Global Wood Coatings Market is projected to grow at a robust rate with an impressive CAGR. The flourishing housing and real-estate sector is primarily driving the growth of the market. Wood coating is widely utilized in the protection and refinement of wood and structures made of wood. This helps in increasing the product lifespan and enhances the visual cues of wooden objects.
The Important Elements of Wood Coatings Market
The market is further catalyzed by the inflating disposable income of consumers and elevated levels of living in developing nations such as China and India, which is fuelling the demand for modern household furniture. Apart from this, rapid advancement in wood coating technology and growing inclination towards the use of radiation cure coatings are providing lucrative growth opportunities to the global market.
In addition, the proliferating need for eco-friendly and the growing usage of more sustainable alternatives such as lower VOC carbon coatings and recycled raw materials is providing a positive outlook to the market.
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The global wood coatings market is segmented on the basis of resin type, product type, technology, application, competitive landscape, and regional distribution. Based on the resin type the market is bifurcated into acrylic, polyurethane, melamine-formaldehyde, nitrocellulose, and others. Among these, the polyurethane segment is expected to hold a prominent market share in the coming years. This is primarily because polyurethane leaves a specific finish on the wooden surface that cannot be overtaken in terms of chemical tolerance, mechanical resistance, and surface hardness. Moreover, the use of polyurethane ensures better resistance, therefore it is a widely used wood treatment. By product type, the market is segmented into stains & varnishes, lacquers, shellacs, and others. Based on the technology the market is fragmented into water-based, oil-based, solvent-based, and others. By application, the mare is differentiated among furniture, side & decks, cabinets, and others. The market analysis also studies the regional segmentation, divided among North America, Europe & CIS, Asia Pacific, Middle East and Africa, and South America.
Some of the leading players in the Global Wood Coatings Market are Akzonobel N.V., BASF SE, The Sherwin-Williams Company, RPM International Inc., The Valspar Corporation, Ashland Inc., Arkema SA, Nippon Paint Co. Ltd., The Dow Chemical Company, Hempel A/S, etc.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Resin type
· Product Type · Technology · Application |
| Regional scope | North America; Europe &CIS; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; UAE; Saudi Arabia; South Africa; Kuwait |
| Key companies profiled | Akzonobel N.V., BASF SE, The Sherwin-Williams Company, RPM International Inc., The Valspar Corporation, Ashland Inc., Arkema SA, Nippon Paint Co. Ltd., The Dow Chemical Company, Hempel A/S |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, Global Wood Coatings Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Global Wood Coatings Market, By Resin Type:
- Acrylic
- Polyurethane
- Melamine-formaldehyde
- Nitrocellulose
- Others
- Global Wood Coatings Market, By Product Type:
- Stains & Varnishes
- Lacquers
- Shellacs
- Others
- Global Wood Coatings Market, By Technology:
- Water-Based
- Oil-Based
- Solvent-based
- Others
- Global Wood Coatings Market, By Application:
- Furniture
- Side & Decks
- Cabinets
- Others
- Global Wood Coatings Market, By Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe & CIS
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
- Asia Pacific
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Wood Coatings Market.
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Table of Content
Product Overview
- Research Methodology
- Impact of COVID-19 on Global Wood Coating Market
- Executive Summary
- Voice of Customer
5.1. Product Awareness
5.2. Brand Awareness
5.3. Factors Influencing the Purchase Decision
5.4. Product Pricing
5.5. Challenges & Unmet Needs
- Global Wood Coatings Market Overview
- Global Wood Coatings Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Resin Type (Acrylic, Polyurethane, Melamine-formaldehyde, Nitrocellulose and Others)
7.2.2. By Product Type (Stains & Varnishes, Lacquers, Shellacs and Others)
7.2.3. By Technology (Water-Based, Oil-Based, Solvent-based and Others)
7.2.4. By Application (Furniture, Side & Decks, Cabinets and Others)
7.2.5. By Region
7.2.6. By Company (2021)
7.3. Market Attractiveness Index
- Asia-Pacific Wood Coatings Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Resin Type
8.2.2. By Technology
8.2.3. By Application
8.2.4. By Country
8.3. Market Attractiveness Index
8.4. Asia-Pacific: Country Analysis
8.4.1. China Wood Coatings Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value & Volume
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Resin Type
8.4.1.2.2. By Application
8.4.1.3. Market Attractiveness Index
8.4.2. India Wood Coatings Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value & Volume
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Resin Type
8.4.2.2.2. By Application
8.4.2.3. Market Attractiveness Index
8.4.3. Japan Wood Coatings Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value & Volume
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Resin Type
8.4.3.2.2. By Application
8.4.3.3. Market Attractiveness Index
8.4.4. South Korea Wood Coatings Market Outlook
8.4.4.1. Market Size & Forecast
8.4.4.1.1. By Value & Volume
8.4.4.2. Market Share & Forecast
8.4.4.2.1. By Resin Type
8.4.4.2.2. By Application
8.4.4.3. Market Attractiveness Index
8.4.5. Australia Wood Coatings Market Outlook
8.4.5.1. Market Size & Forecast
8.4.5.1.1. By Value & Volume
8.4.5.2. Market Share & Forecast
8.4.5.2.1. By Resin Type
8.4.5.2.2. By Application
8.4.5.3. Market Attractiveness Index
8.4.6. Singapore Wood Coatings Market Outlook
8.4.6.1. Market Size & Forecast
8.4.6.1.1. By Value & Volume
8.4.6.2. Market Share & Forecast
8.4.6.2.1. By Resin Type
8.4.6.2.2. By Application
8.4.6.3. Market Attractiveness Index
8.4.7. Malaysia Wood Coatings Market Outlook
8.4.7.1. Market Size & Forecast
8.4.7.1.1. By Value & Volume
8.4.7.2. Market Share & Forecast
8.4.7.2.1. By Resin Type
8.4.7.2.2. By Application
8.4.7.3. Market Attractiveness Index