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 neats foot 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 creams 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.
Market Analysis and Insights: Global Shoe Polish Market
Due to the COVID-19 pandemic, the global Shoe Polish market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Cream Polish accounting for % of the Shoe Polish global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Household segment is altered to an % CAGR throughout this forecast period.
China Shoe Polish market size is valued at US$ million in 2021, while the US and Europe Shoe Polish are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Shoe Polish landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Shoe Polish include Angelus, Cherry Blossom, C.A. Zoes Mfg Co, Cadillac Shoe Products Inc, Fiebing, Griffin Shoe Care, Harry Hoffman Company, KIWI and Lexol, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
Global Shoe Polish Scope and Segment
Shoe Polish market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Shoe Polish market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Cream Polish
Liquid Polish
Wax Polish
Segment by Application
Household
Commercial
By Company
Angelus
Cherry Blossom
C.A. Zoes Mfg Co
Cadillac Shoe Products Inc
Fiebing
Griffin Shoe Care
Harry Hoffman Company
KIWI
Lexol
Moneysworth & Best
Shinola
Tarrago Brands International
TRG Shoe Cream
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E