The study covers a detailed analysis segmented by key business segments i.e. by type (Latex Paint, Chalk Paint, Milk Paint, Acrylic Paint and Others) , by application (Household and Commercial) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Furniture Paint market throughout the predicted period.
What is Furniture Paint?
The paints is applied to furniture or wooden surfaces to provide a smooth protective cover of the desired colour, with improved aesthetic appearance of wood structure. The good quality painting makes the woodwork more durable, decorative with smooth finish, and free from bacterial and fungus formation. The increasing population and increasing demand for housing construction are the drivers for furniture paint market. Also, increasing urbanization and trend of hostels, co-living, guesthouses, and official premises, which has further added to the demand for various furniture products.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Furniture Paint market analysis report suggests strategies Vendors can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, including:
- Nippon Paint (Japan)
- Carpoly (China)
- Badese (China)
- Valspar (United States)
- Akzo Nobel (Netherlands)
- BASF SE (Germany)
- Drywood Coatings (Netherlands)
- Helios Group (Slovenia)
- Jotun (Norway)
- Rust-Oleum (United States)
On April 17, 2019- PPG has announced that it has completed the acquisition of automotive coatings manufacturer Hemmelrath, a manufacturer of coatings for automotive original equipment manufacturers (OEMs).
United States Regulation: Lead in Paint Requirements- All children's products, and some furniture, for adults and children, must not contain a concentration of lead greater than 0.009 percent in paint or any similar surface coatings.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies.
Growth in Unique Formulations of Paints and Increasing Demand from Commercial Sector
- Stains of Chalk Paint Will Bleed More Than Latex and Other Types of Paint
- Volatile Raw Material Prices
Increasing Investment in Infrastructure Development
Key highlights of the Global Furniture Paint market Study:
CAGR of the market during the forecast period 2020-2026
In-depth information on growth factors that will accelerate the Furniture Paint market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Furniture Paint market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Furniture Paint Vendors
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Furniture Paint market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Furniture Paint market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers of Furniture Paint, Suppliers of Furniture Paint, Wholesalers, Distributors and Retailers of Furniture Paint, Research Organization and Governmental Bodies.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.