Furniture Lacquer Trends and Forecast
The future of the global furniture lacquer market looks promising with opportunities in the wood furniture and metal furniture markets. The global furniture lacquer market is expected to reach an estimated $14.3 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are rising demand for renovation and remodeling services in the construction sector and increasing trend of upcycling and repurposing furniture.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Furniture Lacquer by Segment
The study includes a forecast for the global furniture lacquer by type, application, and region.
Furniture Lacquer Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Solvent Based
• Water Based
Furniture Lacquer Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Wood Furniture
• Metal Furniture
Furniture Lacquer Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Furniture Lacquer Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies furniture lacquer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the furniture lacquer companies profiled in this report include-
• Morrells Woodfinishes
• Nippon Paint Holdings
• Minwax
• Akzo Nobel
• Rust-Oleum
• MLCAMPBELL
• Diamond Paints
Furniture Lacquer Market Insights
Lucintel forecasts that water-based will remain the larger segment over the forecast period due to rising focus on sustainable and eco-friendly products.
Within this market, wood furniture will remain the larger segment due to its inherent beauty and inviting aesthetics.
APAC is expected to witness highest growth over the forecast period due to increasing disposable income and growing focus on home aesthetics in the region.
Features of the Global Furniture Lacquer Market
Market Size Estimates: Furniture lacquer market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Furniture lacquer market size by type, application, and region in terms of value ($B).
Regional Analysis: Furniture lacquer market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the furniture lacquer market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the furniture lacquer market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the furniture lacquer market size?
Answer: The global furniture lacquer market is expected to reach an estimated $14.3 billion by 2030.
Q2. What is the growth forecast for furniture lacquer market?
Answer: The global furniture lacquer market is expected to grow with a CAGR of 6.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the furniture lacquer market?
Answer: The major drivers for this market are rising demand for renovation and remodeling services in the construction sector and increasing trend of upcycling and repurposing furniture.
Q4. What are the major segments for furniture lacquer market?
Answer: The future of the furniture lacquer market looks promising with opportunities in the wood furniture and metal furniture markets.
Q5. Who are the key furniture lacquer market companies?
Answer: Some of the key furniture lacquer companies are as follows:
• Morrells Woodfinishes
• Nippon Paint Holdings
• Minwax
• Akzo Nobel
• Rust-Oleum
• MLCAMPBELL
• Diamond Paints
Q6. Which furniture lacquer market segment will be the largest in future?
Answer: Lucintel forecasts that water-based will remain the larger segment over the forecast period due to rising focus on sustainable and eco-friendly products.
Q7. In furniture lacquer market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing disposable income and growing focus on home aesthetics in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the furniture lacquer market by type (solvent based and water based), application (wood furniture and metal furniture), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Furniture Lacquer Market, Furniture Lacquer Market Size, Furniture Lacquer Market Growth, Furniture Lacquer Market Analysis, Furniture Lacquer Market Report, Furniture Lacquer Market Share, Furniture Lacquer Market Trends, Furniture Lacquer Market Forecast, Furniture Lacquer Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.