Furniture Polish Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently published an in-depth analysis of the global Furniture Polish Market, offering a comprehensive overview of key market dynamics, growth drivers, challenges, and emerging trends. This report provides valuable insights into the Furniture Polish Market, presenting exclusive data and statistics that forecast the market's growth trajectory from 2023 to 2030.

The worldwide furniture polish market is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.4%, resulting in a rise from $22.9 billion in 2023 to $37.8 billion by the conclusion of 2030.

Key Insights:

Furniture Polish Market Size (2023E): US$22.9 Bn

Projected Market Value (2030F): US$37.8 Bn

Global Market Growth Rate (CAGR 2023 to 2030): 7.4%

Historical Market Growth Rate (CAGR 2018 to 2022): 5.6%

Furniture Polish Market- Report Scope:

Furniture polish is a specialized product designed to protect and enhance wooden furniture by forming a protective coating against moisture, dust, and scratches. The market has seen substantial growth due to increased demand for durable and aesthetically pleasing furniture coatings. Factors such as the booming real estate industry, rising consumer awareness about furniture maintenance, and a preference for eco-friendly options have contributed to market expansion. Manufacturers respond to changing demands with technological advancements and diverse product offerings, making the furniture polish market dynamic and progressive within the home care sector.

Market Growth Drivers:

The global furniture polish market is undergoing a significant shift driven by a rising emphasis on sustainability. Consumers, increasingly environmentally aware, seek sustainable products, leading to a transformation in market dynamics. Manufacturers are responding with novel formulations prioritizing environmental factors while maintaining performance. Sustainable furniture polishes, often using plant-derived components with fewer chemicals, appeal to eco-conscious consumers. Regulatory measures and industry benchmarks encourage conscientious manufacturing, with a growing trend towards transparent labeling. Sustainability has evolved from a specialized market segment to a fundamental principle influencing the entire furniture polish industry.

Market Restraints:

The global furniture polish market faces two major challenges. Firstly, there's a limited availability of raw materials, particularly natural oils and waxes, leading to disruptions in the supply chain due to high demand and geopolitical uncertainties. This scarcity hinders manufacturers committed to maintaining product quality. Secondly, the industry grapples with a complex network of regulatory compliance challenges, with each country and region imposing unique standards on composition, labeling, and safety. Adhering to diverse compliance standards globally poses a substantial challenge for manufacturers operating on an international scale.

Market Opportunities:

Continuous technological advancements are driving innovation in the global furniture polish industry. Integration of state-of-the-art technologies like automation and nanotechnology is optimizing operational procedures, reducing costs, and meeting changing consumer demands. Novel compositions with nanotechnology and advanced chemical engineering offer superior protection, longer-lasting effects, and even self-healing properties for wooden surfaces. Technology also allows for the creation of specialized furniture varnishes tailored to specific wood species and finishes, enhancing brand loyalty and delivering a customized experience.

Key Questions Answered in the Report:

What are the key factors driving the growth of the furniture polish market?
Which industry verticals are driving the demand for furniture polish?
How are technological advancements reshaping the competitive landscape of the furniture polish market?
Who are the leading players in the global Furniture Polish Market?
What are the emerging trends and future prospects in the global furniture polish market?

Competitive Intelligence and Business Strategy:

In the competitive global furniture polish industry, market leaders such as Reckitt Benckiser Group, S.C. Johnson & Son Inc., and Colgate-Palmolive Company focus on strategic innovation. They invest significantly in research and development to create innovative products, incorporating nanotechnology and eco-friendly compositions to address sustainability concerns. To cater to diverse consumer demands, they expand their product portfolios with specialized formulations for different wood species and coatings. Robust brand recognition is achieved through substantial resources in marketing and branding initiatives, including persuasive advertising and transparent communication. These market leaders engage in a dynamic interplay of innovation, diversification, sustainability, strategic collaborations, and effective marketing to maintain and increase market dominance.

