Furniture Polish Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Sarasota, FL -- (SBWire) -- 04/04/2019 --Global Furniture Polish Market: Overview

Thriving construction activities across the globe have opened new growth horizons for the furniture sector and this are turn has created a massive demand for furniture polish. The product is also used in furniture to impart an aesthetic value/appeal to the furniture may it be household furniture or office furniture in residential as well as commercial sectors.

Global Furniture Polish Market: Growth Factors

The rise in furniture exports and high production of furniture has resulted in the escalating demand for furniture polish in recent years. Technological restructurings and extensive analysis of end-user business requirements have turned out to be key elements profitably influencing the growth of furniture polish market.

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Furniture polish finds a plethora of applications in the household as well as commercial sectors as it can clean and polish any kind of furniture, ranging from wooden desks, panels, kitchen cabinets, table tops to woodwork. In addition, 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 has resulted in more awareness about the product among the consumers. This, in turn, is anticipated to create lucrative growth avenues for the market in the coming decade. Manufacturers are using various integrated marketing communication tools to promote and advertise their products through various media and are trying to occupy larger shelves in the retail shops along with maintaining an effective distribution channel. This is likely to effectually leverage the growth of furniture polish market over the coming years.

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.

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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, subject to massive product demand across countries such as China and India where a burgeoning middle class continues to create sustained opportunities for manufacturers. With 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 decade and the regional market has huge growth potential.

Global Furniture Polish Market: Competitive Players

Some of the key players in the furniture polish market are 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 U.S.

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Global Furniture Polish Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific