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May 26, 2023

Polishing Powder Market SWOT Analysis, Trends and Growth Forecast by 2032

The global Polishing Powder Market size was USD 205.9 Million in 2023 and is

The global Polishing Powder Market size was USD 205.9 Million in 2023 and is expected to register a revenue CAGR of 7.2% over the forecast period, according to a latest report by Reports and Data. Revenue growth of the market is expected to be driven by increasing number of technological advancements, along with rising demand for the product from the automotive sector.

Rising demand for polishing powders in the automotive sector owing to increasing adoption of luxury cars and Electric Vehicles (EVs). For instance, according to The International Energy Agency (IEA), renewable energy sources currently provide around 26% of the world's electricity and are projected to supply 30% of it by 2024, which will increase demand for electric motors. Government agencies are investing in development of infrastructure. For instance, the International Trade Administration projects that between 2019 and 2023, revenue of the China construction sector is expected to exand by an average of 5% each year in real terms. Also, according to the Government of Japan, efforts are being made by the Japan government to promote modern architectural technologies in the construction sector through collaborations with private enterprises. With the objective to maintain worker safety, businesses are creating and introducing new and more sophisticated paints, varnishes, materials, and products.

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Top Lading Players: DuPont, Solvay, Hunan Haozhi Technology Co., Ltd., AMG Chrome Limited, Universal Photonics, Reade International Corp., Resonac Holdings Corporation, RCMPA, Beijing Grish Hitech Co., Ltd., Mitsui Chemicals, Inc. and among others.

Polishing Powder Market Demand:

Overall, the demand for polishing powder is likely to be influenced by a complex set of factors, and it may vary depending on the specific market and industry.

Some Key Highlights from the Report:

Segments covered in the report:

Product Type (Revenue, USD Million; 2019-2032)

Application Outlook (Revenue, USD Million; 2019-2032)

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Regional Outlook:

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