Europe Leads with More than 40% Share in the Global Market for Household Polishes – Fact.MR Study

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Household Polishes market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Household Polishes

The report offers actionable and valuable market insights of Household Polishes. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Household Polishes Market across various industries and regions.

To remain ‘ahead’ of your competitors, request for a sample –  https://www.factmr.com/connectus/sample?flag=S&rep_id=122As per latest industry analysis published by Fact.MR, the global household polishes market was valued at around US$ 350 Mn in 2020, and is expected to reach a valuation of US$ 750 Mn by 2031, rising at a CAGR of 6%. Demand for woodwork polishes is projected to accelerate at a CAGR of 5% across the assessment period of 2021 to 2031.

This newly published and insightful report sheds light on Market Insights of Household Polishes, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Household Polishes Market.

Household polishes market by Fact.MR

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.

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Key Segments Covered in Household Polishes Industry Research

  • Form
    • Liquid Household Polishes
    • Gel & Paste Household Polishes
    • Powder & Granules Household Polishes
  • Product
    • Woodwork Polishes
    • Leather Polishes
    • Footwear Polishes
    • Scouring Powders & Paste
  • Application
    • Household Polishes for Healthcare
    • Household Polishes For Automobiles
    • Household Polishes For Construction
  • Sales Channel
    • Modern Trade
    • Grocery Stores
    • Convenience Stores
    • e-Commerce Channels

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Key Takeaways from Market Study

  • Global household polishes market to top US$ 750 Mn by 2031.
  • Woodwork polishes projected to reach around US$ 400 Mn by 2031.
  • Leather polishes projected to record above 5% CAGR over next 10 years.
  • Market in Europe holds share of more than 40%.
  • Market in Australia expected to reach valuation of US$ 300 Mn by 2031.
  • Market in Germany to record 4% CAGR over forecast period of 2021- 2031.

“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.

Competitive Landscape

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.

  • Rust-Oleum Corp. announced to launch a new range of products like Vinyl Wrap for the automotive aftermarket industry, offering a full line of products to protect and enhance vehicle appearance.
  • Rust-Oleum and The Home Depot jointly announced their partnership of the Varathane brand that now includes the Varathane Classic assortment of interior wood stains, polyurethanes, spar varnish, wood putty, and others.

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Key Question answered in the survey of Household Polishes market report:

  • Sales and Demand of Household Polishes
  • Growth of Household Polishes Market
  • Market Analysis of Household Polishes
  • Market Insights of Household Polishes
  • Key Drivers Impacting the Household Polishes market
  • Which are the Key drivers impacted by Household Polishes market
  • Restraints Shaping Market Growth
  • Market Survey of Household Polishes

More Valuable Insights on Household Polishes Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Household Polishes, Sales and Demand of Household Polishes, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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