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Mar 31, 2023

Mass Finishing Consumables Market will Record a Sluggish 4.9% CAGR through 2029

The rising demand for surface finishing from a variety of end-use industries,

The rising demand for surface finishing from a variety of end-use industries, including automotive, aerospace, and general and industrial engineering, is the main factor driving sales of mass finishing consumables. The global mass finishing consumables market is predicted to reach US$ 206.8 million by the end of 2022, growing moderately at a CAGR of less than 5% over the forecast period of 2022 to 2029, according to a recent Future Market Insights (FMI) report.

Mass finishing consumables refer to the materials and substances used in mass finishing processes, which are commonly employed in various industries for surface finishing, polishing, deburring, and cleaning of metal, plastic, and ceramic parts. Mass finishing is a mechanical surface treatment method that involves the use of specialized equipment such as tumblers, vibratory finishers, and centrifugal disc finishers to process a large quantity of parts simultaneously.

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Key Takeaways – Global Mass Finishing Consumables Market

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.

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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