The Metal Polish Products market, currently valued at US$ 9.2 billion in 2021, is anticipated to embark on a significant growth trajectory over the next decade, reaching a projected market size of US$ 23.5 billion by the end of the forecast period in 2032, reflecting a healthy Compound Annual Growth Rate (CAGR) of 5.7%. This positive outlook is bolstered by a strong initial jump of 4% year-on-year growth, propelling the market value to US$ 13.53 billion by 2022.
Metal surfaces are polished to remove impurities, prevent corrosion on tools, and prevent pipes from rusting. It also improves the appearance of anything and aids in the removal of oxidation.Products for metal polishing are used to remove oxidation from metal objects. This prolongs the metal’s life and prevents rusting.
A growing number of people are purchasing metal polish due to the prevalence of metal-using machinery, antique furniture, and vintage objects.Nothing beats metal polish for restoring the lustre and beauty of metal objects. Additionally, it removes rust since oxidised metal is unsightly, lacks shine, and is easily stained.
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Rising consumer demand for a smoother microscopic surface, better reflection, high gloss and shine in metal products is a key contributing factor to the growth of the metal polish products market. The supply-side participants in the metal polish products market are engaged in the innovation of new products to cater to the consumer demand and thereby complement the growth of the metal polish products market.
Technological Advancements & New Product Innovation drive the Adoption of Metal Polish Products
The global metal polish products market has been registering rapid growth, owing to the use of different metal alloys in machinery, furniture and other metal products due to their cheaper cost and high efficiency. Metal polish products are available in different forms such as foam, tablet, gel, spray and liquid, depending upon the application.
The rising awareness about the availability of these products also complements the growth of the metal polish market. Metal polish products are used to safely clean, protect and shine metal surfaces without causing damage. Recently, a sudden hike in the demand for metal polish products has been observed, owing to their versatile nature, to remove tarnish, clean surface dust, prevent corrosion and surface rust and inhibit oxidation. Metal polish products find a wide range of applications in various metals such as silver, gold, aluminum, stainless steel, bronze, chrome, brass and more.
Metal Polish Products Market: Market Participants
The key market participants identified across the value chain of the metal polish products market are Tri-Peek International Limited, Rubbedin cleaning products, Canadian Tire Corporation, Limited., California Custom Products Inc., Reckitt Benckiser Group PLC, S. C. Johnson & Son, Inc., Diversified Chemical Technologies, Inc., White Diamond Detail Products, Weiman Products, LLC., Wizards Products, Turtle Wax, Inc., Halfords Limited, Menzerna polishing compounds GmbH & Co. KG and Cyclo Industries, Inc., among others.
Opportunities for Metal Polish Products Market Participants
Globally, the metal polish market has been witnessing significant growth, owing to the rise in the demand for cleaning and polishing products. The market is governed by the innovation of new products, owing to advancement in technology, as a result of which the manufacturers of metal polish products market keep adding new products to their portfolios.
The supply-side participants of the metal polish products market are focussed on making their products more efficient and cost-effective. The emergence of e-commerce and the influence of TV commercials also play a major role in driving the growth of the metal polish products market during the forecast period.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, form, end-use & sales channel.
The study is a source of reliable data on:
- Metal Polish Products Market segments and sub-segments
- Metal Polish Products Market trends and dynamics
- Supply and demand
- Metal Polish Products Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Key Segments Profiled in the Global Metal Polish Products Market
By Form Type:
- Liquids
- Sprays
- Gels
- Tablets
- Foam
By End Use:
- Households
- Industrial Use
- Metal Manufacturing
By Sales Channel:
- Hypermarkets
- Supermarkets
- Independent Retailers
- Multi-Brand Stores
- Specialty Retail Stores
- Polish Products
- Company Website
- 3rd Party Online Sales
By Region:
- North America
- Latin America
- Europe
- East Asia
- Oceania
- Middle East & Africa
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