Market Overview:
The global rare earth polishing materials market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for semiconductors and integrated circuits across the globe. In addition, the growing demand for high precision machining is also contributing to the growth of this market. Asia Pacific is expected to be the fastest-growing region in this market during the forecast period.
Product Definition:
Rare earth polishing materials are used to polish the surface of rare earth elements. The polishing helps to improve the appearance and performance of the rare earth elements.
Polishing Powder:
Polishing powder is a special kind of polishing agent, which is used to remove scratches and abrasions from the surface of rare earth metals. It works by attracting and adsorbing metal particles to the surface, making them adhere firmly. Polishing powders are available in different forms such as grains, pastes and liquids. The most commonly used grain type for polishing purposes is aluminum oxide (Al2O3).
Polishing Liquid:
Polishing liquid is used in rare earth polishing materials to remove oxides and other unwanted material from their surface. It helps in bringing back the luster of the metal by making it reflective. Polishing liquids are also used for removing scratches from glass, ceramic, wood and many others surfaces.
The properties of polishing liquid such as high viscosity, low surface tension and lubricity make them ideal for use with rare earth metals.
Application Insights:
Semiconductor was the dominant application segment in 2017 and accounted for a market share of over 80% in terms of revenue. The rare earth polishing materials are majorly used to give an ultra-fine finish on integrated circuits and other microelectronics devices. This technology reduces the size of components while increasing their efficiency, which is likely to drive demand over the forecast period.
The use of these products has increased significantly across all industry verticals owing to benefits such as reduction in weight, increase in energy efficiency, improvement in thermal management along with aesthetic appeal offered by this technology for consumer electronics products such as smartphones and laptops. These aforementioned factors are expected to fuel product demand during the forecast period.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing region over the forecast period owing to high demand for rare earth from various end-use industries. China, India, Japan and South Korea are among the top consumers of rare earth in this region. The growing electronics industry in Asia Pacific is also expected to drive regional growth over the next eight years.
North America accounted for a volume share of 7% in 2017 owing to its growing use across several applications including semiconductors and automotive manufacturing plants. Growing demand for polishing materials from these sectors is likely to augment market growth during the forecast period.
Growth Factors:
- Increasing demand for rare earth polishing materials from the electronics and automotive industries
- Growing popularity of nanotechnology and its applications in various industries
- Rising investments in research and development for new applications of rare earth polishing materials
- Rapid expansion of the global manufacturing sector, especially in developing countries
- Proliferation of advanced technologies that require precision finishing
Scope Of The Report
Report Attributes
Report Details
Report Title
Rare Earth Polishing Materials Market Research Report
By Type
Polishing Powder, Polishing Liquid
By Application
Semiconductor, Integrated Circuit, High Precision Machining, Others
By Companies
Anyang Fangyuan Abrasive Materials, AGC Group, MITSUI KINZOKU, Northern Rare Earth, Rising Nonferrous Metals, CMC Materials, Merck KGaA, Grish Hitech, Baotou Research Institute of Rare Earths (BRIRE)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Rare Earth Polishing Materials Market Report Segments:
The global Rare Earth Polishing Materials market is segmented on the basis of:
Types
Polishing Powder, Polishing Liquid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Semiconductor, Integrated Circuit, High Precision Machining, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Anyang Fangyuan Abrasive Materials
- AGC Group
- MITSUI KINZOKU
- Northern Rare Earth
- Rising Nonferrous Metals
- CMC Materials
- Merck KGaA
- Grish Hitech
- Baotou Research Institute of Rare Earths (BRIRE)
Highlights of The Rare Earth Polishing Materials Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polishing Powder
- Polishing Liquid
- By Application:
- Semiconductor
- Integrated Circuit
- High Precision Machining
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Rare Earth Polishing Materials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Rare Earth Polishing Materials are a type of abrasive polishing materials that are made from rare earth elements. These materials can be used to polish various types of metals and other objects.
