Metal Polish Market Scope
Technological Advancements, as well as New Product Innovation, drive the Adoption of Metal Polish Products will help to boost global metal polish market in the forecasted period. Metal products are polished to produce a reflective surface, avoid the corrosion of pipes, impede the contamination of instruments, eliminate oxidation as well as improve the appearance of a metal item. Growing consumer demand for a smoother microscopic surface, better reflection, high gloss and shine in metal products. These are driving factors of the global metal polish market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | Europe |
Unit | Value (USD Million) |
Key Companies Profiled | Turtle Wax (United States), Halfords Group plc (United Kingdom), Altro Group plc (Autoglym) (United Kingdom), Mothers Polish (United States), Canadian Tire Corporation (Canada), Cyclo Industries (United States), Menzerna polishing compounds GmbH & Co. KG (Germany), Bunnings Warehouse (Australia), Optimum Polymer Technologies (United States) and Wilson Bowden PLC (United States) |
CAGR | 5.7% |
The Vendors having a strong hold in the market are Turtle Wax, Halfords Group, Altro Group, Mothers Polish, and Canadian Tire Corporation. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Metal Polish market throughout the predicted period.
Turtle Wax (United States), Halfords Group plc (United Kingdom), Altro Group plc (Autoglym) (United Kingdom), Mothers Polish (United States), Canadian Tire Corporation (Canada), Cyclo Industries (United States), Menzerna polishing compounds GmbH & Co. KG (Germany), Bunnings Warehouse (Australia), Optimum Polymer Technologies (United States) and Wilson Bowden PLC (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Britemax (United Kingdom), Supercheap Auto (Australia), Carroll Company (United States), Wizards Products (United States), Chemical Guys (United States), WTI Fenders (United States) and Speedy Metal Polish (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Metal Polish market by Type , by Application (Guns, Knives and Others) and Region with country level break-up.
On the basis of geography, the market of Metal Polish has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In October , 2018, "Halfords Group plc" and "Brompton Bicycle" has signed a long-term strategic partnership to continue to get the nation cycling. London-based Brompton Bicycle wants to change the way people live in cities; despite a significant uptake of cycling in our urban areas, cycling accounts for only 2% of all journeys made in London (modal share), compared with 37% in Copenhagen. Brompton bikes provide a unique ‘last mile’, a scalable transport solution for tomorrow’s problems and by working with Halfords.
In February 2020, Jason Industries, Inc. announced that it has purchased Matchless Metal Polish Company for USD 5 million in cash. Through this move, Jason will extend its polishing product line offerings in North America.
The Environmental Protection Act, United States', "Clean Water Act (CWA)" has been reviewing the existing effluent guidelines annually, and revising them if appropriate, as well as to identify categories of sources for which Effluent Limitations Guidelines and Standards (ELGs have not been yet developed. The statute requires an annual review of existing pretreatment, standards, and revision, if appropriate. EPA promulgated ELGs for the Metal Finishing Category (Metal Finishing ELGs), codified at 40 Code of Federal Regulations (CFR) Part 433, in 1983. EPA has also reevaluated the manufacturing mandates regarding metal finishing processes.
Influencing Trend:
Introduction to Metal Polishes with Limited Risk Associated on Exposure and Increasing Adoption of Metal Polishes which can Maximize Metal Durability
Market Growth Drivers:
Abrasive Metal Polishing Assists in Minimizing Surface of Scratches, Nicks, and More and Metal Polishes Increase Metal Durability
Challenges:
Stringent Government Regulations in Manufacturing Metal Polishes
Restraints:
Significant Exposure Leads to Etching or Blistering Side Effects and Reduced Metal Applications with Introduction to Numerous Polymers
Opportunities:
Simplifies Metal Equipment Cleaning Due to Clear and Scratchproof Surface and Increasing Demand for High End of Metal Polishes in Automobile Industry
Key Target Audience
Metal Polish Manufacturers, Metal Polish Distributors and Traders, Metal Polish Manufacturing Industry Associations, Automobile Industry Regulators, Metal Manufacturers, Government Agencies, Research and Development Institutes and Others