The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s Furniture Polish Global Market Report 2023 offers crucial insights into the furniture polish market help businesses analyse and build stronger strategies.

Market Momentum
The furniture polish market has experienced a robust surge in recent years, showcasing a growth trajectory that propels it from $10.2 billion in 2023 to $10.96 billion in 2024, with a noteworthy Compound Annual Growth Rate (CAGR) of 7.4%. This upward trend can be attributed to several key factors, including the prevalence of wooden furniture, shifting consumer lifestyles, heightened environmental awareness, and effective marketing and branding strategies.

Future Forecasts
As we look ahead, the market is poised for continued expansion, with a forecasted size of $14.07 billion in 2028, boasting a CAGR of 6.5%. The anticipated growth in the forecast period is driven by factors such as the emphasis on sustainability and green products, the flourishing e-commerce landscape, prevailing home improvement trends, and the rising demand for premium and specialty furniture care products.

Construction Boom and Market Growth
The burgeoning construction activities worldwide are anticipated to play a pivotal role in propelling the furniture polish market to new heights. With furniture polish being a crucial component in protecting wooden elements of construction like window frames, doors, cabinets, and countertops, the increasing global construction output, projected to reach $15.2 trillion by 2030, serves as a significant driver for market growth.

Key Players in the Industry
Major players shaping the furniture polish market include industry giants like The Sherwin-William Company, Reckitt Benckiser PLC, Axalta Coating Systems Ltd., and many others. This diverse array of companies contributes to the competitive and innovative spirit of the market.

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Innovative Products Redefining Success
Innovation takes center stage in the furniture polish market, with major companies introducing groundbreaking products. One notable example is Furniture Clinic Limited’s Leather Polish, launched in March 2021. This product boasts advanced barrier protection technology, creating a shield against spills, stains, odors, moisture, allergens, and microbial growth. It not only enhances the appearance of leather furniture but also nourishes and protects, ensuring longevity.

Strategic Acquisitions and Industry Dynamics
The furniture polish industry is witnessing strategic acquisitions that shape the market landscape. In January 2022, OpenGate Capital acquired Chemisphere Corporation, reinforcing its position in specialty chemicals. Chemisphere Corporation, known for its premium lemon oil furniture polish and cleaner, aligns with the industry’s focus on quality and specialty offerings.

Market Segmentation

The furniture polish market is segmented based on key parameters:

• Product: Solvent, Liquid, Aerosols
• Source: Alkyd, Melamine, Polyester, Lacquer, Other Sources
• Sales Channel: Wholesaler or Distributors, Supermarket or Hypermarkets, Specialty Stores, Online Stores
• End Use: Household, Corporate Offices, Hospitality, Educational Institutes, Restaurants and Cafes, Furniture Manufacturers, Other End Uses

Regional Dynamics
In 2023, North America emerged as the largest region in the furniture polish market, highlighting its significant presence. Looking forward, Asia-Pacific is expected to be the fastest-growing region in the forecast period, underscoring the region’s potential in shaping the future of the furniture polish industry.

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The Furniture Polish Global Market Report 2023  provides a comprehensive outlook of the furniture polish market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The furniture polish market forecast offers a thorough analysis on furniture polish market size, furniture polish market share, prominent players and their strategies.

The Table Of Content For The Furniture Polish Market Include:
1. Furniture Polish Market Executive Summary
2. Furniture Polish Market Segments
3. Furniture Polish Market Size And Furniture Polish Market Growth Rate
4. Key Furniture Polish Market Trends
5. Major Furniture Polish Market Drivers
……
25. Key Mergers And Acquisitions In The Furniture Polish Market
26. Top Furniture Polish Companies
27. Furniture Polish Market Opportunities And Strategies
28. Furniture Polish Market, Conclusions And Recommendations
29. Appendix

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