Lacquer Market
Lacquer Market Analysis by Product Type (Nitrocellulose Lacquers, Pre-Catalyzed Lacquers, Acid Catalyzed Lacquer, Polyurethane Lacquers), by Formulation (Solvent Based, Water Based), by Application, by Distribution Channel, by End Use Industry, by Region - Global Forecast 2022 to 2032
Analysis of Lacquer market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Lacquer Market Outlook
The global lacquer market is estimated at USD 30,904 million in 2022 and is forecast to reach USD 45,349 million by 2032, growing with a CAGR of 5.2% during 2022 to 2032.
| Report Attribute | Detail |
|---|---|
| Market size value in 2021A | USD 29,439 Million |
| Market value estimate in 2022E | USD 30,904 Million |
| Market value forecast in 2032F | USD 45,349 Million |
| Global Growth Rate (2022 to 2032) | CAGR 5.2% |
| Asia Pacific Market Share in 2021 | ~28% |
| Asia Pacific Growth Rate (2022 to 2032) | CAGR 6.1% |
| Top 5 Companies Market Share | ~35% |
| Key Companies Profiled | Akzo Nobel; Asian Paints.; Axalta Coating; BASF Coatings; Berger Paints India; Carpoly Chemical; Chugoku Marine Paints; Cloverdale Paint; Diamond-Vogel Paint Company; Hempel A/S; Nippon Paint Holdings Co.; PPG Industries, Inc.; RPM International Inc.; The Sherwin-Williams Co. |
Fact.MR estimates lacquer market value to reach USD 45,349 million valuation by 2032 end, and is projected to account for nearly ~15% of the overall paints and coating sales value during the same period.
While lacquer consumption is projected to increase with a CAGR of around 5.2% over next decade while being valued at USD 45,349 million by 2032 end, evaluates Fact.MR- a market research and competitive intelligence provider.
Moreover, production of lacquer stood at around 29 Kilo Tons in 2021, accounting for 17.8% of total paints and coatings production and volume consumption is poised to grow with a CAGR of around 5.5% with production projected to reach 50 Kilo Tons by 2032 end.
Attributed to properties of lacquer such as its ability to provide durable finish in automobiles is anticipated to drive the global lacquer market over next decade.
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Lacquer Market Historical Outlook (2017 to 2021) Vs. Forecast Outlook (2022 to 2032)
As per Fact.MR- a market research and competitive intelligence provider, global lacquer consumption in the past half-decade has grown with a CAGR of around 4.5%. Global volume consumption in 2021 end stood at around 29 Kilo Tons.
Application which saw major consumption of lacquer was wood finish, accounting for around 33% of the revenue share in 2021. This can mainly attributed to superior properties of lacquer such as fast drying, transparency, and impervious to water substances.
Additionally, projections are that growing demand for hard and durable finish will provide major thrust to the consumption of lacquer over next decade especially in regions such as India and China. Also India and China are anticipated to consume more than world average owing to rapid urbanization taking place in the region.
Moreover, consumption of lacquer in cosmetic application, is poised to grow with higher single-digit CAGR over the projected forecast period. Further, solvent based lacquers have witnessed higher adoption owing to their non-toxicity as compared to solvent based lacquers, attributed to their relatively low shining quality and durability thus value is poised to grow 2.2X by 2032.
Growing Disposable Income to Augment Lacquer Sales Over the Forecast Period?
Over the past decade there has been a substantial rise in disposable income among population in Asia Pacific region. Projections are that Asia Pacific, with countries such as India and China will see substantial surge in their per capita expenditure over next decade hence consumers would be willing to pay more on home accessories such as furniture and home decors.
Hence, growing applications in the automotive, furniture and architectural industries, lacquers are expected to witness sustained growth opportunities during the forecast period. Growth of the lacquer market will greatly be influenced by their use in the woodworking finishes as they provide high shine, gloss and resistance against water and chemicals.
Attributed to these factors, lacquer application in wood finishes will provide absolute $ opportunity worth USD 3,000 Million during 2022 to 2032.
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Region-Wise Analysis
What makes Asia Pacific Growth Driver for lacquer Consumption?
Asia Pacific region continues to showcase high value for lacquer market, particularly with its rising use in the automotive and cosmetic sector. Growing population in emerging economies in this region, especially in China and India has fuelled the use cosmetic products such as nail paints in which lacquers are a vital ingredient. On the other hand, increasing production of passenger cars in this region has increased the demand for lacquers in after coating of automobiles.
Moreover, growing disposable income in the region has shoot up the sales of furniture thus creating massive opportunity for lacquer demand.
