Need for Appealing Metallic Surfaces To Propel India Metal Polish Market to $37.10 Million by 2030

February 15 17:06 2021
Need for Appealing Metallic Surfaces To Propel India Metal Polish Market to $37.10 Million by 2030
Indian metal polish market is predicted to witness a 4.6% CAGR during the forecast period by P&S Intelligence.

Economic growth in India has brought higher living standards within the reach of an increasing number of middle-class people. This is now driving the need for aesthetically appealing objects at homes and offices, especially those made from metal. As a result, the Indian metal polish market size is predicted to witness a 4.6% CAGR between 2020 and 2030, to grow from $26.51 million in 2019 to $37.10 million in 2030.

Metallic objects are prone to corrosion, especially if subject to warm and humid conditions for prolonged periods. This not only harms the aesthetic appeal of such objects but also their durability and strength, over time. This is why the Indian metal polish market is being driven by the increasing usage of such materials on objects made from aluminum, stainless steel, chromium, copper, and brass, in residential, commercial, and industrial settings.

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In the past, the department/convenience stores category held the largest share in the Indian metal polish market, on the basis of distribution channel. Most residential and industrial users of such polishes prefer to purchase them from local convenience and hardware stores, as these places are more accessible compared to hypermarkets and supermarkets.

The Indian metal polish market is predicted to be dominated by the paste category, under the product type segment, in the years to come. Metal polishes available in the form of pastes are easy to use and highly suitable for a range of applications, such as residential, automotive, and marine.

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Major companies in the Indian metal polish market include Western Abrasive Industries Pvt. Ltd., Chrome Star Chemical Works, menzerna polishing compounds GmbH & Co. KG, AUTCA, Dara Allied Products, Pitambari Products Pvt. Ltd., The Waxpol Industries Limited, WD-40 Company, ABRO Industries Inc., Reckitt Benckiser Group plc, and 3M Company.

Market Size Breakdown by Segments

By Distribution Channel

  • Department/Convenience Stores          
  • Supermarkets/ Hypermarkets

By Product Type

  • Paste
  • Liquid

By Application

  • Guns
  • Knives

By End User

  • Marine
  • Automotive
  • Residential

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Country: India
Website: https://www.psmarketresearch.com/market-analysis/india-metal-polish-market


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