Product Code: RP-ID-10346765 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Chemicals |
Report ID: 10346765
Market Overview:
North America Metal Polishing Market Outlook 2027
North America Metal Polishing Market Analysis 2019-2027
Metal polishing is a process in which abrasive materials are used to smoothen metal surfaces. The polishing industry is anticipated to witness a considerable growth over the coming years owing to its applications in medical, automotive, textile, jewelry, tile, plastic, and furniture manufacturing among other industries. Metal polishing and finishing in the end use industry provides wear resistant and durable metal products. Moreover, technological innovations concerning the utilization of electropolishing in the nuclear industry has also strengthened the market’s growth. This metal polishing technology is used to polish surfaces, which are generally found in radioactive environment, wherein this technology reduces the contamination pick-up and increases the effectiveness of conventional decontamination techniques. The North America metal polishing market registered a market value of around USD 13,200 million in 2019 and is estimated to grow at a CAGR of around 9%, over the forecast period of 2021-2027.
The North America metal polishing market is segmented by finishing type, substrate, application, and by end use. The market is further segmented by application into mold polishing, wheels, discs & belts, surface finishing, and others. The surface finishing segment accounted for the largest market share in 2019. Metal polishing is primarily used to improve the surface finish of the metal product, thus, increasing its durability and strength. On the other hand, mold polishing segment held a market value of around USD 200 million in the year 2019. Polishing provides molds smooth mirror finish and thereby enhance the product quality. A wide array of methods can be used for mold polishing including mechanical, chemical, electropolishing, ultrasonic, fluid polishing, and others. Some of the prominent application of mold polishing include plastic injection molds, compression molds, extrusion molds, and others.
Some of the prominent industry leaders in the North America metal polishing market are Ferro Corporation, Honeywell International Inc., 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.
Ferro Corporation, Honeywell International Inc., 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.
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