North America Metal Polishing Market Analysis by Type (Paste, Liquid, and Others); by Finishing Type (Architectural Finish, Sanitary Finish, Mirror Finish, Fine Satin Finish, and Others); by Substrate (Steel, Aluminum, Copper, Brass, Bronze, Muntz, and Others); by Application (Mold Polishing, Wheels, Discs & Belts, Surface Finishing, Cleaning, Dipping Treatment, and Others); by Sales Channel (Supermarkets/Hypermarkets, Independent Retailers, Direct Sales and Others); and by End User (Residential, Commercial, and Industrial)-Supply & Demand Analysis & Opportunity Outlook 2021-2031

  • Product Code:
    RP-ID-10352422
  • Published Date:
    19 Sep 2022
  • Region:
    Regional
  • Category:
    Mining, Minerals & Metals
  • Publisher:
    Pub-ID-54

Impact Analysis on the Growth of Market

Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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The Research Report is Updated with 2021 Base Year, 2022 Estimated year and Forecast till 2031 with Market Insights.


With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2021 as base year, 2022 as estimated year and forecast to 2031. This will have market drivers, recovery rate in the market, insights and competitive analysis.



Market Overview:

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North-America-metal-polishingNorth America Metal Polishing Market Size, Forecast, and Trend Highlights Over 2021 - 2031

The North America metal polishing market is estimated to garner a revenue of USD 2,344.1 Million by the end of 2031 by growing at a CAGR of 6.4% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD 1,265.1 Million in the year 2021. The market is primarily driven by increased consumption of various metals including, brass, copper, aluminum, iron and others. In 2021, the United States’ aluminum consumption of United States is amounted to about 4 million metric tons and iron consumption was around 36 million metric tons.

 

North-America-metal-polishing-size

 

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Higher demand for metal office furniture in the North America is to boost the market of metal polishing in the region. In 2020, metal office furniture of worth USD 750 million was imported to the United States. Furthermore, increased usage of cars and rising constructional sector is likely to propel the North America metal polishing market growth.

North America Metal Polishing Market: Growth Drivers and Challenges

Growth Drivers

  • Rise in Automotive Industry

With the improvement in average income of population, the need of car is also increasing, which has propelled the manufacturing demand from automobile industry. In 2021, nearly 3 million passenger cars were manufactured in the North America.

  • Rising Constructional Activities

Owing to higher construction activities, demand for metals is rising in constructional sector. The United States’ new home construction reached to about 2 billion units in 2022. Moreover, as of second quarter of 2022, around 24,000 more, new home construction began in Canada.

  • Increased Usage of Bio-Chemical Based Cleaning Chemicals

Bio chemical based cleaning agents are highly used in detergents, therefore, rising detergent use is to create the lucrative demand of bio-chemical based cleaning chemicals. The increasing popularity of environmental friendly cleaning products is likely to drive the use of bio bases cleaning chemicals. In 2018, the leading liquid detergent brand, Arm & Hammer was ranked fourth in United States, with the total worth of sales amounted to approximately USD 245 million. Moreover, in 2021, the total sale of household cleaning products was worth of nearly USD 1 billion. Further, nearly 17% of United States’ consumer look for eco-friendly cleaning and laundry products.

  • Higher Demand for Furniture

Metal is highly used in making of furniture and even demand of purely metal furniture in offices, homes and hospitals is also rising. The total export value of metal office furniture from United States was around USD 150 million, in 2020.

  • Increased Requirement of Various Metal

Other than, construction, automotive and furniture, metal is used in various other products such as, electric appliances, cooking wares, jewelry and others, thus higher requirement of metal such as copper, iron, aluminum, steel and others is to increase the demand of metal polishing. In 2021, production of crude steel in North America was approximately 118 million metric tons. Moreover, copper usage alone in United States was nearly 1.8 million metric tons in 2021.

Challenges

  • Metal Polish Poisoning Causing Breathing Issue, Throat Swelling and Others

  • Increasing Popularity of Second Hand Furniture and Cars

  • High Density Plastics Replacing Metals

Newly innovated plastics, have great tensile strength than metals. They are light weight thus reduces the overall weight of end products. If designed with proper technology, plastic gains much higher durability, corrosion resistance and flexibility than metals.

The North America metal polishing market is segmented and analyzed for demand and supply by substrate into steel, aluminum, copper, brass, bronze, muntz, and others. Amongst all, the steel segment is anticipated to hold the largest market size of USD 859.3 million by the end of 2031. The market is expected to grow by a CAGR of 6.8% over the forecast period. Moreover, the steel segment garnered a revenue of USD 446.1 million in 2021. This growth is expected on the account of higher demand of steel in the North America’s regions which in turn leads to increase its production. As of September 2022, the production of domestic raw steel was over 1 million net ton, and the capability utilization rate was about 78%.

