Wood Paints & Coatings Market, by Resin Type (Acrylic, Nitrocellulose, Epoxy, Polyester, Polyurethane, and Others), by Product Type (Stains & Varnishes, Shellac, Wood Preservatives, Water Repellants, and Others), by Technology (Water Borne, Solvent Borne,

Wood Paints & Coatings Market, by Resin Type (Acrylic, Nitrocellulose, Epoxy, Polyester, Polyurethane, and Others), by Product Type (Stains & Varnishes, Shellac, Wood Preservatives, Water Repellants, and Others), by Technology (Water Borne, Solvent Borne, and UV Cured), by Application (Furnitures & Fixtures, Doors & Windows, Cabinets, Flooring & Decking, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Wood paints & coatings is applied after the wood surface is stained and prepared. The process of applying coating to a finished wood product is known as wood finishing. Finishing is the last step of the production process and provides desirable characteristics such as moisture and heat resistance, increased durability, and enhanced appearance to the wood surface. Finishing also helps keep the end-product sanitized and easier to maintain.
Market Dynamics
The rise in the construction industry has known to favor the growth of the global wood paints & coatings market in the coming years with the rise in the urbanization and higher standard of living. The rising disposable income and increasing spending capacity has been another factor that has been contributing to the expansion of the construction industry that is further estimated to favor the global wood paints & coatings market growth in the coming years. For instance, according to a report submitted by World Bank, the GDP at Purchasing Power Parity (PPP) in Indonesia was US$ 12,301 in 2019.
Growth of the furniture trade in various countries has been estimated to contribute to the rising demand for the wood paints and coatings. Additionally, higher standard of living, rising disposable income, and increasing spending capacity has been augmenting the target market growth across the globe. For instance, according to the South Africa Reserve Bank, the consumer spending in South Africa increased from US$ 127,669.3 Mn in the third quarter of 2021 to US$ 129,990.7 Mn in the fourth quarter of 2021. With the growth of the trading of furniture industry, the wood paints and coatings market is expected to witness high growth over the forecast period. Apart from this, the rising industrialization has also led to the rising demand for wood paints and coatings across the globe. Other factors such as the rise in tourism and increasing investments in the infrastructure are also expected to contribute to the growth of the global wood paints and coatings market.
Moreover, key players are focusing on various strategies such as mergers and collaborations. For instance, in December 2018, Rust-Oleum, a subsidiary of RPM International, Inc. acquired Siamons International Inc., a provider of non-toxic specialty mold cleaners.
Key features of the study:
This report provides in-depth analysis of global wood paints & coatings market, and provides market size (US$ Million & Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global wood paints & coatings market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include BASF SE, Arkema SA, Ashland Inc., RPM International Inc., Hempel A/S, AkzoNobel N.V., Premium Coatings, Chemicals Pvt. Ltd., Nippon Paint Co. Ltd., and Axalta Coatings Systems.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
The global wood paints & coatings market report caters to various stakeholders in this industry including investors, suppliers, wood paints & coatings manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global wood paints & coatings market
Detailed Segmentation:
Global Wood Paints & Coatings Market, By Resin Type:
Acrylic
Nitrocellulose
Epoxy
Polyester
Polyurethane
Others
Global Wood Paints & Coatings Market, By Product Type:
Stains & Varnishes
Shellac
Wood Preservatives
Water Repellants
Others
Global Wood Paints & Coatings Market, By Technology:
Water Borne
Solvent Borne
UV Cured
Global Wood Paints & Coatings Market, By Application:
Furnitures & Fixtures
Doors & Windows
Cabinets
Flooring & Decking
Others
Global Wood Paints & Coatings Market, By Region:
North America
By Resin Type:
Acrylic
Nitrocellulose
Epoxy
Polyester
Polyeurathane
Others
By Product Type:
Stains & Varnishes
Shellac
Wood Preservatives
Water Repellants
Others
By Technology:
Water Borne
Solvent Borne
UV Cured
By Application:
Furnitures & Fixtures
Doors & Windows
Cabinets
Flooring & Decking
Others
By Country
U.S.
Canada
Europe
By Resin Type:
Acrylic
Nitrocellulose
Epoxy
Polyester
Polyeurathane
Others
By Product Type:
Stains & Varnishes
Shellac
Wood Preservatives
Water Repellants
Others
By Technology:
Water Borne
Solvent Borne
UV Cured
By Application:
Furnitures & Fixtures
Doors & Windows
Cabinets
Flooring & Decking
Others
By Country
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
By Resin Type:
Acrylic
Nitrocellulose
Epoxy
Polyester
Polyeurathane
Others
By Product Type:
Stains & Varnishes
Shellac
Wood Preservatives
Water Repellants
Others
By Technology:
Water Borne
Solvent Borne
UV Cured
By Application:
Furnitures & Fixtures
Doors & Windows
Cabinets
Flooring & Decking
Others
By Country
China
India
Japan
South Korea
ASEAN
Australia
Rest of Asia Pacific
Latin America
By Resin Type:
Acrylic
Nitrocellulose
Epoxy
Polyester
Polyeurathane
Others
By Product Type:
Stains & Varnishes
Shellac
Wood Preservatives
Water Repellants
Others
By Technology:
Water Borne
Solvent Borne
UV Cured
By Application:
Furnitures & Fixtures
Doors & Windows
Cabinets
Flooring & Decking
Others
By Country:
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
By Resin Type:
Acrylic
Nitrocellulose
Epoxy
Polyester
Polyeurathane
Others
By Product Type:
Stains & Varnishes
Shellac
Wood Preservatives
Water Repellants
Others
By Technology:
Water Borne
Solvent Borne
UV Cured
By Application:
Furnitures & Fixtures
Doors & Windows
Cabinets
Flooring & Decking
Others
By Sub-Region
Middle East
Africa
Company Profiles
BASF SE*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Arkema SA
Ashland Inc.
RPM International Inc.
Hempel A/S
AkzoNobel N.V.
Premium Coatings
Chemicals Pvt. Ltd.
Nippon Paint Co. Ltd.
Axalta Coatings Systems
“*” marked represents similar segmentation in other categories in the respective section.