The furniture polish market size is projected to be valued at USD 10.72 billion in 2023. The furniture polish market research report anticipates a valuation of USD 22 billion by 2033. The sales of furniture polish are expected to record a CAGR of 7.4% during the forecast period.
Furniture Polish Market Trends and Highlights
The convenience of online shopping led to an increase in sales of furniture and home furnishings. Furniture that is eco-friendly and sustainable has become increasingly popular. Consumers were looking for products made from recycled materials, sustainable wood sources, and low-impact manufacturing processes.
| Attributes | Key Insights |
|---|---|
| Furniture Polish Market Estimated Size in 2023 | USD 10.72 billion |
| Projected Market Value in 2023 | USD 22 billion |
| Value-based CAGR from 2023 to 2033 | 7.4% |
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The furniture polish market recorded a 5.1% CAGR between 2018 and 2022. The global demand for furniture polish is expected to expand at a moderate CAGR of 7.4% over the forecast period 2023 to 2033. 2023 to 2033
| Historical CAGR from 2018 to 2022 | 5.1% |
|---|---|
| Forecast CAGR from | 7.4% |
The global furniture polish market size has historically fluctuated over the years but tends to be influenced by consumer and economic trends. In Asia Pacific, furniture polish market share increased based on household products and cleaning products data.
Government programs, such as those associated with smart city initiatives, that promote smart city development, will be a major contributor to the demand for furniture polish in the coming years.
According to a furniture polish market forecast online platforms have become an important tool for several leading furniture polish manufacturers to spark demand and sales. For instance, Sherwin-Williams, a leading international furniture polish brand, launched an online feature detailing the specifications of its various products in the North America market.
Furniture polish market competition continues to grow as the cleaning and caring market becomes more competitive, furniture polish remains relevant, since consumers remain concerned about the longevity and appearance of their furniture. Keeping up with changing consumer demands will be challenging.
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The table below showcases revenues in terms of the top 5 leading regions, spearheaded by Western Europe and South Asia, and Pacific. These two regions are expected to lead the market through 2033, with sizes of USD 1.5 billion and USD 1.3 billion.
Expected Market Values in 2033
| North America | USD 1.1 billion |
|---|---|
| Latin America | USD 1 billion |
| Western Europe | USD 1.5 billion |
| South Asia and Pacific | USD 1.3 billion |
| Middle East and Africa | USD 0.8 billion |
Forecast CAGRs from 2023 to 2033
| North America | 2.1% |
|---|---|
| Latin America | 2% |
| Western Europe | 3.4% |
| South Asia and Pacific | 3% |
| Middle East and Africa | 1.9% |
A growing preference for eco-friendly and sustainable products is driving a surge in demand for furniture polish in North America. The furniture polish market continues to grow as environmental consciousness increases. North America is expected to reach USD 1.1 billion by 2033, growing at a CAGR of 2.1%.
Environmentally responsible products are becoming increasingly popular among North American consumers. Traditional furniture polishes contain harmful chemicals, which have led to a shift in consumer behavior.
Consumers are increasingly choosing furniture polishes that are low-VOC (volatile organic compound) and non-toxic as they become more aware of indoor air quality and the health risks associated with toxic fumes. The United States and Canada markets will use sustainable materials.
With the increasing sales of furniture for hotels, offices, and residents, the furniture polish market is expected to grow. Increasing cleaning services in these countries will contribute to a larger market for these types of polishes on the global market.
The rising population, increased disposable income, and rapid urbanization are all contributing to the increase in furniture polish demand in South Asia and Pacific. With more people investing in quality furniture, it is imperative that these assets are maintained and protected with effective furniture polishes.
Investing in high-quality furniture polish is essential for maintaining and preserving these investments. With urbanization accelerating, apartments and urban dwellings are becoming more prevalent. Due to dust and pollution, urban environments are often more likely to require furniture maintenance.
In recent years, consumers have been able to afford high-end furniture and related home care products such as furniture polish due to an increase in disposable income. Countries such as India, and Australia will grow demand for these polishes in the market. The furniture polish market in South Asia and Pacific is expected to reach a value of USD 1.3 billion. The market in South Asia and Pacific is poised to expand at a CAGR of 3% through 2033.
As reusable furniture is being introduced in apartments in order to meet the needs of consumers who rent out their properties, the market for polishes has grown. India is seeing a rise in the demand for these polishes in the hotel and hospitality industries. Many historical locations in India are home to antique furniture. The existence of antique furniture and the maintenance of these pieces are expected to drive the market.
