Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Furniture Lacquer Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Furniture Lacquer Market?
The Furniture Lacquer market size has seen significant growth in the past few years. This market was expected to increase from $10.25 billion in 2024 to $10.79 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 5.3%.
What Are the Expected Market Growth Trends for the Furniture Lacquer Market Through 2029?
The Furniture Lacquer market is anticipated to expand to a size of $13.79 billion by 2029, with a compound annual growth rate (CAGR) of 6.3%.
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What Are the Key Business Drivers in the Furniture Lacquer Market Landscape?
The key Drivers in the furniture lacquer market are:
• Surge in the construction of new homes
• Increased activity in home renovations
• Growing use of furniture lacquer for achieving glossy finish
• Use of furniture lacquer in both new and restored furniture
How Is the Furniture Lacquer Market Divided Across Key Categories?
The furniture lacquermarket 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
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What Are the Ongoing Trends in the Furniture Lacquer Market?
The key trends in the furniture lacquer market are:
• The focus on innovating new, robust products highlights an upcoming trend.
• Creating durable lacquers that allow wooden surfaces to maintain their natural look is emerging as a trend.
• A notable trend is the manufacturing of lacquers that provide resistance to wear, moisture, and environmental degradation.
• The need for lacquers that give an ultra-matte finish, resembling untreated wood, is an emerging trend.
Which Companies are Expanding in the Furniture Lacquer Industry?
The key players 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.
Which is the Largest Region the Global Furniture Lacquer Market?
Asia-Pacific was the largest region in the furniture lacquer market in 2024