Further, increasing production of passenger cars in the region has increased the demand for lacquers in after coating of automobiles, especially in China.
Thus Asia Pacific is projected to account for fair share in global lacquer market thus poised to provide high absolute dollar opportunity during the period 2022 to 2032.
What Makes Europe Prominent Region for Driving Consumption of lacquer?
Europe is projected to provide high absolute $ opportunity for the sales of lacquer, this is mainly attributed to the increase in demand for lacquers in after coating of automobiles. Use of decorative coatings in Europe is expected to be a key influential factor for lacquer market growth during the period 2022 to 2032. With growing construction activities in the region a 3.5 percent increase in 2022 is expected to be witnessed.
Thus Europe market is poised to provide high growth opportunity for the sales of lacquers and projected to grow with a CAGR of around 6.0% over the next decade.
Category-Wise Analysis
Which Application is projected to Find Major Consumption for lacquer?
Lacquer consumption for wood finish is projected to account for major share in the market. Factors which has influenced lacquer consumption for wood finish is its ability to last long without any chipping or flaking.
Additionally, lacquer is thin when compared to other varnishes which makes helps it to penetrate deeper thus providing durable seal to the wood structure and preserving it for a longer period of time.
Holding around 33% of the market share for lacquers in 2021, wood finish application is poised to dominate the global market thus growing with a CAGR of around 5.3% over the projected forecast period.
Moreover, wood finish application will provide absolute $ opportunity worth USD 6,000 Million in the coming decade.
What is the Consumption Scenario of lacquer in Automotive Industry?
Automotive industry is projected to provide second highest absolute $ opportunity for the consumption of lacquers. This is mainly attributed to the growth in coating industry which find its application for auto refinish.
Moreover, adoption of lacquers in the automotive sector worldwide, as they provide efficient waterproofing for firework fuses and are easy to apply and offer colour retention. With gentle spray of lacquers, a durable finish with a superior lacquer sheen can be obtained. With significant growth in car production, demand for lacquers is projected to expand at a high pace in the automotive industry, contributing to the overall growth of the lacquer market.
Hence, automotive as an end use is poised to provide absolute $ opportunity worth USD 5,000 Million by 2032 end while growing with a CAGR of around 5.8% through 2022 to 2032.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competition Landscape
BASF Coatings, Berger Paints India, Carpoly Chemical, Chugoku Marine Paints, Cloverdale Paint are some of the major players in the lacquer market.
- In August 2021, Sherwin Williams announced that it would be acquiring Sika’s European industrial coatings business. With manufacturing facility at Vaihingen, Germany company aims at expanding its business capabilities for niche products in European market.
- Akzo Nobel in June 2021 announced of acquiring Colombia based paints and coatings company Orbis. With this deal company aims at expanding its position across south and Central America. Company can be seen involved in major acquisitions attributed to it’s grow & deliver strategy.
Fact.MR has provided detailed information about price points of top manufacturers of lacquer positioned across regions, in addition to providing sales growth information, production capacity, and speculative production expansion in the recently published report.
Key Segments
-
By Product Type
- Nitrocellulose Lacquers
- Pre-Catalyzed Lacquers
- Acid Catalyzed Lacquer
- Polyurethane Lacquers
- Radiation Curing-Lacquers
- Unsaturated Polyester Lacquers
- Other Product Types
-
By Formulation Type
- Solvent Based
- Water Based
-
By Application
- Wood
- Metal
- Plastics
- Leather and Textiles
- Others (paper, nail polish etc.)
-
By Distribution Channel
- Modern Trade
- Departmental Store
- Online Retailers
- Specialty Stores
- Direct Sales
- Other Sales Channel
-
By End Use Industry
- Automotive
- Architectural
- Furniture
- Cosmetics
- Other End Users
-
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background and Associated Industry Indicators
- 4. Value Chain Analysis and Operating Margins
- 5. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 6. Global Market-Pricing Analysis
- 7. Global Market Value Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type
- 8.1. Nitrocellulose Lacquers
- 8.2. Pre-Catalyzed Lacquers
- 8.3. Acid Catalyzed Lacquer
- 8.4. Polyurethane Lacquers
- 8.5. Radiation Curing-Lacquers
- 8.6. Unsaturated Polyester Lacquers
- 8.7. Other Product Types
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Formulation Type
- 9.1. Solvent Based
- 9.2. Water Based
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
- 10.1. Wood
- 10.2. Metal
- 10.3. Plastics
- 10.4. Leather and Textiles
- 10.5. Others (paper, nail polish etc.)
