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

North 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.

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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:

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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.

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

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