The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
#How have key drivers contributed to the rapid growth of the furniture lacquer market?
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. Furniture lacquer is used in new homes and home renovations to provide an intense gloss finish to the new furniture and restore the glossiness of the old furniture. For instance, in March 2022, according to recent residential construction statistics released by the United States Census Bureau, a US-based principal agency, the privately-owned housing starts in the United States reached 1,769,000 in February 2022, up from 1,447,000 in February 2021, showing an increase of 22.3%. Therefore, the rise in the construction of new homes and home renovations drive the growth of the furniture lacquer market.
Furniture Lacquer Market Driver: Wood’s Growing Popularity Fuels Expansion Of The Furniture Lacquer Market
The increasing use of wood is expected to propel the growth of the furniture lacquer market going forward. Wood is a natural material derived from the trunks, branches, and roots of trees and woody plants. Wood is a versatile material that can be crafted into various furniture designs. Lacquer finishes offer customization options in terms of color, sheen, and style. Furniture manufacturers can use lacquer to create unique and customized pieces that align with current design trends and consumer preferences. For instance, in June 2024, according to the Wood Recyclers Association, a UK-based association, large-scale biomass remained the largest consumer of waste wood in 2023, processing 2.8 million tonnes, which accounts for 63% of the total wood processed, reflecting a 2.6% increase from 2022 and highlighting the crucial role of waste wood biomass in providing secure, low-carbon, baseload power. Therefore, the increasing use of wood is driving the growth of the furniture lacquer market.
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How has the furniture lacquer market size evolved, and what are the latest forecasts for its expansion?
The furniture lacquer market size has grown strongly in recent years. It will grow from $10.25 billion in 2024 to $10.94 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. 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 $14.07 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to continued growth of the global furniture, awareness of environmental sustainability, e-commerce growth, customization and personalization. Major trends in the forecast period include water-based lacquers, digital printing on lacquer, hybrid finishes.
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Which major companies dominate the furniture lacquer market?
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 trends will shape the future of the fuel property analyzers market?
Major companies in the furniture lacquer sector are focusing on developing innovative products, including durable lacquer. Durable lacquer is a protective coating that provides a long-lasting, hard finish, offering resistance to wear, moisture, and environmental factors. For instance, in March 2022, Bona, a Sweden-based flooring products manufacturer, launched Bona Traffic HD Raw. This product aims to meet contemporary trends and the needs of floor owners seeking an ultra-matte finish that resembles untreated wood while ensuring durability. The primary goal is to provide a highly durable lacquer that offers a natural look, protecting wooden floors from wear, scuffing, and chemical exposure.
Which region dominates the furniture lacquer market, and what factors contribute to its leadership?
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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How is the furniture lacquer market segmented, and which segment holds the largest share?
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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What defines the structure and scope of the furniture lacquer market?
Furniture lacquer refers to a durable, glossy furniture finish manufactured by combining natural resins or cellulose derivatives with a volatile solvent. It is used to give the furniture a glossy finish and protects the wood from damage and improves the appearance of the furniture.
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