Market Overview:
The global wooden furniture 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 wooden furniture across the globe and rising awareness about the benefits of using wood lacquer products. The global wooden furniture lacquer market is segmented on the basis of type, application, and region. On the basis of type, it is divided into nitrocellulose lacquers, acrylic lacquers, and water-based lacquers. Nitrocellulose Lacquers are further classified into cellulose acetate butyrate (CAB) nitrocellulose laquer and polyvinyl butyral (PVB) nitrocellulose laquer; while acrylic Lacquers are further classified into alkyd resin-based acrylics laqueurs and acrylate resin-based acrylics laqueurs. On the basis of application, it is divided into furniture factory, hardware store, supermarket, other applications such as construction industry etc., and regions such as North America,, Latin America,, Europe,, Asia Pacific,, Middle East & Africa,.
Product Definition:
Wooden Furniture Lacquer is a type of paint that is used specifically for wooden furniture. It provides a high level of protection against scratches and other damage, and it can also give the furniture a glossy finish.
Nitrocellulose Lacquers:
Nitrocellulose lacquers are a type of paint that is produced from cellulose nitrates. Cellulose nitrate is manufactured by combining cotton with aniline and thennitrating the product at an elevated temperature. The end-product retains most of its characteristics such as softness, elasticity, luster, and moisture resistance along with some other properties like high tensile strength and durability.
Acrylic Lacquers:
Acrylic lacquers are water-based paints, which dry to a glossy finish. They comprise of polymers and additives that help in fastening the top coat to the base coat. The topcoat is usually applied over another paint; however, in case of acrylic lacquers it is done over the wood surface itself. These products have low Volatile Organic Compounds (VOCs) content as compared to their counterparts which makes them healthier for human use and environment friendly.
Application Insights:
The furniture factory application segment accounted for the largest revenue share of over 60% in 2017. The demand from this sector is primarily driven by aesthetic requirements and high production volumes. A large number of furniture factories have been established in China which has resulted in boosting the consumption of wood lacquer there.
Hardware stores are expected to be the fastest-growing application segment, with a CAGR around 11% from 2018 to 2030 owing to increasing consumer awareness regarding product quality and durability coupled with rising preference for DIY culture among consumers globally. Wooden furnitures made out of raw materials offer natural resistance against termites, mold & mildew as well as other insects which makes them highly preferred among consumers buying ready-made products at hardware stores or home centers worldwide.
Supermarkets are also likely to witness significant growth over the forecast period due largely on account of growing popularity.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing disposable income, growing population, and rising demand for furniture in emerging countries such as China and India. Moreover, rapid urbanization has led to an increase in housing facilities which will further boost product demand.
Europe wooden furniture lacquer market was valued at USD X million in 2017 owing to high acceptance of wood based products along with stringent regulations regarding VOC emissions from varnishes used across various industries including construction, automotive etc., thereby reducing environmental pollution caused due to manufacturing wooden products using toxic chemicals.
Growth Factors:
- Increasing demand for wooden furniture in the global market.
- Rising disposable income of consumers, which is resulting in an increase in demand for luxury wooden furniture.
- Rapid urbanization and growing population are leading to an increase in the demand for residential and office space, which is subsequently driving the growth of the wooden furniture lacquer market.
- The increasing trend of interior decoration and home improvement is also propelling the growth of this market as it leads to an increase in demand for wood finishes and lacquers products used to enhance the appearance of wood furnishings 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Wooden Furniture Lacquer Market Research Report
By Type
Nitrocellulose Lacquers, Acrylic Lacquers, Water-based Lacquers
By Application
Furniture Factory, Hardware Store, Supermarket, Other
By Companies
PPG, Minwax, Rust-Oleum, Valspar, Pure＆Original, Tamiya, Boysen Paints, ADLER, Intercoat Industrial Paints Ltd, Symphony Coatings, PPG, Morrells
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Wooden Furniture Lacquer Market Report Segments:
The global Wooden Furniture Lacquer market is segmented on the basis of:
Types
Nitrocellulose Lacquers, Acrylic Lacquers, Water-based Lacquers
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 Factory, Hardware Store, Supermarket, Other
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:
- PPG
- Minwax
- Rust-Oleum
- Valspar
- Pure＆Original
- Tamiya
- Boysen Paints
- ADLER
- Intercoat Industrial Paints Ltd
- Symphony Coatings
- PPG
- Morrells
Highlights of The Wooden Furniture 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:
- Nitrocellulose Lacquers
- Acrylic Lacquers
- Water-based Lacquers
- By Application:
- Furniture Factory
- Hardware Store
- Supermarket
- Other
- 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 Wooden Furniture 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?
