India Metal Polish Market Research Report: By Distribution Channel (Department/Convenience Stores, Supermarkets/ Hypermarkets), Product Type (Paste, Liquid), Application (Guns Knives), End User (Marine, Automotive, Residential) - Industry Analysis and Growth Forecast to 2030

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.