Furniture Lacquer Market Report 2026

The furniture lacquer market size has grown strongly in recent years. It will grow from $10.79 billion in 2025 to $11.42 billion in 2026 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to growth in furniture manufacturing, rising residential construction, increased demand for aesthetic finishes, availability of solvent based lacquers, expansion of woodworking industries.

The furniture lacquer market size is expected to see strong growth in the next few years. It will grow to $14.87 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to growth of urban housing, rising demand for sustainable furniture, expansion of online furniture sales, advancements in coating technologies, increasing renovation activities. Major trends in the forecast period include increasing demand for water based lacquers, rising preference for glossy finishes, growing adoption in modular furniture, expansion of eco friendly coatings, increasing focus on surface durability.

The increasing use of wood is expected to propel the growth of the furniture lacquer market going forward. Wood is a natural material sourced from the trunks, branches, and roots of trees and woody plants. Its versatility allows it to be crafted into a wide range of furniture designs. Lacquer finishes provide customization options in color, sheen, and style, enabling manufacturers to create unique and trend-aligned furniture pieces that meet evolving consumer preferences. For instance, in June 2024, according to the Wood Recyclers Association, a UK-based association, large-scale biomass remained the biggest consumer of waste wood in 2023, processing 2.8 million tonnes - representing 63% of total wood processed - and marking a 2.6% increase from 2022. This highlights the growing role of wood utilization across industries, further supporting demand for lacquer finishes. Therefore, the increasing use of wood is driving the growth of the furniture lacquer market.

Major companies operating in the furniture lacquer market are focusing on developing innovative products such as automated paint dispensing systems to enhance precision, efficiency, and consistency in paint application. An automated paint dispensing system is a technologically advanced solution designed to accurately mix, measure, and dispense paint in predetermined quantities, ensuring consistent color output, optimal material usage, and minimal waste. For instance, in December 2025, Nippon Paint (India) Private Limited, an India-based paint and coatings company, launched the INFINITY Automatic Tinting System to improve precision and efficiency in paint mixing and dispensing. The system offers automated color matching, consistent tinting, user-friendly digital controls, rapid processing, and reduced paint wastage. Its advanced software and sensor-based technology make it suitable for both retail and commercial environments, streamlining workflows, minimizing human error, and ensuring high-quality finishes in decorative and industrial painting projects.

In May 2023, Gemini Coatings, a US-based wood paint and coatings manufacturer, acquired Rudd Company Inc. for an undisclosed amount. This acquisition enables Gemini to expand and strengthen its product portfolio while enhancing its customer service capabilities. Rudd Company Inc. is a US-based producer of high-quality wood stains and furniture lacquer.

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.

Asia-Pacific was the largest region in the furniture lacquer market in 2025. The regions covered in the furniture lacquer market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the furniture lacquer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The furniture lacquer market consists of sales of acrylic lacquer, catalyzed lacquer, nitrocellulose lacquer and urushiol based lacquer. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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