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The global household polishes market is witnessing large headwinds from the advent of substitute products, primarily those not containing aerosols and toxic solvents. According to projections by Fact.MR, the global market is expected to rise at a lacklustre CAGR during 2017–2022. Advances in chemistries of solvents and emulsifiers are expected to underpin many exciting product developments for meeting the emerging needs of end-use industries in the household polishes.
The household polishes market is increasingly driven by the attractive demand for woodwork polishes and footwear polishes. The demand for woodwork household polishes is the most attractive growth rate over the assessment period of 2017–2022. By the end of this period, the segment is anticipated to reach a valuation of US$ 230Mn in the global household polishes market, vis-à-vis revenue. A relatively higher share of the overall demand for woodwork household polishes during the forecast period will come from Europe among other regions. The region is projected to be a dominant market.
Modern retail may play a pivotal role in the expansion of the household polishes market. In recent years, the sales of household polishes through modern distribution outlets have risen substantially. The trend will persist in the coming years as well. A substantial revenue for the household polishes market is likely to come from regions such as Latin America and Asia Pacific excluding Japan. This is trailed by the sale of household polishes in convenience stores, which is projected to expand at the second most attractive CAGR over 2017–2022.
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It presents in-depth insights into the share and size of the key segments of household polishes and takes a closer look at the promising avenues in various regions. The report evaluates the demand and consumption trends of various product types in the household polishes market such as woodwork polishes, leather polishes, footwear polishes, and scouring powders and paste. The study takes a closer look at the revenue share of various forms such as liquid, gel and paste, and powder and granules in the household polishes market. The analyses also include assessing the outlook of key sales channels such as modern trade, grocery stores, convenience stores, and e-commerce channels.
Household polishes are a wide spectrum of formulations of oil and petroleum-based ingredients used for the purpose of cleaning and protecting furniture, walls, and floor and adds luster to them. These products also form a key part in coating applications in the automobile industry. Household polishes have gained popularity as furniture polishes in various parts of the world, in the residential and healthcare industries. The inclination toward less toxic raw materials for polishes has also influenced the choices of furniture manufacturers in various parts of the world. This has been motivating the overall shift toward the less use of aerosol-based products in the household polishes market.
Additional Questions Answered
The report takes a closer look at several pertinent aspects of the growth dynamics of the household polishes market. It strives to offer a clear, evidence-based insights into several key trends and offers answers to questions including:
- What is the overall prospect of woodwork household polishes and which trends will influence the end-user demand?
- What factors make the demand for household polishes lucrative in the hospitality and healthcare industry?
- What are the opportunities to the manufactures of household polishes coming from the applications in the automobile industry?
- In the coming years, is Europe contribute more revenue than APEJ in the global household polishes market?
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