The term lacquer is used for a number of potentially and hard shiny finishes applied to materials such as wood. Lacquer define a range of clear or coloured wood finishes that dry by solvent evaporation or a curing process that produces a hard, durable finish. The finish can be of any sheen level from ultra-matte to high gloss, and it can be additional polished as required. Global Lacquer Market market was valued, in 2017 USD XX million and in 2024 is expected to reach at USD XX million with growing CAGR of XX%.
The global Lacquer Market is growing due to increasing as applications in furniture, automotive, and architectural industries create sustained growth opportunities. The shift from solvent-based to water-based lacquers will become more intense in the next decade, as a mixture of environmental compliance and end-user consciousness induces changes in built-up and uptake. The market is expected to grow as the demand for nitrocellulose will be driven by a range of features, including but not limited to easy blending, competitive pricing, and quick drying. On account of these factors, nitrocellulose will continue its lead as the preferred product type throughout the course of the forecast period, with polyurethane lacquers closing in on the second spot.
Lacquer market is very competitive and fragmented, the market consists of various players, few key players of the market are SKK, Sto, SUZUKA, JIUNUO, Asia, Seigneurle, TERRACO, Nippon, Dulux, FIRST, SKSHU, WorldWide, QUANSHENG, A&K, TERRACO, KUCK, Maydos, Fac, SCANLON, Suno, Corpoly, Homesky among others.
The Lacquer market is classified into application, product type and region. Based on the application the Lacquer Market market is bifurcated into household, commercial space, administrative space and entertainment space.
Additional, Based on region the market is classified into North America, Europe, APAC, Latin America and Middle East & Africa.
Market segmented based on medium of product type:
Product type, by finishing effect:
• Single Color Lacquer
• Colorful Lacquer
• Rock Pieces Lacquer
• Imitation Brick Lacquer
Product type, by emulsion grade:
• Styrene Acrylic Lacquer
• Pure Acrylic Lacquer
• Silicone Acrylic Lacquer
Product type, by construction method:
Market segmented based on medium of application:
• Commercial Space
• Administrative Space
• Entertainment Space
Market segmented based on region:
• North America
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Rest of Latin America
• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• Rest of MEA