Market Overview:
The global wood lacquer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for wood lacquer from various applications such as furniture, flooring & decking, and others. In terms of type, the water-based wood lacquer segment is projected to grow at a higher CAGR than the solvent-based wood lacquer segment during the forecast period. This can be attributed to its properties such as low VOC emissions and environmental friendliness.
Product Definition:
A type of varnish that is made from an emulsion of shellac and alcohol, used to finish wood.
Water-Based Wood Lacquer:
Water-based wood lacquer is a coating solution used to seal the wood. It is an organic solvent-free water based coating, which provides high durability and performance with zero volatile organic compounds (VOCs). The product has excellent adhesion to the wooden surface and offers protection against moisture, insects & bacteria.
Solvent-Based Wood Lacquer:
Solvent-based wood lacquer is a type of wood finish that is produced by using various solvents to bind the ingredients in the product. The process of solvent-based wood lacquering involves three steps which are raw material procurement, application, and then final inspection. In the first step, raw materials such as turpentine oil or linseed oil are used to produce paintbrushes for paints that will be used in second and third step.
Application Insights:
The furniture application segment led the global wood lacquer market in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing demand for luxury furniture products with enhanced aesthetics. Wood-based furniture items are increasingly being replaced by artificial materials, which reduces maintenance costs and also helps in better sound insulation.
Furniture manufacturing involves a number of processes including selection of raw material, processing & construction of components followed by finishing operations such as painting or laminating with decorative materials. The complexity involved in these processes has resulted in emergence of advanced technologies that allow production of high quality products at lower costs while ensuring higher durability and efficiency. These technological advancements have further driven innovation resulting in development of novel wood coatings that offer enhanced protection against environmental factors such as moisture, UV rays etc.
Regional Analysis:
Asia Pacific dominated the global wood lacquer market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from China, India, Japan, and South Korea. In 2017, China accounted for a share of 34% in terms of consumption while India accounted for a share of 7%.
The growing population coupled with increasing disposable income has resulted in an increased demand for consumer goods such as furniture and home decorative products which will fuel the growth further. Furthermore, rapid urbanization along with infrastructure development will also drive product demand over the next eight years.
North America is projected to grow at an estimated CAGR exceeding 5% from 2017 to 2030 owing to high acceptance among consumers due to easy application process followed by manufacturers coupled with innovative designs on wood based furniture items offered by them thus driving industry growth positively across U.S.
Growth Factors:
- Increasing demand from the automotive and furniture industries for wood lacquer as a protective and decorative coating.
- Rising popularity of wood finishes that impart a high-gloss appearance, such as polyurethane lacquer.
- Growing use of wood lacquer in architectural applications, including flooring, paneling, and cabinetry.
- Advances in technology that have led to the development of new types of wood lacquer with improved performance characteristics, such as durability and resistance to fading or yellowing over time.
- Increased awareness among consumers about the benefits of using wood lacquer as a finishing treatment for wooden surfaces
Scope Of The Report
Report Attributes
Report Details
Report Title
Wood Lacquer Market Research Report
By Type
Water-Based Wood Lacquer, Solvent-Based Wood Lacquer
By Application
Furniture, Flooring & Decking, Others
By Companies
Nippon Paint, Akzo Nobel, Henkel, Bauhinia, Maydos, PPG, Taiho, Huarun, BASF, Sherwin-Williams, Diamond Vogel, DAW
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Wood Lacquer Market Report Segments:
The global Wood Lacquer market is segmented on the basis of:
Types
Water-Based Wood Lacquer, Solvent-Based Wood Lacquer
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Furniture, Flooring & Decking, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nippon Paint
- Akzo Nobel
- Henkel
- Bauhinia
- Maydos
- PPG
- Taiho
- Huarun
- BASF
- Sherwin-Williams
- Diamond Vogel
- DAW
Highlights of The Wood Lacquer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Water-Based Wood Lacquer
- Solvent-Based Wood Lacquer
- By Application:
- Furniture
- Flooring & Decking
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wood Lacquer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wood lacquer is a type of finish that is applied to wood using a lacquer gun. The finish coats the wood and creates a hard, glossy surface.
Some of the major companies in the wood lacquer market are Nippon Paint, Akzo Nobel, Henkel, Bauhinia, Maydos, PPG, Taiho, Huarun, BASF, Sherwin-Williams, Diamond Vogel, DAW.
The wood lacquer market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wood Lacquer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wood Lacquer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wood Lacquer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wood Lacquer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wood Lacquer Market Size & Forecast, 2018-2028
4.5.1 Wood Lacquer Market Size and Y-o-Y Growth
4.5.2 Wood Lacquer Market Absolute $ Opportunity
Chapter 5 Global Wood Lacquer Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Wood Lacquer Market Size Forecast by Type
5.2.1 Water-Based Wood Lacquer
5.2.2 Solvent-Based Wood Lacquer
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wood Lacquer Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Wood Lacquer Market Size Forecast by Applications
6.2.1 Furniture
6.2.2 Flooring & Decking
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wood Lacquer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wood Lacquer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Wood Lacquer Analysis and Forecast
9.1 Introduction
9.2 North America Wood Lacquer Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Wood Lacquer Market Size Forecast by Type
9.6.1 Water-Based Wood Lacquer
9.6.2 Solvent-Based Wood Lacquer
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Wood Lacquer Market Size Forecast by Applications
9.10.1 Furniture
9.10.2 Flooring & Decking
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Wood Lacquer Analysis and Forecast
10.1 Introduction
10.2 Europe Wood Lacquer Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Wood Lacquer Market Size Forecast by Type
10.6.1 Water-Based Wood Lacquer
10.6.2 Solvent-Based Wood Lacquer
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Wood Lacquer Market Size Forecast by Applications
10.10.1 Furniture
10.10.2 Flooring & Decking
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Wood Lacquer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wood Lacquer Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Wood Lacquer Market Size Forecast by Type
11.6.1 Water-Based Wood Lacquer
11.6.2 Solvent-Based Wood Lacquer
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Wood Lacquer Market Size Forecast by Applications
11.10.1 Furniture
11.10.2 Flooring & Decking
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Wood Lacquer Analysis and Forecast
12.1 Introduction
12.2 Latin America Wood Lacquer Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Wood Lacquer Market Size Forecast by Type
12.6.1 Water-Based Wood Lacquer
12.6.2 Solvent-Based Wood Lacquer
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Wood Lacquer Market Size Forecast by Applications
12.10.1 Furniture
12.10.2 Flooring & Decking
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Wood Lacquer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wood Lacquer Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Wood Lacquer Market Size Forecast by Type
13.6.1 Water-Based Wood Lacquer
13.6.2 Solvent-Based Wood Lacquer
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Wood Lacquer Market Size Forecast by Applications
13.10.1 Furniture
13.10.2 Flooring & Decking
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wood Lacquer Market: Competitive Dashboard
14.2 Global Wood Lacquer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nippon Paint
14.3.2 Akzo Nobel
14.3.3 Henkel
14.3.4 Bauhinia
14.3.5 Maydos
14.3.6 PPG
14.3.7 Taiho
14.3.8 Huarun
14.3.9 BASF
14.3.10 Sherwin-Williams
14.3.11 Diamond Vogel
14.3.12 DAW