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Distribution Channel
- 11.1. Paints & Coatings
- 11.2. Cosmetics & Personal Care
- 11.3. Pharmaceuticals
- 11.4. Adhesives
- 11.5. Chemicals
- 11.6. Others
- 12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use Industry
- 12.1. Automotive
- 12.2. Architectural
- 12.3. Furniture
- 12.4. Cosmetics
- 12.5. Other End Users
- 13. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
- 13.1. North America
- 13.2. Latin America
- 13.3. Europe
- 13.4. East Asia
- 13.5. South Asia & Oceania
- 13.6. Middle East & Africa
- 14. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 17. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 18. South Asia & Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 19. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 20. Key Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 21. Market Structure Analysis
- 22. Competition Analysis
- 22.1. Akzo Nobel
- 22.2. Asian Paints
- 22.3. Axalta Coating
- 22.4. BASF Coatings
- 22.5. Berger Paints India
- 22.6. Carpoly Chemical
- 22.7. Chugoku Marine Paints
- 22.8. Cloverdale Paint
- 22.9. Diamond-Vogel Paint Company
- 22.10. Hempel A/S
- 22.11. Nippon Paint Holdings Co.
- 22.12. PPG Industries, Inc.
- 22.13. RPM International Inc.
- 22.14. The Sherwin-Williams Co.
- 23. Assumptions and Acronym Used
- 24. Research Methodology
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List Of Table
Table No. 1. Global Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Product Type, 2017 to 2021
Table No. 2. Global Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Product Type, 2022 to 2032
Table No. 3. Global Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Formulation Type, 2017 to 2021
Table No. 4. Global Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Formulation Type, 2022 to 2032
Table No. 5. Global Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Application, 2017 to 2021
Table No. 6. Global Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Application, 2022 to 2032
Table No. 7. Global Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Distribution Channel, 2017 to 2021
Table No. 8. Global Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Distribution Channel, 2022 to 2032
Table No. 9. Global Market Value (USD Million) and Volume (Kilo Tons) Analysis, By End Use Industry, 2017 to 2021
Table No. 10. Global Market Value (USD Million) and Volume (Kilo Tons) Analysis, By End Use Industry, 2022 to 2032
Table No. 11. Global Value (USD Million) and Volume (Kilo Tons) Analysis, By Region, 2017 to 2021
Table No. 12. Global Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Region, 2022 to 2032
Table No. 13. North America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Product Type, 2017 to 2021
Table No. 14. North America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Product Type, 2022 to 2032
Table No. 15. North America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Formulation Type, 2017 to 2021
Table No. 16. North America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Formulation Type, 2022 to 2032
Table No. 17. North America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Application, 2017 to 2021
Table No. 18. North America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Application, 2022 to 2032
Table No. 19. North America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Distribution Channel, 2017 to 2021
Table No. 20. North America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Distribution Channel, 2022 to 2032
Table No. 21. North America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By End Use Industry, 2017 to 2021
Table No. 22. North America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By End Use Industry, 2022 to 2032
Table No. 23. North America Value (USD Million) and Volume (Kilo Tons) Analysis, By Country, 2017 to 2021
Table No. 24. North America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Country, 2022 to 2032
Table No. 25. Latin America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Product Type, 2017 to 2021
Table No. 26. Latin America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Product Type, 2022 to 2032
Table No. 27. Latin America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Formulation Type, 2017 to 2021
Table No. 28. Latin America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Formulation Type, 2022 to 2032
Table No. 29. Latin America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Application, 2017 to 2021
Table No. 30. Latin America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Application, 2022 to 2032
