Market Overview:
The global furniture polish market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for furniture polish from various end-use industries, such as household, corporate offices, hospitality, educational institutes, restaurants & cafes and others. In terms of type, the solvent-based furniture polish segment is expected to lead the market during the forecast period owing to its properties such as high gloss finish and long lasting shine.
Product Definition:
A furniture polish is a substance used to clean, protect and polish the surfaces of furniture. It may be a liquid, cream or aerosol.
Solvent:
Solvent is a chemical which dissolves the urethane, polyurethane and resins in furniture polishing. It helps to remove the unwanted substance from wood or any other material. The most commonly used solvent is acetone as it can dissolve almost all substances including grease, wax, paint & many more. Acetone based solvent are mostly used for removing paints & coatings but they can also be used for removing stains like blood from clothes or skin.
Liquid:
Liquid is a suspension of solid particles in a liquid carrier. It can be used as furniture polish or to give the surface of an object a high gloss. The most commonly used liquid for polishing purposes is acetone, which has the advantage over other solvents that it evaporates quickly and does not leave any harmful residue on objects when it comes in contact with them.
Application Insights:
The corporate offices application segment led the global furniture polish market in 2017. This is attributed to the rising demand for furniture from various sectors, including IT & telecom, BFSI, and others. Thecorporate office space requires periodic cleaning to maintain its appearance and enhance employee productivity. Furniture polish is used to remove stains and create a glossy finish on wooden surfaces.
The household sector has also been growing significantly over the past few years owing to increasing purchasing power of middle-class income groups across developing countries such as China India and Brazil who are increasingly spending their extra money on home dĩcor rather than personal accessories such as watches or jewelry which were previously considered expensive items for them only reserved for special occasions or parties only.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of over 5% from 2018 to 2030. This can be attributed to increasing disposable income, high standard of living, and changing consumer preferences towards home d©cor products for living room and bedroom furniture. Moreover, rising awareness regarding health issues caused due to unclean household furniture is anticipated to drive the demand for domestic cleaning products in this region over the forecast period.
Asia Pacific has emerged as one of the fastest-growing regions with a CAGR exceeding 6% from 2018 to 2030 owing herringbone patterning on dining tables and chairs along with low priced options available in countries like China and India that have been exporting these products globally owing their lower production cost coupled with skilled labor at minimal cost thus making it an ideal manufacturing hub for global manufacturers looking outsource production activities within Asia Pacific Region thereby driving regional product demand over next eight years time frame.
Growth Factors:
- Increasing disposable income of consumers: The growth in the furniture polish market is mainly attributed to the increasing disposable income of consumers, which has led to an increase in their purchasing power.
- Rising demand for premium-quality furniture polish: There is a growing demand for premium-quality furniture polish products, as they offer better protection and shine to the furniture surfaces. This is driving the growth of high-end brands in the market.
- Growing popularity of DIY home improvement projects: Homeowners are increasingly undertaking DIY home improvement projects, which has resulted in an increase in demand for furniture polish products.
- Proliferation of online retail channels: The proliferation of online retail channels has made it easier for consumers to purchase furniture polish products conveniently and at affordable prices. This is contributing significantly to the growth of the market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Furniture Polish Market Research Report
By Type
Solvent, Liquid, Aerosols
By Application
Household, Corporate Offices, Hospitality, Educational Institutes, Restaurants & Cafes, Others
By Companies
Cleenol Group, Liberon Limited, Reckitt Benckiser, S.C. Johnson & Son, Sherwin-Williams, PPG Industries, Akzo Nobel, Altana AG, Axalta Coating Systems, RPM International, Blendwell Chemicals, Milsek Furniture Polish, Golden Star
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Furniture Polish Market Report Segments:
The global Furniture Polish market is segmented on the basis of:
Types
Solvent, Liquid, Aerosols
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
Household, Corporate Offices, Hospitality, Educational Institutes, Restaurants & Cafes, 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:
- Cleenol Group
- Liberon Limited
- Reckitt Benckiser
- S.C. Johnson & Son
- Sherwin-Williams
- PPG Industries
- Akzo Nobel
- Altana AG
- Axalta Coating Systems
- RPM International
- Blendwell Chemicals
- Milsek Furniture Polish
- Golden Star
Highlights of The Furniture Polish 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:
- Solvent
- Liquid
- Aerosols
- By Application:
- Household
- Corporate Offices
- Hospitality
- Educational Institutes
- Restaurants & Cafes
- 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 Furniture Polish 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?