Key Companies Profiled:
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
Chestnut Products
Bona US.
Others

Furniture Polish Market Segmentation:

By Product Type:
Solvent
Liquid
Aerosols
By Source:
Alkyd
Melamine
Polyester
Lacquer
Others
By End Use:
Household
Corporate Offices
Hospitality
Educational Institutes
Restaurants and Cafes
Furniture Manufacturers
Others
By Sales Channel:
Wholesalers/Distributors
Supermarket/Hypermarkets
Specialty Stores
By Region:
North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33684

1. Executive Summary

1.1. Global Furniture Polish Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Product Type Lifecycle Analysis
2.4. Furniture Polish Market: Value Chain
- 2.4.1. List of Raw Source Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of End Uses
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Source Landscape

3. Global Furniture Polish Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Furniture Polish Market Outlook: Product Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Product Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
  - 3.3.3.1. Solvent
  - 3.3.3.2. Liquid
  - 3.3.3.3. Aerosols
3.4. Market Attractiveness Analysis: Product Type
3.5. Global Furniture Polish Market Outlook: Source
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Source, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Source, 2023 - 2030
  - 3.5.3.1. Alkyd
  - 3.5.3.2. Melamine
  - 3.5.3.3. Polyester
  - 3.5.3.4. Lacquer
  - 3.5.3.5. Others
3.6. Market Attractiveness Analysis: Source
3.7. Global Furniture Polish Market Outlook: End Use
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By End Use, 2018 - 2022
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
  - 3.7.3.1. Household
  - 3.7.3.2. Corporate Offices
  - 3.7.3.3. Hospitality
  - 3.7.3.4. Educational Institutes
  - 3.7.3.5. Restaurants and Cafes
  - 3.7.3.6. Furniture Manufacturers
  - 3.7.3.7. Others
3.8. Market Attractiveness Analysis: End Use
3.9. Global Furniture Polish Market Outlook: Sales Channel
- 3.9.1. Introduction / Key Findings
- 3.9.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Sales Channel, 2018 - 2022
- 3.9.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Sales Channel, 2023 - 2030
  - 3.9.3.1. Wholesaler/Distributors
  - 3.9.3.2. Supermarket/Hypermarkets
  - 3.9.3.3. Specialty Stores
3.10. Market Attractiveness Analysis: Sales Channel

4. Global Furniture Polish Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Furniture Polish Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Product Type
- 5.3.3. By Source
- 5.3.4. By End Use
- 5.3.5. By Sales Channel
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 5.5.1. Solvent
- 5.5.2. Liquid
- 5.5.3. Aerosols
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Source, 2023 - 2030
- 5.6.1. Alkyd
- 5.6.2. Melamine
- 5.6.3. Polyester
- 5.6.4. Lacquer
- 5.6.5. Others
5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
- 5.7.1. Household
- 5.7.2. Corporate Offices
- 5.7.3. Hospitality
- 5.7.4. Educational Institutes
- 5.7.5. Restaurants and Cafes
- 5.7.6. Furniture Manufacturers
- 5.7.7. Others
5.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Sales Channel, 2023 - 2030
- 5.8.1. Wholesaler/Distributors
- 5.8.2. Supermarket/Hypermarkets
- 5.8.3. Specialty Stores
5.9. Market Attractiveness Analysis

6. Europe Furniture Polish Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Product Type
- 6.3.3. By Source
- 6.3.4. By End Use
- 6.3.5. By Sales Channel
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 6.5.1. Solvent
- 6.5.2. Liquid
- 6.5.3. Aerosols
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Source, 2023 - 2030
- 6.6.1. Alkyd
- 6.6.2. Melamine
- 6.6.3. Polyester
- 6.6.4. Lacquer
- 6.6.5. Others
6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
- 6.7.1. Household
- 6.7.2. Corporate Offices
- 6.7.3. Hospitality
- 6.7.4. Educational Institutes
- 6.7.5. Restaurants and Cafes
- 6.7.6. Furniture Manufacturers
- 6.7.7. Others
6.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Sales Channel, 2023 - 2030
- 6.8.1. Wholesaler/Distributors
- 6.8.2. Supermarket/Hypermarkets
- 6.8.3. Specialty Stores
6.9. Market Attractiveness Analysis