North America Metal Polishing Market Regional Synopsis

Regionally, the North America metal polishing market is studied into two major countries including United States and Canada. Amongst these markets, the market in the United States is projected to hold the largest market share by the end of 2031.  The market in United States is expected to be highly valued by the end of 2031, by growing at the CAGR of 6.6% over the forecast period. Further, market in the United States garnered a notable revenue in 2021. Rising demand of steel in the United states is to propel the market growth in the country. The United States, the consumption of steel in 2021 was near to 98 million metric tons. In the same year, about 22 million metric tons of pig iron was produced in U.S. Moreover, higher sales of car is likely to project the metal polishing market in the United States. The total number of cars sold jumped from nearly 15 million units in 2021 to about 16 million units by the end of 2022.

Market Segmentation

Our in-depth analysis of the North America metal polishing market includes the following segments:

By Type

  • Paste

  • Liquid

  • Others

By Finishing Type

  • Architectural Finish

  • Sanitary Finish

  • Mirror Finish

  • Fine Satin Finish

  • Others

By Substrate

  • Steel

  • Aluminum

  • Copper

  • Brass

  • Bronze

  • Muntz

  • Others

By Application

  • Mold Polishing

  • Wheels

  • Discs & Belts

  • Surface Finishing

  • Cleaning

  • Dipping Treatment

  • Others

By Sales Channel

  • Supermarkets/Hypermarkets

  • Independent Retailers

  • Direct Sales

  • Others

By End User

  • Residential

  • Commercial

  • Industrial

  • Automotive

  • Electronics

  • Marine

  • Aircraft

 

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Key Companies Dominating the North America Metal Polishing Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the North America metal polishing market that are included in our report are 3M, Ferro Corporation, Universal Photonics, Incorporated, Praxair S.T. Technology, Inc., Micro Abrasives Corporation, Ultra Polishing, Inc., Able Electropolishing, Reckitt Benckiser Group PLC., ABRO Industries Inc., and others.

North America Metal Polishing Market: Latest Developments

  • January, 2020: Universal Photonics Incorporated announced their next generation of their abrasive polishing compounds, “HASTILITE HRD”, it is nanodiamond lapping slurry designed to reduce the time for polishing by 50%-80%.

  • August, 2020: Micro Abrasives Corporation announced their e-commerce chain, it enables customer to place their order online and enhance their convenience.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

  • The report includes detailed company profiles of the major players dominating the market.

  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.



