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SHOE POLISH MARKET GLOBAL INDUSTRY ANALYSIS, TRENDS, MARKET SIZE AND FORECASTS UP TO 2023


Shoe Polish Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Š Infinium Global Research

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Shoe Polish Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Introduction Report Description

The Global Shoe Polish Market was sized near USD 21.0 billion in 2016. The global shoe polish market is projected to grow with a CAGR of 3% during 2017-2023. Shoe polish is a material used for polishing, shining, softening and waterproofing the shoes, so that shoes lasts longer and appears better. Shoe polish is available in paste, cream and liquid form. They are made from wax, mineral oils, collagen, and some other chemicals. Bull shine, high gloss shine and spit shine are popular shoe shine modes. Shoe polish contains certain oils which keep the leather fiber flexible and slows down the oxidation process of leather. Tallow, lanolin, mink oil and neatsfoot oil among others are major oils in shoe polish. Wax type of shoe polish is made from paraffin, plant based wax or bees wax. Naphtha, turpentine and mineral spirits are the major solvents used in shoe polish for softening the wax for easier application. Gum Arabic is a viscosity stabilizer utilized for coloring purpose. Shoe cream have higher oil content and lesser oil content. It is good for the conditioning of the shoe leather. Shoe paste is a wax based polish that has more wax content and lesser oil content. Liquid shoe polish is more suitable for shoes made from synthetic leather. This report estimates the market size of shoe polish market in terms of value (USD million) over the period of 2015 to 2023.The year 2015 is considered to be a base year, and 2017 to 2023 is considered to be a forecast period. Moreover, the market sizes for shoe polish market by product type and application is estimated in terms of value. This market research study provides detailed qualitative and quantitative analysis of the global shoe polish market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of shoe polish market. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific

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Shoe Polish Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

and Rest of the World (RoW). The market size and forecasts are also given for these regions. Countries with major market revenues are covered for each of the region. Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of shoe polish market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the global shoe polish market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. Segmentation and Research Scope SHOE POLISH MARKET SEGMENTATION

SHOE POLISH MARKET

Type    

Cream Polish Liquid Polish Wax Polish Others

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Product  Shoe Shine Oil  Shoe Leather Nourishing Cream  Shoe Leather Softener  Others

End User  Household  Commercial  Others

Region    

North America Europe Asia Pacific RoW

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Shoe Polish Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

The report on global shoe polish market covers segments such as type, product and end user. The type segments include cream polish, liquid polish, wax polish and others. On the basis of product the global shoe polish market is categorized into shoe shine oil, shoe leather nourishing cream and shoe leather softener among others. Based on end user, the market is segmented as household and commercial. Research Methodology Methodology Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the Shoe Polish market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days. Research Methodology: An Outline Primary source of the information and data include  Industry Experts/consultants  Top level executives in the key market players  Subject matter experts  Academicians and research scholars

PRIMARY RESEARCH

Secondary sources of the information and data include  Company annual reports  Government/institutional publications  Trade and associations journals  Databases  Websites and publications by research agencies  Others

SECONDARY RESEARCH

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Shoe Polish Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

RESEARCH APPROACHES- BOTTOM UP BOTTOM-UP APPROACH

Arriving at Global Market Size

Market Share of Key Players

Key Market Players

Arriving at Regional/Country Market Size

 

Accumulation of the country level market size (value) Regional market size of shoe polish and its type

 

Segment revenue of the key players Country level market size by type, product and end user (value)

Identifying key players in the shoe polish market

 

Accumulation of the regional/country market size (value) Global market size of type, product and end user

RESEARCH APPROACHES- TOP-DOWN Global Market

Market Segments

Determine the Regional Market Size Country Level Market Sizing

 

Global market size of shoe polish market Value for 2015 to 2023

 

% breakdown by market segments by type, product and end user Value for 2015 and 2023

 

Regional market size of the shoe polish market (value) Regional market size of type, product and end user

Country level market size of the shoe polish market in every region (value) Country level market size of type, product and end user in every region

TOP-DOWN APPROACH

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Shoe Polish Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

The study on global Shoe Polish market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD million. Furthermore, the research covers the analysis of the various segments in the global Shoe Polish market. The estimates in the global Shoe Polish market are based on both bottom-up and top-down approaches. In the bottom-up approach the revenues of the key players are determined and added to arrive at country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of Shoe Polish market. In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia-Pacific and RoW. The regional market was then divided as per the market share of the type, product and application. Executive Summary Global Shoe Polish Market Highlights, (USD Million)

The global Shoe Polish market is expected to grow at a CAGR of 2.67 % between 2017 and 2023 in terms of value. Cherry Blossom and KIWI dominate the global shoe polish market with substantial market share. Increasing sales of liquid shoe polish, product innovation, expansions in more regions by companies, characterizes the global shoe polish market. Changing fashion trends and use of multiple shoes for different occasions is driving the increase in sales of shoes globally and it is driving the demand for the shoe polish. Increasing use of formal shoes by professionals is driving the growth of the global shoe polish market. Increasing demand for products such as moisturizers and conditioners for shining the nonleather based shoes are enhancing the growth of the global shoe polish market. Increasing demand for liquid spray shoe polish for both leather based and synthetic materials based shoes are driving the global shoe polish market. E-commerce is providing more shoe polish product options for customers, especially imported ones and it is driving the growth of the Š Infinium Global Research

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Shoe Polish Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

market. Increasing demand for boot polish is anticipated to enhance the growth of the market during the forecast period 2017-2023. Higher price of raw materials and presence of counterfeit products are major restraints for the global shoe polish market. The government policies promoting production of shoe polish in Africa by utilizing local wax and raw materials are anticipated to provide growth opportunities for shoe polish manufacturers. As the growth of footwear markets in developed economies are becoming matured, there are opportunities to expand in the emerging economies. The development of new smart materials for shoes that is resistant to oil, water, chemicals, dirt and other materials is anticipated to provide a major challenge to shoe polish companies in near future.

