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

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

The global focus on natural products will also influence this industry. Start-up companies offering innovative and environmentally friendly products will see sales grow. 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 680 g/gallon (one gallon = 3.78 l).

The study presents consumption by region, Americas (North and South), APAC (Asia and Pacific countries) and EMEA (Europe, Middle East and Africa). Interestingly, in 2014, APAC accounted for 50% of total consumption and the average growth rate in the coming years is forecast to be around 7%. Rising purchasing power and the emergence of new cities in China and India are driving growth in the region.

The world market for paints and varnishes 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 and performance and customer focus.

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

Other smaller manufacturers include 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