Table No. 31. Latin America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Distribution Channel, 2017 to 2021
Table No. 32. Latin America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Distribution Channel, 2022 to 2032
Table No. 33. Latin America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By End Use Industry, 2017 to 2021
Table No. 34. Latin America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By End Use Industry, 2022 to 2032
Table No. 35. Latin America Value (USD Million) and Volume (Kilo Tons) Analysis, By Country, 2017 to 2021
Table No. 36. Latin America Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Country, 2022 to 2032
Table No. 37. Europe Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Product Type, 2017 to 2021
Table No. 38. Europe Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Product Type, 2022 to 2032
Table No. 39. Europe Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Formulation Type, 2017 to 2021
Table No. 40. Europe Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Formulation Type, 2022 to 2032
Table No. 41. Europe Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Application, 2017 to 2021
Table No. 42. Europe Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Application, 2022 to 2032
Table No. 43. Europe Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Distribution Channel, 2017 to 2021
Table No. 44. Europe Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Distribution Channel, 2022 to 2032
Table No. 45. Europe Market Value (USD Million) and Volume (Kilo Tons) Analysis, By End Use Industry, 2017 to 2021
Table No. 46. Europe Market Value (USD Million) and Volume (Kilo Tons) Analysis, By End Use Industry, 2022 to 2032
Table No. 47. Europe Value (USD Million) and Volume (Kilo Tons) Analysis, By Country, 2017 to 2021
Table No. 48. Europe Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Country, 2022 to 2032
Table No. 49. East Asia Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Product Type, 2017 to 2021
Table No. 50. East Asia Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Product Type, 2022 to 2032
Table No. 51. East Asia Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Formulation Type, 2017 to 2021
Table No. 52. East Asia Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Formulation Type, 2022 to 2032
Table No. 53. East Asia Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Application, 2017 to 2021
Table No. 54. East Asia Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Application, 2022 to 2032
Table No. 55. East Asia Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Distribution Channel, 2017 to 2021
Table No. 56. East Asia Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Distribution Channel, 2022 to 2032
Table No. 57. East Asia Market Value (USD Million) and Volume (Kilo Tons) Analysis, By End Use Industry, 2017 to 2021
Table No. 58. East Asia Market Value (USD Million) and Volume (Kilo Tons) Analysis, By End Use Industry, 2022 to 2032
Table No. 59. East Asia Value (USD Million) and Volume (Kilo Tons) Analysis, By Country, 2017 to 2021
Table No. 60. East Asia Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Country, 2022 to 2032
Table No. 61. South Asia & Oceania Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Product Type, 2017 to 2021
Table No. 62. South Asia & Oceania Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Product Type, 2022 to 2032
Table No. 63. South Asia & Oceania Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Formulation Type, 2017 to 2021
Table No. 64. South Asia & Oceania Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Formulation Type, 2022 to 2032
Table No. 65. South Asia & Oceania Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Application, 2017 to 2021
Table No. 66. South Asia & Oceania Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Application, 2022 to 2032
Table No. 67. South Asia & Oceania Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Distribution Channel, 2017 to 2021
Table No. 68. South Asia & Oceania Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Distribution Channel, 2022 to 2032
Table No. 69. South Asia & Oceania Market Value (USD Million) and Volume (Kilo Tons) Analysis, By End Use Industry, 2017 to 2021
Table No. 70. South Asia & Oceania Market Value (USD Million) and Volume (Kilo Tons) Analysis, By End Use Industry, 2022 to 2032
Table No. 71. South Asia & Oceania Value (USD Million) and Volume (Kilo Tons) Analysis, By Country, 2017 to 2021
