Polishing Cloths Market Growth Accelerated by Rising Demand from Automotive and Industrial Sectors

 

Polishing cloths are integral part of cleaning and polishing surfaces to provide shine and protection. They are made up of soft cotton or microfiber material and helps removing dirt, dust, grime and fine scratches from variety of surfaces like vehicles, furniture, flooring and more. Polishing cloths protects the surfaces from corrosion and extends their life. The global Polishing Cloth Market is estimated to be valued at US$ 527.3 million 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 key trends:

Rising demand from automotive and industrial sectors has been a key trend driving the growth of polishing cloth market. Polishing cloths plays a vital role in maintaining shiny appearance of vehicles and machinery used in various industries like manufacturing, construction, mining etc. growing automotive production along with increasing disposable income has fueled the sales of high-end and luxury vehicles wherein aesthetic appearance holds significant importance. This in turn is generating high demand for polishing cloths from automotive aftermarket. Moreover, growth of manufacturing sector along with stringent quality assurance standards is propelling the need for regular cleaning and maintenance activities wherein polishing cloths are indispensable, thus accelerating the market growth over the forecast period.

Segment Analysis
The global polishing cloth market is dominated by the cotton segment. Cotton polishing cloth accounts for around 60% of the market share as cotton material is very soft and absorbent. It easily lifts dirt, dust and other particles from the polished surface without causing any scratches. Moreover, cotton polishing cloth is affordable and widely available.

Key Takeaways
The global polishing cloth market is expected to witness high growth.

Regional analysis: Asia Pacific dominates the global polishing cloth market and is expected to maintain its dominance during the forecast period. Countries like China, India, and Japan are major consumers of polishing cloths owing to presence of large automotive and electronics industries in these countries.

Key players operating in the polishing cloth market are Robert McKeown & Son Limited, MICHELIN, Blobblo Ltd., Buffalo Material Handling, West Chester University, Gator Polishing, 3M, MEIWA Plastic Industries CO., LTD., Baoding Jinsheng Rubber Products Co., Ltd.

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