PUBLISHER: Allied Market Research | PRODUCT CODE: 1446411
PUBLISHER: Allied Market Research | PRODUCT CODE: 1446411
Wood lacquer is a coating or finish applied to wooden surfaces to enhance their appearance, protect the wood, and provide a smooth, glossy finish. Lacquer is a clear or pigmented liquid that dries quickly to form a hard and durable layer on the wood. It is widely used in the furniture industry and for various wood applications. Furthermore, metal furniture lacquer is a type of coating or finish applied to metal surfaces to enhance their appearance, protect against corrosion, and provide a durable and attractive finish. The lacquer creates a protective layer that helps preserve the metal, preventing it from tarnishing, rusting, or deteriorating due to exposure to environmental elements. Clear lacquer for metal furniture provides a transparent protective coating without altering the natural color of the metal. It is commonly used to protect the metal while allowing its original appearance to show through.
Colored lacquers allow for customization of the appearance of the metal, providing options for different colors and finishes. This enhances the aesthetics of metal furniture to match various design preferences. Some metal furniture lacquers come with specialized finishes, such as matte, satin, or high-gloss options, allowing for further customization of the final look.
Furthermore, the increased demand for building renovation and remodeling activities can indeed contribute to the expansion of the global furniture lacquer market. There is a parallel demand for new and updated furniture as more individuals and businesses invest in renovating and remodeling their homes or commercial spaces. Furniture lacquer, with its ability to provide a fresh and polished finish, becomes an attractive choice for those looking to enhance the appearance of existing furniture or incorporate new pieces into renovated spaces. Renovation projects often focus on improving the overall aesthetics of a space. Furniture lacquer offers a glossy and smooth finish that can significantly contribute to the visual appeal of furniture. This is particularly important when trying to achieve a modern or updated look in a renovated space. These factors are expected to drive the market growth during the projection period.
The furniture lacquer market is segmented into type, application, and region. Based on type, the market is bifurcated into solvent-based and water-based. Based on application, the market is bifurcated into wood furniture and metal furniture. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include Akzo Nobel N.V., PPG Industries, Inc., Nippon Paint Holdings Co., Ltd., The Sherwin-Williams Company, Diamond Paints, Minwax, Rust-Oleum, Morrells Woodfinishes Ltd, M.L. Campbell, and Axalta Coating Systems. These players have adopted product launches as their key strategy to increase their market shares.
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