Table No. 72. South Asia & Oceania Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Country, 2022 to 2032
Table No. 73. MEA Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Product Type, 2017 to 2021
Table No. 74. MEA Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Product Type, 2022 to 2032
Table No. 75. MEA Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Formulation Type, 2017 to 2021
Table No. 76. MEA Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Formulation Type, 2022 to 2032
Table No. 77. MEA Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Application, 2017 to 2021
Table No. 78. MEA Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Application, 2022 to 2032
Table No. 79. MEA Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Distribution Channel, 2017 to 2021
Table No. 80. MEA Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Distribution Channel, 2022 to 2032
Table No. 81. MEA Market Value (USD Million) and Volume (Kilo Tons) Analysis, By End Use Industry, 2017 to 2021
Table No. 82. MEA Market Value (USD Million) and Volume (Kilo Tons) Analysis, By End Use Industry, 2022 to 2032
Table No. 83. MEA Value (USD Million) and Volume (Kilo Tons) Analysis, By Country, 2017 to 2021
Table No. 84. MEA Market Value (USD Million) and Volume (Kilo Tons) Analysis, By Country, 2022 to 2032
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List Of Figures
Figure No. 1: Global Market Volume (Kilo Tons) and Value (USD Million) Analysis, 2017, 2022 and 2032
Figure No. 2: Global Market Value (USD Million) Scenario Forecast, 2022 & 2032
Figure No. 3: Global Market Value (USD Million), Volume (Kilo Tons) Forecast and Analysis, 2017 to 2021
Figure No. 4: Global Market Value (USD Million), Volume (Kilo Tons) Forecast and Analysis, 2022 to 2032
Figure No. 5: Global Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure No. 6: Global Market Incremental $ Opportunity, 2022 to 2032
Figure No. 7: Global Market Share Analysis, By Product Type, 2022 & 2032
Figure No. 8: Global Market Y-o-Y Growth Projections, By Product Type, 2022 to 2032
Figure No. 9: Global Market Attractiveness Analysis, By Product Type, 2022 to 2032
Figure No. 10: Global Market Share Analysis, By Formulation Type, 2022 & 2032
Figure No. 11: Global Market Y-o-Y Growth Projections, By Formulation Type, 2022 to 2032
Figure No. 12: Global Market Attractiveness Analysis, By Formulation Type, 2022 to 2032
Figure No. 13: Global Market Share Analysis, By Application, 2022 to 2032
Figure No. 14: Global Market Y-o-Y Growth Projections, By Application, 2022 to 2032
Figure No. 15: Global Market Attractiveness Analysis, By Application, 2022 to 2032
Figure No. 16: Global Market Share Analysis, By Distribution Channel, 2022 to 2032
Figure No. 17: Global Market Y-o-Y Growth Projections, By Distribution Channel, 2022 to 2032
Figure No. 18: Global Market Attractiveness Analysis, By Distribution Channel, 2022 to 2032
Figure No. 19: Global Market Share Analysis, By End Use Industry, 2022 & 2032
Figure No. 20: Global Market Y-o-Y Growth Projections, By End Use Industry, 2022 to 2032
Figure No. 21: Global Market Attractiveness Analysis, By End Use Industry, 2022 to 2032
Figure No. 22: Global Market Share Analysis, By Region, 2022 & 2032
Figure No. 23: Global Market Y-o-Y Growth Projections, By Region, 2022 to 2032
Figure No. 24: Global Market Attractiveness Analysis, By Region, 2022 to 2032
Figure No. 25: North America Market Value (USD Million), Volume (Kilo Tons) Forecast and Analysis, 2017 to 2021
Figure No. 26: North America Market Value (USD Million), Volume (Kilo Tons) Forecast and Analysis, 2022 to 2032
Figure No. 27: North America Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure No. 28: North America Market Incremental $ Opportunity, 2022 to 2032
Figure No. 29: North America Market Share Analysis, By Product Type, 2022 & 2032
Figure No. 30: Global Market Y-o-Y Growth Projections, By Product Type, 2022 to 2032
Figure No. 31: North America Market Attractiveness Analysis, By Product Type, 2022 to 2032
Figure No. 32: North America Market Share Analysis, By Formulation Type, 2022 & 2032
Figure No. 33: North America Market Y-o-Y Growth Projections, By Formulation Type, 2022 to 2032
Figure No. 34: North America Market Attractiveness Analysis, By Formulation Type, 2022 to 2032
Figure No. 35: North America Market Share Analysis, By Application, 2022 to 2032
Figure No. 36: North America Market Y-o-Y Growth Projections, By Application, 2022 to 2032
Figure No. 37: North America Market Attractiveness Analysis, By Application, 2022 to 2032
Figure No. 38: North America Market Share Analysis, By Distribution Channel, 2022 to 2032
