Household Polishes Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022

Published on : Aug-2017 | List of Tables : 231 | List of Figures : 75 | No. of Pages : 170 | Report Code : FACT122MR |

Key Findings    

Rising Uptake of Household Polishes for Cleaning and Protecting Surfaces in numerous Industries boosts Market

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.

About the Report

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.

Market Definition

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?

In-depth Tracking of Competitive Landscape

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. 

The research report titled “Household Polishes Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022” offers a granular assessment of key drivers and restraints, key growth imperatives, trends and the overall potential, the overall player ecosystem, and the competitive dynamics. The analysis offers the readers evidence-based insight into the new and promising avenues, lucrative opportunities, imminent investment pockets, and recent developments that can disrupt the overall strategic landscape. The study analyzes the scope of new product innovations in the global household polishes market. The report takes a closer look at the current and emerging prospects by offering insight into the CAGRs during 2017–2022 and estimations in the historical period. The assessment of the global household polishes market dynamics and various evaluations pertaining to revenue size and projections are covered in 13 chapters. The elements related to the making of the report are covered in the next 3 chapters, which analyzes research methodology adopted, list of primary and secondary research sources, and presents a complete list of assumptions and acronyms.

Chapter 1 – Executive Summary

The report starts with a succinct and critical outlook of the global household polishes market and the underlying potential. The chapter presents a crux of the key dynamics of the household polishes market and sheds light on lucrative avenues, major developments, and promising regions.

Chapter 2 – Household Polishes Market Overview

The second chapter then offers a broad overview of the household polishes market. This includes insights into the key drivers, major restraints, and prominent trends. The section also offers year-over-year (Y-o-Y) growth of the market during 2012–2022. It also takes a critical look at supply chain dynamics of household polishes, cost structure and pricing strategies, and trade analysis.

Chapter 3 – Product Type Assessment and Forecasts of Household Polishes Market

This section drills into the revenue size and forecasts of various product types in the household polishes market and makes a revenue comparison based on region. The chapter offers Y-o-Y growth comparisons of different product types during 2012–2022 and presents data on their share in key regional markets for household polishes. Key product types analyzed here in the study are woodwork polishes, leather polishes, footwear polishes, and scouring powders and paste.

Chapter 4 – Form Assessment and Forecasts of Household Polishes Market

This chapter takes a detailed look at the various forms in the household polishes market and analyzing the potential of each by comparing their market share and Y-o-Y. Various forms of household polishes analyzed here are powder and granules, liquid, and gel and paste.

Chapter 5 – Assessment and Forecasts of Sales Channel in Household Polishes Market

This section of the report takes a closer look the prospects of various sales channel in the household polishes market. It offers size and forecasts of these in 2012–2017 and 2017–2022, respectively. Various sales channels whose prospects analyzed here are modern trade, grocery stores, convenience stores, and e-commerce.

Chapter 6 - Region-wise Assessment and Forecasts of Household Polishes Market

This section introduces the key regional segments of the global household polishes market and takes an incisive look at the prevailing opportunities and prospects. This section takes a closer look at revenue contributed by various product types and sales channel to these regional markets for household polishes. Key geographic regions analyzed here are North America, Latin America, Asia Pacific excluding Japan (APEJ), Europe, Japan, and the Middle East and Africa (MEA).

Chapter 7 – North America Assessment and Forecasts of Household Polishes Market

This section elaborates on the regional dynamics and opportunities the North America market for household polishes. Key countries analyzed here the U.S. and Canada.

Chapter 8 – Latin America Assessment and Forecasts of Household Polishes Market

This chapter offers more in-depth assessment of regional trends and factors prevalent in the Latin America market for household polishes. Key countries of the region whose prospects are covered here comprise Argentina, Brazil, and Mexico.

Chapter 9 – Europe Assessment and Forecasts of Household Polishes Market 

This section offers market share and forecasts of various countries of Europe. Key countries whose contributions to the global household polishes market evaluates are U.K., Germany, France, Spain, Italy, and the Nordics.

Chapter 10 – Japan Assessment and Forecasts of Household Polishes Market 

The section takes a critical look at the market avenues in Japan. It analyzes the share of various product type, form, and channels in the Japan household polishes market.

Chapter 11 – APEJ Assessment and Forecasts of Household Polishes Market 

The chapter offers insights into the key demand dynamics and untapped avenues in various countries of APEJ for players in the overall household polishes market to capitalize on. Countries analyzed here are China, India, Malaysia, Thailand, Singapore, and Australia.

Chapter 12 – MEA Assessment and Forecasts in Household Polishes Market

This section offers more detailed assessment of emerging trends and opportunities in MEA. The chapter takes a closer look at as countries such as GCC, South Africa, Nigeria, and Israel to assess the role of these countries in MEA.

Chapter 13 – Stakeholder Ecosystem and Competitive Landscape for Household Polishes Market

This section presents a critical evaluation of the player ecosystem and the level of competition prevailing in the household polishes market. The account includes information on their sales data of various products and evaluates their financials of key companies. The section also offers SWOT analysis of prominent companies and major industry developments in the household polishes market. Key companies profiled in the household polishes market are Rust-Oleum Corporation, Parker & Bailey Corporation, Reckitt Benckiser Group plc., Kao Corporation, Johnson & Johnson, Henkel AG & Co. KGaA, Godrej Group, and Amway Corporation.

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Household Polishes Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022