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FREQUENTLY ASKED QUESTIONS


1.      Market Definition

1.1.  Market Definition

1.2.Market Segmentation

2.     Assumptions and Acronyms

3.     Research Methodology

3.1. Research Process

3.2.                     Primary Research

3.3.                     Secondary Research

4.    Executive Summary – Global Composite Doors & Windows Market

5.     Market Dynamics

5.1. Drivers

5.2.                     Challenges

5.3.                     Trends

5.4.                     Opportunities

6.    Regulatory & Standards Landscape

7.     Industry Risk Analysis

8.    Impact of COVID-19 on the North America Metal Polishing Market

9.    EXIM Analysis

10.            Pricing Analysis

11.  Patent Analysis

12. Industry Supply Chain Analysis

13. Competitive Positioning

14.Competitive Landscape

14.1.                  Market share analysis, 2021

14.2.                 Global Company Profiles

14.2.1.                      3M

14.2.2.                     Ferro Corporation

14.2.3.                     Praxair Surface Technologies, Inc.

14.2.4.                     Universal Photonics, Incorporated

14.2.5.                     Micro Abrasives Corporation

14.2.6.                     Ultra Polishing Inc.

14.2.7.                     Reckitt Benckiser Group PLC

14.2.8.                     ABRO Industries Inc.

14.2.9.                     Able Electropolishing

15. North America Metal Polishing Market

15.1.                  Market Overview

15.2.                 Market Size (2021–2031)

15.3.                 Market segmentation by:

15.3.1.                       Type

15.3.1.1.    Paste, 2021-2031F (USD million)

15.3.1.2.   Liquid, 2021-2031F (USD million)

15.3.1.3.   Others, 2021-2031F (USD million)

15.3.2.                     Finishing Type

15.3.2.1.   Architectural Finish, 2021-2031F (USD million)

15.3.2.2.  Sanitary Finish, 2021-2031F (USD million)

15.3.2.3.  Mirror Finish, 2021-2031F (USD million)

15.3.2.4.  Fine Satin Finish, 2021-2031F (USD million)

15.3.2.5.  Others, 2021-2031F (USD million)

15.3.3.                     Substrate

15.3.3.1.   Steel

15.3.3.2.  Aluminum, 2021-2031F (USD million)

15.3.3.3.  Copper, 2021-2031F (USD million)

15.3.3.4.  Brass, 2021-2031F (USD million)

15.3.3.5.  Bronze, 2021-2031F (USD Million)

15.3.3.6.  Muntz, 2021-2031F (USD Million)

15.3.3.7.  Others, 2021-2031F (USD million)

15.3.4.                     Sales Channel

15.3.4.1.   Supermarkets / Hypermarkets, 2021-2031F (USD million)

15.3.4.2.  Independent Retailers, 2021-2031F (USD million)

15.3.4.3.  Direct Sales, 2021-2031F (USD million)

15.3.4.4. Others, 2021-2031F (USD million)

15.3.5.                      Application

15.3.5.1.   Mold polishing, 2021-2031F (USD million)

15.3.5.2.  Wheels, 2021-2031F (USD million)

15.3.5.3.  Discs & belts, 2021-2031F (USD million)

15.3.5.4.  Surface finishing, 2021-2031F (USD million)

15.3.5.5.  Cleaning, 2021-2031F (USD million)

15.3.5.6.  Dipping treatment, 2021-2031F (USD million)

15.3.5.7.  Others, 2021-2031F (USD million)

15.3.6.                     End-Use

15.3.6.1.   Residential, 2021-2031F (USD million)

15.3.6.2.  Commercial, 2021-2031F (USD million)

15.3.6.3.  Industrial, 2021-2031F (USD million)

15.3.6.3.1.       Automotive, 2021-2031F (USD Million)

15.3.6.3.2.      Electronics, 2021-2031F (USD Million)

15.3.6.3.3.      Marine, 2021-2031F (USD Million)

15.3.6.3.4.      Aircraft, 2021-2031F (USD Million)

15.3.6.3.5.      Others, 2021-2031F (USD Million)

15.3.7.                      Country

15.3.7.1.   US, 2021-2031F (USD million)

15.3.7.2.  Canada, 2021-2031F (USD million)

16.US Metal Polishing Market

16.1.                  Market Overview

16.2.                 Market Size (2021–2031)

16.3.                 Market Segmentation by:

16.3.1.                      Type

16.3.1.1.    Paste, 2021-2031F (USD million)

16.3.1.2.  Liquid, 2021-2031F (USD million)

16.3.1.3.   Others, 2021-2031F (USD million)

16.3.2.                     Finishing Type

16.3.2.1.  Architectural Finish, 2021-2031F (USD million)

16.3.2.2. Sanitary Finish, 2021-2031F (USD million)

16.3.2.3. Mirror Finish, 2021-2031F (USD million)

16.3.2.4. Fine Satin Finish, 2021-2031F (USD million)

16.3.2.5.  Others, 2021-2031F (USD million)

16.3.3.                     Substrate

16.3.3.1.   Steel

16.3.3.2. Aluminum, 2021-2031F (USD million)

16.3.3.3. Copper, 2021-2031F (USD million)

16.3.3.4. Brass, 2021-2031F (USD million)

16.3.3.5.  Bronze, 2021-2031F (USD Million)

16.3.3.6. Muntz, 2021-2031F (USD Million)

16.3.3.7.  Others, 2021-2031F (USD million)

16.3.4.                     Sales Channel

16.3.4.1.  Supermarkets / Hypermarkets, 2021-2031F (USD million)

16.3.4.2. Independent Retailers, 2021-2031F (USD million)

16.3.4.3. Direct Sales, 2021-2031F (USD million)

16.3.4.4. Others, 2021-2031F (USD million)

16.3.5.                     Application

16.3.5.1.   Mold polishing, 2021-2031F (USD million)

16.3.5.2.  Wheels, 2021-2031F (USD million)

16.3.5.3.  Discs & belts, 2021-2031F (USD million)

16.3.5.4. Surface finishing, 2021-2031F (USD million)

16.3.5.5.  Cleaning, 2021-2031F (USD million)

16.3.5.6. Dipping treatment, 2021-2031F (USD million)

16.3.5.7.  Others, 2021-2031F (USD million)

16.3.6.                     End-Use

16.3.6.1.  Residential, 2021-2031F (USD million)

16.3.6.2. Commercial, 2021-2031F (USD million)

16.3.6.3. Industrial, 2021-2031F (USD million)

16.3.6.3.1.       Automotive, 2021-2031F (USD Million)

16.3.6.3.2.      Electronics, 2021-2031F (USD Million)

16.3.6.3.3.      Marine, 2021-2031F (USD Million)

16.3.6.3.4.     Aircraft, 2021-2031F (USD Million)

16.3.6.3.5.      Others, 2021-2031F (USD Million)

17. Canada Metal Polishing Market

17.1.                  Market Overview

17.2.                 Market Size (2021–2031)

17.3.                 Market Segmentation by:

17.3.1.                       Type

17.3.2.                      Finishing Type

17.3.3.                      Substrate

17.3.4.                      Sales Channel

17.3.5.                      Application

17.3.6.                      End-Use

 

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  1. 3M
  2. Ferro Corporation
  3. Universal Photonics Incorporated
  4. Praxair S.T. Technology Inc.
  5. Micro Abrasives Corporation
  6. Ultra Polishing Inc.
  7. Able Electropolishing
  8. Reckitt Benckiser Group PLC.
  9. ABRO Industries Inc
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