Figure No. 39: North America Market Y-o-Y Growth Projections, By Distribution Channel, 2022 to 2032
Figure No. 40: North America Market Attractiveness Analysis, By Distribution Channel, 2022 to 2032
Figure No. 41: North America Market Share Analysis, By End Use Industry, 2022 & 2032
Figure No. 42: North America Market Y-o-Y Growth Projections, By End Use Industry, 2022 to 2032
Figure No. 43: North America Market Attractiveness Analysis, By End Use Industry, 2022 to 2032
Figure No. 44: North America Market Share Analysis, By Country, 2022 & 2032
Figure No. 45: North America Market Y-o-Y Growth Projections, By Country, 2022 to 2032
Figure No. 46: North America Market Attractiveness Analysis, By Country, 2022 to 2032
Figure No. 47: Latin America Market Value (USD Million), Volume (Kilo Tons) Forecast and Analysis, 2017 to 2021
Figure No. 48: Latin America Market Value (USD Million), Volume (Kilo Tons) Forecast and Analysis, 2022 to 2032
Figure No. 49: Latin America Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure No. 50: Latin America Market Incremental $ Opportunity, 2022 to 2032
Figure No. 51: Latin America Market Share Analysis, By Product Type, 2022 & 2032
Figure No. 52: Latin America Market Y-o-Y Growth Projections, By Product Type, 2022 to 2032
Figure No. 53: Latin America Market Attractiveness Analysis, By Product Type, 2022 to 2032
Figure No. 54: Latin America Market Share Analysis, By Formulation Type, 2022 & 2032
Figure No. 55: Latin America Market Y-o-Y Growth Projections, By Formulation Type, 2022 to 2032
Figure No. 56: Latin America Market Attractiveness Analysis, By Formulation Type, 2022 to 2032
Figure No. 57: Latin America Market Share Analysis, By Application, 2022 to 2032
Figure No. 58: Latin America Market Y-o-Y Growth Projections, By Application, 2022 to 2032
Figure No. 59: Latin America Market Attractiveness Analysis, By Application, 2022 to 2032
Figure No. 60: Latin America Market Share Analysis, By Distribution Channel, 2022 to 2032
Figure No. 61: Latin America Market Y-o-Y Growth Projections, By Distribution Channel, 2022 to 2032
Figure No. 62: Latin America Market Attractiveness Analysis, By Distribution Channel, 2022 to 2032
Figure No. 63: Latin America Market Share Analysis, By End Use Industry, 2022 & 2032
Figure No. 64: Latin America Market Y-o-Y Growth Projections, By End Use Industry, 2022 to 2032
Figure No. 65: Latin America Market Attractiveness Analysis, By End Use Industry, 2022 to 2032
Figure No. 66: Latin America Market Share Analysis, By Country, 2022 & 2032
Figure No. 67: Latin America Market Y-o-Y Growth Projections, By Country, 2022 to 2032
Figure No. 68: Latin America Market Attractiveness Analysis, By Country, 2022 to 2032
Figure No. 69: Europe Market Value (USD Million), Volume (Kilo Tons) Forecast and Analysis, 2017 to 2021
Figure No. 70: Europe Market Value (USD Million), Volume (Kilo Tons) Forecast and Analysis, 2022 to 2032
Figure No. 71: Europe Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure No. 72: Europe Market Incremental $ Opportunity, 2022 to 2032
Figure No. 73: Europe Market Share Analysis, By Product Type, 2022 & 2032
Figure No. 74: Europe Market Y-o-Y Growth Projections, By Product Type, 2022 to 2032
Figure No. 75: Europe Market Attractiveness Analysis, By Product Type, 2022 to 2032
Figure No. 76: Europe Market Share Analysis, By Formulation Type, 2022 & 2032
Figure No. 77: Global Market Y-o-Y Growth Projections, By Formulation Type, 2022 to 2032
Figure No. 78: Europe Market Attractiveness Analysis, By Formulation Type, 2022 to 2032
Figure No. 79: Europe Market Share Analysis, By Application, 2022 to 2032
Figure No. 80: Europe Market Y-o-Y Growth Projections, By Application, 2022 to 2032
Figure No. 81: Europe Market Attractiveness Analysis, By Application, 2022 to 2032
Figure No. 82: Europe Market Share Analysis, By Distribution Channel, 2022 to 2032
Figure No. 83: Europe Market Y-o-Y Growth Projections, By Distribution Channel, 2022 to 2032
Figure No. 84: Europe Market Attractiveness Analysis, By Distribution Channel, 2022 to 2032
Figure No. 85: Europe Market Share Analysis, By End Use Industry, 2022 & 2032
Figure No. 86: Europe Market Y-o-Y Growth Projections, By End Use Industry, 2022 to 2032
Figure No. 87: Europe Market Attractiveness Analysis, By End Use Industry, 2022 to 2032
Figure No. 88: Europe Market Share Analysis, By Country, 2022 & 2032
Figure No. 89: Europe Market Y-o-Y Growth Projections, By Country, 2022 to 2032
Figure No. 90: Europe Market Attractiveness Analysis, By Country, 2022 to 2032
