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Oct 14, 2024

Mass Finishing Consumables Market Set to Reach USD 288.7 Million by 2029 Amid Rising Demand and Digital Transformation – FMIBlog

Future Market Insights (FMI) study, the global demand for mass finishing consumables industry is projected to be valued at USD 206.8 Million by the end of 2022, demonstrating moderate growth at a less

Future Market Insights (FMI) study, the global demand for mass finishing consumables industry is projected to be valued at USD 206.8 Million by the end of 2022, demonstrating moderate growth at a less than 5% CAGR during the forecast period, 2022 to 2029.

Sales of mass finishing consumables are primarily driven by the increasing demand for surface finishing from various end-use industries such as automotive, aerospace, and general and industrial engineering. 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 projected to account for approximately 67.5% of the North America mass finishing consumables market in 2029. In 2022, the market is expected to grow by 4.9% year-on-year, reaching a valuation of USD 26.1 Million by the end of 2022, and is anticipated to hold a market share of 12.6% in the global mass finishing consumables market share by 2029.

Key Takeaways – Global Mass Finishing Consumables Market

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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 capture new market opportunities.

A list of Key Players Covered in the Mass Finishing Consumables Market Are:

Reducing Third-party Dependence on 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 every industry for cleaning and refurbishing metallic and non-metallic parts.

End users are dependent on third-party service providers, which increases production costs 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.

Interested in More Information?

A new market report on mass finishing consumables published by Future Market Insights brings to the fore a pinpoint analysis of the market and offers comprehensive information with historical demand data for 2014 – 2021 and forecast statistics for 2022 – 2029. The study offers insightful information on the global mass finishing consumables market based on various categories – media type (ceramic, plastic, steel, aluminium oxide, and others), application (deburring, pressure deburring, grinding, polishing, and ball furnishing, among others), and end-use industry (automotive, aerospace, machine tooling, general manufacturing, construction, healthcare, and jewellery & accessories), across seven regions.

Key segments

By Media Type:

By Application:

By End-use Industry:

By Region:

Browse Old Source: https://www.globenewswire.com/en/news-release/2022/04/25/2428456/0/en/Mass-Finishing-Consumables-Market-is-forecast-to-reach-a-Valuation-of-US-288-7-Mn-By-the-End-of-2029.html

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