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Polishing Powder Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

A10512
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Jun 2021 | 57 Views
 
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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

 

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

 

Key benefits of the report:

  • This study presents the analytical depiction of the global polishing powdermarket along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global polishing powder market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global polishing powder market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the polishing powder market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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