The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the furniture polish market further?
The increasing use of wood is expected to propel the growth of the furniture polish market going forward. Wood is a natural substance from tree roots, stems, and branches used to craft wood-related products. Furniture polish for wood offers several benefits, such as surface protection and versatility for maintaining and enhancing the appearance and longevity of wooden furniture and surfaces. For instance, in October 2023, according to the report published by Nature, a U.K.-based weekly scientific journal, 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.
Furniture Polish Market Driver: Impact of Rising Construction Activities on the Growth of the Furniture Polish
The increasing construction activities are expected to propel the growth of the furniture polish market going forward. Construction activities are the tasks and processes involved in building, repairing, or demolishing structures and infrastructure. Furniture polish is used in construction activities to protect wooden window frames, doors, cabinets, and countertops. For instance, in March 2024, according to a report published by Atradius, is a Netherlands-based company that provides trade credit insurance surety and collections service, in 2024, the world’s construction production is expected to grow by 2.0%, up 3.7% from 2023. And the global construction is expected to expand 1.8% in 2025. Therefore, the increasing construction activities are driving the growth of the furniture polish market.
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What are the key factors influencing the forecasted market size of the furniture polish industry?
The furniture polish market size has grown strongly in recent years. It will grow from $10.96 billion in 2024 to $11.75 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to wooden furniture prevalence, consumer lifestyle changes, environmental awareness, marketing and branding.
The furniture polish market size is expected to see strong growth in the next few years. It will grow to $15.09 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to sustainability and green products, e-commerce growth, home improvement trends, premium and specialty products. Major trends in the forecast period include smart home technology, plant-based formulas, digital marketing and influencers, collaboration with furniture manufacturers.
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Who are the leading competitors 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 emerging trends are set to transform the furniture polish market landscape?
Major companies operating in the furniture polish market are developing innovative products such as water-based wood polish to drive revenues in the market. Water-based wood polish is a finish that uses water as the primary solvent, making it eco-friendly, quick-drying, and low in volatile organic compounds (VOCs), suitable for enhancing and protecting wood surfaces. For instance, in November 2024, Sherwin-Williams Company, a US-based paint and coating manufacturer, launched New SHER-WOOD EA Hydroplus water-based wood coating designed for adaptability across diverse environmental conditions, offering enhanced film hardness, chemical resistance, and low VOC content. Targeted at industries such as kitchen cabinets and furniture, it provides a high-performance, sustainable coating option with superior flow, leveling, and scratch resistance.
How do different geographies compare in terms of market share and growth potential in 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.
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Which major segments of the furniture polish market are experiencing the fastest growth?
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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How is the furniture polish market defined?
Furniture polish is a type of product used to clean, shine and protect furniture surfaces. It is designed to enhance the appearance of wood furniture, while also providing a layer of protection against dust, dirt and moisture.
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