Global Polishing Powder Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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“Global Polishing Powder Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz. The global artificial intelligence chip market report has been segmented on the basis of application and region.
Global Polishing Powder Market: Introduction
Polishing powder is mainly used to removing or smoothing scratch marks from stone, glass, mirror and jewelry items etc., as it gives a glossy and smooth finishing. Polishing powder includes oxalic acid or oxalate, which removes the scratches.
Global Polishing Powder Market: Market Dynamics
Demand for the polishing powder is increasing as it high durability, anti-fouling, offers temperature resistance, chemical resistance, anti-slip, high performance and smoothness to the texture and surface to the product, which is expected to drive growth of the global market. In addition, polishing powder offers various properties such as chemical resistance, UV protection and anti-corrosion are other major factors expected to drive growth of the global market to a certain extent. Adoption of polishing powder is expected to rise by the rising marble polishing and real estate sectors which are expected to drive revenue global polishing powder market over the forecast period.
However, varying prices of raw material that associated with polishing powder is a major factor expected to restrain growth of the market.
Global Polishing Powder Market: Segmental Analysis
Among the application segments the automotive, packaging, and electrical & electronics industries are expected to account for major revenue contribution in the global polishing powder market. Military and defense segment is expected to grow significantly in the polishing powder market as in military devices special paints and coating are used to resist strong impacts. The military & defense segment is expected to follow the construction and building industry in terms of revenue growth. In the medical application, the polishing powder is used in medical devices as it possesses anti-microbial properties.
Global Polishing Powder Market: Regional Analysis
North America market is estimated to account for major share in terms of revenue in the global polishing powder market. This can be attributed to presence of major manufacturers and increasing investments for R&D activities in countries such as US in the region. Europe market is expected to follow North America market in terms of revenue share in the global polishing powder market.
Asia Pacific market is expected to register highest CAGR in terms of revenue over the forecast period, owing to increasing development in various end use industries including automotive industry, buildings & construction, and marble polishing industry in countries in this region and largest polishing powder consumers in the coming year. The markets in Middle East & Africa and Latin America are anticipated to account for moderate revenue share in the global polishing powders market.
Global Polishing Powder Market Segmentation:
Segmentation by application:
- Electrical & electronics
- Household furniture
- Military & defense
- Medical & healthcare
- Oil & gas
- Heat exchangers
- Plant equipment
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Hunan Haozhi New Materials Co.Ltd.,
- Yixing Xinwei Leeshing
- AMG, Universal Photonics
- Gansu Rare Earth Group
- Tianjiao Seimi
- Mitsui Chemicals
- Showa Chemical
- Baotou Steel Hefa
- Huaming Gona
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