Global Shoe Polish Market Overview:
Shoe Polish is a product present in liquid or solid form used to improve the appearance of leather shoe. It also extends the life of the footwear and prevents absorbing the water as they are manufactured using natural and synthetic materials. There are different variants present in the market according to the shoe color and need of the customer. Changing fashion and trends are boosting markets for the shoe polish as more people are preferring the leather shoes
- Rising Sales of Shoes among the Consumers
- Increasing Usage of Shoes by Professionals
- Technological Advancements Made in the Material
- Increasing Importance to Orthopedic Shoes
- High Prices Associated with the Raw Materials
- Introduction of Counterfeit Products in the Market
- Growing E-Commerce Industries is Making the Product Easily Accessible
- Demand of Liquid Shoe Polish in Urban Areas
- Containing Toxic Chemicals which can be Absorbed by the Skin
In this market there is high competition due to the availability of large amount of players. The key players are looking for the expansion and the technological developments
Some of the key players profiled in the report are S. C. Johnson & Son, Inc. (United States), Lincoln (France), Cherry Blossom (United Kingdom), Cadillac Products (United States), Griffin Products (United States), Lexol Products (Brazil), Moneysworth & Best (Canada), Fiebing (Headquarter), TRG Shoe Cream (United States) and Timpson Shoe Polish (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like Angelus Products (Belgium), Penguin Products (India), AVEL (United Kingdom) and Sof Sole Products (United States). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Shoe Polish market by 2024. Considering Market by Color, the sub-segment i.e. Black will boost the Shoe Polish market. Considering Market by Distribution, the sub-segment i.e. Online will boost the Shoe Polish market.
In 2019, SC Johnson announced that it has signed an agreement to acquire Sun Bum®, which makes quality personal care products such as sun protection, hair care and lip care products
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Shoe Polish market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Shoe Polish market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Distributors and suppliers, Government bodies and Research institutes.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.