Polishing Powders Market - Global Industry Analysis 2020

Polishing powders are materials that help eliminate etch marks and light wear patterns giving smooth finish to the application product. They create honed finishes, set up stone for polishing and shining, help in eliminating deep scratches. They are non-acidic in nature. They have wide applications in precision optics, metallographic sections, electro-optical crystals, silicone wafers, ferrite components, gem stones and acrylic lenses. These powders restore the gloss to marble, terrazzo, limestone and travertine floors. Their unique abrasive technology delivers the wet look gloss in a fraction of the time compared to other systems. They offer specific characteristics to the application products such as anti-fouling, fire resistance, chemical resistance, temperature resistance, anti-slip among others. These powders have higher performance, durability and offer aesthetics to the textures and surfaces. Polishing powders find applications in various end-user industries such as metallurgy, endodontics, household furniture, aerospace, marine, military and defense, electrical & electronics, automotives, medical & healthcare, packaging, oil & gas and industrial applications among others. In medical devices, polishing powders provide protection as well as anti-microbial properties.

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Some of the major drivers for the global polishing powders market is the rising demand from marble polishing industries, real estate sector and other industries. In addition, the growing demand from automotive industry is also expected to boost the polishing powders market. Polishing powders are used in order to provide special coatings which offer higher resistance to wear and tear. Polishing powders offer characteristics such as UV protection, anti-corrosion, anti-abrasion and chemical resistance among others. Furthermore, they offer higher performance and durability. In addition, specialty paints and coatings find applications in military and defense applications where resistance to harsh environmental conditions is required. Moreover, polishing powders are used in industrial applications such as plant equipment, boilers and heat exchangers which are subject to higher temperatures. However, fluctuating prices associated with the use of raw materials can act as a major restraint for the polishing powder market in next few years to come.

In terms of demand, Asia Pacific dominated the polishing powders market. The demand in this region was mainly driven by marble polishing industry, buildings & construction and automotive industry. Growing urbanization and increasing per capita incomes of the consumers is anticipated to be major factor for driving the polishing powders market in this region. China was the major consumer for polishing powders in this region due to huge demand from various end-user industries in China. Countries such as India, Korea and Japan are likely to exhibit higher demand for polishing powders over the forecast period.

Some of the key players in the polishing powders market are Dupont, Hunan Haozhi New Materials Co., Ltd., and TFC among others.

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