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Dec 29, 2023

Mass Finishing Consumables Market Value to Grow by Almost US$ 288.7 Million from 2022 to 2029

Sales of mass finishing consumables will be driven by increased demand for

Sales of mass finishing consumables will be driven by increased demand for surface finishing from end-use industries, preference for in-house surface finishing, and expanding use of digital control systems. Given this, FMI expects the global market for mass finishing consumables to reach US$ 288.7 million in 2029.

The global market for mass finishing consumables experienced year-over-year growth of 4.7% in 2021, according to Future Market Insights (FMI). Between 2022 and 2029, the demand for mass finishing consumables is anticipated to increase at a rate of 4.9% CAGR. According to Future Market Insights (FMI), the market will be worth more than US$ 206.8 million in 2022.

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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.

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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.

Interested in More Information?

A new market report on mass finishing consumables published by Future Market Insights brings to the fore a pin-point 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.

About Future Market Insights (FMI)

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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