Wood Coating Market by Coating Type (Stains and Varnishes, Shellac Coating, Wood Preservatives, Water Repellents, and Others), Resin Type (Acrylic, Nitrocellulose, Polyester, Polyurethane, and Others), Formulating Technology (Solvent-Borne, Water-Borne, U

Wood Coating Market by Coating Type (Stains and Varnishes, Shellac Coating, Wood Preservatives, Water Repellents, and Others), Resin Type (Acrylic, Nitrocellulose, Polyester, Polyurethane, and Others), Formulating Technology (Solvent-Borne, Water-Borne, UV-Cured, and Others), Application (Furniture, Cabinets, Siding, Flooring, and Others), and Region 2023-2028

The global wood coating market size reached US$ 9.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.89% during 2023-2028.

Wood coating is used to protect, refine, and refurnish structures made using wood. It includes filler, sealer, groove coat, primer, stain, basecoats, ink, and mixtures, such as methyl ethyl ketone, methyl isobutyl ketone, naphtha, and glycol ethers. It helps safeguard wooden doors, fences, boards, frameworks, garden and street furniture, furnishing accessories, and traditional flooring from environmental factors, such as moisture, scratches, and dirt. Wood coating helps in sealing pores that can be breeding grounds for pathogens, such as bacteria, viruses, and fungi. As a result, the demand for wood coating is significantly increasing across residential and commercial sectors.

Wood Coating Market Trends:
Rapid urbanization, inflating income levels, and improving standards of living are driving the demand for wooden furniture for numerous purposes, such as sleeping, dining, seating, decoration, and storage. In addition, the growing global population and rising construction, remodeling, and renovation activities in residential places are creating a positive outlook for the market. Significant growth in the real estate, travel and tourism, and hospitality sectors, along with the increasing number of hotels, restaurants, hospitals, shopping malls, and other commercial spaces, is also catalyzing the demand for wooden furniture and decorative items with premium finishing. This, coupled with the expansion of public and private organizations and the emerging trend of relocating to new locations, hostels, co-living, guest houses, and official premises, is bolstering the market growth. Furthermore, the easy availability of wood crafts and coating products across offline and online shopping platforms is strengthening the market growth. Moreover, leading market players are focusing on introducing water-based and eco-friendly wood coatings, which is expected to drive the market in the coming years.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global wood coating market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on coating type, resin type, formulating technology and application.

Breakup by Coating Type:

Stains and Varnishes
Shellac Coating
Wood Preservatives
Water Repellents
Others

Breakup by Resin Type:

Acrylic
Nitrocellulose
Polyester
Polyurethane
Others

Breakup by Formulating Technology:

Solvent-Borne
Water-Borne
UV-Cured
Others

Breakup by Application:

Furniture
Cabinets
Siding
Flooring
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., Axalta Coating Systems Ltd., BASF SE, Brillux GmbH & Company KG, Diamond Vogel Paint Company, Eastman Chemical Company, IVM S.R.L., Kansai Nerolac Paints Limited (Kansai Paint Co. Ltd.), Nippon Paint (India) Private Limited, PPG Industries Inc., RPM International Inc., Sirca Paints India Limited, Stahl Holdings B.V., Teknos Group Oy and Valspar Corporation (Sherwin-Williams Company). Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:
How has the global wood coating market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global wood coating market?
What are the key regional markets?
What is the breakup of the market based on the coating type?
What is the breakup of the market based on the resin type?
What is the breakup of the market based on the formulating technology?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global wood coating market and who are the key players?
What is the degree of competition in the industry?