Some of the major companies in the rare earth polishing materials market are Anyang Fangyuan Abrasive Materials, AGC Group, MITSUI KINZOKU, Northern Rare Earth, Rising Nonferrous Metals, CMC Materials, Merck KGaA, Grish Hitech, Baotou Research Institute of Rare Earths (BRIRE).
The rare earth polishing materials market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rare Earth Polishing Materials Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Rare Earth Polishing Materials Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rare Earth Polishing Materials Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Rare Earth Polishing Materials Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Rare Earth Polishing Materials Market Size & Forecast, 2018-2028
4.5.1 Rare Earth Polishing Materials Market Size and Y-o-Y Growth
4.5.2 Rare Earth Polishing Materials Market Absolute $ Opportunity
Chapter 5 Global Rare Earth Polishing Materials Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Rare Earth Polishing Materials Market Size Forecast by Type
5.2.1 Polishing Powder
5.2.2 Polishing Liquid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Rare Earth Polishing Materials Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Rare Earth Polishing Materials Market Size Forecast by Applications
6.2.1 Semiconductor
6.2.2 Integrated Circuit
6.2.3 High Precision Machining
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rare Earth Polishing Materials Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Rare Earth Polishing Materials Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Rare Earth Polishing Materials Analysis and Forecast
9.1 Introduction
9.2 North America Rare Earth Polishing Materials Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Rare Earth Polishing Materials Market Size Forecast by Type
9.6.1 Polishing Powder
9.6.2 Polishing Liquid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Rare Earth Polishing Materials Market Size Forecast by Applications
9.10.1 Semiconductor
9.10.2 Integrated Circuit
9.10.3 High Precision Machining
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Rare Earth Polishing Materials Analysis and Forecast
10.1 Introduction
10.2 Europe Rare Earth Polishing Materials Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Rare Earth Polishing Materials Market Size Forecast by Type
10.6.1 Polishing Powder
10.6.2 Polishing Liquid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Rare Earth Polishing Materials Market Size Forecast by Applications
10.10.1 Semiconductor
10.10.2 Integrated Circuit
10.10.3 High Precision Machining
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Rare Earth Polishing Materials Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Rare Earth Polishing Materials Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Rare Earth Polishing Materials Market Size Forecast by Type
11.6.1 Polishing Powder
11.6.2 Polishing Liquid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Rare Earth Polishing Materials Market Size Forecast by Applications
11.10.1 Semiconductor
11.10.2 Integrated Circuit
11.10.3 High Precision Machining
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Rare Earth Polishing Materials Analysis and Forecast
12.1 Introduction
12.2 Latin America Rare Earth Polishing Materials Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Rare Earth Polishing Materials Market Size Forecast by Type
12.6.1 Polishing Powder
12.6.2 Polishing Liquid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Rare Earth Polishing Materials Market Size Forecast by Applications
12.10.1 Semiconductor
12.10.2 Integrated Circuit
12.10.3 High Precision Machining
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Rare Earth Polishing Materials Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Rare Earth Polishing Materials Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Rare Earth Polishing Materials Market Size Forecast by Type
13.6.1 Polishing Powder
13.6.2 Polishing Liquid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Rare Earth Polishing Materials Market Size Forecast by Applications
13.10.1 Semiconductor
13.10.2 Integrated Circuit
13.10.3 High Precision Machining
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Rare Earth Polishing Materials Market: Competitive Dashboard
14.2 Global Rare Earth Polishing Materials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Anyang Fangyuan Abrasive Materials
14.3.2 AGC Group
14.3.3 MITSUI KINZOKU
14.3.4 Northern Rare Earth
14.3.5 Rising Nonferrous Metals
14.3.6 CMC Materials
14.3.7 Merck KGaA
14.3.8 Grish Hitech
14.3.9 Baotou Research Institute of Rare Earths (BRIRE)
