Polishing Cloth Market

Polishing cloth, made up of cotton, microfiber, synthetic fiber, wool, and others, is designed to lift stains as well as gently buff surfaces to bring back shine. These cloths are used in various end use industries such as automotive, aerospace, electronics, metalworking, healthcare and medical, and construction, among others. However, polishing cloths are often used in virtually every area of detailing/cleaning and polishing.

Market Dynamics:

Rapid growth of the automotive, electronics, healthcare/medical, and construction industry, rising awareness regarding the hygiene and cleaning and benefits of polishing cloths, and growing demand for polishing cloths across the world are the major factors expected to propel the growth of the global polishing cloth market during the forecast period. Polishing cloths are made up of materials such as cotton, microfiber, synthetic fiber, wool, and others, and they are designed to lift stains and gently buff surfaces to bring back shine. The increasing demand for polishing cloths in various end-use industries, such as automotive, aerospace, and electronics, is driving the growth of the market, additionally, the growing trend of DIY (Do It Yourself) projects among individuals is also fueling the demand for polishing cloths.

For instance, according to the India Brand Equity Foundation (IBEF), India is expected to become the third largest construction market in the world by 2025. In fact, India, China, and the U.S. are expected to account for almost 60% of all global growth by 2025.

Moreover, in September 2021, the Indian government issued a notification regarding a PLI(Postal life Insurance) scheme for automobile and auto components worth Rs. 25,938 crore (US$ 3.49 billion). Furthermore, India could be a leader in shared mobility by 2030.

Key Features of the Study:

• This report provides an in-depth analysis of the global polishing cloth market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global polishing cloth market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies
• The key companies covered as a part of this study include 3M Company, sia Abrasives Industries AG, Deerfos Co., Ltd., Stanley Black & Decker, Inc., Meguiar's Inc., Norton Abrasives, Indasa USA Inc., ARC Abrasives Inc., KLINGSPOR Abrasives Inc., Hermes Abrasives Ltd., Keystone Abrasives, Mirka Ltd., Saint-Gobain Abrasives, Carborundum Universal Limited, and Schaffner Manufacturing Company, Inc., among others.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global polishing cloth market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global polishing cloth market

Polishing Cloth Market Detailed Segmentation:

• By Product Type:
  • Woven Polishing Cloth
  • Non-woven Polishing Cloth
• By Material Type:
  • Cotton
  • Microfiber
  • Synthetic Fiber
  • Wool
  • Others
• By End Use Industry:
  • Automotive
  • Aerospace
  • Electronics
  • Metalworking
  • Healthcare and Medical
  • Construction
  • Others
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • 3M Company
  • sia Abrasives Industries AG
  • Deerfos Co., Ltd.
  • Stanley Black & Decker, Inc.
  • Meguiar's Inc.
  • Norton Abrasive
  • Indasa USA Inc.
  • ARC Abrasives Inc.
  • KLINGSPOR Abrasives Inc.
  • Hermes Abrasives Ltd.
  • Keystone Abrasives
  • Mirka Ltd.
  • Saint-Gobain Abrasives
  • Carborundum Universal Limited
  • Schaffner Manufacturing Company, Inc.