Global Lacquer Demand to Reach 7 Million Tons in 2018, Steady Shift from Solvent-Based to Water-Based Lacquers Underway
Verfasser: ashwani_kailiya on Wednesday, 6 June 2018Global demand for lacquers is likely to reach roughly 7 million tons in 2018, as applications in furniture, automotive, and architectural industries create sustained growth opportunities. The shift from solvent-based to water-based lacquers will become more palpable in the next decade, as a combination of environmental compliance and end-user consciousness induces changes in manufacturing and uptake. The long-term outlook on lacquer market remains bullish, with novel applications in cosmetics likely to complement demand, finds a new research study by Fact.MR.
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The report finds that nitrocellulose lacquers will continue to be the highest selling products globally. Demand for nitrocellulose will be driven by a range of features, including but not limited to easy blending, competitive pricing, and quick drying. On account of these factors, nitrocellulose will maintain its lead as the preferred product type during the course of the forecast period, with polyurethane lacquers closing in on the second spot.