Press release
Global Household Polishes Market Expected to Generate Significant Revenues Compared to Other End Users
Fact.MR
The prime focus of Fact.MR’s report is to provide readers with an unbiased and accurate analysis of current market status of sunflower oil, along with future growth estimations. Household polishes producers, suppliers, and distributors in the global market will benefit from the insights offered in this report. A detailed discussion guide has been formulated in this report, which can attract the interest of top trade magazines and journals related to consumer goods.
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Market Dynamics
Growing need to protect, clean and polish furniture among furniture manufacturers has led to an increase in demand for household polishes in the global market. Attributed to increasing need for polishing and cleaning wheels, windshield and headlights in the automotive industry, the global household polishes market is predicted to witness significant growth throughout 2022. Moreover, surge in demand for polished and clean furniture products in the hospitality industry has revved up demand for household polishes among furniture manufacturers. Such factors are predicted to contribute towards the global market growth of household polishes during the predicted period.
Increasing demand to clean leather seats, and other leather products in the healthcare and residential industry has boosted demand for household polishes among furniture manufacturers. Further, growing need to maintain deteriorating furniture and other household products has led manufacturers to witness substantial demand for household polishes in the residential industry. Growing need to polish footwear will further impact the global market growth of household polishes through 2022.
Segmentation Analysis
Woodwork polishes among other products is projected to represent over US$ 230 Mn in the global market by the end of 2022. In terms of revenue, this segment will register the highest growth in the global household polishes market. According to the report, Europe among other regions is predicted to represent a major market for woodwork polishes in the global market. Footwear polishes is likely to register a relatively high CAGR in APEJ throughout 2022.
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In terms of revenue, liquid form among others form of products will represent significant growth in the global market in 2017. This segment is projected to account for a significant growth in terms of revenue in the global market. Powder and granule, and gel and paste will register a similar CAGR growth in APEJ during the predicted period.
Household polishes is predicted to witness significant growth in terms of sales through modern trade by the end of 2022. This segment is predicted to represent over US$ 200 Mn in terms of value in the global market of household polishes by 2022 – end. Modern trade is projected to register a relatively high CAGR in APEJ and Latin America. Convenience stores among other distribution channels will witness the second highest CAGR growth in the global market.
Liquid Product Form to Register Significant Growth
Woodwork polishes is expected to represent the highest growth in terms of revenue in the global household polishes market throughout 2022. This segment is predicted to represent more than US$ 230 Mn in the global household polishes market by the end of 2022. Europe will represent the largest market for woodwork polishes globally. Footwear polishes among products will register the highest CAGR in APEJ during the predicted period.
In 2017, liquid product form represented the highest revenue growth in the global household polishes market. Europe remains a major market for the liquid product form of household polishes globally. Gel and paste, and powder and granule will witness a parallel CAGR growth in APEJ throughout 2022.
Sales through modern trade among other distribution channels is expected to witness the highest growth, followed by grocery store. This segment will register the highest CAGR in Latin America and APEJ in the global market. Convenience store is predicted to register the second highest CAGR growth throughout 2022. Modern trade will represent a value of over US$ 200 Mn in the global household polishes market by 2022–end.
Competition Tracking
The report has profiled leading manufacturers of household polishes, which include companies such as Rust-Oleum Corporation, Parker & Bailey Corporation, Amway Corporation, Godrej Group, Henkel AG & Co. KGaA, Johnson & Johnson, Kao Corporation, and Reckitt Benckiser Group plc.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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