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Household polish is used for cleaning and polishing furniture, floor and walls in various industries. Industrial manufacturers witness significant demand for liquid household polishing products. Attributed to increasing need for polishing furniture and leather seats, consumption of household polishing products will be significantly high in the furniture and automotive industry. Household polishes will also witness considerable demand among manufacturers operating in the residential and healthcare industry globally.
The global household polishes market is expected to witness a relatively slow growth due to availability of substitute products without aerosol properties. Liquid product form is expected to witness significant demand in the global household polishes market. Sales of household polishing products through modern trade is predicted to contribute significantly towards the global market growth by 2022 – end. Woodwork polishing products will register the highest growth in terms of revenue in Europe attributed to considerable demand in the furniture and residential industry. The global household polishes market is expected to register a slow CAGR growth, and will reach a value of over US$ 2,000 Mn.
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.
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.
Considerable Demand in the Automotive Industry
Apart from only cleaning houses, the household polish products witness a considerable demand among the automotive manufacturers. Before launching an automotive product in the market, manufacturers need to ensure that the automotive product is clean and polished well. Household polish products are used for cleaning and polishing the leather seats, wheels, headlights and windshields of the automotive. Bound to such factors, the household polish products witness an upsurge in demand among the automotive manufacturers.
Furniture Industry to Fuel Growth of the Global Market
Growing need to protect, smoothen and refine the wooden products is expected to rev up demand for household polish products in the furniture industry. As people prefer purchasing furniture with fine finishing, manufacturers use woodwork household polish products for polishing furniture. Moreover, need for clean and polished furniture in the hotels and restaurants is likely to boost demand for household polishes in the furniture industry. Such factors are likely to impact growth of the global household polishes market positively.
Healthcare and Residential Industry to Witness Significant Demand
Apart from furniture and automotive industry, household polishes are also used in the residential and healthcare industry. Growing need to maintain clean and hygienic healthcare amenities and furniture that are used by patients and doctors has led to a considerable demand for household polishes in the healthcare industry. Moreover, increasing need to repair and maintain deteriorating infrastructure in the residential and healthcare industries will further rev up demand for household polishes significantly. Such factors are likely to contribute towards growth of the global household polishes market positively during the predicted period.
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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Table of Content
1. Global Household Polishes Market - Executive Summary
2. Global Household Polishes Market Overview
2.1. Introduction
2.1.1. Global Household Polishes Market Taxonomy
2.1.2. Global Household Polishes Market Definition
2.2. Global Household Polishes Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Household Polishes Market Y-o-Y Growth
2.3. Global Household Polishes Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. Trade Analysis
2.9. Key Participants Market Presence (Intensity Map by Region)
3. Global Household Polishes Market Analysis and Forecast By Product Type
3.1. Global Household Polishes Market Size and Forecast By Product Type, 2012-2022
3.1.1. Woodwork Polishes Household Polishes Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Leather Polishes Household Polishes Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
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