Wood Coatings Market, By Resin Type (Polyurethane, Acrylic, Nitrocellulose, Unsaturated Polyester, and Others), By Technology (Waterborne, Solvent-borne, Powder Coating, Radiation Cured, and Others), By Application (Furniture, Joinery, Flooring & Decking,
Wood Coatings Market, By Resin Type (Polyurethane, Acrylic, Nitrocellulose, Unsaturated Polyester, and Others), By Technology (Waterborne, Solvent-borne, Powder Coating, Radiation Cured, and Others), By Application (Furniture, Joinery, Flooring & Decking, Siding, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
The global wood coatings market is projected to grow steadily over the next decade driven by the increasing usage of wood across the furniture, architectural, and other industrial applications. Wood has traditionally been one of the most commonly used construction and decorative materials owing to its versatility and sustainability credentials. However, raw wood is prone to damage from moisture, insects, UV exposure, and scratches over time which is where coatings play a crucial protective role. Wood coatings form a protective layer on timber surfaces to enhance durability, appearance, and performance. They are formulated to withstand various climatic conditions and high contact usage. Rising wood demand from the construction sector and growing preference for enriched aesthetics and functionality of wooden surfaces are expected to propel the need for wood coatings globally.
Market Dynamics:
The global wood coatings market is projected to witness moderate growth over the forecast period. Several factors are expected to influence the market dynamics during this period. The primary drivers include growing construction activities worldwide, particularly in developing nations which is raising the demand for wood as a primary construction material. This is generating a substantial uptake of wood coatings to protect wooden surfaces from moisture, UV radiation, corrosion, and extend their lifespan. In addition, changing lifestyle and rising spending on home decor and furnishings in countries is bolstering the sales of coated wood furniture and other household products. Furthermore, stringent environmental regulations regarding the use of volatile organic compounds (VOCs) are catalyzing focus onto bio-based and low VOC coating systems, posing opportunities for eco-friendly product innovation. However, fluctuating raw material prices owing to supply chain disruptions and high costs associated may restrain market expansion to some extent over the next few years.
Key Features of the Study:
This report provides an in-depth analysis of the global wood coatings market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global wood coatings market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include The Sherwin-Williams Company, PPG Industries, Inc., Akzo Nobel N.V., Nippon Paint Holdings Co., Ltd., RPM International Inc., Diamond Paints, BASF SE, Axalta Coating Systems, LLC, KANSAI HELIOS, Asian Paints, Eastman Chemical Company, Angel Coating Pvt. Ltd., Sansui Paints, Teknos Group , MAS Paints , KAPCI Coating , Benjamin Moore & Co , Grand Polycoats, and Taralac
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global wood coatings market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global wood coatings market
Detailed Segmentation-
By Resin Type:
Polyurethane
Acrylic
Nitrocellulose
Unsaturated Polyester
Others
By Technology:
Waterborne
Solvent-borne
Powder Coating
Radiation Cured
Others
By Application:
Furniture
Joinery
Flooring & Decking
Siding
Others
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
The Sherwin-Williams Company
PPG Industries, Inc.
Akzo Nobel N.V.
Nippon Paint Holdings Co., Ltd.
RPM International Inc.
Diamond Paints
BASF SE
Axalta Coating Systems, LLC
KANSAI HELIOS
Asian Paints
Eastman Chemical Company
Angel Coating Pvt. Ltd.
Sansui Paints
Teknos Group
MAS Paints
KAPCI Coating
Benjamin Moore & Co
Grand Polycoats
Taralac
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Resin Type
Market Snippet, By Technology
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER’s Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions
4. Global Wood Coatings Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting the Global Wood Coatings Market
Impact Analysis
5. Global Wood Coatings Market, By Resin Type, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Polyurethane
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Acrylic
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Nitrocellulose
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Unsaturated Polyester
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
6. Global Wood Coatings Market, By Technology, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Waterborne
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Solvent-borne
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Powder Coating
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Radiation Cured
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
7. Global Wood Coatings Market, By Application, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Furniture
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Joinery
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Flooring & Decking
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Siding
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
8. Global Wood Coatings Market, By Region, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2019-2031
North America
Introduction
Market Size and Forecast, By Resin Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Technology, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Application, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Resin Type, 2019 – 2031, (US$ Bn))
Market Size and Forecast, By Technology, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Application, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Resin Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Technology, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Application, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Resin Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Technology, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Application, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
Introduction
Market Size and Forecast, By Resin Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Technology, 2019 - 2031 (US$ Bn)
Market Size and Forecast, By Application, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
GCC Countries
Israel
Rest of Middle East & Africa
9. Competitive Landscape
Market Share Analysis
Company Profiles
The Sherwin-Williams Company
Company Overview
Product Portfolio
Recent Developments/Updates
PPG Industries, Inc.
Company Overview
Product Portfolio
Recent Developments/Updates
Akzo Nobel N.V.
Company Overview
Product Portfolio
Recent Developments/Updates
Nippon Paint Holdings Co., Ltd.
Company Overview
Product Portfolio
Recent Developments/Updates
RPM International Inc.
Company Overview
Product Portfolio
Recent Developments/Updates
Diamond Paints
Company Overview
Product Portfolio
Recent Developments/Updates
BASF SE
Company Overview
Product Portfolio
Recent Developments/Updates
Axalta Coating Systems, LLC
Company Overview
Product Portfolio
Recent Developments/Updates
KANSAI HELIOS
Company Overview
Product Portfolio
Recent Developments/Updates
Asian Paints
Company Overview
Product Portfolio
Recent Developments/Updates
Eastman Chemical Company
Company Overview
Product Portfolio
Recent Developments/Updates
Angel Coating Pvt. Ltd.
Company Overview
Product Portfolio
Recent Developments/Updates
Sansui Paints
Company Overview
Product Portfolio
Recent Developments/Updates
Teknos Group
Company Overview
Product Portfolio
Recent Developments/Updates
MAS Paints
Company Overview
Product Portfolio
Recent Developments/Updates
KAPCI Coating
Company Overview
Product Portfolio
Recent Developments/Updates
Benjamin Moore & Co
Company Overview
Product Portfolio
Recent Developments/Updates
Grand Polycoats
Company Overview
Product Portfolio
Recent Developments/Updates
Taralac
Company Overview
Product Portfolio
Recent Developments/Updates
10. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
11. Section
References
Research Methodology
About Us and Sales Contact
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