Figure No. 91: East Asia Market Value (USD Million), Volume (Kilo Tons) Forecast and Analysis, 2017 to 2021
Figure No. 92: East Asia Market Value (USD Million), Volume (Kilo Tons) Forecast and Analysis, 2022 to 2032
Figure No. 93: East Asia Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure No. 94: East Asia Market Incremental $ Opportunity, 2022 to 2032
Figure No. 95: East Asia Market Share Analysis, By Product Type, 2022 & 2032
Figure No. 96: East Asia Market Y-o-Y Growth Projections, By Product Type, 2022 to 2032
Figure No. 97: East Asia Market Attractiveness Analysis, By Product Type, 2022 to 2032
Figure No. 98: East Asia Market Share Analysis, By Formulation Type, 2022 & 2032
Figure No. 99: East Asia Market Y-o-Y Growth Projections, By Formulation Type, 2022 to 2032
Figure No. 100: East Asia Market Attractiveness Analysis, By Formulation Type, 2022 to 2032
Figure No. 101: East Asia Market Share Analysis, By Application, 2022 to 2032
Figure No. 102: East Asia Market Y-o-Y Growth Projections, By Application, 2022 to 2032
Figure No. 103: East Asia Market Attractiveness Analysis, By Application, 2022 to 2032
Figure No. 104: East Asia Market Share Analysis, By Distribution Channel, 2022 to 2032
Figure No. 105: East Asia Market Y-o-Y Growth Projections, By Distribution Channel, 2022 to 2032
Figure No. 106: East Asia Market Attractiveness Analysis, By Distribution Channel, 2022 to 2032
Figure No. 107: East Asia Market Share Analysis, By End Use Industry, 2022 & 2032
Figure No. 108: Europe Market Y-o-Y Growth Projections, By End Use Industry, 2022 to 2032
Figure No. 109: East Asia Market Attractiveness Analysis, By End Use Industry, 2022 to 2032
Figure No. 110: East Asia Market Share Analysis, By Country, 2022 & 2032
Figure No. 111: East Asia Market Y-o-Y Growth Projections, By Country, 2022 to 2032
Figure No. 112: East Asia Market Attractiveness Analysis, By Country, 2022 to 2032
Figure No. 113: South Asia & Oceania Market Value (USD Million), Volume (Kilo Tons) Forecast and Analysis, 2017 to 2021
Figure No. 114: South Asia & Oceania Market Value (USD Million), Volume (Kilo Tons) Forecast and Analysis, 2022 to 2032
Figure No. 115: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure No. 116: South Asia & Oceania Market Incremental $ Opportunity, 2022 to 2032
Figure No. 117: South Asia & Oceania Market Share Analysis, By Product Type, 2022 & 2032
Figure No. 118: South Asia & Oceania Market Y-o-Y Growth Projections, By Product Type, 2022 to 2032
Figure No. 119: South Asia & Oceania Market Attractiveness Analysis, By Product Type, 2022 to 2032
Figure No. 120: South Asia & Oceania Market Share Analysis, By Formulation Type, 2022 & 2032
Figure No. 121: South Asia & Oceania Market Y-o-Y Growth Projections, By Formulation Type, 2022 to 2032
Figure No. 122: South Asia & Oceania Market Attractiveness Analysis, By Formulation Type, 2022 to 2032
Figure No. 123: South Asia & Oceania Market Share Analysis, By Application, 2022 to 2032
Figure No. 124: South Asia & Oceania Market Y-o-Y Growth Projections, By Application, 2022 to 2032
Figure No. 125: South Asia & Oceania Market Attractiveness Analysis, By Application, 2022 to 2032
Figure No. 126: South Asia & Oceania Market Share Analysis, By Distribution Channel, 2022 to 2032
Figure No. 127: South Asia & Oceania Market Y-o-Y Growth Projections, By Distribution Channel, 2022 to 2032
Figure No. 128: South Asia & Oceania Market Attractiveness Analysis, By Distribution Channel, 2022 to 2032
Figure No. 129: South Asia & Oceania Market Share Analysis, By End Use Industry, 2022 & 2032
Figure No. 130: South Asia & Oceania Market Y-o-Y Growth Projections, By End Use Industry, 2022 to 2032
Figure No. 131: South Asia & Oceania Market Attractiveness Analysis, By End Use Industry, 2022 to 2032
Figure No. 132: South Asia & Oceania Market Share Analysis, By Country, 2022 & 2032
Figure No. 133: South Asia & Oceania Market Y-o-Y Growth Projections, By Country, 2022 to 2032
Figure No. 134: South Asia & Oceania Market Attractiveness Analysis, By Country, 2022 to 2032
Figure No. 135: MEA Market Value (USD Million), Volume (Kilo Tons) Forecast and Analysis, 2017 to 2021
Figure No. 136: MEA Market Value (USD Million), Volume (Kilo Tons) Forecast and Analysis, 2022 to 2032
Figure No. 137: MEA Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure No. 138: MEA Market Incremental $ Opportunity, 2022 to 2032
Figure No. 139: MEA Market Share Analysis, By Product Type, 2022 & 2032
Figure No. 140: MEA Market Y-o-Y Growth Projections, By Product Type, 2022 to 2032
Figure No. 141: MEA Market Attractiveness Analysis, By Product Type, 2022 to 2032