Wooden furniture lacquer is a type of finish that is applied to wooden furniture to give it a glossy, protective coating. It is typically made from polyurethane, which dries quickly and leaves the wood with a smooth finish.
Some of the key players operating in the wooden furniture lacquer market are PPG, Minwax, Rust-Oleum, Valspar, Pure＆Original, Tamiya, Boysen Paints, ADLER, Intercoat Industrial Paints Ltd, Symphony Coatings, PPG, Morrells.
The wooden furniture lacquer market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wooden Furniture 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 Wooden Furniture Lacquer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wooden Furniture 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 Wooden Furniture 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 Wooden Furniture Lacquer Market Size & Forecast, 2018-2028
4.5.1 Wooden Furniture Lacquer Market Size and Y-o-Y Growth
4.5.2 Wooden Furniture Lacquer Market Absolute $ Opportunity
Chapter 5 Global Wooden Furniture 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 Wooden Furniture Lacquer Market Size Forecast by Type
5.2.1 Nitrocellulose Lacquers
5.2.2 Acrylic Lacquers
5.2.3 Water-based Lacquers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wooden Furniture 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 Wooden Furniture Lacquer Market Size Forecast by Applications
6.2.1 Furniture Factory
6.2.2 Hardware Store
6.2.3 Supermarket
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wooden Furniture 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 Wooden Furniture 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 Wooden Furniture Lacquer Analysis and Forecast
9.1 Introduction
9.2 North America Wooden Furniture 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 Wooden Furniture Lacquer Market Size Forecast by Type
9.6.1 Nitrocellulose Lacquers
9.6.2 Acrylic Lacquers
9.6.3 Water-based Lacquers
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 Wooden Furniture Lacquer Market Size Forecast by Applications
9.10.1 Furniture Factory
9.10.2 Hardware Store
9.10.3 Supermarket
9.10.4 Other
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 Wooden Furniture Lacquer Analysis and Forecast
10.1 Introduction
10.2 Europe Wooden Furniture 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 Wooden Furniture Lacquer Market Size Forecast by Type
10.6.1 Nitrocellulose Lacquers
10.6.2 Acrylic Lacquers
10.6.3 Water-based Lacquers
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 Wooden Furniture Lacquer Market Size Forecast by Applications
10.10.1 Furniture Factory
10.10.2 Hardware Store
10.10.3 Supermarket
10.10.4 Other
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 Wooden Furniture Lacquer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wooden Furniture 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 Wooden Furniture Lacquer Market Size Forecast by Type
11.6.1 Nitrocellulose Lacquers
11.6.2 Acrylic Lacquers
11.6.3 Water-based Lacquers
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 Wooden Furniture Lacquer Market Size Forecast by Applications
11.10.1 Furniture Factory
11.10.2 Hardware Store
11.10.3 Supermarket
11.10.4 Other
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 Wooden Furniture Lacquer Analysis and Forecast
12.1 Introduction
12.2 Latin America Wooden Furniture 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 Wooden Furniture Lacquer Market Size Forecast by Type
12.6.1 Nitrocellulose Lacquers
12.6.2 Acrylic Lacquers
12.6.3 Water-based Lacquers
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 Wooden Furniture Lacquer Market Size Forecast by Applications
12.10.1 Furniture Factory
12.10.2 Hardware Store
12.10.3 Supermarket
12.10.4 Other
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) Wooden Furniture Lacquer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wooden Furniture 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) Wooden Furniture Lacquer Market Size Forecast by Type
13.6.1 Nitrocellulose Lacquers
13.6.2 Acrylic Lacquers
13.6.3 Water-based Lacquers
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) Wooden Furniture Lacquer Market Size Forecast by Applications
13.10.1 Furniture Factory
13.10.2 Hardware Store
13.10.3 Supermarket
13.10.4 Other
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 Wooden Furniture Lacquer Market: Competitive Dashboard
14.2 Global Wooden Furniture Lacquer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PPG
14.3.2 Minwax
14.3.3 Rust-Oleum
14.3.4 Valspar
14.3.5 Pure＆Original
14.3.6 Tamiya
14.3.7 Boysen Paints
14.3.8 ADLER
14.3.9 Intercoat Industrial Paints Ltd
14.3.10 Symphony Coatings
14.3.11 PPG
14.3.12 Morrells
