Household Polishes Market By Product (Woodwork Polishes, Leather Polishes, Footwear Polishes,Scouring Powders & Paste), By Form (Liquid, Gel & Paste & Powder & Granules Household Polishes), By Application, By Sales Channel - Regional Forecast to 2021
As per Fact.MR, a market research and competitive intelligence provider, the global household polishes market is expected to progress at a CAGR of 6% over the next ten years.
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 floors. These products also form a key part in coating applications in the automobile industry.
The household polishes market is making large strides driven by rising application of polishes and scouring powder in the maintenance and cleaning processes of infrastructures and furniture, the world over. Extensive use of household polishes for bringing shine and gloss to wooden furniture, apart from being used for protective purposes, has propelled market growth over the years.
The market has also been receiving robust growth momentum due to rising demand from the automobile and automotive industry. Use of household polishes is also gathering steam in the industry for auto-detailing. Demand for products with the latest polishing technology for automotive applications is also boosting market expansion.
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“Rising demand for high-performance polishes in the furniture industry has opened up lucrative avenues for manufacturers and distributors of household polishes, which, in turn, is fueling market growth,” according to a Fact.MR analyst.
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Top manufacturers of powder household polishes are experiencing cut-throat competition due to rise in demand for household polishes across the world and numerous players entering this space. In order to sustain in the competition, leading companies in the household polishes market are focusing on diversifying their product portfolios.
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Aug 09, 2022