Polyurethane Finish Market to Dominate India Furniture Polish Market
by TechSci Research Market Research ReportsIncreasing construction activities
and expanding furniture industry to boost India furniture polish market through
2025
According
to TechSci Research report, “India Furniture Polish Market
By Type, By Source, By Distribution Channel, By Application, Competition,
Forecast & Opportunities, 2025”, India furniture polish market is projected to grow from $ 875
million in 2019 to $ 1.44 billion by 2025 owing to the increasing construction activities
across the country, especially in the residential sector. Moreover, expanding
furniture industry and rising number of government initiatives towards infrastructure
development like ‘Housing for All’ and ‘Smart City Mission’ are accelerating
the growth of the country’s construction sector, which is driving furniture
polish market in India.
Browse 36 market data Figures and Tables spread through 70 Pages and an in-depth TOC on "India Furniture Polish Market "
https://www.techsciresearch.com/report/india-furniture-polish-market/4830.html
The purpose of applying furniture polish to the wooden furniture is to
protect the furniture from any wear and tear and to enhance the appearance of
the furniture. The manufacturers are focusing on developing new furniture
polishing products to cater the growing demand from household as well as
commercial sectors. For example., Asian Paints, one of the leading players in
furniture polish market in India, has developed water-based polyurethane finish,
which has minimal harmful effects on both product and environment. Also,
manufacturers are trying to build up more interest among customers by allowing
them to gain access to detailed specifications and special features, which can
be vital for enhancing the furniture’s durability and appearance.
The India furniture polish market is segmented based
on type, source, distribution channel, application, region and company. Based
on type, the market is fragmented into liquid, semi-solid and aerosol polish, of
which, liquid finish furniture polish segment dominates the market due to its
high demand as it is easy to use and adds shine to the furniture. However,
rising demand for aerosol polish in India is also supporting the growth of the
furniture polish market in India. On the basis of source, the market is segmented
into PU (polyurethane), melamine, polyester, PU Alkyd Resin, nitrocellulose, and
lacquer. All of these finishes are used to protect the wood and applied as the
top coat. However, despite of these similarities there is significant
difference between them. The PU segment dominates the market as it is available
in various finishes from matte to gloss and it can be directly applied to the
furniture. Also, it comes in two formulations viz., oil-based and water-based,
which can be chosen depending on the product. In addition, the melamine finish
also comprises of over 20% share in the market on account of its durability and
affordability.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4830
Customers can also request for
10% free customization on this report.
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 Sealed Air India, Yashada Chemicals Pvt. Ltd., Goodluck Oil & Paint
Works, Sheenlac Paints Limited and Ayush Industries. “India furniture polish market
is witnessing continuous growth, owing to increasing disposable income and
rising demand for high value furniture across various region in the country. The
use of furniture polish in the country’s residential segment will continue to
grow in India during the forecast period.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“India Furniture Polish Market By Type, By Source, By
Distribution Channel, By Application, Competition, Forecast & Opportunities,
2025” has
evaluated the future growth potential of India furniture polish market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India furniture polish market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Source : TechSci Research
Sponsor Ads
Created on Jul 10th 2020 09:29. Viewed 309 times.