Figure No. 142: MEA Market Share Analysis, By Formulation Type, 2022 & 2032
Figure No. 143: MEA Market Y-o-Y Growth Projections, By Formulation Type, 2022 to 2032
Figure No. 144: MEA Market Attractiveness Analysis, By Formulation Type, 2022 to 2032
Figure No. 145: MEA Market Share Analysis, By Application, 2022 to 2032
Figure No. 146: MEA Market Y-o-Y Growth Projections, By Application, 2022 to 2032
Figure No. 147: MEA Market Attractiveness Analysis, By Application, 2022 to 2032
Figure No. 148: MEA Market Share Analysis, By Distribution Channel, 2022 to 2032
Figure No. 149: MEA Market Y-o-Y Growth Projections, By Distribution Channel, 2022 to 2032
Figure No. 150: MEA Market Attractiveness Analysis, By Distribution Channel, 2022 to 2032
Figure No. 151: MEA Market Share Analysis, By End Use Industry, 2022 & 2032
Figure No. 152: MEA Market Y-o-Y Growth Projections, By End Use Industry, 2022 to 2032
Figure No. 153: MEA Market Attractiveness Analysis, By End Use Industry, 2022 to 2032
Figure No. 154: MEA Market Share Analysis, By Country, 2022 & 2032
Figure No. 155: MEA Market Y-o-Y Growth Projections, By Country, 2022 to 2032
Figure No. 156: MEA Market Attractiveness Analysis, By Country, 2022 to 2032
Figure No. 157: United States Market Value Share By Product Type, 2022 & 2032
Figure No. 158: United States Market Value Share By End Use, 2022 & 2032
Figure No. 159: United States Market Analysis, 2017 to 2032
Figure No. 160: Mexico Market Value Share By Product Type, 2022 & 2032
Figure No. 161: Mexico Market Value Share By End Use, 2022 & 2032
Figure No. 162: Mexico Market Analysis, 2017 to 2032
Figure No. 163: Brazil Market Value Share By Product Type, 2022 & 2032
Figure No. 164: Brazil Market Value Share By End Use, 2022 & 2032
Figure No. 165: Brazil Market Analysis, 2017 to 2032
Figure No. 166: Germany Market Value Share By Product Type, 2022 & 2032
Figure No. 167: Germany Market Value Share By End Use, 2022 & 2032
Figure No. 168: Germany Market Analysis, 2017 to 2032
Figure No. 169: France Market Value Share By Product Type, 2022 & 2032
Figure No. 170: France Market Value Share By End Use, 2022 & 2032
Figure No. 171: United States Market Analysis, 2017 to 2032
Figure No. 172: United Kingdom Market Value Share By Product Type, 2022 & 2032
Figure No. 173: United Kingdom Market Value Share By End Use, 2022 & 2032
Figure No. 174: United Kingdom Market Analysis, 2017 to 2032
Figure No. 175: Russia Market Value Share By Product Type, 2022 & 2032
Figure No. 176: Russia Market Value Share By End Use, 2022 & 2032
Figure No. 177: Russia Market Analysis, 2017 to 2032
Figure No. 178: China Market Value Share By Product Type, 2022 & 2032
Figure No. 179: China Market Value Share By End Use, 2022 & 2032
Figure No. 180: China Market Analysis, 2017 to 2032
Figure No. 181: Japan Market Value Share By Product Type, 2022 & 2032
Figure No. 182: Japan Market Value Share By End Use, 2022 & 2032
Figure No. 183: Japan Market Analysis, 2017 to 2032
Figure No. 184: India Market Value Share By Product Type, 2022 & 2032
Figure No. 185: India Market Value Share By End Use, 2022 & 2032
Figure No. 186: India Market Analysis, 2017 to 2032
Figure No. 187: GCC Countries Market Value Share By Product Type, 2022 & 2032
Figure No. 188: GCC Countries Market Value Share By End Use, 2022 & 2032
Figure No. 189: GCC Countries Market Analysis, 2017 to 2032
Figure No. 190: Turkey Market Value Share By Product Type, 2022 & 2032
Figure No. 191: Turkey Market Value Share By End Use, 2022 & 2032
Figure No. 192: Turkey Market Analysis, 2017 to 2032
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- FAQs -
How much is the current worth of the lacquer market?
Currently, lacquer market is valued at USD 29,439 Million.
At what CAGR is the market expected to grow?
Lacquer consumption value is expected to grow at a CAGR of around 5.2% during the period 2022-2032.
How has been the performance of lacquer market over the past half-decade?
In terms of consumption value, lacquer grew with a CAGR of around 4.5% during 2017-2021
How have vital players reacted to the key developments in the market?
Key players can been mainly seen involved in adopting in-organic growth strategies such as mergers and acquisitions.
Who are the vital manufacturers of lacquer?
Top companies in the manufacturing of lacquer are Akzo Nobel, Asian Paints, Axalta Coating, BASF Coatings, Berger Paints India, and Carpoly Chemical
What outlook does the China provides for lacquer market?
China is estimated to hold around 33% of the global lacquer demand.
Lacquer Market