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Primary Catalyst Driving Furniture Polish Market Evolution in 2025: The Impact Of Wood Consumption On The Furniture Polish Driver
Furniture Polish Market
The furniture polish market is projected to grow from $10.96 billion in 2024 to $11.75 billion in 2025, at a compound annual growth rate (CAGR) of 7.2%. This growth is driven by the prevalence of wooden furniture, changes in consumer lifestyles, increased environmental awareness, and effective marketing and branding strategies.
The furniture polish market is expected to grow to $15.09 billion by 2029, with a CAGR of 6.5%. Key growth factors include sustainability, e-commerce, home improvement, and premium products. Notable trends include smart home technology, plant-based formulas, digital marketing, and collaborations with furniture manufacturers.
What Is Stimulating Growth in the Furniture Polish Market?
The increasing use of wood is expected to propel the growth of the furniture polish market. Wood is a natural substance used to craft wood-related products. Furniture polish for wood offers surface protection and enhances the longevity of wooden furniture and surfaces. For instance, in October 2023, according to a report by Nature, global consumption of primary processed wood products is predicted to rise by between 60% and 170% by 2050. Therefore, the increasing use of wood is driving the growth of the furniture polish market.
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Which Key Market Leaders Are Driving Furniture Polish Industry Growth?
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 Are the Emerging Trends in the Furniture Polish Industry?
In the furniture polish market, key players are developing eco-friendly products such as water-based wood polish to boost revenue. Water-based wood polish is a sustainable, fast-drying solution with low VOC content. For example, in November 2024, Sherwin-Williams, a US-based paint and coatings company, launched SHER-WOOD EA Hydroplus, a water-based wood coating that provides enhanced durability, chemical resistance, and scratch protection, ideal for kitchen cabinets and furniture.
What Are the Main Segments in 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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Which Geographic Area Leads 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.
What Is Covered In The Furniture Polish Global Market Report?
- Market Size Analysis: Analyze the Furniture Polish Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Furniture Polish Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Furniture Polish Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Furniture Polish Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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