Report Code: A10512 | Pages: NA | Mar 2023 | 946 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Polishing Powder Market
Request Now !Polishing powderis generally used to remove or smoothen scratch marks from different services such as stone, glass, jeweler items, and others. These powders are made up of oxalic acid or oxalates that are efficient in polishing and removing scratches. They not only enhance the appearance and aesthetic properties of the product but also add other benefits,including durability and resistance to microbial contaminants. Polishing powders have a wide range of applications in different end-user industries such as automotive, electronics, construction, and others.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Type, End-use Industry, and Region |
Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
Companies covered | Hunan Haozhi New Materials Co., Ltd., TFC, Dupont, Jiaxin, YixingXinweiLeeshing, AMG, Universal Photonics, Reade, Gansu Rare Earth Group, TianjiaoSeimi, Grish, Rongruida, METALL, New Century, Xin Yuan, Golden Century, RCMPA, Tongyuan, Mitsui Chemicals, Showa Chemical, Baotou Steel Hefa, HuamingGona, and Rhodia |
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COVID-19 scenarioanalysis:
The outbreak of the COVID-19 pandemic has severely affected the global polishing powder market.
• As a result of the global economic slowdown caused by the pandemic, the demand for automobile has decreased significantly. This has caused a fall in demand for polishing powders used for providing superior finish to vehicles in the automobile sector.
• On the other hand, the construction industry has also faced severe consequences since the advent of the pandemic. Most of the construction projects had come to a halt as there was a major lack of workforce. As a result, the applications for polishing powders decreased, thereby affecting the market.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
One of the major factors responsible for increasing demand for polishing powder is its extensive use in the construction sector, especially for polishing marble and other stones used in construction projects. These powders remove sharp scratch marks and provide a smooth glossy finish to the surfaces. They also help in restoring the moisture of limestone, terrazzo marble, and travertine floors since the polishing powders are acidic in nature, thereby providing a wet glossy look. They also offer anti slip and anti-fouling characteristics to the stones and marbles. On the other hand, polishing powders are also used in automotive and electronics industries for providing better finishing to the products. Moreover, these powders offer anti-corrosion, UV resistance, anti-abrasion properties. However, the fluctuating prices of the raw material might act as a restraining factor for the market. Nonetheless, several government initiatives aiming toward infrastructural development and construction, especially in the emerging nations are expected to boost the demand for polishing powder in the construction sector. For example, the Pradhan Mantri Awas Yojna (PMAY) was launched in 2015 in India.
In terms of market share, the Asia-Pacific region holds the major share of the global polishing powder market due to the high demand for polishing powder in construction and electronics industries in the region. The market in Europe and North America is also expected to grow at a significant pace, owing to the presence of major automobile industries in the region.
Key segments covered:
Segments | Sub-segments |
Type | •            Low Ce •            Medium Ce •            High Ce •            Others |
End-use Industry | •            Construction •            Automobile •            Electronics •            Packaging •            Others |
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Key benefits of the report:
Questions answered in the polishing powder market research report:
Polishing Powder Market Report Highlights
Aspects | Details |
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By Type |
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By End-use Industry |
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By Region |
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Key Market Players | Hunan Haozhi New Materials Co., Ltd., TFC, Dupont, Jiaxin, YixingXinweiLeeshing, AMG, Universal Photonics, Reade, Gansu Rare Earth Group, Mitsui Chemicals |
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