Consumer preferences for eco-friendly and sustainable products have changed dramatically in Latin America in recent years. As a result of these evolving consciousnesses, furniture polishes are in high demand in this region. Product offerings are being adapted to meet consumers' demands for environmentally sustainable products.
Traditional furniture polishes often contain harsh chemicals and solvents that can harm both the environment and human health. However, with growing awareness of the need to protect the planet, consumers across Latin America are turning to eco-friendly alternatives. Natural ingredients are used in these environmentally friendly products, reducing their environmental impact and providing families with a safer option.
Sustainability has become a priority for companies that manufacture furniture polish in Latin America. To minimize the environmental impact of their products, they partner with local communities to harvest natural ingredients. Latin America is expected to reach USD 1 billion by 2033, and the furniture polish market is set to experience positive growth. From 2023 to 2033, the region is likely to register a 2% CAGR.
Across Latin America, government regulations are imposing tougher restrictions on chemical use in household products, urging manufacturers to move toward eco-friendly formulations. Eco-friendly products are increasingly being endorsed and promoted by celebrities and influencers, which further boosts their popularity.
The Western European home aesthetic has long been associated with elegance and style. Premium furniture polish products have gained a lot of traction throughout the region as people strive for beautiful living spaces. Increasing investments in homes and embracing high-quality interior furnishings have led to a remarkable increase in Western European furniture polish sales.
The high standards of living in Western Europe have contributed to a thriving market for high-end furniture polishes. Aside from high-end furniture purchases, consumers seek similar premium products for maintaining and enhancing their investments.
A high-quality piece of furniture can symbolize one's status and reflect one's lifestyle. Craftsmanship and heritage are a high priority for European consumers, which leads them to buy premium products. A 3.4% CAGR is predicted for the region between 2023 and 2033. By the end of this forecast period, the Western Europe furniture polish market is likely to total USD 1.5 billion.
Furniture polish has become increasingly popular due to the surge of home renovations and interior design projects. Premium furniture polish is easier to purchase online, enabling consumers across the region and beyond to access a wider selection.
Recent years have seen a significant rise in urbanization and homeownership in the Middle East and Africa (MEA). With people investing in enhancing the aesthetics and longevity of their homes, furniture polish products have seen a noticeable increase in demand.
Middle Eastern and African urban centers continue to grow, as does the number of homes, both owned and rented. The expansion of the furniture polish market has been accompanied by a growing concern for home aesthetics and maintenance.
Furniture polish is becoming more popular as more homeowners in the region become homeowners. Increasing disposable income in the Middle East and Africa has enabled consumers to make improvements to their homes. From 2023 to 2033, the furniture polish market in Middle East and Africa is anticipated to rise at a 1.9% CAGR. By the end of the said forecast period, a valuation of USD 0.8 billion is expected.
Climate-related factors affect demand for furniture care and protection in MEA, including desert heat and humid coastal areas. Homeowners in the region often invest in maintaining and maintaining their furniture due to its cultural and sentimental value. MEA consumers have diverse needs and preferences, which presents opportunities for both local and international brands.
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The table below highlights how liquid furniture polish is projected to lead the market in terms of products, growing at a 3.3% CAGR through 2033. The furniture manufacturers segment is likely to spearhead sales and is anticipated to witness a CAGR of 3.4% through 2033.
| Category | CAGR from 2023 to 2033 |
|---|---|
| Liquid | 3.3% |
| Furniture Manufacturers | 3.4% |
| Online Stores | 4% |
Based on product type, the liquid segment is expected to continue dominating the furniture polish industry with a CAGR of 3.3% from 2023 to 2033.
The furniture polish industry is significantly impacted by consumer preferences for speed and convenience. In order to maintain furniture's pristine appearance, consumers are increasingly turning to liquid furniture polish.
Furniture polishes that are liquid in nature are hassle-free to apply and save consumers time and energy. In addition to wood, glass, and laminate finishes, liquid furniture polish comes in a variety of formulations. In addition to shining, many liquid furniture polishes remove dust, scorch marks, and smudges.
Unlike traditional wax-based products, liquid polishes usually leave a longer lasting shine, thereby reducing the need to reapply the product. In addition to providing users with spray bottles and easy application, liquid furniture polish minimizes the amount of product applied, thereby reducing particulate pollution.
