Household Polishes Market Projected to be Valued at US$ 230 Mn until the End of 2022

Published: Thu Jun 13 2019

The purpose of this comprehensive forecast report presented by FactMR is to elaborate the various market projections impacting the global household polishes market size during the period through 2018-2028. This assessment delivers high-end statistics concerning market size, growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about market growth trends along with upcoming opportunities that are expected to reshape the overall structure of the household polishes market during the forecast period.

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Household polishes are being demanded in a number of industries to bring shine to wooden and metal industries, which has been propelling the growth of the market. They are commonly made of oils, notably silicone oils, mixed with petroleum-based ingredients and synthetic polymers. The demand for these formulations are proving to be crucial in the worldwide automobile industry, where they are used for polishing various vehicle body parts, including the seats and a range of automotive parts before the vehicles are put for sale. The application of household polishes not only ensures that these parts are clean but also imparts gloss and shine to them. The demand for such coating operations for protecting metal and wooden furniture in the residential and hospitality sectors has been attractive for years and is driving the evolution of household polishes market.

Profuse Demand in Furniture Industry aids in Rapid Expansion of Household Polishes Market

Household polishes have gained increased popularity as furniture polishes over time. The standard and routine use of polishes for bringing sheen to wooden furniture, especially in the residential sector, is fueling the growth of the household polishes market. However, the ease of applicability is not only the prime concern for the use of household polished on wooden furniture. A key aspect gaining significance among end users is the effect they leave on the furniture themselves over time, such as chemical residue and chemical buildup. Furthermore, the growing demand for household polishes for furniture in the hospitality industry is also accentuating the household polishes market.

Healthcare Industry appears Promising with Scope of Copious Uptake of Household Polishes

Over the past few years, the household polishes market has been benefitting from the rising demand in the healthcare industry. The growing application of household polishes in regular cleaning processes to maintain a hygienic environment in healthcare facilities is boosting the market. The use of household polishes has also gained traction for protecting the aging furniture and prolonging the life of infrastructures such as floor and walls.

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The report titled "Household Polishes Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022" offers detailed assessment of growth dynamics and prospects of the household polishes market. 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.

The report offers a critical assessment of the intensity of the prevailing competition in the household polishes market and developments that can alter the landscape. It takes a critical look at key strategies adopted by new entrants to get a foothold in the market and emerging players to consolidate their shares or positions. Some of the prominent players operating in the household polishes market are Henkel AG & Co. KGaA, Reckitt Benckiser Group plc, Johnson & Johnson, and Rust-Oleum Corporation.

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