Driving Furniture Lacquer Market Growth in 2025: The Role of Growing Construction And Home Renovations Boost Demand For Furniture Lacquer

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Furniture Lacquer Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the furniture lacquer market has seen robust growth. The market is slated to increase from $10.25 billion in 2024 to $10.94 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.7%. The growth witnessed in the historic period can be attributed to the increasing demand for furniture, heightened preference for wooden furniture, rising trend of DIY furniture, growth in the furniture industry, and an increase in online furniture sales popularity.

How Will the Furniture Lacquer Market Size Evolve and Grow by 2029?
The market size of furniture lacquer is predicted to experience substantial expansion in the upcoming years, with expectations that it will reach $14.07 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 6.5%. The anticipated growth during this forecast period can be credited to the persistent growth of the worldwide furniture industry, consciousness about environmental sustainability, the expansion of e-commerce, and increased focus on customization and personalization. Key trends foreseen within this period include the usage of water-based lacquers, the application of digital printing on lacquer, and hybrid finishes.

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What Drivers Are Propelling the Growth of Furniture Lacquer Market Forward?
The escalating construction of brand new residences, as well as refurbishments of existing homes, is predicted to surge the expansion of the furniture lacquer industry. Newly built residences are entirely fresh constructions which have never been occupied before. Renovations of existing homes lead to a renewed aesthetic without altering the primary layout. Furniture lacquer, known for giving an exceptional glossy finish to new furniture and rejuvenating the gloss of old ones, is extensively used in both these scenarios. As per records from the United States Census Bureau, a recognized US agency, the residential construction stats of March 2022 show an impressive rise in privately-owned housing starts in the United States. The numbers soared to 1,769,000 in February 2022 from 1,447,000 in February 2021, marking an impressive surge of 22.3%. Hence, the boom in new residence construction and home refurbishments bolster the expansion of the furniture lacquer industry. The furniture lacquer market is also being driven by the increasing popularity of wood due to its natural appeal and versatility. Derived from tree trunks, branches, and roots, wood is an adaptable material that can be molded into various furniture designs. Lacquer finishes provide customization options in terms of color, sheen, and style, enabling furniture manufacturers to make distinctive and tailored pieces that resonate with the latest design trends and consumer tastes. The Wood Recyclers Association, a UK-based entity, stated in June 2024 that large-scale biomass remained the most significant consumer of waste wood in 2023, processing 2.8 million tonnes. This accounted for 63% of the total wood processed, evidencing a 2.6% elevation from 2022, and underlined the pivotal role of waste wood biomass in providing secure, low-carbon, baseload power. Therefore, the rising utilization of wood is propelling the expansion of the furniture lacquer market.

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Which Emerging Trends Are Transforming the Furniture Lacquer Market in 2025?
In the realm of furniture lacquer, key industry players are concentrating their efforts on creating groundbreaking products, specifically high-endurance lacquer. This kind of lacquer is a defensive layer that gives a resilient, enduring finish that delivers defense against wear and tear, moisture, and external conditions. To illustrate, Bona, a flooring goods producer headquartered in Sweden, unveiled Bona Traffic HD Raw in March 2022. The purpose of this product is to keep up with current trends and satisfy floor proprietors who desire a finish similar to untreated wood, while still maintaining longevity. The primary objective is to deliver a robust lacquer that exudes a natural appeal while shielding wooden floors from abrasion, scuff marks, and exposure to chemicals.

What Are the Key Segments in the Furniture Lacquer Market?
The furniture lacquer market covered in this report 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

Subsegments:
1) By Solvent Based: Nitrocellulose Lacquer, Acrylic Lacquer, Polyurethane Lacquer, Other Solvent-Based Lacquers
2) By Water Based: Acrylic Water-Based Lacquer, Polyurethane Water-Based Lacquer, Other Water-Based Lacquers

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Who Are the Key Players Shaping the Furniture Lacquer Market's Competitive Landscape?
Major companies operating 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.

What Geographic Markets Are Powering Growth in the Furniture Lacquer Market?
Asia-Pacific was the largest region in the furniture lacquer market in 2024. The regions covered in furniture lacquer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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