The global furniture paint market is set to experience sustained and significant growth, expanding from $10.83 billion in 2025 to an estimated $13.58 billion by 2029, according to new findings by The Business Research Company. This trajectory, at a projected compound annual growth rate (CAGR) of 5.8%, is being shaped by a dynamic mix of eco-conscious consumer behaviour, real estate expansion, and innovations in smart coatings.
The report highlights that the market "has grown strongly in recent years," rising from $10.2 billion in 2024. The upward momentum is attributed to "shifts in consumer preferences towards eco-friendly [products], changes in interior design and colour trends, implementation of stricter environmental regulations and safety standards, expansion of furniture manufacturing and retailing across borders, and growth of the do-it-yourself culture."
Key growth drivers include the surge in urbanisation, increased housing construction, and the rising popularity of home renovations. The report notes, 'Furniture paint enhances the aesthetics of properties, making them more appealing to potential buyers by improving the look of interiors and modernising decor.' This correlation is underscored by UK data from the Northern Ireland Statistics and Research Agency, which found that in June 2023, 'the construction industry in the UK grew by 6.5%, with housing construction increasing by 11.1%.'
Segmented by type, product, and application, the market covers oil-based, water-based, and other furniture paints such as chalk and milk paints. Applications span residential, commercial, and industrial uses, while product types include acid curing coatings, nitrocellulose coatings, and polyurethane coatings.
Among these, innovation is a defining trend. Leading firms are investing in advanced technologies to meet evolving consumer expectations. 'Significant corporations concentrate on producing innovative products, such as spray paints,' the report states. One standout is PPG Industries Inc., which in April 2022 launched GLIDDEN MAX FLEX spray paint—a revolutionary lacquer-based formula designed for ultra-fast, high-quality finishes. 'This cutting-edge product allows DIY aficionados to achieve a flawless finish in a swift five-minute drying period, preserving the initial look of the painted object.'
The report also profiles major players influencing the market landscape, including Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., Nippon Paint Holdings Co. Ltd., and RPM International Inc., among others.
Asia-Pacific led the global market in 2023 and remains the largest region, while North America is expected to see the fastest growth through 2029. This geographical spread underscores the broad relevance and adoption of furniture paint solutions across diverse economies and industries.
The Business Research Company's detailed assessment provides comprehensive insights for manufacturers, investors, and strategists looking to navigate and capitalise on the evolving furniture paint industry. The full report is available for purchase and includes exclusive segmentation data and innovation analysis.
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