The global cerium oxide polishing powder market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). Cerium oxide-based polishing powder is a chemical material used in several industries for polishing the glass surface. The major factor attributing to the growth of the global cerium oxide polishing powder market is the growing application of glass components in the automotive industry. According to the 2021 production statistics report by the International Organization of Motor Vehicle Manufacturers (OICA), around 8 billion automotive vehicles including passenger cars and commercial vehicles are manufactured in 2021. The increasing manufacturing in the automobile industry is increasing the demand for the cerium oxide polishing powder for polishing glass surfaces including windshield, backglass, windows, and others.
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In addition, the increasing aerospace industry including rising commercial aircraft operations globally is also expected to drive the demand for cerium oxide polishing powder for polishing glass surfaces in aircraft. According to European Aerospace Co., Airbus developments and urbanization will increase the middle class air passengers to fly across the globe resulting in the rise of around 50% by 2038 representing around 6 billion people. Airbus also forecasted that the number of commercial aircraft operations will gets double in the next 20 years up to around 48,000 planes globally. Furthermore, the application of cerium oxide polishing powder is also increasing in the chemical industry for the maintenance of glass apparatus. The cerium oxide polishing powder can also be bought through local hardware retailers for the maintenance and cleaning of household glasses including door and window glasses. Thus, increasing the use of cerium oxide polishing powder.
The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, Excel Impex offers cerium-based glass polishing powder, which contains cerium oxide and can be used for removing minor scratches on the glass, and for cleaning household glass windows.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Parkell, Inc., Demeter Technologies, Inc., East Chem Pte Ltd., Excel Impex, and American Elements, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Cerium Oxide Polishing Powder Market Report by Segment
By Application
- Chemical Industry
- Automobile Industry
- Aerospace Industry
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