Global polishing powder market is expected to drive owing to increasing demand from marble polishing industries and real estate sector over the forecast period. Polishing powder gives a glossy finish to the final product and helps in removing scratch marks present on it. Owing to its important properties such as anti-slip, chemical & temperature resistance and non- acidic nature, global polishing powder market is expected to propel over the forecast period. They also offer anticorrosion, UV protection, smoothness, high durability, chemical resistance and high performance to the application product surface. Polishing powder provides major application in sectors such as packaging automotive and military industries. . Military sector is expected to be the largest polishing powder consumer over the forecast period. Volatility in raw material prices in expected to obstruct the polishing powder market growth over the forecast period.
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Global polishing power is categorized on the application basis. Application category includes industrial application, furniture, electrical & electronics, military & defense, automotive, metallurgy, medical, household, medical, oil & gas, endodontics, packaging and marine. Industrial application is further segmented into boilers, multiple plant equipments and heat exchangers. Owing to anti-bacterial property, polishing powder is expected to be widely used in medical sector as it helps in sophisticated medical device protection.
Asia Pacific was holding the major polishing powder market share and is expected to continue this trend over the forecast period owing to increasing industrial developments, growth in automotive & marble polishing industries coupled with building & construction industry. Growing demand from end use industries in countries such as India, Japan and Korea are expected to majorly contribute towards regional polishing powder market growth over the forecast period. Europe and North America as expected to grow at temperate rate over the forecast period.
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Global polishing powder market player includes New Century, Universal Photonics, Jiaxin, Baotou Steel Hefa, Mitsui Chemicals, Gansu Rare Earth Group, Rongruida, Xin Yuan, Yixing Xinwei Leeshing, TFC, Reade, Tongyuan, Rhodia, RCMPA, Showa Chemical, Tianjiao Seimi, Huaming Gona, Hunan Haozhi New Materials Co., Ltd., AMG, Golden Century, Dupont and METALL among which TFC, Dupont and Hunan Haozhi New Materials Co. are key polishing powder market players across the globe.
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