Furniture polish is a type of polish that is used to clean furniture. It can be used on wood, metal, and other materials.
Some of the key players operating in the furniture polish market are Cleenol Group, Liberon Limited, Reckitt Benckiser, S.C. Johnson & Son, Sherwin-Williams, PPG Industries, Akzo Nobel, Altana AG, Axalta Coating Systems, RPM International, Blendwell Chemicals, Milsek Furniture Polish, Golden Star.
The furniture polish market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Furniture Polish Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Furniture Polish Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Furniture Polish Market - Supply Chain
4.5. Global Furniture Polish Market Forecast
4.5.1. Furniture Polish Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Furniture Polish Market Size (000 Units) and Y-o-Y Growth
4.5.3. Furniture Polish Market Absolute $ Opportunity
5. Global Furniture Polish Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Furniture Polish Market Size and Volume Forecast by Type
5.3.1. Solvent
5.3.2. Liquid
5.3.3. Aerosols
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Furniture Polish Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Furniture Polish Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Corporate Offices
6.3.3. Hospitality
6.3.4. Educational Institutes
6.3.5. Restaurants & Cafes
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Furniture Polish Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Furniture Polish Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Furniture Polish Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Furniture Polish Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Furniture Polish Demand Share Forecast, 2019-2026
9. North America Furniture Polish Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Furniture Polish Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Furniture Polish Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Corporate Offices
9.4.3. Hospitality
9.4.4. Educational Institutes
9.4.5. Restaurants & Cafes
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Furniture Polish Market Size and Volume Forecast by Type
9.7.1. Solvent
9.7.2. Liquid
9.7.3. Aerosols
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Furniture Polish Demand Share Forecast, 2019-2026
10. Latin America Furniture Polish Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Furniture Polish Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Furniture Polish Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Corporate Offices
10.4.3. Hospitality
10.4.4. Educational Institutes
10.4.5. Restaurants & Cafes
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Furniture Polish Market Size and Volume Forecast by Type
10.7.1. Solvent
10.7.2. Liquid
10.7.3. Aerosols
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Furniture Polish Demand Share Forecast, 2019-2026
11. Europe Furniture Polish Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Furniture Polish Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Furniture Polish Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Corporate Offices
11.4.3. Hospitality
11.4.4. Educational Institutes
11.4.5. Restaurants & Cafes
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Furniture Polish Market Size and Volume Forecast by Type
11.7.1. Solvent
11.7.2. Liquid
11.7.3. Aerosols
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Furniture Polish Demand Share, 2019-2026
12. Asia Pacific Furniture Polish Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Furniture Polish Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Furniture Polish Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Corporate Offices
12.4.3. Hospitality
12.4.4. Educational Institutes
12.4.5. Restaurants & Cafes
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Furniture Polish Market Size and Volume Forecast by Type
12.7.1. Solvent
12.7.2. Liquid
12.7.3. Aerosols
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Furniture Polish Demand Share, 2019-2026
13. Middle East & Africa Furniture Polish Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Furniture Polish Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Furniture Polish Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Corporate Offices
13.4.3. Hospitality
13.4.4. Educational Institutes
13.4.5. Restaurants & Cafes
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Furniture Polish Market Size and Volume Forecast by Type
13.7.1. Solvent
13.7.2. Liquid
13.7.3. Aerosols
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Furniture Polish Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Furniture Polish Market: Market Share Analysis
14.2. Furniture Polish Distributors and Customers
14.3. Furniture Polish Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cleenol Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Liberon Limited
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Reckitt Benckiser
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. S.C. Johnson & Son
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sherwin-Williams
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. PPG Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Akzo Nobel
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Altana AG
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Axalta Coating Systems
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. RPM International
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Blendwell Chemicals
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Milsek Furniture Polish
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Golden Star
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