Many liquid polishes offer a range of pleasant fragrances, allowing consumers to personalize their furniture care experience. In order to meet the growing needs of modern consumers, manufacturers are developing quality, convenience, and sustainable products.
By end use, furniture manufacturers is expected to emerge as a prominent segment. A CAGR of 3.4% is projected from 2023 to 2033.
The luxury furniture market is growing, making high-gloss wood furniture polish popular. Polished antique furniture markets surge as retro and vintage styles resurface. The demand for antique furniture polish has skyrocketed in recent years because of a resurgence in interest in vintage and retro furniture. Vintage-style pieces can retain their authenticity and value with the help of these polishes.
With the trendy industrial-chic look fueling sales, metal furniture polish is becoming increasingly popular. For metal-framed furniture to maintain its sleek, modern appearance, these polishes are essential. In order to keep leather seating looking luxurious and comfortable, furniture makers prioritize leather furniture polish. Despite leather furniture remaining a popular choice among consumers, these polishes are in high demand.
Providing manufacturing solutions tailored to meet individual customer needs, furniture polish is expected to grow in demand. In order to meet their specific production requirements, some furniture manufacturers use custom furniture polish formulations. For furniture designs and materials with unique finishes, tailor-made polishes are the best choice.
By sales channel online stores to expand market for furniture sales in the market. The market is anticipated to record a growth rate of 4% CAGR during the forecast period.
Furniture polish has become increasingly popular in online stores in recent years. Renovation projects, environmental awareness, and online shopping have all contributed to the popularity of online shopping. Furniture Polish industry analysis shows eco-conscious society, home improvement trends, personalized care solutions, and online shopping are driving furniture polish demand in online stores. With furniture polish becoming increasingly popular among e-commerce retailers, retailers that cater to these preferences are seeing substantial furniture polish market growth.
A shopping site online allows one to shop from home in the comfort of their own homes. Furniture polishes can be easily browsed, compared, and purchased without the need to travel to a physical store. Busy individuals particularly benefit from this convenience. Reviews and price discounts about the product on the internet will boost sales.
Globally, the market for this product is a niche industry in the process of growing. Major players in furniture polish market are focusing on research and development activities.
Recent developments in furniture polish market include companies employing a variety of growth strategies to grow their market share, reach, and revenue, including expansion, technology development, and mergers and acquisitions.
| Attributes | Details |
|---|---|
| Estimated Market Size in 2023 | USD 10.72 billion |
| Projected Market Valuation in 2033 | USD 22 billion |
| Value-based CAGR 2023 to 2033 | 7.4% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value in USD billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key Market Segments Covered | Product Type, Source, End Use, Sales Channel, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Altana; 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; Bona USA |
The furniture polish market is expected to reach USD 10.72 billion in 2023.
The market for furniture polish is set to expand by a CAGR of 7.4% by 2033.
The furniture polish industry is forecast to reach USD 22 billion by 2033.
A significant share of profits will likely come from the Asia Pacific market.
The popularity of online furniture polish stores is expected to grow through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Solvent 5.2. Liquid 5.3. Aerosols 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source 6.1. Alkyd 6.2. Melamine 6.3. Polyester 6.4. Lacquer 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Household 7.2. Corporate Offices 7.3. Hospitality 7.4. Educational Institutes 7.5. Restaurants & Cafes 7.6. Furniture Manufacturers 7.7. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 8.1. Wholesaler/Distributors 8.2. Supermarket/Hypermarkets 8.3. Specialty Stores 8.4. Online Stores 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Altana 19.2. Cleenol Group Ltd 19.3. Liberon Limited 19.4. Reckitt Benckiser Group plc (Old English) 19.5. S.C. Johnson & Son Inc. (Pledge) 19.6. Inc. (Pledge) 19.7. The Sherwin-Williams Company 19.8. PPG Industries Inc. 19.9. Akzo Nobel N.V. 19.10. Axalta Coating Systems 19.11. Masco Cabinetry 19.12. RPM Wood Finishes Group 19.13. Blendwell Chemicals 19.14. Milsek Inc. 19.15. Golden Star Inc. 19.16. Blanchon UK Ltd 19.17. Movac Group 19.18. Chestnut Products 19.19. Teknos 20. Assumptions & Acronyms Used 21. Research Methodology
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Furniture Polish Market
