Polishing Cloth Is Fastest Growing Segment Fueling The Growth Of Polishing Cloth Market

 

The global Polishing Cloth Market is estimated to be valued at US$ 529.7 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Polishing cloths are used to polish a variety of surfaces, including metal, wood, plastic, and glass. They provide gentle abrasion and buffing action to remove scratches and leave surfaces with a smooth, high-gloss finish. Their versatility and low cost make them ideal for both commercial and consumer applications.

Market key trends:
One of the key trends witnessed in the polishing cloth market is the development of non-woven polishing cloths. Non-woven fabrics are engineered by bonding or interlocking fibers or filaments through mechanical, chemical, thermal, or solvent means. Non-woven polishing cloths are more durable and flexible compared to conventional woven polishing cloths. They do not have a grain direction, so they can be used effectively in any direction for polishing. Their uniform fiber distribution also provides consistent abrasion.

Segment Analysis
The global polishing cloth market is segmented based on type, application, and region. Based on type, the market is segmented into cotton buffing cloth, synthetic wool buffing cloth, and microfiber buffing cloth. Among these, the microfiber buffing cloth segment dominates the market and is expected to witness highest growth during the forecast period due to its softness and durability. Microfiber buffing cloths are woven from ultra-fine filaments that achieve optimum results with less application pressure.

Key Takeaways
The global polishing cloth market is expected to witness high growth, exhibiting CAGR of 4.1% over the forecast period, due to increasing demand from automotive, metal processing, device manufacturing, and other industries.

The Asia Pacific region currently dominates the polishing cloth market and is expected to continue its dominance during the forecast period, growing at a CAGR of around 5%. This growth can be attributed to rapid industrialization and economic development in countries such as China and India.

Key players operating in the polishing cloth market are 3M Company, Saint-Gobain Abrasives, Mirka Ltd., Keystone Abrasives, Hermes Abrasives Ltd., Carborundum Universal Limited, KLINGSPOR Abrasives Inc., ARC Abrasives Inc., Indasa USA Inc., Schaffner Manufacturing Company, Inc., Norton Abrasives, Meguiar's Inc., Stanley Black & Decker, Inc., Deerfos Co., Ltd., and sia Abrasives Industries AG. In 2023, the global polishing cloth market is estimated to reach US$ 529.7 Mn.

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