Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 365 Million | USD 545 Million | 5.15% | 2022 |
FrequentlyAsked Questions
The global polishing/lapping film market is projected to grow owing to the high demand for products in the electronics sector, one of the fastest-growing industries across the globe. High-grade polishing or lapping films are used to create smooth surfaces out of the most rigid material that is widely in the electronics sector, for instance, ceramics, exotic composites and alloys, carbide, and others.
According to Zion Market Research, the global polishing/lapping film market size was worth around USD 365 million in 2021 and is predicted to grow to around USD 545 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.15% between 2022 and 2030.
The global polishing/lapping film market is projected to be dominated by Asia-Pacific during the projection period owing to the growing economies like China, India, Japan, Korea, and Taiwan that have become favorable regions for foreign investments which are also coupled with the growing efforts of the governments for internal development.
The global polishing/lapping film market is dominated by players like 3M Electronics, Futamura Chemical Co., Henan Union Abrasives Corp., and Fiber Instruments Sales Inc., amongst others.
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