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Furniture Polish Market

Global Furniture Polish Market Size, Share, Growth, Trends: By Product Type: Solvent, Liquid, Aerosol, Others; By End Use: Commercial, Residential; By Distribution Channel: Direct, Indirect; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032

Global Furniture Polish Market Outlook

The global furniture polish market size reached approximately USD 10.52 billion in 2023. The market is projected to grow at a CAGR of 6.5% between 2024 and 2032, reaching a value of around USD 18.53 billion by 2032.

 

Key Trends in the Market

Furniture polish is a substance that is applied on the surface of furniture to provide it a glossy finish. These polishes are also used for cleaning the surface of the furniture as they aid in removing dirt and removing fingerprints. They also provide protection to the furniture against abrasions and scratches.

 

  • Rapidly increasing population is augmenting the expansion of the residential sector, thereby bolstering the requirement for home furniture. The growing need to maintain and protect the furniture from pollution, among other external agents is increasing the requirement for furniture polish across the globe.
  • Increasing investment by key manufacturers towards research and development (R&D) of sustainable and eco-friendly furniture polishes is one of the prominent market trends. Due to rising environmental consciousness and increasing focus on reducing carbon emissions, the demand for polishes with low or no-VOC (Volatile Organic Compound) formulas is surging, especially for indoor painting projects, thereby enhancing the furniture polish market demand.
  • The expansion of the hospitality sector supports the market for luxurious furniture and, in turn, contributes to  the demand for highly-effective cleaning chemicals and polishes. This increase can be attributed to the rise in disposable incomes and growing requirement for rest and relaxation due to lifestyle complexities.
  • The growing popularity of DIY home improvement projects due to increasing influence of social media and easy availability of necessary products and equipment across different distribution channels is supporting the market expansion. Additionally, the rising preference for wooden accessories and furniture is boosting the demand for furniture polishes as they aid in enhancing and maintaining the aesthetic appeal of the furniture.

 

Furniture Polish Market Segmentation

Based on product type, the market is classified into solvent, liquid, and aerosol, among others. On the basis of end use, the market is divided into commercial and residential. Based on distribution channel, the market is categorised into direct and indirect. On the basis of region, the market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • S.C. Johnson & Son, Inc. (Pledge)
  • Reckitt Benckiser Group Plc
  • Akzo Nobel N.V.
  • The Sherwin-Williams Company 
  • Asian Paints Limited 
  • PPG Industries, Inc. 
  • Milsek Furniture Polish LLC 
  • Altana AG 
  • Liberon Limited 
  • Others

 

Furniture Polish Market Analysis

Market Share by Product Type

Liquid formulations, among other product types, are anticipated to account for a significant furniture polish market share due to the convenience offered by them. These polishes are versatile and easy to use and contain a blend of oil and solvent, increasing their popularity among the consumers across the globe. Both solvent and aerosol-based furniture polishes have various benefits, however due to the various negative environmental effects associated with their utilisation, the preference for liquid based furniture polishes is increasing among environmentally conscious consumers.

 

Market Share by Region

The Asia Pacific accounts for a significant market share owing to rapid urbanisation, high production of furniture in the region, and increase in furniture export, among others. Rising disposable income of people, along with increasing government investments towards the development of residential and public infrastructure, is aiding the market expansion. Rising disposable incomes are allowing consumers to invest in high-quality furniture polishes for preserving and enhancing the lifespan of their furniture. Due to the increasing focus on creating aesthetically pleasing interiors and ultramodern spaces, the requirement for furniture maintenance is rising, boosting the furniture polish market growth.

 

Competitive Landscape

S.C. Johnson & Son, Inc. (Pledge) is a multinational manufacturing company that was founded in 1886 and provides household cleaning supplies and other consumer chemicals. The company is headquartered in Wisconsin, United States and is also known for providing high quality products to their customers for home storage, air care, and shoe care, among others.

