FEATURED COMPANIES
- 3M Company
- ABRO Industries Inc.
- AUTCA
- Dara Allied Products
- WD-40 Company
- MORE
Due to the rising demand for better aesthetics of metallic surfaces, the requirement for metal polishing is surging sharply in India. The increasing per capita expenditure and disposable income of the people residing in the country is contributing heavily toward the changing lifestyles and customer requirements. This is pushing up the demand for materials such as metal polishes that can significantly improve the aesthetics of various products and their durability.
In the case of metals such as aluminum, chrome, brass, copper, and stainless steel, metal polishes are used for achieving better aesthetics. These polishes help in removing corrosion, making the surface better and smoother, and restoring gloss. Because of these beneficial traits, the requirement for metal polishes is growing rapidly across the country. Besides being extensively used for enhancing the aesthetics of metallic surfaces, metal polishes are also used for removing tarnish and surface rust in ships and boats.
Due to the prolonged exposure to harmful ultraviolet rays and saltwater, the surfaces of boats and ships such as railings and metal fittings are extremely vulnerable to rust, tarnish, and corrosion. The usage of metal polishes removes these tarnishes and provides a shine and gloss to the deck of the ship or boat, which, in turn, improves the aesthetics of the marine vehicle. Moreover, with the sharp rise in maritime trade, the country’s marine industry is exhibiting huge expansion.
This is further boosting the demand for metal polishes in the country. Due to these factors, the Indian metal polish market is demonstrating rapid advancement. According to the estimates of the publisher, a market research company based in India, the value of the market will grow from $26.51 million in 2019 to $37.10 million by 2030. Furthermore, the market is predicted to progress at a CAGR of 4.6% between 2020 and 2030.
Metal polishes are sold via supermarkets/hypermarkets and department/convenience stores in India. Between these, the sales of metal polishes via department/convenience stores were found to be higher during the past few years and this trend is likely to continue in the coming years as well. This is mainly attributed to the growing preference of industrial workers and residential consumers for buying these materials from nearby hardware stores and general stores over buying them from hypermarkets or supermarkets.
Automotive, marine, and residential sectors are the biggest end users of metal polishes in India. Out of these, the usage of metal polishes is predicted to rise enormously in the automotive industry in the forthcoming years. This will be because of the growing demand for metal polishes for removing corroded materials from various automotive components and parts. As these materials severely hamper a vehicle’s efficiency, their removal is extremely necessary for ensuring the smooth and efficient functioning of the automobile.
Hence, it can be said with full certainty that the demand for metal polishes will shoot-up in India in the future years, primarily because of their growing requirement for improving the aesthetics of metallic surfaces and removing corroded materials from automotive parts and marine vehicle components.
FEATURED COMPANIES
- 3M Company
- ABRO Industries Inc.
- AUTCA
- Dara Allied Products
- WD-40 Company
- MORE
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Distribution Channel
1.3.2 Market Segmentation by Product Type
1.3.3 Market Segmentation by Application
1.3.4 Market Segmentation by End User
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.3.6.1 Volume
1.3.6.2 Value
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.1.1 Paid
2.1.2 Unpaid
2.1.3 Publisher Database
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By industry participant
2.2.1.2 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Currency Conversion Rates
2.6 Assumptions for the Study
2.7 Notes & Caveats
Chapter 3. Executive Summary
Chapter 4. Industry Outlook
4.1 Definition of Market Segments
4.1.1 By Distribution Channel
4.1.1.1 Department/convenience stores
4.1.1.2 Supermarkets/ hypermarkets
4.1.1.3 Others
4.1.2 By Product Type
4.1.2.1 Paste
4.1.2.2 Liquid
4.1.2.3 Others
4.1.3 By Application
4.1.3.1 Guns
4.1.3.2 Knives
4.1.3.3 Others
4.1.4 By End User
4.1.4.1 Marine
4.1.4.2 Automotive
4.1.4.3 Residential
4.1.4.4 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Technological advancements in polishing methods
4.3.2 Drivers
4.3.2.1 Rising polish demand to improve appearance of metallic surfaces
4.3.2.2 Surging consumption in marine industry
4.3.2.3 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Hazardous effects of metal polish on human health
4.3.3.2 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Growing product demand in automotive sector
4.4 Impact of COVID-19
4.4.1 Global Share by Countries
4.4.1.1 Contribution of countries in global manufacturing output
4.4.1.2 Contribution of countries in global exports and imports (2019)
4.4.1.2.1 Top 20 countries by export
4.4.1.2.2 Top 20 countries by import
4.4.2 Global Scenario of COVID-19 Impact
4.4.2.1 Global GDP growth
4.4.2.2 Assessment of COVID-19 impact on GDP and economic forecast
4.4.3 Impact of COVID-19 on India Metal Polish Market
4.5 Porter’s Five Forces Analysis
4.5.1 Bargaining Power of Buyers
4.5.2 Bargaining Power of Suppliers
4.5.3 Intensity of Rivalry
4.5.4 Threat of New Entrants
4.5.5 Threat of Substitutes
Chapter 5. India Market Size and Forecast
5.1 By Distribution Channel
5.2 By Product Type
5.3 By Application
5.4 By End User
Chapter 6. Competitive Landscape
6.1 Market Share Analysis of Key Players
6.2 Competitive Benchmarking of Key Players
6.3 List of Other Players & Their Offerings
Chapter 7. Company Profiles
7.1 Chrome Star Chemical Works
7.1.1 Business Overview
7.1.2 Product and Service Offerings
7.2 Western Abrasive Industries Pvt. Ltd.
7.2.1 Business Overview
7.2.2 Product and Service Offerings
7.3 AUTCA
7.3.1 Business Overview
7.3.2 Product and Service Offerings
7.4 Dara Allied Products
7.4.1 Business Overview
7.4.2 Product and Service Offerings
7.5 menzerna polishing compounds GmbH & Co. KG
7.5.1 Business Overview
7.5.2 Product and Service Offerings
7.6 The Waxpol Industries Limited
7.6.1 Business Overview
7.6.2 Product and Service Offerings
7.7 Pitambari Products Pvt. Ltd.
7.7.1 Business Overview
7.7.2 Product and Service Offerings
7.8 ABRO Industries Inc.
7.8.1 Business Overview
7.8.2 Product and Service Offerings
7.9 WD-40 Company
7.9.1 Business Overview
7.9.2 Product and Service Offerings
7.9.3 Key Financial Summary
7.10 3M Company
7.10.1 Business Overview
7.10.2 Product and Service Offerings
7.10.3 Key Financial Summary
7.11 Reckitt Benckiser Group Plc
7.11.1 Business Overview
7.11.2 Product and Service Offerings
7.11.3 Key Financial Summary
Chapter 8. Appendix
8.1 Abbreviations
8.2 Sources and References
8.3 Related Reports
LIST OF TABLES
