14-Jan-2021 | Zion Market Research
As per Zion Market Research, the global furniture polish market was estimated at US$ 8,434 million during 2019 and is likely to attain US$ 13,100 million by 2025, growing at a CAGR of 5.2% during the forecasted period. The global furniture market is witnessing noteworthy growth in terms of value sales, which can be accredited to the surging demand from different regions, particularly those across North America and Asia-Pacific. Attributing to the augment in the number of consumers in the worldwide furniture industry, the industry has been transforming regarding product offerings plus quality. With the surge in the number of furniture installations in commercial and household sectors, retaining furniture and protecting it from filth and other external aspects has become vital.
Some of the leading players in the market are Liberon Limited, Altana, Cleenol Group Ltd., S.C. Johnson & Son, Inc., PPG Industries Inc., Akzo Nobel N.V., The Sherwin-Williams Company, RPM Wood Finishes Group, Masco Cabinetry, LLC, Golden Star Inc., Milsek Furniture Polish Inc., Movac Group, Teknos (UK) Limited, Chestnut Products, Bona US, Symphony Coatings Group Ltd., Reckitt Benckiser Group plc (Old English), Axalta Coating Systems, Blendwell Chemicals, and Blanchon UK Ltd.
Mergers And Acquisitions To Boost Up The Global Furniture Polish Market
The convergence of different aspects, like the augmentation of the customer base and unstable consumer perception, has induced various important furniture polish producers to opt for essential strategies in terms of generating sales across the global market. Mergers and acquisitions are considered as one of the important strategies adopted by different furniture polish producers to generate sales plus expand operations in international and domestic markets.
The global furniture polish market is bifurcated on the basis of type, applications, and geography. Based on the type, the market is divided into liquid, solvent, and aerosols. On account of the applications, the market is divided into households, restaurants & cafes, corporate offices, hospitality, educational institutes, and others.
North America And Asia-Pacific To Record Major Growth In The Global Furniture Polish Market
Based on the geographical analysis, the global furniture polish market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The global furniture market is witnessing major growth concerning value sales, which can be attributed to the increasing demand from different nations, especially those in North America and Asia-Pacific. Referring to the augmentation in the number of consumers in the worldwide furniture industry, the industry has been developing regarding product offerings plus quality. Many furniture polish producers now consider online platforms as a chief tool in inducing demand plus sales for their different furniture polish products. For example, during 2018, Sherwin-Williams—a famous manufacturer in the global furniture polish market—released an online tool that presents detailed specifications of its different furniture polish products across the North America market.
Browse the full “Global Furniture Polish Market By Product Type (Solvent, Liquid And Aerosols), Source (Alkyd, Melamine, Polyester, Lacquer And Others), End-Use (Household, Corporate Offices, Hospitality, Educational Institutes, Restaurants & Cafes, Furniture Manufacturers And Others), Sales Channel (Wholesaler/Distributors, Supermarket/Hypermarkets And Online Stores) : Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/furniture-polish-market
The global furniture polish market is segmented as follows:
Based on the type:
Based on the applications:
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