Furniture Paint Market Growth Rate and Strategic Outlook till 2030

The global furniture paint market is anticipated to grow steadily during the forecast period due to factors such as increased disposable income, urbanization, significant investments by governments, and growth in the real estate sector. As a result, there is a rise in demand for furniture such as beds, tables, cupboards, and flooring, which positively affects the furniture paint market. The increased adoption of coating techniques guarantees the quality of products. The market is also driven by various regulations imposed by governments on VOC-free coatings and eco-friendly techniques. The furniture paint market is expected to grow rapidly due to increased demand for UV-cured wood coatings, which have unique properties such as protection from corrosion, anti-friction, hardness, and other environmental factors. However, the pandemic disrupted the supply chain of operations in the companies, which led to decreased revenue growth.

Get a sample copy of the Furniture Paint market report: https://www.reportsanddata.com/download-free-sample/5674

The significant growth in real estate and housing has positive impacts on demand for joinery, which includes cabinets and sidings, driving revenue growth of the furniture paint market. However, the drying time required for waterborne coatings is more in comparison to solvent-borne coatings, and many are unusable after freezing. The process of powder coating is effective in procuring thick and smooth coatings, but the difficulty in the procurement of thin films is expected to hamper revenue growth of the market.

The increased application of fluoropolymers in the building and construction industry such as Polyvinylidene Difluoride (PVDF) in industrial and architectural coatings is driving revenue growth of the market. The polyurethane segment revenue is expected to account for the largest revenue share over the forecast period due to its high-performance finishing, scratch resistance, resilience to UV light, resistance to wear and tear, and multi-coat.

The Asia Pacific region is expected to account for the largest revenue share in the global furniture paint market, followed by North America, which continues to lead in terms of revenue CAGR.

Furniture Paint Market: Drive Factors

The furniture paint market is expected to experience steady revenue growth during the forecast period, driven by several factors. Increased disposable income, urbanization, significant government investments, and growth in the real estate sector are positively impacting the construction industry, which, in turn, is driving demand for furniture such as flooring, beds, cupboards, tables, and other furniture.

The adoption of coating techniques that guarantee quality products is also driving demand. Furthermore, various regulations imposed by governments, especially those calling for VOC-free coatings, have raised demand for eco-friendly techniques.

The market is expected to grow at an increased rate due to the increased demand for UV-cured wood coatings. Mergers and acquisitions amongst manufacturers have also marked a boost in the market.

However, the pandemic disrupted the supply chain of operations in many companies, highlighting the importance of smooth logistics and distribution of raw materials.

Overall, the significant growth in real estate and housing, along with various regulations promoting the adoption of environment-friendly and new coating technologies, are driving revenue growth of the global furniture paint market.

Explore Trending Reports:

Spout Pouch Market-https://www.reportsanddata.com/report-detail/spout-pouch-market

Wood Grapples Market-https://www.reportsanddata.com/report-detail/wood-grapples-market

Irrigation Controllers Market-https://www.reportsanddata.com/report-detail/irrigation-controllers-market

Custom Packaging Market-https://www.reportsanddata.com/report-detail/custom-packaging-market

Construction Worker Safety Market-https://www.reportsanddata.com/report-detail/construction-worker-safety-market

Distributed Energy Resources Market-https://www.reportsanddata.com/report-detail/distributed-energy-resources-market

Request a customization of the report: https://www.reportsanddata.com/request-customization-form/5674

Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.

About Reports and Data    

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact:

John W, Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs

Comments

Post a Comment

Popular posts from this blog

Benzyl Alcohol Market Size Worth USD 397.6 Billion 2032| CAGR of 5.8%

According to a recent report by Reports and Data, the global benzyl alcohol market is expected to reach a size of USD 397.6 Billion by 2032 with a revenue CAGR of 5.8% during the forecast period. The increasing demand for benzyl alcohol for skin medication and its adoption in paints and coatings are some of the key drivers of market revenue growth. Benzyl alcohol is used in a wide range of applications, including inks and polishes, as it eliminates unpleasant odors and provides a mild scent. It is also used to improve the texture and consistency of products, which has increased its demand. Furthermore, benzyl alcohol is a degreasing agent and a bonding agent, which is driving the growth of the market. The adoption of benzyl alcohol in paints and coatings is also expected to contribute to revenue growth. Benzyl Alcohol Market: Notable Innovation There have been no recent notable innovations specifically in the benzyl alcohol market. However, some companies are focusing on developin...
Read more

Wax Market Size Worth USD 10.75 Billion 2032| A CAGR of 5%

Market Overview: The global wax market had a value of USD 10.75 Billion in 2022 and is projected to reach USD 16.68 Billion by 2032, with a forecasted revenue Compound Annual Growth Rate (CAGR) of 5% during the forecast period. One of the significant contributors to the growth of the wax market is the packaging industry. Wax is employed as a coating on packaging materials to enhance their quality and durability. Increased demand for packaged food and beverages, consumer goods, and pharmaceuticals has led to higher utilization of wax in packaging, driving market revenue growth. The candle sector is another crucial factor boosting revenue growth in the wax market. Various types of wax, such as paraffin, beeswax, and soy wax, are used in candle production. The demand for wax in the candle industry has risen due to increased interest in decorative and scented candles for occasions like festivals, weddings, and birthdays. Moreover, the market has seen an uptick in the demand for natura...
Read more

Pressure Sensitive Adhesives Market Size to Surpass USD 72.58 billion by 2032

Market Overview: The global pressure-sensitive adhesives market reached a size of USD 13.20 Billion in 2022, and it is projected to experience a revenue compound annual growth rate (CAGR) of 5.1% throughout the forecast period. The rising popularity of pressure-sensitive adhesives is attributed to their simplicity of application and cost-effectiveness compared to conventional attachment systems, driving the market revenue growth. Pressure-sensitive adhesives, also known as self-adhesive or self-stick adhesives, are a significant category of adhesive tapes. They are thin and flexible substances with single or double-sided coatings that adhere firmly to most clean, dry surfaces without requiring heat, solvent, or water. This ease of application is a key factor contributing to the market's growth. Get a sample copy of the Pressure Sensitive Adhesives Market report, visit: https://www.reportsanddata.com/download-free-sample/1629 Market Dynamics: Drivers: Emergence of pres...
Read more