According to a new report published by Introspective Market Research, Paints & Coatings Used Shellac Market by Type, Application, and End-Use Industry, The Global Paints & Coatings Used Shellac Market Size Was Valued at USD 203.22 Billion in 2024 and is Projected to Reach USD 296.38 Billion by 2035, Growing at a CAGR of 3.49% From 2025–2035.”

The paints & coatings used shellac market plays a vital role in the global coatings industry, driven by rising demand for natural, bio-based, and environmentally friendly coating materials. Shellac, a natural resin derived from lac insects, is widely used in paints and coatings due to its excellent adhesion, high gloss finish, moisture resistance, and fast-drying properties. Compared to synthetic alternatives, shellac offers superior sustainability and non-toxicity, making it increasingly preferred in eco-conscious applications.

Shellac-based coatings are extensively used in wood finishing, furniture, automotive refinishing, architectural paints, and specialty industrial coatings. Its ability to enhance surface appearance while providing protective properties has positioned shellac as a premium coating ingredient. With increasing regulations on VOC emissions and a shift toward green building materials, manufacturers are actively incorporating shellac into innovative coating formulations.

Market Segmentation

The Paints & Coatings Used Shellac Market is segmented into Type, Application, and End-Use Industry.
By Type, the market is categorized into Refined Shellac, Dewaxed Shellac, and Bleached Shellac.
By Application, the market is categorized into Wood Coatings, Decorative Paints, Industrial Coatings, and Specialty Coatings.
By End-Use Industry, the market is categorized into Construction, Automotive, Furniture & Woodworking, and Industrial Manufacturing.

Growth Driver

One of the primary growth drivers of the paints & coatings used shellac market is the rising demand for sustainable and bio-based coating materials. Growing environmental concerns and stringent government regulations on volatile organic compounds (VOCs) have encouraged manufacturers to replace synthetic resins with natural alternatives. Shellac, being biodegradable and non-toxic, aligns well with sustainability goals. Additionally, the rapid growth of green construction and eco-friendly furniture manufacturing is fueling demand for shellac-based coatings, particularly in developed and emerging economies.

Market Opportunity

The increasing adoption of shellac in premium and specialty coatings presents a significant growth opportunity for the market. With rising consumer preference for high-gloss, durable, and aesthetically appealing finishes, shellac is gaining traction in luxury furniture, architectural restoration, and heritage building preservation. Furthermore, advancements in shellac processing technologies are improving product consistency and performance, opening new opportunities in automotive refinishing and industrial coatings applications across global markets.

Detailed Segmentation

Paints & Coatings Used Shellac Market, Segmentation

The Paints & Coatings Used Shellac Market is segmented on the basis of Type, Application, and End-Use Industry.

By Type

The Type segment is further classified into Refined Shellac, Dewaxed Shellac, and Bleached Shellac. Among these, the Dewaxed Shellac sub-segment accounted for the highest market share in 2024. Dewaxed shellac is widely preferred due to its superior clarity, enhanced adhesion, and compatibility with modern coating formulations. Its excellent moisture resistance and smooth finish make it ideal for high-performance paints and protective coatings used in furniture and industrial applications.

By Application

The Application segment is further classified into Wood Coatings, Decorative Paints, and Industrial Coatings. Among these, the Wood Coatings sub-segment held the largest market share in 2024. Shellac-based wood coatings are extensively used for furniture, flooring, and cabinetry due to their natural appearance, fast drying time, and excellent sealing properties. The growing demand for premium wood finishes continues to drive this segment.

Some of The Leading/Active Market Players Are-

• BASF SE (Germany)
• Akzo Nobel N.V. (Netherlands)
• PPG Industries Inc. (U.S.)
• Sherwin-Williams Company (U.S.)
• Nippon Paint Holdings Co., Ltd. (Japan)
• Asian Paints Ltd. (India)
• Kansai Paint Co., Ltd. (Japan)
• RPM International Inc. (U.S.)
• Hempel A/S (Denmark)
• Axalta Coating Systems (U.S.)
• Berger Paints India Ltd. (India)
• Jotun Group (Norway)
• Arkema S.A. (France)

and other active players.

Key Industry Developments

In March 2024, a leading global coatings manufacturer expanded its portfolio of bio-based coatings by introducing shellac-enhanced wood finishes.
This development aims to address growing demand for sustainable coatings while maintaining premium performance standards in furniture and architectural applications.

In September 2024, a major paint producer announced investments in natural resin processing technologies.
The initiative focuses on improving shellac purity and consistency, enabling broader use in industrial and automotive coating applications.

Key Findings of the Study

• Dewaxed shellac dominates the type segment due to superior performance
• Wood coatings remain the leading application segment
• Asia-Pacific leads the market driven by construction and furniture demand
• Sustainability and VOC regulations are key growth drivers
• Innovation in natural resin processing is a major market trend

More Info:- https://introspectivemarketresearch.com/reports/paints-coatings-used-shellac-market/

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