Press release
The Impact Of Wood Consumption On The Furniture Polish Emerges as a Core Driver of the Furniture Polish Market in 2025
Furniture Polish
What Is the Expected CAGR for the Furniture Polish Market Through 2025?
The market size for furniture polish has seen a significant uptrend lately. It is projected to increase from $10.96 billion in 2024 to $11.75 billion in 2025, resulting in a compound annual growth rate (CAGR) of 7.2%. Various factors have contributed to this growth during the historic period, including increased use of wooden furniture, changes in consumer lifestyle, heightened environmental consciousness, and effective marketing and branding strategies.
What's the Projected Size of the Global Furniture Polish Market by 2029?
In the coming years, it is anticipated that the furniture polish market will experience robust growth. Forecasts predict that the market will reach a size of $15.09 billion in 2029, with a compound annual growth rate (CAGR) of 6.5%. The predicted growth in this period can be attributed to factors such as the rise of sustainable and eco-friendly products, the expansion of e-commerce, home improvement trends, and the increased demand for premium and specialty products. Major trends predicted for the forecast period consist of smart home technology, plant-based formulas, the rise of digital marketing and influencers, and cooperation with furniture manufacturers.
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Top Growth Drivers in the Furniture Polish Industry: What's Accelerating the Market?
The upward trend in wood use is anticipated to fuel the furniture polish market's expansion in the future. Wood, a natural substance deriving from tree roots, stems, and branches, is utilized in the fabrication of wood-related products. Wood-specific furniture polish provides numerous advantages, including surface conservation and versatility in preserving and improving the looks and lifespan of wooden furniture and surfaces. As an example, the Nature report, a scientific journal based in the UK, stated in October 2023 that the global consumption of processed wood products is expected to soar between 60% and 170% by 2050. This surge in wood consumption is thus aiding the growth of the furniture polish market. Furniture Polish Market Driver: Effect of Increasing Construction Activities on Furniture Polish Market Growth
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What Trends Will Shape the Furniture Polish Market Through 2029 and Beyond?
Leading corporations in the furniture polish market are now focusing on the creation of cutting-edge products such as water-based wood polish to boost their market revenues. This type of polish uses water as its main solvent, providing quick-drying, eco-friendly and low in volatile organic compounds (VOCs) attributes - making it apt for augmenting and safeguarding wooden surfaces. In November 2024, for example, Sherwin-Williams Company, a renowned American paint and coating manufacturer, introduced its innovative SHER-WOOD EA Hydroplus water-based wood coating. This novel product has been engineered for compatibility with varied environmental circumstances, offering improved chemical resistance, film hardness, and minimal VOC content. Primarily catering to the kitchen cabinets and furniture industries, it ensures a sustainable, high-performance coating solution marked by superior scratch resistance, leveling, and flow.
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 Top Companies are Driving Growth in 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.
Which Regions Will Dominate the Furniture Polish Market Through 2029?
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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