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 3 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 4 COVID-19 IMPACT ON WORKFORCE IN DIFFERENT SECTORS
TABLE 5 INDIA METAL POLISH MARKET, BY DISTRIBUTION CHANNEL, TONS (2014-2019)
TABLE 6 INDIA METAL POLISH MARKET, BY DISTRIBUTION CHANNEL, TONS (2020-2030)
TABLE 7 INDIA METAL POLISH MARKET, BY DISTRIBUTION CHANNEL, $M (2014-2019)
TABLE 8 INDIA METAL POLISH MARKET, BY DISTRIBUTION CHANNEL, $M (2020-2030)
TABLE 9 INDIA METAL POLISH MARKET, BY PRODUCT TYPE, TONS (2014-2019)
TABLE 10 INDIA METAL POLISH MARKET, BY PRODUCT TYPE, TONS (2020-2030)
TABLE 11 INDIA METAL POLISH MARKET, BY PRODUCT TYPE, $M (2014-2019)
TABLE 12 INDIA METAL POLISH MARKET, BY PRODUCT TYPE, $M (2020-2030)
TABLE 13 INDIA METAL POLISH MARKET, BY APPLICATION, TONS (2014-2019)
TABLE 14 INDIA METAL POLISH MARKET, BY APPLICATION, TONS (2020-2030)
TABLE 15 INDIA METAL POLISH MARKET, BY APPLICATION, $M (2014-2019)
TABLE 16 INDIA METAL POLISH MARKET, BY APPLICATION, $M (2020-2030)
TABLE 17 INDIA METAL POLISH MARKET, BY END USER, TONS (2014-2019)
TABLE 18 INDIA METAL POLISH MARKET, BY END USER, TONS (2020-2030)
TABLE 19 INDIA METAL POLISH MARKET, BY END USER, $M (2014-2019)
TABLE 20 INDIA METAL POLISH MARKET, BY END USER, $M (2020-2030)
TABLE 21 COMPETITIVE BENCHMARKING OF KEY PLAYERS
TABLE 22 LIST OF OTHER PLAYERS & THEIR OFFERINGS
TABLE 23 CHROME STAR CHEMICAL WORKS - AT A GLANCE
TABLE 24 WESTERN ABRASIVE INDUSTRIES PVT. LTD. - AT A GLANCE
TABLE 25 AUTCA - AT A GLANCE
TABLE 26 DARA ALLIED PRODUCTS - AT A GLANCE
TABLE 27 MENZERNA POLISHING COMPOUNDS GMBH & CO. KG - AT A GLANCE
TABLE 28 THE WAXPOL INDUSTRIES LIMITED - AT A GLANCE
TABLE 29 PITAMBARI PRODUCTS PVT. LTD. - AT A GLANCE
TABLE 30 ABRO INDUSTRIES INC. - AT A GLANCE
TABLE 31 WD-40 COMPANY - AT A GLANCE
TABLE 32 WD-40 COMPANY - KEY FINANCIAL SUMMARY
TABLE 33 3M COMPANY - AT A GLANCE
TABLE 34 3M COMPANY - KEY FINANCIAL SUMMARY
LIST OF FIGURES
FIG 1 MARKET SEGMENTATION
FIG 2 RESEARCH METHODOLOGY
FIG 3 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
FIG 5 DATA TRIANGULATION APPROACH
FIG 6 CURRENCY CONVERSION RATES FOR USD (2019)
FIG 7 INDIA METAL POLISH MARKET SUMMARY
FIG 8 VALUE CHAIN ANALYSIS OF INDIA METAL POLISH MARKET
FIG 9 GDP GROWTH IN 2019
FIG 10 GDP GROWTH IN 2020
FIG 11 GDP GROWTH IN 2021 (PROJECTIONS)
FIG 12 COVID-19 IMPACT ON GDP
FIG 13 BARGAINING POWER OF BUYERS
FIG 14 BARGAINING POWER OF SUPPLIERS
FIG 15 INTENSITY OF RIVALRY
FIG 16 THREAT OF NEW ENTRANTS
FIG 17 THREAT OF SUBSTITUTES
FIG 18 INDIA METAL POLISH MARKET SNAPSHOT
FIG 19 INDIA METAL POLISH MARKET, BY DISTRIBUTION CHANNEL, TONS (2014-2030)
FIG 20 INDIA METAL POLISH MARKET, BY PRODUCT TYPE, TONS (2014-2030)
FIG 21 INDIA METAL POLISH MARKET, BY APPLICATION, TONS (2014-2030)
FIG 22 INDIA METAL POLISH MARKET, BY END USER, TONS (2014-2030)
FIG 23 INDIA METAL POLISH MARKET SHARE OF KEY PLAYERS (2019)
FIG 24 WD-40 COMPANY - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2020)
FIG 25 3M COMPANY - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
FIG 26 RECKITT BENCKISER GROUP PLC - AT A GLANCE
FIG 27 RECKITT BENCKISER GROUP PLC - KEY FINANCIAL SUMMARY
FIG 28 RECKITT BENCKISER GROUP PLC - REVENUE SPLIT BY SEGMENT (2019)
- Chrome Star Chemical Works
- Western Abrasive Industries Pvt. Ltd.
- AUTCA
- Dara Allied Products
- menzerna polishing compounds GmbH & Co. KG
- The Waxpol Industries Limited
- Pitambari Products Pvt. Ltd.
- ABRO Industries Inc.
- WD-40 Company
- 3M Company
- Reckitt Benckiser Group Plc
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