finishing across several end-use industries.
Sales of Mass Finishing consumables have recently surged as a result of the sharp growth in demand for surface-finishing products. According to FMI analysis, the variation between the BPS values observed in the mass finishing consumables market in H1, 2022 - Outlook over H1, 2022 Projected reflects a hike of 20 units. Moreover, compared to H1, 2021, the market is expected to spike by 70 BPS in H1 -2022.
Substantial growth in the manufacturing industry has been observed worldwide. Mass finishing consumables find a key role in metal production. Mass finishing operations are known to enhance the finishing of the metal products produced. With the increase in metal fabrication demand, sales of mass finishing consumables are also growing at a rapid pace.
Despite such high growth prospects of mass finishing consumables, certain challenges lie ahead in the success path for the growth of the market. Cutting-edge manufacturing technologies have made high-precision manufacturing possible which is expected to shrivel the growth rate of mass finishing consumables over the forecast period.
Sales of mass finishing consumables increased at a 4.7% CAGR, between 2014 and 2021, with countries such as the USA, China, Japan, Canada, and Germany accounting for a substantial portion of the global market. Sales prospects in 2020 and 2021 were dampened due to the outbreak of the COVID-19 pandemic, which reduced the demand for mass finishing consumables from several end-use domains such as automotive, aerospace, and construction.
Increasing demand for aesthetic and decorative as well as smooth finish parts and components for various operations and applications are likely to enhance the consumption of mass finishing media across various end-use industries.
Trade policy upgrades, increasing application areas, and advancing e-commerce are also expected to bode well for the global mass finishing consumables market in the forthcoming years. As a result, the mass finishing consumables market is projected to grow by value, at a 4.9% CAGR during the forecast period of 2022 to 2029.
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Across the globe, the manufacturing sector is an essential component of the gross domestic product and holds more than a 16% share of the global economy. According to the Manufacturers Alliance for Productivity and Innovation (MAPI) Foundation, manufacturing is forecasted to witness faster growth than the general economy. Moreover, increased capital growth and higher exports are also expected to boost manufacturing and product production.
Favorable government conditions for manufacturers such as tax cuts, increased productivity, rising wages in emerging markets, etc., will accelerate the manufacturing sector growth in the upcoming years. Mass finishing consumables are utilized across various industries for the metal finishing, which makes up a major chunk of manufacturing processes in different industries.
The surge in manufacturing to meet the constant demand from the population is expected to provide an impetus to the demand for mass finishing consumables and urge manufacturers to boost their production and supply of the consumables.
As per FMI, China is projected to account for nearly one-fourth of the global market share, creating an incremental opportunity of above US$ 26.2 Million in 2029.
China is expected to remain the top-notch producer of mass finishing consumables across the globe. The country is a global leader in the automotive industry and is severely increasing production in the same, in the coming years. This is expected to augment the growth of the mass finishing consumables market in China.
The USA is projected to account for approximately 67.5% of the North American 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.
In the USA, the domestic medical device manufacturing industry is very robust and hosts some of the largest med-tech corporations in the world. This is an important factor propelling the demand for mass finishing consumables in North America. Moreover, the presence of leading companies like Kramer Industries Inc. and Washington Mills is expected to bolster the growth of this chemical in the country.
Germany is projected to account for 28.5% of the Europe mass finishing consumables market share in 2029. The country is home to some leading players in the mass finishing consumables market. Companies such as Rösler Oberflächentechnik GmbH, and OTEC Präzisionsfinish GmbH, with their profit-bearing growth strategies and product innovations, are expected to propel sales of mass finishing consumables over the assessment period.
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Sales of ceramic mass finishing consumables are expected to grow at an impressive value of 5.2% CAGR, over the forecast period of 2022 to 2029.
Ceramic mass finishing consumables are becoming increasingly preferred with future projections of the market indicating a higher demand for the same in the near future. This increase in sales can be attributed to the excellent thermal and electrical insulation properties of ceramic mass finishing consumables.
Ceramic media are most commonly used for deburring, radioing, and descaling, but can be used for cleaning, burnishing, and surface refinement as well. These are available without abrasives for polishing, and with extremely aggressive abrasives to process parts with heavy burrs, sharp edges, or deep machine lines. Owing to these factors, sales of ceramic mass finishing consumables are projected to increase over the forecast period.
Amongst the various applications, the deburring segment is projected to create an absolute dollar opportunity of more than US$ 25.4 Million during the period of 2022 to 2029 and account for close to two-fourths share in the global mass finishing consumables market.
Deburring has the widest application in the mass finishing process due to the must requirement of removing raised particles and shavings from the produced product surfaces. This will continue providing tailwinds to mass finishing consumables sales over the assessment period.
