Understanding the Furniture Polish Market’s Growth Prospects from 2024 to 2033
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What is the Expected Growth Rate of the Furniture Polish Market from 2024 to 2033?
The furniture polish market size has seen strong growth, projected to rise from $10.2 billion in 2023 to $10.96 billion in 2024, at a CAGR of 7.4%. This growth is attributed to the prevalence of wooden furniture, changes in consumer lifestyle, environmental awareness, and marketing and branding efforts.
The furniture polish market is projected to grow strongly, reaching $14.07 billion by 2028 with a CAGR of 6.5%. The growth is attributed to sustainability, e-commerce, home improvement trends, and premium products. Key trends include smart home technology, plant-based formulas, digital marketing, and collaboration with furniture manufacturers.
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The rising use of wood is projected to drive the furniture polish market’s growth. Wood, essential for furniture, benefits from polish to enhance appearance and durability. Finland’s Natural Resources Institute noted in November 2022 that round wood usage increased by 9% to 85.2 million cubic meters in 2021, with wood waste rising by 17% to 27.7 million cubic meters. Thus, the rising use of wood fuels the furniture polish market.
1) By Product: Solvent, Liquid, Aerosols
2) By Source: Alkyd, Melamine, Polyester, Lacquer, Other Sources
3) By Sales Channel: Wholesaler Or Distributors, Supermarket Or Hypermarkets, Specialty Stores, Online Stores
4) By End Use: Household, Corporate Offices, Hospitality, Educational Institutes, Restaurants And Cafes, Furniture Manufacturers, Other End Uses
Major players in the furniture polish market are developing products like Leather Polish with advanced barrier protection technology to protect furniture surfaces. In March 2021, Furniture Clinic Limited launched a high-end leather polish with water-based protection that nourishes, enhances color, and protects leather from drying or becoming brittle, incorporating a mix of silicones and waxes for superior durability.
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Asia-Pacific was the largest region in the tappet market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the tappet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Furniture Polish Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the furniture polish market, its market share, and analyzes key competitors along with their market positions.
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 Template 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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