Global market for furniture varnishes and paints to reach $4 billion by 2019

Rising demand for lacquers and paints in Central and Eastern Europe will drive the growth of the global furniture lacquers and paints market, according to the study "Global Furniture Wood Coatings Market 2015-2019". Consumption is expected to reach $4 billion by the end of 2019. The recovery of the housing construction market across the globe is also a factor behind this growth.

The global concern for natural products will also influence this industry. Start-up companies that offer innovative and environmentally friendly products will see growing sales. For example, US company Vermont Natural Coatings offers PolyWhey, a professional product derived from recycled whey protein. The product is an alternative to water-based paints and can be used both indoors and outdoors. In addition, this product is also low in VOCs (volatile organic compounds), approximately 680g/gallon (1 gallon = 3.78 l).

The study presents consumption by region, the Americas (North and South America), APAC (Asia and Pacific) and EMEA (Europe, Middle East and Africa). Interestingly, in 2014, APAC accounted for 501TPTP3T of total consumption, and the average growth rate over the next few years is forecast to be around 71TPTP3T. Rising purchasing power and the emergence of new cities in China and India are driving growth in the region.

The global varnishes and paints market is highly fragmented with both global and regional players. The use of wood in various applications has facilitated the emergence and development of local producers. Suppliers compete on the basis of price, innovation, quality, performance and customer focus.

The world's leading manufacturers are Akzo Nobel, BASF (acquired by Akzo Nobel), PPG, Sherwin Williams, Valspar.

Other smaller manufacturers are Benjamin Moore, DAW, Diamond Vogel, Drywood Coatings, Feyco Treffert, Helios, ICA, IVM Chemicals, Jotun, KAPCI Coatings, Kelly-Moore Paints, Minwax, Monocoat, NanoTech Coatings, Renner, Sirca, Sniezka, Tikkurila, Vermont Natural Coatings, Weilburger Coatings and many others.

If you are interested in purchasing this study, go to:

http://www.researchandmarkets.com/research/8r2tjg/global_furniture