Market Overview:
The global shoe wax 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 factors such as rising demand for premium shoes, increasing awareness about shoe care, and growing demand for eco-friendly products. In terms of type, the wax polish segment is expected to lead the global shoe wax polish market during the forecast period. This can be attributed to its properties such as water resistance and shine enhancement. In terms of application, the household segment is expected to lead the global shoe wax Polish market duringthe forecast period owingtoits high adoption rates in developed countries.
Product Definition:
A wax polish for shoes, composed of beeswax, carnauba wax, or other natural waxes, and sometimes containing oil or turpentine. It is used to protect the leather from water and dirt and to give it a shine.
Wax Polish:
Wax polish is a hardening agent used in shoe polish to make it waterproof. It also helps in making the surface resistant to grease, oil and water. The product is made from paraffin wax, microcrystalline wax or polyethylene wax which are derived from crude oil. Wax polishes are available as liquid or solid and can be applied by brush, cloth or spray can.
The global market for shoe polish was estimated at USD 2 billion in 2015.
Cream Polish:
Cream polish is a type of shoe polish that is used to add shine and enhance the appearance of shoes. It contains numerous ingredients such as silicone, polyurethane, mineral oil & waxes among others which give it an edge over other types of polishes available in the market. The product also provides protection against moisture & water along with enhancing its look hence making it popular among consumers.
The global cream polish market size was valued at USD 537 million in 2015.
Application Insights:
The commercial application segment accounted for the largest share of more than 70.0% in 2017. The growing shoe polish industry, particularly in emerging economies such as China and India is expected to be a major factor driving the demand for shoes wax polish over the forecast period. In addition, increasing investments by foreign players are expected to further boost market growth over the next eight years. For instance, in 2015 Nike Inc., one of America¢â‚¬â„¢s leading sportswear manufacturing company has established its regional office in Guangzhou, China with an investment worth USD 120 million to expand its operations into Greater Asia region which includes Japan and Australia too.
Regional Analysis:
North America was the largest market for shoe polish and accounted for a share of more than 30.0% in 2017 owing to high demand from consumers as well as from professionals. The region is home to several professional sports leagues such as National Basketball Association (NBA), National Football League (NFL), Major League Baseball (MLB) among others that require players to clean and maintain their shoes properly. This trend is expected to have a positive impact on the industry growth over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions with a CAGR exceeding 6% during the forecast years due, in part, large population base with rising disposable income levels coupled with increasing awareness regarding personal grooming among men and women alike.
Growth Factors:
- Increasing demand from the footwear industry for high-quality shoe wax polish to enhance the appearance and durability of shoes.
- Growing popularity of DIY (Do It Yourself) culture, which has led to an increase in the number of consumers who are interested in using shoe wax polish to care for their own shoes.
- Rising awareness among consumers about the benefits of using shoe wax polish, such as protection against water and dirt penetration, enhanced shine, and extended lifespan of shoes.
- Proliferation of online platforms that offer a wide range of shoe wax polishes from different brands at competitive prices, making it easier for consumers to compare and select products according to their needs and preferences.
Scope Of The Report
Report Attributes
Report Details
Report Title
Shoe Wax Polish Market Research Report
By Type
Wax Polish, Cream Polish, Liquid Polish
By Application
Household, Commercial
By Companies
Johnson, Lincoln, Cherry Blossom, Cadillac Products, Griffin Products, Lexol Products, Meltonian Products, Moneysworth & Best, Fiebing, TRG Shoe Cream, Johnson, Angelus Products, Penguin Products, AVEL, Sof Sole Products, Tacco Products
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 Shoe Wax Polish Market Report Segments:
The global Shoe Wax Polish market is segmented on the basis of:
Types
Wax Polish, Cream Polish, Liquid Polish
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, Commercial
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:
- Johnson
- Lincoln
- Cherry Blossom
- Cadillac Products
- Griffin Products
- Lexol Products
- Meltonian Products
- Moneysworth & Best
- Fiebing
- TRG Shoe Cream
- Johnson
- Angelus Products
- Penguin Products
- AVEL
- Sof Sole Products
- Tacco Products
Highlights of The Shoe Wax 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:
- Wax Polish
- Cream Polish
- Liquid Polish
- By Application:
- Household
- Commercial
- 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 Shoe Wax 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
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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?
Shoe Wax Polish is a polish that is used to clean and shine shoes.
Some of the major players in the shoe wax polish market are Johnson, Lincoln, Cherry Blossom, Cadillac Products, Griffin Products, Lexol Products, Meltonian Products, Moneysworth & Best, Fiebing, TRG Shoe Cream, Johnson, Angelus Products, Penguin Products, AVEL, Sof Sole Products, Tacco Products.
The shoe wax polish 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 Shoe Wax Polish 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 Shoe Wax Polish Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Shoe Wax Polish 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 Shoe Wax Polish 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 Shoe Wax Polish Market Size & Forecast, 2020-2028
4.5.1 Shoe Wax Polish Market Size and Y-o-Y Growth
4.5.2 Shoe Wax Polish Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Wax Polish
5.2.2 Cream Polish
5.2.3 Liquid Polish
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Shoe Wax Polish 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 Shoe Wax Polish 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Wax Polish
9.6.2 Cream Polish
9.6.3 Liquid Polish
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 Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Wax Polish
10.6.2 Cream Polish
10.6.3 Liquid Polish
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 Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Wax Polish
11.6.2 Cream Polish
11.6.3 Liquid Polish
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 Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Wax Polish
12.6.2 Cream Polish
12.6.3 Liquid Polish
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 Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Wax Polish
13.6.2 Cream Polish
13.6.3 Liquid Polish
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) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
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 Shoe Wax Polish Market: Competitive Dashboard
14.2 Global Shoe Wax Polish Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson
14.3.2 Lincoln
14.3.3 Cherry Blossom
14.3.4 Cadillac Products
14.3.5 Griffin Products
14.3.6 Lexol Products
14.3.7 Meltonian Products
14.3.8 Moneysworth & Best
14.3.9 Fiebing
14.3.10 TRG Shoe Cream
14.3.11 Johnson
14.3.12 Angelus Products
14.3.13 Penguin Products
14.3.14 AVEL
14.3.15 Sof Sole Products
14.3.16 Tacco Products
