Post Time：Apr 29,2019Classify:Industry NewsView：1357
Global Polishing Powder market size will increase to 250 Million US$ by 2025, from 140 Million US$ in 2018, at a CAGR of 7.5% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Polishing Powder.
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.
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%.
The following manufacturers are covered in this report:
Solvay
Universal Photonics
Showa Chemical
RCMPA
Northern Rare Earth Group
AGC
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.
Polishing Powder Breakdown Data by Application
Crystal
Display Panels
Flat Glass
Optical Glass
Consumer Electronics
Others
Source: marketwatch.comAuthor: Shangyi