The automotive end-use industry segment is projected to account for more than 27.7% of the total market share by 2029. The sales are anticipated to experience a year-over-year rate of 5.6% in 2022.
The rising on-road fleet has created a surge in requirement for surface finishing for automotive, resulting in lucrative growth opportunities for the mass finishing equipment, which in turn, is expected to propel the demand for mass finishing consumables for various manufacturing operations. Moreover, robotic finishing machines are also used in manufacturing industries such as automotive manufacturing plants, the aerospace industry, and medical equipment, among others. Therefore, the growing demand for robots is expected to stimulate the sales of mass finishing equipment in the upcoming years.
Leading players operating in the mass finishing consumables market are investing in strategic acquisitions, and are focusing on the development and launch of new brands for mass finishing consumables. Apart from this, players are focusing on expanding their production capacities to serve more end users, in order to gain a competitive edge.
For instance:
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2029 |
| Historical Data Available for | 2016 to 2021 |
| Market Analysis | USD Million for Value and Tons for Volume |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand, GCC Countries, Northern Africa, and South Africa |
| Key Segments Covered | Media Type, Application, End-use Industry, and Region |
| Key Companies Profiled | 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; Rotomex S.A. de C.V.; Spaleck Oberflächentechnik GmbH & Co. KG.; Tipton Corp. |
| Report Coverage | Market Forecast, Brand Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The mass finishing consumables market reached a valuation of US$ 197.2 Million in 2021.
The mass finishing consumables market experienced moderate growth, exhibiting a 4.7% CAGR between 2014 and 2021.
An increase in strategic acquisitions, the adoption of new technologies to increase the flow of media, and a growing preference for non-metallic abrasives over metallic ones are driving sales of mass finishing consumables.
China's mass finishing consumables market is projected to grow at an impressive 6.3% CAGR during the forecast period.
The mass finishing consumables market in North America is anticipated to hold a market share of 18.7% by the end of 2029.
The USA is anticipated to hold a market share of 12.6% in the global mass finishing consumables market share by 2029.
1. Executive Summary | Mass Finishing Consumables Market 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. Market Introduction 2.1. Market Taxonomy 2.2. Market Definition 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2014 to 2018 and Forecast, 2019 to 2029 5.1. Historical Market Volume (TONS) Analysis, 2014 to 2018 5.2. Current and Future Market Volume (TONS) Projections, 2019 to 2029 5.3. Y-o-Y Growth Trend Analysis 6. Global Market - Pricing Analysis 6.1. Regional Pricing Analysis By Region 6.2. Pricing Break-up 6.2.1. Manufacturer-Level Pricing 6.3. Global Average Pricing Analysis Benchmark 7. Global Market Demand (in Value or Size in US$ Million) Analysis 2014 to 2018 and Forecast, 2019 to 2029 7.1. Historical Market Value (US$ Million) Analysis, 2014 to 2018 7.2. Current and Future Market Value (US$ Million) Projections, 2019 to 2029 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Viewpoint 8.1. Global Economic Outlook 8.2. Regional Economic Outlook 8.3. Macro-economic Factors Overview: 8.3.1. Global Automotive Industry Outlook 8.3.2. Global Aerospace Industry Outlook 8.3.3. Global Industry Value Added 8.3.4. Global Manufacturing Value Added 8.3.5. Global Healthcare Expenditure Outlook 8.4. Porter’s Five Analysis 8.5. Forecast Factors: Relevance and Impact 8.6. Value Chain 8.7. Market Dynamics 8.7.1. Drivers 8.7.2. Restraints 8.7.3. Opportunity 9. Global Market Analysis 2014 to 2018 and Forecast 2019 to 2029 By Media Type 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) and Volume (TONS) Analysis By Media Type, 2014 to 2018 9.3. Current Market Size (US$ Million) and Volume (TONS) Forecast By Media Type, 2019 to 2029 9.3.1. Ceramic 9.3.2. Plastic 9.3.3. Steel 9.3.4. Aluminium Oxide 9.3.5. Others 9.4. Market Attractiveness Analysis By Media Type 9.5. Market Absolute $ Opportunity Analysis by Media Type 