India furniture polish market was valued at around $ 875 million in 2019 and is projected
Growing population, increasing income levels and rising inclination among families towards spacious and expensive furniture installations, which require periodical maintenance, necessitates the use of furniture polish. Furniture polish market further has been driven by availability of multiple product offerings as well as evolving product quality such as water-based furniture polish developed by some manufacturers such as Asian Paints.
Furniture polish market is segmented by type, by source, by distribution channel, by application and by region. In terms of Type segment, the market is fragmented into liquid, semi-solid and aerosol type, of which, liquid furniture polish segment held the largest share in India furniture polish market in 2019 and the segment is projected to maintain its dominance through 2025 as well on account of growing demand for low VOC polishes. However, aerosol furniture polish market is also anticipated to exhibit healthy growth during the forecast period. By source, the market is fragmented into PU (Polyurethane), Melamine, Polyester, PU Alkyd Resin, lacquer and Nitrocellulose Finish. PU Finish grabbed the largest market share as it is preferred due to its availability in multiple shades. However, Melamine Finish, owing to its lesser cost and high durability, is also experiencing high growth in India.
Major players operating in India furniture polish market include ICA Pidilite Private Limited, Sirca Paints India Limited, Asian Paints Limited, AkzoNobel N.V., MRF Limited, Jubilant Agri and Consumer Products Ltd., Kansai Nerolac Paints Limited, Kupsa Coatings Pvt. Ltd., among others. Other players include
Years considered for this report
Historical Years2015-2018
Base Year2019
Estimated Year2020
Forecast Period2021–2025
Objective of the Study
- To outline, classify and estimate the India Furniture
Polish market on the basis of type, source, application and regional
distribution.
- To study and forecast the India market size of
the Furniture Polish market.
- To project the size of Furniture Polish
market, in terms of value and volume, with respect to key types such as Aerosol
Polish, Liquid Polish and Semi-Solid Polish.
- To understand the regional market structure of
Furniture Polish market, the India Furniture Polish market is segmented in
four regions, namely – North India, West India, South India and East India.
- To identify the detailed information about the
prime factors affecting India Furniture Polish market.
- To evaluate competitor pricing, average market
selling prices and margins in the India Furniture Polish market.
- To examine competitive developments such as
expansions, plant capacity, government policy and investments, in the India
Furniture Polish market.
- To strategically profile the leading players
in the market which are involved in the manufacturing and supply of Furniture
Polish in India.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of leading Furniture Polish manufacturers across India. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the company personnel were also enquired about their key products, manufacturing plant location, prices of products and competitors. Through this technique, Market Insights Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the types, applications, distribution network, and regional presence of all major Furniture Polish manufacturers across the country.
Market Insights Research calculated the market size for India furniture polish using a bottom-up approach, where manufacturers’ value sales data for standard types (
Key Target Audience
- Furniture
Polish manufacturers, suppliers, distributors and other stakeholders
- Trade
associations, organizations, forums and alliances related to furniture
polish market
- Government
bodies such as regulating authorities and policy makers
- Market
research and consulting firm
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as Furniture Polish manufacturers, distributors and dealers, customers and policy makers, about which market segments should be targeted over the coming years (next two to five years) in order to strategize investments and capitalize on the growth of the market segment.
