South Korea Polishing Powder Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
The South Korean polishing powder market is experiencing significant growth, driven by the escalating demands of key industries such as electronics, automotive, and construction. These sectors necessitate high-quality surface finishes, propelling the adoption of advanced polishing powders.
In the electronics sector, particularly semiconductor manufacturing, polishing powders are indispensable. South Korea's semiconductor wafer polishing and grinding equipment market is projected to reach USD 464.4 million by 2030, growing at a compound annual growth rate (CAGR) of 5% from 2025 to 2030. This surge underscores the critical role of polishing powders in achieving the ultra-precise surfaces required for semiconductor wafers.
The automotive industry also significantly contributes to the demand for polishing powders. These powders are essential for finishing metal parts, enhancing both aesthetic appeal and functional performance. As the automotive sector continues to expand, the requirement for effective polishing solutions becomes increasingly vital.
In construction, the emphasis on high-quality finishes for materials like glass and metal has led to a heightened demand for specialized polishing powders. The global glass polishing powder market is experiencing robust growth, driven by the burgeoning construction and automotive industries, increasing demand for high-quality glass products, and technological advancements in glass manufacturing processes. This trend reflects South Korea's commitment to superior construction standards.
South Korean manufacturers are at the forefront of supplying polishing powders to meet these industrial needs. SUN ABRASIVE CO LTD leads the market, accounting for 47% of total shipments with 134 consignments. SEUNG WOO CO LTD follows with a 14% share, equivalent to 40 shipments, while YUJIN KREVES LTD holds a 7% share with 19 shipments. These companies play a pivotal role in fulfilling both domestic and international demands.
In response to environmental concerns, the industry is witnessing a shift towards sustainable practices. An approach to water resource management aims to completely eliminate the discharge of wastewater into the environment. This initiative reflects a broader commitment to eco-friendly manufacturing processes within the polishing powder sector.
Overall, the South Korean polishing powder market is poised for continued growth, driven by the expanding needs of its primary industries and a collective move towards more sustainable production methods. The synergy between technological advancements and environmental responsibility is set to define the future trajectory of this market.
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Solvay
Universal Photonics
Showa Chemical
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RCMPA
Northern Rare Earth Group
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Rongruida
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Polishing Powder Market
Alumina Polishing Powders
Silica Polishing Powders
Diamond Polishing Powders
Oxide Polishing Powders
Metal Polishing
Glass Polishing
Plastic Polishing
Wood Polishing
Stone Polishing
Automotive
Aerospace
Electronics
Jewelry
Construction
Powdered
Suspension
Paste
Bottles
Bags
Drums
Bulk Packaging
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Polishing Powder Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Polishing Powder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Polishing Powder Market, By Type
6. South Korea Polishing Powder Market, By Application
7. South Korea Polishing Powder Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Polishing Powder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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