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GLOBAL SHOE POLISH MARKET, 2015 – 2023 (USD MILLION)

2015

2016

2017

2018

2019

2020

2021

2022

2023

Value

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Shoe Polish Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Shoe Polish market is expected to experience rapid growth globally. However, the market size in terms of value is expected to grow at a higher rate due to increasing use of formal shoes by professionals. The global market size of Shoe Polish in terms of value was USD xxx.x million in 2015. GLOBAL SHOE POLISH MARKET, CAGR (USD MN) GROWTH BY REGIONS (2017 – 2023)

xxx.x xxx.x

2017

2023

xxx.x

xxx.x xxx.x

xxx.x

2017

2023

2017

2023

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2017 – 2023. Among geographies, North America and Europe are the major shoe polish markets. AsiaPacific is the largest and the fastest growing shoe polish market in the world followed by Europe and North America. Presence of huge population, influence of western lifestyle, increasing number of professionals, and increasing demand for shoes are the major factors that drive the growth of Asia-Pacific shoe polish market. Moreover, Asia-Pacific region is the largest footwear manufacturing and consuming region and hence the demand for shoe polish is relative to the increasing sales of shoes. As traditional shoe using regions, Europe and © Infinium Global Research

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Shoe Polish Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

North American markets have steady demand for shoe polish and it is expected to sustain the growth of those markets. African region is anticipated to grow significantly during the forecast period, as economic prosperity in many emerging countries are making shoes affordable for many people. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia and among others. Moreover, European region covers countries such as Germany, UK, France, Spain, and rest of Europe. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017 - 2023. Market Overview & Competitiveness DRO Analysis

DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global Shoe Polish market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the Shoe Polish market.Drivers refer to the factors that are expected to drive or boost the market size or demand for Shoe Polish. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of Shoe Polish market both in short run and long run. DRIVERS OF SHOE POLISH MARKET, IMPACT ANALYSIS SHORT TERM IMPACT

DRIVERS

MID TERM IMPACT

LONG TERM IMPACT

Driver 1 Driver 2 Driver 3

HIGH

MEDIUM

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LOW

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Shoe Polish Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

IGR- Growth Matrix Analysis

Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and Device segment or region based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers  Risky Zone: Low market size and low growth rate. Investment in this segment is risky  Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements  Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments.  Opportunity Zone: High growth low market size  Safe Zone: Moderate growth and moderate market size.

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Shoe Polish Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

IGR- GROWTH MATRIX ANALYSIS Growth Rate

Opportunity Zone

Consolidation Zone

High

Low

Risky Zone

Retention Zone Market Size Low

High North America

Europe

Asia-Pacific

RoW

Global Shoe Polish Market, By Type

GLOBAL SHOE POLISH MARKET BY TYPE, 2016 - 2023 (% SHARE) 2016

2023

Cream Polish

Liquid Polish

Wax Polish

Others

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Shoe Polish Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

GLOBAL SHOE POLISH MARKET BY TYPE, 2015 - 2023 (USD MILLION)

2015

2016 Cream Polish

2017 Liquid Polish

Wax Polish

2023

Others

GLOBAL CREAM POLISH BY REGIONS, 2015 - 2023 (USD MILLION)

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Shoe Polish Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

GLOBAL LIQUID POLISH BY REGIONS, 2015 - 2023 (USD MILLION)

GLOBAL WAX POLISH BY REGIONS, 2015 - 2023 (USD MILLION)

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Shoe Polish Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

GLOBAL OTHERS POLISH BY REGIONS, 2015 - 2023 (USD MILLION)

GLOBAL SHOE POLISH MARKET BY REGION, 2016 - 2023 (% SHARE)

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Shoe Polish Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Company Profiling Angelus

Company Snapshot

Siemens Medical Solutions CONTACT DETAILS:

Website: https://www.healthcare.siemens.com

Address: Siemens Healthcare GmbH Henkestr. 127 91052 Erlangen, Germany Tele:

KEY FEATURES: No. of Employees: more than xxx No. of countries of operation: xx

SWOT ANALYSIS: STRENGHTS  Sample text  Sample text

OPPORTUNITIES  Sample text  Sample text

WEAKNESS  Sample text  Sample text

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PRODUCT PORTFOLIO:  Product 1  Product 2  Product 3

Browse Detailed Description and Company Mentioned in this Report @ https://www.infiniumglobalresearch.com/consumer-goods-packaging/shoe-polishmarket © Infinium Global Research

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Shoe Polish Market: Global Industry Analysis, Market Size, Trends, and Forecast to 2023  

Global shoe polish market size is expected to exceed USD X.xx billion by 2023, growing at a CAGR between 2% and 3% over the period of 2017 –...

Shoe Polish Market: Global Industry Analysis, Market Size, Trends, and Forecast to 2023  

Global shoe polish market size is expected to exceed USD X.xx billion by 2023, growing at a CAGR between 2% and 3% over the period of 2017 –...

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