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.
Principal Consultant
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
