India Metal Polish Market To Generate $37.10 Million Revenue by 2030

Factors such as the rising consumption of metal polish in the marine sector of India, on account of the surging maritime trade; and increasing realization about enhancing the aesthetic appearance of metallic surfaces, due to the mounting disposable income, will drive the Indian metal polish market at a CAGR of 4.6% during the forecast period (2020–2030). Owing to these factors, the market is expected to grow from $26.51 million in 2019 to $37.10 million by 2030.

The surging use of such polishes in the marine sector will also facilitate the market growth in the future. The Indian marine industry uses a large volume of metal polishes to remove corrosion, tarnish, and surface rust, caused by prolonged exposure to air, saltwater, and ultraviolet (UV) rays, on metal fittings and boats and cargo ship railings. Moreover, the polish offers a shine to the deck of marine vehicles. In recent years, traders and ship owners have been increasingly focusing on the maintenance of marine vessels, due to the rising maritime trade.

According to P&S Intelligence, 3M Company dominated the Indian metal polish market in 2019, due to the extensive distribution network and supply chain of the manufacturer. The metal polishing products manufactured by 3M Company are used by the automotive, automotive refinish, defense, marine, and residential industries. The polishes provided by this firm help in restoring the aesthetic beauty of products, such as cars. The company also offers aluminum, nickel, and cobalt (ALINCO) metal alloys for furniture polishing. 

Thus, the rising demand for aesthetic and durable products in India and the increasing advancements in polishing methods will augment the consumption of metal polishes in the country, in the foreseeable future.

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