Furniture Lacquer Market to See Thriving Worldwide | Hempel, AkzoNobel, BASF

The Furniture Lacquer Market has witnessed continuous growth in past few years and is projected to grow at good pace during the forecast period of 2021-2026. The exploration provides a 360° view and insights, highlighting major outcomes of Furniture Lacquer industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. Additionally, the study helps venture or emerging players in understanding the businesses to make well-informed decisions. Some of the major and emerging players within the market are AkzoNobel (Netherlands), Hempel (Denmark), Nippon Paint (Japan), PPG Industries, Kansai Paints (Japan), The Sherwin-Williams Company, BASF (Germany), Axalta Coating Systems, Diamond Paints (India), RPM International (United States).

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Definition:
Lacquers are clear or colored coatings that provide a glossy finish to furniture and fixture surfaces. They are available with many different sheen levels, ranging from high gloss to ultra-matte. It offers extremely hard finishes, and is highly resistant to damage, particularly from acid, alkali, water, and abrasions. It is dispersed in a solvent, which evaporates quickly by curing process leaving a hard, durable finish on the furniture. Solvent-based lacquer such as nitrocellulose lacquer cures slow, which makes the finishing process, touch-up, or repair easier and more controllable. It is produced from the nitration of cotton and other cellulosic materials, which produce high shine, providing a hard, flexible, and durable finish. Acrylic lacquer provides enhanced adhesion to metals and has a high resistance to UV rays and water.

Breakdown by segments, the market is categorized as: by Type (Solvent Based (Nitrocellulose Lacquers, Acrylic Lacquers), Water-Based), Application (Wood Furniture, Metal Furniture), Sales Channel (Online Sales Channel, Offline Sales Channel)

Market Trends:
• The rise in preference for eco-friendly, nontoxic products and an increase in environmental awareness among consumers have supplemented the demand for water-based furniture lacquer

Market Drivers:
• The rise in disposable income and change in lifestyle patterns in emerging countries, such as China, India, Brazil, the Middle East, and Africa, have fueled the demand for building renovation & remodeling

Market Opportunities:
• The growth in population in these countries
• High adoption of Acrylic Lacquers

Players profiled in the report: AkzoNobel (Netherlands), Hempel (Denmark), Nippon Paint (Japan), PPG Industries, Kansai Paints (Japan), The Sherwin-Williams Company, BASF (Germany), Axalta Coating Systems, Diamond Paints (India), RPM International (United States).

Regional Analysis for Furniture Lacquer Market includes: North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey & Rest of Middle East & Africa

The Global Furniture Lacquer Market study covers on-going status, % share, upcoming growth patterns, development cycle, SWOT analysis, sales channels & distributions to anticipate trending scenarios for years to come. It aims to recommend analysis of the market by trend analysis, segment breakdown, and players contribution in Furniture Lacquer market upliftment. The market is sized by 5 major regions i.e., North America, Europe, Asia Pacific (includes Asia & Oceania separately), Middle East and Africa (MEA), and Latin America and further broken down by 18+ jurisdiction or countries like China, the UK, Germany, United States, France, Japan, India, group of Southeast Asian & Nordic countries etc.

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For Consumer-Centric data, demand-side or survey analysis can be added in final deliverable as part of customization that would include analysis and consumer behaviour of Furniture Lacquer Market by demographic factor such as Age, Gender, Occupation, Income Level or Education. {*subject to data availability and feasibility}

Consumer Traits Includes Following Patterns**
Consumer Buying patterns (e.g., comfort & convenience, economical, pride)
Customer Lifestyle (e.g., health conscious, family orientated, community active)
Expectations (e.g., service, quality, risk, influence)

Major Highlights from the Global Furniture Lacquer Market factored in the Analysis

Furniture Lacquer Market Measures & Parameters Addressed in Study: The report highlights Furniture Lacquer market features such segment revenue, weighted average selling price by region, capacity utilization rate, production & production value, % gross margin by company, consumption, import & export, demand & supply, cost bench-marking of finished product in Furniture Lacquer Industry, market share and annualized growth rate (Y-o-Y) and % CAGR.

Major Strategic Furniture Lacquer Market Developments: Activities such as Research & Development (R&D) by phase, on-going and completed Merger & Acquisition (M&A) [deal value, purpose, effective year], Joint ventures (JVs), Technological tie-ups, Suppliers partnerships & collaborations, agreements, new launches etc taken by Furniture Lacquer Industry players during projected timeframe of study.

What unique qualitative insight is included in Furniture Lacquer Market research study?
The Global Furniture Lacquer Market report provides the rigorously studied and evaluated data of the top industry players and their scope in the market by means of various analytical tools. To gain a deep dive analysis; qualitative commentary on changing market dynamics {drivers, restraints & opportunities}, PESTLE, 5-Forces, Feasibility study, BCG matrix (% Share vs % Growth), SWOT by players, Heat Map analysis etc have been provided to better correlate key players product offering in the market.

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Extracts from Table of Contents :
1. Furniture Lacquer Market Overview
- Market Snapshot
- Definition
- Product Classification
2. Furniture Lacquer Market Dynamics
- Drivers, Trends, Restraints......
- Market Factors Analysis
3. New Entrants and Entry-barriers
4. Standardization, Regulatory and collaborative initiatives
- Manufacturing Process Analysis
- Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers
5. Global Furniture Lacquer Market Competition by Manufacturers
6. Furniture Lacquer Market Value [USD], Capacity, Supply (Production), Consumption, Price, Export-Import (EXIM), by Region (2016-2020)
.......
7. Furniture Lacquer Revenue (Value), Production, Sales Volume, by Region (2021-2026)
8. Furniture Lacquer Market Manufacturers Profiles/Analysis
- Market Share Analysis by Manufacturers (2020)
- Manufacturers Profiles (Overview, Financials, SWOT etc)
- Connected Distributors/Traders
- Marketing Strategy by Key Manufacturers/Players

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