Latest industry survey by Fact MR, predicts Lacquer sales to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.

The report offers actionable and valuable market insights of Lacquer. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Lacquer Market across various industries and regions.

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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

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.

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.