The Business Research Company’s Furniture Polish Global Market Report 2024 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Furniture Polish Global Market Report 2023 evaluates furniture polish market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global furniture polish market is expected to grow from $10.2 billion in 2023 to $10.96 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. 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 $14.07 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
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 November 2022, according to the Natural Resources Institute, a Finland-based government office, total round wood use in Finland in 2021 was 85.2 million cubic meters, an increase of 9% from the previous year. Furthermore, the number of by-products and other types of wood waste used was 27.7 million cubic meters, an increase of 17% from a year earlier. Therefore, the increasing use of wood is driving the growth of the furniture polish market.
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The furniture polish market segments in the report are:
1) By Product: Solvent, Liquid, Aerosols
2) By Source: Alkyd, Melamine, Polyester, Lacquer, Other Sources
3) By Sales Channel: Wholesaler Or Distributors, Supermarket Or Hypermarkets, Specialty Stores, Online Stores
4) By End Use: Household, Corporate Offices, Hospitality, Educational Institutes, Restaurants And Cafes, Furniture Manufacturers, Other End Uses
The table of contents in TBRC’s furniture polish market report includes:
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