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Furniture Lacquer Global Market Worth $13.12 Billion at a CAGR of 7.2% By 2028 | Major Players: BASF SE, PPG Industries Inc., Akzo Nobel N.V., Jotun Paints Inc., Comex Group
Furniture Lacquer Market
The Business Research Company's Furniture Lacquer Global Market Report 2023 identifies the rise in the construction of new homes and home renovations is expected to propel the growth of the furniture lacquer market. New homes are buildings that are entirely new and have never been occupied. Home renovation brings a fresh look to a space while maintaining its original layout.
The furniture lacquer market size has grown strongly in recent years. It will grow from $9.57 billion in 2023 to $10.25 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to rising demand for furniture, growing preference for wooden furniture, growing popularity of diy furniture, expansion of the furniture industry, growing popularity of online furniture sales. The furniture lacquer market size is expected to see strong growth in the next few years. It will grow to $13.12 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
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Major players in the furniture lacquer market are BASF SE, The Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., Nippon Paint Holdings Co Ltd., RPM International Inc., Axalta Coating Systems Ltd., The Valspar Corporation, Kansai Paint Co Ltd., Hempel A/S, Jotun Paints Inc., Comex Group, Berger Paints Ltd., Rust-Oleum Corporation, Chugoku Marine Paint Ltd., Minwax Company, Carpoly Chemical Group Co Ltd., Cloverdale Paint Inc., Chugoku Marine Paints Ltd., Adler Lack AG, Maydos Chemicals Co Ltd., Pacific Paint (Boysen) Philippines Inc., Tamiya Incorporated, Morrells Woodfinishes Ltd., Intercoat Paints Ltd., Pure & Original Paint.
Low furniture sales in some areas could hinder the market's growth over the forecast period. Low furniture sales can lead to reduced production of furniture, which can impact the demand for furniture lacquer products.
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The Furniture Lacquer market is segmented -
1) By Type: Solvent Based, Water Based
2) By Finish: Gloss, Matte, Satin Or Semi-Gloss
3) By Application: Wood Furniture, Metal Furniture
4) By Distribution Channel: Online, Offline
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Furniture Lacquer market.
The Business Research Company's "Global Furniture Lacquer Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Furniture Lacquer Market Include:
1. Executive Summary
2. Furniture Lacquer Market Characteristics
3. Furniture Lacquer Market Trends And Strategies
4. Furniture Lacquer Market - Macro Economic Scenario
5. Furniture Lacquer Market Size And Growth
……
27. Furniture Lacquer Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Furniture Lacquer Market
29. Furniture Lacquer Market Future Outlook and Potential Analysis
30. Appendix
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