North America Metal Polishing Market Size, Share and Report 2021 Opportunities and Growth Forecast 2030

In a recent published report, Kenneth Research has updated the market report for North America Metal Polishing Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for North America Metal Polishing Market products.

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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.

North America Metal Polishing Market Analysis 2019-2027

Metal polishing is a process in which abrasive materials are used to smoothen metal surfaces. The polishing industry is anticipated to witness a considerable growth over the coming years owing to its applications in medical, automotive, textile, jewelry, tile, plastic, and furniture manufacturing among other industries. Metal polishing and finishing in the end use industry provides wear resistant and durable metal products.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market).”

Moreover, technological innovations concerning the utilization of electropolishing in the nuclear industry has also strengthened the market’s growth. This metal polishing technology is used to polish surfaces, which are generally found in radioactive environment, wherein this technology reduces the contamination pick-up and increases the effectiveness of conventional decontamination techniques. The North America metal polishing market registered a market value of around USD 13,200 million in 2019 and is estimated to grow at a CAGR of around 9%, over the forecast period of 2021-2027.

The North America metal polishing market is segmented by finishing type, substrate, application, and by end use. The market is further segmented by application into mold polishing, wheels, discs & belts, surface finishing, and others. The surface finishing segment accounted for the largest market share in 2019. Metal polishing is primarily used to improve the surface finish of the metal product, thus, increasing its durability and strength. On the other hand, mold polishing segment held a market value of around USD 200 million in the year 2019.

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“The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market).”

Polishing provides molds smooth mirror finish and thereby enhance the product quality. A wide array of methods can be used for mold polishing including mechanical, chemical, electropolishing, ultrasonic, fluid polishing, and others. Some of the prominent application of mold polishing include plastic injection molds, compression molds, extrusion molds, and others.

Leading Comapnies

Some of the prominent industry leaders in the North America metal polishing market are Ferro Corporation, Honeywell International Inc., Ultra Polishing Inc., American Plating Company, Praxair S.T. Technology Inc., Universal Photonics, Micro Abrasives Corporation, Four Star Group of Companies Inc. (Four Star Metal Finishing Inc.), and others.

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“The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market).”

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