10. Global Market Analysis 2014 to 2018 and Forecast 2019 to 2029 By Application 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) and Volume (TONS) Analysis By Application, 2014 to 2018 10.3. Current Market Size (US$ Million) and Volume (TONS) Forecast By Application, 2019 to 2029 10.3.1. Deburring 10.3.2. Pressure Deburring 10.3.3. Grinding 10.3.4. Polishing 10.3.5. Cleaning & Degreasing 10.3.6. Descaling, Corrosion & Rust Removal 10.3.7. Ball Furnishing 10.3.8. Surface Finish & refinement 10.4. Market Attractiveness Analysis By Application 10.5. Market Absolute $ Opportunity Analysis by Application 11. Global Market Analysis 2014 to 2018 and Forecast 2019 to 2029 By End-Use Industry 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Million) and Volume (TONS) Analysis By End Use Industry, 2014 to 2018 11.3. Current Market Size (US$ Million) and Volume (TONS) Forecast By End Use Industry, 2019 to 2029 11.3.1. Automotive 11.3.2. Aerospace 11.3.3. Construction 11.3.4. Machine Tooling 11.3.5. General Manufacturing 11.3.6. Jewelry and Accessories 11.3.7. Healthcare 11.4. Market Attractiveness Analysis By End Use Industry 11.5. Market Absolute $ Opportunity Analysis by End-Use Industry 12. Global Market Analysis 2014 to 2018 and Forecast 2019 to 2029 By Region 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ Million) and Volume (TONS) Analysis By Region, 2014 to 2018 12.3. Current Market Size (US$ Million) and Volume (TONS) Forecast By Region, 2019 to 2029 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. South Asia 12.3.5. East Asia 12.3.6. Oceania 12.3.7. Middle East and Africa 12.4. Market Attractiveness Analysis By Region 12.5. Market Absolute $ Opportunity Analysis by Region 13. North America Market Analysis 2014 to 2018 and Forecast 2019 to 2029 13.1. Introduction 13.2. Pricing Analysis By Country 13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2018 13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2019 to 2029 13.4.1. By Country 13.4.1.1. USA 13.4.1.2. Canada 13.4.2. By Media Type 13.4.3. By Application 13.4.4. By End Use Industry 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Media Type 13.5.3. By Application 13.5.4. By End Use Industry 13.6. Drivers and Restraints - Impact Analysis 14. Latin America Market Analysis 2014 to 2018 and Forecast 2019 to 2029 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2018 14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2019 to 2029 14.4.1. By Country 14.4.1.1. Brazil 14.4.1.2. Mexico 14.4.1.3. Rest of Latin America 14.4.2. By Media Type 14.4.3. By Application 14.4.4. By End Use Industry 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Media Type 14.5.3. By Application 14.5.4. By End Use Industry 14.6. Drivers and Restraints - Impact Analysis 15. Europe Market Analysis 2014 to 2018 and Forecast 2019 to 2029 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2018 15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2019 to 2029 15.4.1. By Country 15.4.1.1. Germany 15.4.1.2. France 15.4.1.3. United Kingdom 15.4.1.4. Spain 15.4.1.5. Benelux 15.4.1.6. Russia 15.4.1.7. Rest of Europe 15.4.2. By Media Type 15.4.3. By Application 15.4.4. By End Use Industry 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Media Type 15.5.3. By Application 15.5.4. By End Use Industry 15.6. Drivers and Restraints - Impact Analysis 16. South Asia Market Analysis 2014 to 2018 and Forecast 2019 to 2029 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2018 16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2019 to 2029 16.4.1. By Country 16.4.1.1. India 16.4.1.2. Malaysia 16.4.1.3. Indonesia 16.4.1.4. Thailand 16.4.1.5. Rest of South Asia 16.4.2. By Media Type 16.4.3. By Application 16.4.4. By End Use Industry 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Media Type 16.5.3. By Application 16.5.4. By End Use Industry 16.6. Drivers and Restraints - Impact Analysis 17. East Asia Market Analysis 2014 to 2018 and Forecast 2019 to 2029 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2018 17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2019 to 2029 17.4.1. By Country 17.4.1.1. China 17.4.1.2. Japan 17.4.1.3. South Korea 17.4.2. By Media Type 17.4.3. By Application 17.4.4. By End Use Industry 17.5. Market Attractiveness Analysis 17.5.1. By Country 17.5.2. By Media Type 17.5.3. By Application 17.5.4. By End Use Industry 17.6. Drivers and Restraints - Impact Analysis 18. Oceania Market Analysis 2014 to 2018 and Forecast 2019 to 2029 18.1. Introduction 18.2. Pricing Analysis 18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2018 18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2019 to 2029 18.4.1. By Country 18.4.1.1. Australia 18.4.1.2. New Zealand 18.4.2. By Media Type 18.4.3. By Application 18.4.4. By End Use Industry 18.5. Market Attractiveness Analysis 18.5.1. By Country 18.5.2. By Media Type 18.5.3. By Application 18.5.4. By End Use Industry 18.6. Drivers and Restraints - Impact Analysis 19. Middle East and Africa Market Analysis 2014 to 2018 and Forecast 2019 to 2029 19.1. Introduction 19.2. Pricing Analysis 19.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2018 19.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2019 to 2029 19.4.1. By Country 19.4.1.1. GCC Countries 19.4.1.2. North Africa 19.4.1.3. South Africa 19.4.1.4. Rest of Middle East and Africa(MEA) 19.4.2. By Media Type 19.4.3. By Application 19.4.4. By End Use Industry 19.5. Market Attractiveness Analysis 19.5.1. By Country 19.5.2. By Media Type 19.5.3. By Application 19.5.4. By End Use Industry 19.6. Drivers and Restraints - Impact Analysis 20. Emerging Countries Market Analysis 2014 to 2018 and Forecast 2019 to 2029 20.1. Introduction 20.1.1. Market Value Proportion Analysis, By Key Countries 20.1.2. Global Vs. Country Growth Comparison 20.2. China Market Analysis 20.2.1. Pricing Analysis 20.2.2. PEST Analysis 20.2.3. Market Value Proportion Analysis by Market Taxonomy 20.2.4. Market Volume (TONS) and Value (US$ Million) Analysis and Forecast by Market Taxonomy 20.2.4.1. By Media Type 20.2.4.2. By Application 20.2.4.3. By End Use Industry 20.3. India Market Analysis 20.3.1. Pricing Analysis 20.3.2. PEST Analysis 20.3.3. Market Value Proportion Analysis by Market Taxonomy 20.3.4. Market Volume (TONS) and Value (US$ Million) Analysis and Forecast by Market Taxonomy 20.3.4.1. By Media Type 20.3.4.2. By Application 20.3.4.3. By End Use Industry 20.4. Mexico Market Analysis 20.4.1. Pricing Analysis 20.4.2. PEST Analysis 20.4.3. Market Value Proportion Analysis by Market Taxonomy 20.4.4. Market Volume (TONS) and Value (US$ Million) Analysis and Forecast by Market Taxonomy 20.4.4.1. By Media Type 20.4.4.2. By Application 20.4.4.3. By End Use Industry 21. Market Structure Analysis 21.1. Market Structure 21.2. Tier Structure Analysis 21.3. Market Concentration 21.4. Market Concentration by Top Players 21.5. Key Players – Market Footprint 21.6. Regional Tier Structure Analysis 21.7. Competition Dashboard 22. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments) 22.1. Rösler Oberflächentechnik GmbH 22.1.1. Overview 22.1.2. Financials 22.1.3. Strategy 22.1.4. Recent Developments 22.2. Kramar Industries Inc. 22.2.1. Overview 22.2.2. Financials 22.2.3. Strategy 22.2.4. Recent Developments 22.3. Norican Group 22.3.1. Overview 22.3.2. Financials 22.3.3. Strategy 22.3.4. Recent Developments 22.4. Sintokogio, Ltd. 22.4.1. Overview 22.4.2. Financials 22.4.3. Strategy 22.4.4. Recent Developments 22.5. OTEC Präzisionsfinish GMBH 22.5.1. Overview 22.5.2. Financials 22.5.3. Strategy 22.5.4. Recent Developments 22.6. Abrasive Finishing Inc (Fortune) 22.6.1. Overview 22.6.2. Financials 22.6.3. Strategy 22.6.4. Recent Developments 22.7. UM abrasives 22.7.1. Overview 22.7.2. Financials 22.7.3. Strategy 22.7.4. Recent Developments 22.8. Vibra Finish Company 22.8.1. Overview 22.8.2. Financials 22.8.3. Strategy 22.8.4. Recent Developments 22.9. Washington Mills 22.9.1. Overview 22.9.2. Financials 22.9.3. Strategy 22.9.4. Recent Developments 22.10. Walther Trowal, LLC 22.10.1. Overview 22.10.2. Financials 22.10.3. Strategy 22.10.4. Recent Developments 22.11. Advanced Finishing Technologies 22.11.1. Overview 22.11.2. Financials 22.11.3. Strategy 22.11.4. Recent Developments 22.12. Tipton Corp. 22.12.1. Overview 22.12.2. Financials 22.12.3. Strategy 22.12.4. Recent Developments 22.13. Rotomex S.A. de C.V. 22.13.1. Overview 22.13.2. Financials 22.13.3. Strategy 22.13.4. Recent Developments 22.14. Spaleck Oberflächentechnik GmbH & Co. KG 22.14.1. Overview 22.14.2. Financials 22.14.3. Strategy 22.14.4. Recent Developments 23. Assumptions & Acronyms 24. Research Methodology
Chemicals & Materials
October 2023
REP-GB-6134
309 pages
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Mass Finishing Consumables Market