7. East Asia Furniture Polish Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Product Type
- 7.3.3. By Source
- 7.3.4. By End Use
- 7.3.5. By Sales Channel
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 7.5.1. Solvent
- 7.5.2. Liquid
- 7.5.3. Aerosols
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Source, 2023 - 2030
- 7.6.1. Alkyd
- 7.6.2. Melamine
- 7.6.3. Polyester
- 7.6.4. Lacquer
- 7.6.5. Others
7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
- 7.7.1. Household
- 7.7.2. Corporate Offices
- 7.7.3. Hospitality
- 7.7.4. Educational Institutes
- 7.7.5. Restaurants and Cafes
- 7.7.6. Furniture Manufacturers
- 7.7.7. Others
7.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Sales Channel, 2023 - 2030
- 7.8.1. Wholesaler/Distributors
- 7.8.2. Supermarket/Hypermarkets
- 7.8.3. Specialty Stores
7.9. Market Attractiveness Analysis

8. South Asia & Oceania Furniture Polish Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Product Type
- 8.3.3. By Source
- 8.3.4. By End Use
- 8.3.5. By Sales Channel
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 8.5.1. Solvent
- 8.5.2. Liquid
- 8.5.3. Aerosols
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Source, 2023 - 2030
- 8.6.1. Alkyd
- 8.6.2. Melamine
- 8.6.3. Polyester
- 8.6.4. Lacquer
- 8.6.5. Others
8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
- 8.7.1. Household
- 8.7.2. Corporate Offices
- 8.7.3. Hospitality
- 8.7.4. Educational Institutes
- 8.7.5. Restaurants and Cafes
- 8.7.6. Furniture Manufacturers
- 8.7.7. Others
8.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Sales Channel, 2023 - 2030
- 8.8.1. Wholesaler/Distributors
- 8.8.2. Supermarket/Hypermarkets
- 8.8.3. Specialty Stores
8.9. Market Attractiveness Analysis

9. Latin America Furniture Polish Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Product Type
- 9.3.3. By Source
- 9.3.4. By End Use
- 9.3.5. By Sales Channel
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 9.5.1. Solvent
- 9.5.2. Liquid
- 9.5.3. Aerosols
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Source, 2023 - 2030
- 9.6.1. Alkyd
- 9.6.2. Melamine
- 9.6.3. Polyester
- 9.6.4. Lacquer
- 9.6.5. Others
9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
- 9.7.1. Household
- 9.7.2. Corporate Offices
- 9.7.3. Hospitality
- 9.7.4. Educational Institutes
- 9.7.5. Restaurants and Cafes
- 9.7.6. Furniture Manufacturers
- 9.7.7. Others
9.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Sales Channel, 2023 - 2030
- 9.8.1. Wholesaler/Distributors
- 9.8.2. Supermarket/Hypermarkets
- 9.8.3. Specialty Stores
9.9. Market Attractiveness Analysis

10. Middle East & Africa Furniture Polish Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Product Type
- 10.3.3. By Source
- 10.3.4. By End Use
- 10.3.5. By Sales Channel
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 10.5.1. Solvent
- 10.5.2. Liquid
- 10.5.3. Aerosols
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Source, 2023 - 2030
- 10.6.1. Alkyd
- 10.6.2. Melamine
- 10.6.3. Polyester
- 10.6.4. Lacquer
- 10.6.5. Others
10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End Use, 2023 - 2030
- 10.7.1. Household
- 10.7.2. Corporate Offices
- 10.7.3. Hospitality
- 10.7.4. Educational Institutes
- 10.7.5. Restaurants and Cafes
- 10.7.6. Furniture Manufacturers
- 10.7.7. Others
10.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Sales Channel, 2023 - 2030
- 10.8.1. Wholesaler/Distributors
- 10.8.2. Supermarket/Hypermarkets
- 10.8.3. Specialty Stores
10.9. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Dashboard
- 11.2.3. Apparent Product Type Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Liberon Limited
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product Type
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Reckitt Benckiser Group plc (Old English)
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product Type
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. S.C. Johnson & Son, Inc. (Pledge)
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product Type
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. The Sherwin-Williams Company
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product Type
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. PPG Industries Inc.
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product Type
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Akzo Nobel N.V
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product Type
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. Axalta Coating Systems
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product Type
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Masco Cabinetry, LLC
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product Type
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Chestnut Products
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product Type
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Bona US.
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product Type
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy
- 11.3.11. Others

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations