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Global Furniture Lacquer Market Size study, by Type (Solvent Based, Water Based), by Application (Wood Furniture, Metal Furniture) and Regional Forecasts 2022-2032

July 2024 | 200 pages | ID: G2490B9CA59BEN
Bizwit Research & Consulting LLP

US$ 4,950.00

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The Global Furniture Lacquer Market was valued at approximately USD 10.68 billion in 2023 and is expected to grow at a robust CAGR of 5.7% from 2024 to 2032. Furniture lacquer is a vital finish applied to wooden and metal furniture to enhance its appearance and protect the surface. This clear or colored coating dries to a hard and durable finish, providing a smooth and glossy surface that guards against scratches, moisture, and general wear and tear. The demand for furniture lacquer is driven by its ability to offer a high-gloss, durable finish that enhances the natural beauty of wood while providing essential protection. Various types of lacquer, including nitrocellulose, acrylic, and catalyzed lacquer, cater to different needs. Nitrocellulose lacquer is known for its quick-drying properties and traditional use in vintage furniture, while acrylic lacquer is water-based and more environmentally friendly. Catalyzed lacquer, containing a catalyst for accelerated curing, results in a harder, more durable finish.

Globalization and the rise of e-commerce have made it easier for consumers to access a variety of furniture options. The visual appeal of lacquer-finished furniture attracts buyers, contributing to market growth. Additionally, the demand for building renovation and remodeling activities further propels the furniture lacquer market. Renovation projects focus on improving aesthetics, and furniture lacquer offers a fresh and polished finish, making it an attractive choice for enhancing existing furniture or incorporating new pieces into renovated spaces. The increasing focus on sustainable and eco-friendly products is also driving the market towards water-based lacquers, which are considered more environmentally friendly compared to solvent-based alternatives. Advancements in material technologies and manufacturing processes play a crucial role in expanding the application areas of furniture lacquer, contributing to market growth. However, the cost associated with manufacturing and implementing these materials can be a significant restraint, limiting widespread adoption in cost-sensitive industries.

Key regions considered in the Global Furniture Lacquer Market study include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region is the leading region in the furniture lacquer market. This dominance is primarily due to the region's robust furniture manufacturing industry, particularly in countries such as China, India, and Vietnam. These countries are major exporters of furniture to global markets, benefiting from their cost-effective production capabilities and abundant raw materials. Additionally, the rising disposable income and urbanization in the region have spurred domestic demand for high-quality furniture, further driving the need for furniture lacquers. The presence of a large number of manufacturers and the increasing focus on innovative and eco-friendly lacquer products also contribute to Asia-Pacific's leading position in the furniture lacquer market. On the other hand, North America is projected to grow at a fastest rate during the projected period 2024-2032.

Major market players included in this report are:

Minwax

The Sherwin-Williams Company

Morrells Woodfinishes Ltd

M.L. Campbell

Axalta Coating Systems

Akzo Nobel N.V.

Rust-Oleum

Nippon Paint Holdings Co., Ltd.

Diamond Paints

PPG Industries, Inc.

Tikkurila Oyj

Berger Paints India Limited

Asian Paints Limited

RPM International Inc.

DAIKIN Industries, Ltd.

The detailed segments and sub-segment of the market are explained below:

By Type:

Solvent Based

Water Based

By Application:

Wood Furniture

Metal Furniture

By Region:

North America

U.S.

Canada

Europe

Germany

France

Italy

Spain

UK

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Australia

Rest of Asia-Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East and Africa:

South Africa

Saudi Arabia

Rest of Middle East and Africa

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with Country level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of competitive structure of the market.

Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL FURNITURE LACQUER MARKET EXECUTIVE SUMMARY

1.1. Global Furniture Lacquer Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Type
  1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL FURNITURE LACQUER MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL FURNITURE LACQUER MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Demand for High-Gloss and Durable Finishes
  3.1.2. Increased Renovation and Remodeling Activities
  3.1.3. Growth of E-commerce and Globalization
3.2. Market Challenges
  3.2.1. High Manufacturing Costs
  3.2.2. Limited Adoption in Cost-Sensitive Industries
3.3. Market Opportunities
  3.3.1. Advancements in Material Technologies
  3.3.2. Increased Focus on Sustainable and Eco-Friendly Products

CHAPTER 4. GLOBAL FURNITURE LACQUER MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL FURNITURE LACQUER MARKET SIZE & FORECASTS BY TYPE 2022-2032

5.1. Segment Dashboard
5.2. Global Furniture Lacquer Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Solvent Based
  5.2.2. Water Based

CHAPTER 6. GLOBAL FURNITURE LACQUER MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

6.1. Segment Dashboard
6.2. Global Furniture Lacquer Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Wood Furniture
  6.2.2. Metal Furniture

CHAPTER 7. GLOBAL FURNITURE LACQUER MARKET SIZE & FORECASTS BY REGION 2022-2032

7.1. North America Furniture Lacquer Market
  7.1.1. U.S. Furniture Lacquer Market
    7.1.1.1. Type breakdown size & forecasts, 2022-2032
    7.1.1.2. Application breakdown size & forecasts, 2022-2032
  7.1.2. Canada Furniture Lacquer Market
    7.1.2.1. Type breakdown size & forecasts, 2022-2032
    7.1.2.2. Application breakdown size & forecasts, 2022-2032
  7.1.3. Mexico Furniture Lacquer Market
    7.1.3.1. Type breakdown size & forecasts, 2022-2032
    7.1.3.2. Application breakdown size & forecasts, 2022-2032
7.2. Europe Furniture Lacquer Market
  7.2.1. Germany Furniture Lacquer Market
  7.2.2. U.K. Furniture Lacquer Market
  7.2.3. France Furniture Lacquer Market
  7.2.4. Spain Furniture Lacquer Market
  7.2.5. Italy Furniture Lacquer Market
  7.2.6. Rest of Europe Furniture Lacquer Market
7.3. Asia-Pacific Furniture Lacquer Market
  7.3.1. China Furniture Lacquer Market
  7.3.2. India Furniture Lacquer Market
  7.3.3. Japan Furniture Lacquer Market
  7.3.4. Australia Furniture Lacquer Market
  7.3.5. South Korea Furniture Lacquer Market
  7.3.6. Rest of Asia Pacific Furniture Lacquer Market
7.4. Latin America Furniture Lacquer Market
  7.4.1. Brazil Furniture Lacquer Market
  7.4.2. South Africa Furniture Lacquer Market
  7.4.3. Saudi Arabia Furniture Lacquer Market
  7.4.4. Rest of Latin America Furniture Lacquer Market
7.5. Middle East & Africa Furniture Lacquer Market
  7.5.1. GCC Furniture Lacquer Market
  7.5.2. South Africa Furniture Lacquer Market
  7.5.3. North Africa Furniture Lacquer Market
  7.5.4. Rest of Middle East & Africa Furniture Lacquer Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Minwax
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Market Strategies
  8.3.2. The Sherwin-Williams Company
  8.3.3. Morrells Woodfinishes Ltd
  8.3.4. M.L. Campbell
  8.3.5. Axalta Coating Systems
  8.3.6. Akzo Nobel N.V.
  8.3.7. Rust-Oleum
  8.3.8. Nippon Paint Holdings Co., Ltd.
  8.3.9. Diamond Paints
  8.3.10. PPG Industries, Inc.
  8.3.11. Tikkurila Oyj
  8.3.12. Berger Paints India Limited
  8.3.13. Asian Paints Limited
  8.3.14. RPM International Inc.
  8.3.15. DAIKIN Industries, Ltd.

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Furniture Lacquer Market, report scope
TABLE 2. Global Furniture Lacquer Market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Furniture Lacquer Market estimates & forecasts by Type 2022-2032 (USD Billion)
TABLE 4. Global Furniture Lacquer Market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 5. Global Furniture Lacquer Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Furniture Lacquer Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Furniture Lacquer Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Furniture Lacquer Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Furniture Lacquer Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Furniture Lacquer Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Furniture Lacquer Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Furniture Lacquer Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Furniture Lacquer Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Furniture Lacquer Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Furniture Lacquer Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Furniture Lacquer Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Furniture Lacquer Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Furniture Lacquer Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Furniture Lacquer Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Furniture Lacquer Market estimates & forecasts by segment 2022-2032 (USD Billion)
…..
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Furniture Lacquer Market, research methodology
FIG 2. Global Furniture Lacquer Market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Furniture Lacquer Market, key trends 2023
FIG 5. Global Furniture Lacquer Market, growth prospects 2022-2032
FIG 6. Global Furniture Lacquer Market, porters 5 force model
FIG 7. Global Furniture Lacquer Market, PESTEL analysis
FIG 8. Global Furniture Lacquer Market, value chain analysis
FIG 9. Global Furniture Lacquer Market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Furniture Lacquer Market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Furniture Lacquer Market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Furniture Lacquer Market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Furniture Lacquer Market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Furniture Lacquer Market, regional snapshot 2022 & 2032
FIG 15. North America Furniture Lacquer Market 2022 & 2032 (USD Billion)
FIG 16. Europe Furniture Lacquer Market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Furniture Lacquer Market 2022 & 2032 (USD Billion)
FIG 18. Latin America Furniture Lacquer Market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Furniture Lacquer Market 2022 & 2032 (USD Billion)
FIG 20. Global Furniture Lacquer Market, company market share analysis (2023)
…..
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


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