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:
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