Research Nester published a report titled “North America Metal Polishing Market: Demand Analysis and Opportunity Outlook 2027” which delivers detailed overview of the metal polishing market in terms of market segmentation by finishing type, substrate, application, and by end use.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
Driven by the rapidly increasing demand for durable and wear-resistant metal products, the demand for metal polishing is anticipated to increase significantly in the coming years. The North America metal polishing market registered a market value of USD 13,251.0 million in 2019 and is anticipated to grow at a CAGR of around 9%, over the forecast period, i.e., 2021-2027. The North America metal polishing market is segmented by end use into residential, commercial, and industrial segment. The industrial segment is the largest end-use segment in the North America metal polishing market which accounted for a market share of 68% in 2019. Some of the major industries wherein metal polishing is extensively used include automotive, electronics, aircraft, marine, and medical. The second highest stance is held by the commercial segment (in terms of market share in 2019) which is expected to grow at a significant rate over the forecast period. Metallic panels in commercial buildings not only improve the building’s infrastructure but are also extremely durable with low installation and maintenance costs, thereby driving the demand for metal polishing in this segment.
Increasing Demand for Metal Polishing from Automotive Sector to Drive the Market Growth
Metal polishing not only protects vehicles against premature wear and tear but also provides a smooth finish to the parts. It increases the surface thickness, solderability, electrical conductivity, electrical resistance, surface hardness, adhesion properties, and various other chemical and physical properties of the metal. The polishing industry is anticipated to witness a considerable growth over the coming years owing to its application in automotive sector including polishing of engines, power-steering components, brake parts, and other vehicular parts. Furthermore, technological advancements in the industry are expected to drive the growth of North America metal polishing market over the forecast period.
However, availability of high-performance polymers as a substitute for metal for various end-use industries is anticipated to hamper the market’s growth over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the North America metal polishing market, which includes company profiling of Ferro Corporation (NYSE: FOE), Honeywell International Inc. (NYSE: HON), Ultra Polishing Inc., American Plating Company, Praxair S.T. Technology Inc., Universal Photonics, Micro Abrasives Corporation, Four Star Group of Companies Inc. (Four Star Metal Finishing Inc.), and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the North America metal polishing market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.