 

Reckitt Benckiser Group Plc, founded in 2007, is a multinational consumer goods manufacturing company that is headquartered in Berkshire, United Kingdom. The company is widely known for producing and supplying consumers with health, hygiene, and nutrition related products.

 

Akzo Nobel N.V. is a paint and coatings manufacturing company that was founded in 1994 and is headquartered in Amsterdam, Netherlands. The company creates paints and performance coatings for various industries across the globe.

 

Other global furniture polish market players include The Sherwin-Williams Company, Asian Paints Limited, PPG Industries, Inc., Milsek Furniture Polish LLC, Altana AG, and Liberon Limited, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • End Use
  • Distribution Channel
  • Region
Breakup by Product Type
  • Solvent
  • Liquid
  • Aerosol
  • Others
Breakup by End Use
  • Commercial
  • Residential
Breakup by Distribution Channel
  • Direct
  • Indirect
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • S.C. Johnson & Son, Inc. (Pledge)
  • Reckitt Benckiser Group Plc
  • Akzo Nobel N.V.
  • The Sherwin-Williams Company 
  • Asian Paints Limited 
  • PPG Industries, Inc. 
  • Milsek Furniture Polish LLC 
  • Altana AG 
  • Liberon Limited 
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description   
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Furniture Polish Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Furniture Polish Historical Market (2018-2023) 
    8.3    Global Furniture Polish Market Forecast (2024-2032)
    8.4    Global Furniture Polish Market by Product Type
        8.4.1    Solvent
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Liquid
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Aerosol
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Furniture Polish Market by End Use
        8.5.1    Commercial
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Residential
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Furniture Polish Market by Distribution Channel
        8.6.1    Direct
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Indirect
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Furniture Polish Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Furniture Polish Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Furniture Polish Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Furniture Polish Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Furniture Polish Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Furniture Polish Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    S. C. Johnson & Son, Inc. (Pledge) 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Reckitt Benckiser Group Plc 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Akzo Nobel N.V. 
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    The Sherwin-Williams Company 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Asian Paints Limited 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    PPG Industries, Inc. 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Milsek Furniture Polish LLC 
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Altana AG 
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Liberon Limited 
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Furniture Polish Market: Key Industry Highlights, 2018 and 2032
2.    Global Furniture Polish Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3.    Global Furniture Polish Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4.    Global Furniture Polish Historical Market: Breakup by End Use (USD Billion), 2018-2023
5.    Global Furniture Polish Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6.    Global Furniture Polish Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7.    Global Furniture Polish Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8.    Global Furniture Polish Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Furniture Polish Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Furniture Polish Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Furniture Polish Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Furniture Polish Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Furniture Polish Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Furniture Polish Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Furniture Polish Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Furniture Polish Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Furniture Polish Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Furniture Polish Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Furniture Polish Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Furniture Polish Market Structure

Key Questions Answered in the Report

What was the global furniture polish market value in 2023?

In 2023, the market reached an approximate value of USD 10.52 billion.

What is the growth rate of the global furniture polish market?

The market is projected to grow at a CAGR of 6.5% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market for furniture polish is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 18.53 billion by 2032.

What are the major market drivers?

The market is driven by growing urbanisation, increasing demand for furniture to enhance the overall aesthetic of interiors, and rising disposable incomes.

What are the major furniture polish market trends?

The major trends in the market are growing popularity of DIY home improvement projects and increasing efforts towards the development of sustainable furniture polishes.

What are the major regional markets for furniture polish, according to the EMR report?

The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the significant product types available in the market?

The significant product types include solvent, liquid, and aerosol, among others.

Who are the key market players, according to the furniture polish market report?

The key players in the market include S.C. Johnson & Son, Inc. (Pledge), Reckitt Benckiser Group Plc, Akzo Nobel N.V., The Sherwin-Williams Company, Asian Paints Limited, PPG Industries, Inc., Milsek Furniture Polish LLC, Altana AG, and Liberon Limited, among others.

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