Polishing Powder Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polishing Powder Market Analysis
The polishing powder market is expected to grow at a CAGR of over 6% during the forecast period. Major factor driving the market studied is growing demand of polishing powder from construction industry. On the flip side, volatile raw material price of polishing powder and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
- Growing demand of polishing powder from medical and healthcare industry is forecasted to offer various opportunities for the growth of the market over the forecast period.
- Polishing powder from construction industry is expected to dominate the market studied over the forecast period.
- Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.
Polishing Powder Market Trends
This section covers the major market trends shaping the Polishing Powder Market according to our research experts:
Growing Demand of Polishing Powder from Construction Industry
- Polishing powder is often used to enhance the appearance of an item, prevent contamination of instruments, remove oxidation, create a reflective surface, or prevent corrosion in pipes.
- Polishing Powder can be used for polishing process and regular maintenance of various marble in construction and can make the marble surface bright and shining and can enable the marble surface harder and more wearable.
- Additionally, Polishing Powder is used in pharmaceutical, dairy, and specialty plumbing to prevent corrosion and eliminate locations where bacteria or mold may reside.
- The increasing focus on infrastructure and customization in construction and manufacturing processes had a significant impact on the growing demand of polishing powder in construction industry.
- Hence, owing to the above-mentioned factors, the application of polishing powder from construction is likely to dominate during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for polishing powder during the forecast period. The rising demand of polishing powder from construction industry and growing application in industrial sector in developing countries like China, Japan and India is expected to drive the demand for polishing powder in this region.
- The largest producers of polishing powder are located in Asia-Pacific region. Some of the leading companies in the production of penoxsulam are Solvay, Universal Photonics, SHOWA DENKO K.K, DuPont, and Advanced Metallurgical Group NV among others.
- According to Global Construction 2030 (published by Global Construction Perspectives and Oxford Economics), Southeast Asia's construction market is anticipated to exceed USD 1.0 trillion, by 2030 which in turn boosts the demand for polishing powder in residential building construction.
- Ruling Govt. Initiatives such as Housing for all the government's flagship scheme PMAY launched in June 2015 aims to build 20 million urban homes and 30 million rural houses by 2022, Smart Cities, etc. are fuelling the growth of the Urban Infrastructure and construction development.
- Owing to the above-mentioned factors, the market for polishing powder in the Asia-Pacific region is projected to grow significantly during the study period.
Polishing Powder Industry Overview
The global polishing powder market is partially fragmented in nature with only few major players dominating the market. Some of the major companies are Solvay, Universal Photonics, SHOWA DENKO K.K, DuPont, and Advanced Metallurgical Group NV among others.
Polishing Powder Market Leaders
Solvay
Universal Photonics
SHOWA DENKO K.K.
DuPont
Advanced Metallurgical Group NV
*Disclaimer: Major Players sorted in no particular order
Polishing Powder Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Growind Demand of Polishing Powder from Construction Industry
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Volatile Raw Material Price of Polishing Powder
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4.2.2 Impact of COVID - 19
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Product Type
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5.1.1 Low Ce
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5.1.2 Medium Ce
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5.1.3 High Ce
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5.1.4 Others
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5.2 End-User Industry
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5.2.1 Electrical & Electronics
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5.2.2 Automotive
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5.2.3 Construction
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5.2.4 Industrial
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5.2.5 Military
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5.2.6 Medical & Healthcare
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5.2.7 Others
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Advanced Metallurgical Group NV
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6.4.2 DuPont
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6.4.3 GRISH Inc
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6.4.4 HEFA Rare Earth Canada Co.
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6.4.5 Jiaxin
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6.4.6 Mitsui Chemicals, Inc.
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6.4.7 RCMPA
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6.4.8 Reade International Corp
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6.4.9 SHANGHAI HUAMING GONA RARE EARTH NEW MATERIAL CO., LTD
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6.4.10 SHOWA DENKO K.K.
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6.4.11 Solvay
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6.4.12 TFC
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6.4.13 Universal Photonics
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Growing Demand of Polishing Powder from Medical and Healthcare Industry
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7.2 Other Opportunities
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Polishing Powder Industry Segmentation
The polishing powder market report includes:
| Product Type | |
| Low Ce | |
| Medium Ce | |
| High Ce | |
| Others |
| End-User Industry | |
| Electrical & Electronics | |
| Automotive | |
| Construction | |
| Industrial | |
| Military | |
| Medical & Healthcare | |
| Others |
| Geography | |||||||
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Polishing Powder Market Research FAQs
What is the current Polishing Powder Market size?
The Polishing Powder Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Polishing Powder Market?
Solvay, Universal Photonics, SHOWA DENKO K.K., DuPont and Advanced Metallurgical Group NV are the major companies operating in the Polishing Powder Market.
Which is the fastest growing region in Polishing Powder Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Polishing Powder Market?
In 2024, the Asia Pacific accounts for the largest market share in Polishing Powder Market.
What years does this Polishing Powder Market cover?
The report covers the Polishing Powder Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Polishing Powder Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Polishing Powder Industry Report
Statistics for the 2024 Polishing Powder market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polishing Powder analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
