Furniture Polish Market Size, Share, Growth Report 2032

Global Furniture Polish Market: Overview

Furniture polish is referred as pastes, creams, or lotions which are used to clean and protect wooden furniture. The product is also used in furniture to impart an aesthetic value to the furniture may it be household furniture or office furniture in residential as well as commercial sectors. There is an increase in the demand for furniture polish due to flourishing construction activities.

The furniture polish market was valued at USD 8,433.7 million in 2019 and is forecasted to reach USD 13,101.3 million by 2026, at a CAGR of 5.0% due to factors such as investments in smart city project, increasing marketing campaigns for commercial & residential building accommodation with ready to use furniture, changing lifestyle of people, etc.

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Global Furniture Polish Market: Growth Factors

Increasing demand for commercial & residential spaces equipped with harm-resistant features, rise in furniture exports and high production of furniture has resulted in the rapid demand for furniture polish. Due to the changing consumer preferences various furniture polish producers have been strategizing on introducing new variants of furniture polish products to cater to the varying demand from its target customers. This will drive the growth of the furniture polish market globally. Increasing disposable income along with government investments pertaining to infrastructure developments will further improve the industry size.

The furniture polish market has been impacted globally due to the Covid-19 outbreak and the measures to contain it. However, the rising trend of the online retailing & shopping activities among the customers along with an increase in the online promotional activities by the product manufacturers is anticipated to create lucrative growth avenues for the market in the coming decade. For example, in 2018, Sherwin-Williams – a prominent player in the global furniture polish market – launched an online tool that provides detailed specifications of furniture polish products for the North America market.

Report Scope:

Global Furniture Polish Market: Segmentation

The global furniture polish market is segmented into product type, source, end-use, and sales channel. On the basis of product type, the market is sectored into solvent, liquid, and aerosols. Based on the source, the furniture polish market is divided into alkyd, melamine, polyester, lacquer, and others. On the basis of end-use, the furniture polish market is classified into the household, corporate offices, hospitality, educational institutes, restaurants & cafes, furniture manufacturers, and others. Based on the sales channel, the market is divided into wholesalers, distributors, hypermarket, supermarket, specialty store, and online store.

Global Furniture Polish Market: Regional Analysis

Based on regions, the global furniture polish market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific furniture polish market is likely to witness a lucrative growth over the years to come, due to rapid urbanization, massive product demand across countries such as China and India where a burgeoning middle class continues to create sustained opportunities for manufacturers. With improved investment in construction, massive sales of furniture and the presence of giant players in countries such as the U.S, the furniture polish market in North America is likely to gain traction over the coming years. With the presence of reputed firms such as IKEA, the European market is likely to witness tremendous growth. In addition, massive demand from EU5 nations will further proliferate the growth trends of furniture polish market in Europe.

In addition, the Middle East and Africa (MEA) market are likely to offer lucrative avenues for furniture polish manufacturers over the coming years and the regional market has huge growth potential.

Global Furniture Polish Market: Competitive Players

Some of the key players operating in the furniture polish market include ltana, Cleenol Group Ltd., Liberon Limited, Reckitt Benckiser Group plc (Old English), S.C. Johnson & Son, Inc. (Pledge), The Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., Axalta Coating Systems, Masco Cabinetry, LLC, RPM Wood Finishes Group, Blend well Chemicals, Milsek Furniture Polish Inc., Golden Star Inc., Blanchon UK Ltd, Movac Group, Chestnut Products, Teknos (UK) Ltd, Symphony Coatings Group Ltd and Bona US. The key manufacturers are implementing various strategies such as merger and acquisition, expansion of customer base, innovation in furniture polish, product launch to remain competitive over others in the market.

Global Pharmacovigilance Outsourcing Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa