Growth Opportunities and Trends in the Furniture Polish Market: Key Insights for 2025-2034
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What key factors are powering the surge in the Furniture Polish market right now?
The size of the furniture polish market has seen significant expansion in the past few years. It is projected to rise from $10.96 billion in 2024 to $11.75 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.2%. This growth in the historical timeline can be linked to the rise in the popularity of wooden furniture, shifts in consumer lifestyles, increased environmental consciousness, and effective marketing and branding strategies.
How fast Is the furniture polish market expected to grow, and what’s its future value?
The market size for furniture polish is forecasted to witness considerable growth in the upcoming years, reaching a valuation of $15.09 billion by 2029 with a 6.5% compound annual growth rate (CAGR). Factors contributing to this growth in the forecast period include the rise of sustainable and eco-friendly products, the expansion of e-commerce, evolving home improvement trends, and an increase in demand for premium and specialty items. Key trends during the forecast period encompass the integration of smart home technology, the use of plant-based formulas, the influence of digital marketing, and affiliations with furniture manufacturers.
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What are the leading drivers of growth in the furniture polish market?
The heightened use and dependency on wood is forecasted to spur the expansion of the furniture polish market in the long run. Wood, being a natural extract from tree roots, stems, and branches, is utilized for the creation of wood-based products. The application of furniture polish on wood provides a range of advantages, including surface safeguarding and flexibility for the preservation and enhancement of the aesthetics and life span of wooden surfaces and furniture. For example, a study published by Nature, a scientific journal based in the UK, in October 2023, projected a surge in the worldwide consumption of primary processed wood products between 60% and 170% by 2050. Thus, the burgeoning use of wood is catalysing the expansion of the furniture polish market.
Furniture Polish Market Driver: Impact of the Upsurge in Construction Activities on the Expansion of the Furniture Polish
What are the key segments defining the furniture polish market?
The furniture polish market covered in this report is segmented –
1) By Product: Solvent, Liquid, Aerosols
2) By Source: Alkyd, Melamine, Polyester, Lacquer, Other Sources
3) By Sales Channel: Wholesaler Or Distributors, Super market Or Hyper markets, Specialty Stores, Online Stores
4) By End Use: Household, Corporate Offices, Hospitality, Educational Institutes, Restaurants And Cafes, Furniture Manufacturers, Other End Uses
Subsegments:
1) By Solvent: Oil-Based Solvent, Water-Based Solvent
2) By Liquid: Spray Liquid, Pour Liquid
3) By Aerosols: Pressurized Aerosol, Trigger Spray Aerosol
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Who are the key players steering the development of the furniture polish market?
Major companies operating in the furniture polish market are The Sherwin-William Company, Reckitt Benckiser PLC, Axalta Coating Systems Ltd., The Valspar Corporation, Asian Paints Ltd., Bolton Group LLC, Teknos (UK) Ltd., ICA Pidilite Industries Limited, Bona AB, Weiman Products LLC, RPM Wood Finishes Group, Riverside Paper Co. Inc., Cleenol Group Ltd., Mohawk Finishing Products, Golden Star Inc., A. W. Meyer Co., Clair Engineers Pvt. Ltd., S.C. Johnson & Son Inc., Starco Chemical Co. Inc., Akzo Nobel N.V., Howard Products Inc., Tropical Products Inc., Touch And Glow, Liberon, Blanchon UK Ltd., Milsek Furniture Polish Inc.
What emerging trends are influencing the growth of the furniture polish market?
Leading businesses in the furniture polish market are introducing innovative solutions like water-based wood polish to elevate their market profits. This kind of wood polish primarily uses water as a solvent, making it fast-drying, eco-friendly and low in volatile organic compounds (VOCs), an ideal choice for improving and safeguarding wood surfaces. For example, Sherwin-Williams Company, a paint and coating manufacturing firm based in the US, unveiled its latest product – the SHER-WOOD EA Hydroplus water-based wood coating – in November 2024. This product was created to adapt to a variety of environmental conditions and boasts improved film hardness, chemical durability, and a low VOC content. Designed for industries like kitchen cabinets and furniture, it offers a high-performance, environmentally-friendly coating option with excellent flow, levelness, and resistance to scratches.
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Which regions are most influential in expanding the furniture polish market?
North America was the largest region in the furniture polish market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in furniture polish market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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