Chile Metal Shim Market Size & Outlook, 2024-2030
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Chile metal shim market highlights
- The Chile metal shim market generated a revenue of USD 0.4 million in 2023 and is expected to reach USD 0.5 million by 2030.
- The Chile market is expected to grow at a CAGR of 3.6% from 2024 to 2030.
- In terms of segment, stainless steel was the largest revenue generating material in 2023.
- Stainless Steel is the most lucrative material segment registering the fastest growth during the forecast period.
Metal shim market data book summary
| Market revenue in 2023 | USD 0.4 million |
| Market revenue in 2030 | USD 0.5 million |
| Growth rate | 3.6% (CAGR from 2023 to 2030) |
| Largest segment | Stainless steel |
| Fastest growing segment | Stainless Steel |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aluminum, Stainless Steel, Brass, Copper |
Other key industry trends
- In terms of revenue, Chile accounted for 0.2% of the global metal shim market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil metal shim market is projected to lead the regional market in terms of revenue in 2030.
- Panama is the fastest growing regional market in Latin America and is projected to reach USD 0.2 million by 2030.
Stainless steel was the largest segment with a revenue share of 0% in 2023. Horizon Databook has segmented the Chile metal shim market based on aluminum, stainless steel, brass, copper covering the revenue growth of each sub-segment from 2018 to 2030.
In Chile, the mining industry serves as a significant driver for the growth of the metal shim market. According to the International Trade Administration, Chile is the largest manufacturer of copper worldwide and accounted for around 27% of its global supply in 2021. Metal shims are utilized in mining operations for equipment maintenance and vibration damping.
They aid in the maintenance of machinery such as crushers, grinding mills, and other equipment. The status of Chile as a leading producer of copper and other minerals necessitates a robust mining infrastructure wherein metal shims play a significant role in ensuring the operational efficiency and safety of mining machinery.
As the country continues to invest in modernizing its mining operations and enhancing the productivity of its mines, the demand for durable and high-performance metal shims is expected to increase in Chile in the coming years owing to their capability to meet stringent requirements of mining operations.
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Metal Shim Market Scope
Metal Shim Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Trinity Brand Industries | View profile | 11-50 | Park Ridge, Illinois, United States, North America | https://www.trinitybrand.com |
| The Shim Shack | View profile | 1-10 | Harrison, Ohio, United States, North America | https://www.theshimshack.com |
| Superior Washer & Gasket | View profile | 11-50 | Hauppauge, New York, United States, North America | https://www.superiorwasher.com/ |
| Stephens Gaskets | View profile | 11-50 | Oldbury, Sandwell, United Kingdom, Europe | https://www.stephensgaskets.co.uk/ |
| Queensland Gaskets | View profile | 11-50 | Salisbury, South Australia, Australia, Oceania | https://queenslandgaskets.com.au |
| Northern Industrial Manufacturing Corporation | View profile | 101-250 | Harrison Township, Michigan, United States, North America | https://www.northernindmfg.com |
| Mercer Gasket and Shim | View profile | 11-50 | Bellmawr, New Jersey, United States, North America | https://mercergasket.com |
| Houston Manufacturing Specialty | View profile | 11-50 | Houston, Texas, United States, North America | http://www.houmfg.com |
| Georg Martin | View profile | 101-250 | Dietzenbach, Hessen, Germany, Europe | https://georgmartin.com |
| AccuTrex Products, Inc. | View profile | 101-250 | Canonsburg, Pennsylvania, United States, North America | http://www.accutrex.com/ |
| G.L. Huyett | View profile | 101-250 | Minneapolis, Kansas, United States, North America | http://huyett.com |
| Starrett | View profile | - | Itu, Sao Paulo, Brazil, South America | https://www.starrett.com.br |
| Precision Micro | View profile | - | Erdington, Birmingham, United Kingdom, Europe | https://www.precisionmicro.com/ |
| MW Industries | View profile | 5001-10000 | Charlotte, North Carolina, United States, North America | http://www.mwcomponents.com |
| Reliance Inc | View profile | 15500 | 16100 N. 71st Street, Suite 400, Scottsdale, AZ, United States, 85254 | https://www.reliance.com |
Chile metal shim market size, by material, 2018-2030 (US$M)
Chile Metal Shim Market Outlook Share, 2023 & 2030 (US$M)
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