Global Polishing Powder Market Size Will Increase To 237.69 Million Usd By 2024

New report published by Global Info Research which offers insights on the global Polishing Powder market.

Rare earth polishing powder, is also called Cerium Polishing Powder and Cerium Oxide Polishing Powder, which mainly contains cerium oxide. It reacts with the surface to produce a complex Cerium-Oxygen-Silica compound softer than glass, this softer surface layer is easily used to produce final surface. Rare earth polishing powder is widely applied in jewelry and diamond, flat glass, CRT, LCD, TFT glass, mirrors, glasses, optical glass, lens, etc.

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Global Polishing Powder Market: Forecast by Type / Application / Region

Global Polishing Powder market size will increase to 237.69 Million USD by 2024, from 140.24 Million USD in 2017, at a CAGR of 7.83% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2024 as the forecast period to estimate the market size for Polishing Powder.

This report focuses on the top manufacturers' Polishing Powder capacity, production, value, price and market share of Polishing Powder in global market: Solvay, Universal Photonics, Showa Chemical, AMG, RCMPA, Northern Rare Earth Group, Huaming Gona, Jiaxin, Rongruida, New Century, Grish, Golden Century, Baotou Hailiang and AGC.

Polishing Powder Breakdown Data by Type, High Ce Type, Middle Ce Type and Low Ce Type.

Polishing Powder Breakdown Data by Application, Crystal, Display Panels, Flat Glass, Optical Glass, Consumer Electronics and Others.

The main advantages in using CeO2-based polishes, making them the most used glass polishes, are related to the faster polishing operations, in which CeO2 is mixed with water, and easier cleaning after use.

Rare earth polishing powder can be used in various fields, among those fields, demand from crystal industry accounts for the largest share, with 40.88% in 2017.

There is no doubt that China is the largest producer of rare earth polishing powder. In 2017, China produced 27553 MT rare earth powder, holding 80.30% market share globally. However, it should be noticed that the capacity utilization rate in China is low due to the oversupply. The average utilization is below 30%.

As for consumption, China is the largest consumers with 89.83% share in 2017. Europe is the follower, with 1814 MT rare earth polishing powder being consumed.

The rare earth polishing powder achieved steady growth in the past few years. Increasing demand in optical glasses, consumer electronics will continue to provide support for the industry development. It is estimated that global rare earth polishing powder market will increase to 52089 MT in the year of 2024.

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Related Information:
United States Polishing Powder Market 2018 Forecast to 2023
Europe Polishing Powder Market 2018 Forecast to 2023
North America Polishing Powder Market 2018 Forecast to 2023
Asia-Pacific Polishing Powder Market 2018 Forecast to 2023
China Polishing Powder Market 2018 Forecast to 2023
EMEA Polishing Powder Market 2018 Forecast to 2023
Global Polishing Powder Market 2018 Forecast to 2023

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