Wood Paints And Coatings Market, By Resin Type, By Product Type, By Technology, By Application, By Geography

Description

Wood Paints And Coatings Market is estimated to be valued at USD 10.76 Bn in 2025 and is expected to reach USD 16.18 Bn by 2032, growing at a compound annual growth rate (CAGR) of 6.0% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 10.76 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	6.00%	2032 Value Projection:	USD 16.18 Bn

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 2020 to US$ 129,990.7 Mn in the fourth quarter of 2020. 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 (2025-2032), considering 2024 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
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Company Profiles
- BASF SE
- 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

Product Code: CMI4602

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Segmentation
Resin
Product
Technology
Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Supply Side Drivers
Demand Side Drivers
Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
Cost Tier Down Analysis

4. Global Wood Paints & Coatings Market, By Resin Type, 2020-2032 (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020-2032
- Segment Trends
Acrylic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Nitrocellulose
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Epoxy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Polyester
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Polyurethane
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)

5. Global Wood Paints & Coatings Market, By Product Type, 2020-2032 (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020-2032
- Segment Trends
Stains & Varnishes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Shellac
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Wood Preservatives
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Water Repellants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)

6. Global Wood Paints & Coatings Market, By Technology, 2020-2032 (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020-2032
- Segment Trends
Water Borne
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Solvent Borne
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
UV Cured
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)

7. Global Wood Paints & Coatings Market, By Application, 2020-2032 (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020-2032
- Segment Trends
Furniture & Fixtures
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Doors & Windows
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Cabinets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Flooring & Decking
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)

8. Global Wood Paints & Coatings Market, By Region, 2020-2032 (US$ Billion)

Introduction
- Market Share Analysis, By Region, 2025 and 2032
- Y-o-Y Growth Analysis, By Region, 2020-2032 (%)
North America
- Market Share Analysis, By Country, 2025 and 2032
- Y-o-Y Growth Analysis, By Country, 2020-2032 (%)
  - U.S.
- Country Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
Canada
- Country Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
Europe
- Market Share Analysis, By Country, 2025 and 2032
- Y-o-Y Growth Analysis, By Country, 2020-2032 (%)
  - U.K.
- Country Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
Germany
- Country Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
France
- Country Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
Italy
- Country Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
Spain
- Country Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
Russia
- Country Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
Rest of Europe
- Country Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
Asia Pacific
- Market Share Analysis, By Country, 2025 and 2032
- Y-o-Y Growth Analysis, By Country, 2020-2032 (%)
  - China
- Country Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
India
- Country Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
Japan
- Country Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
ASEAN
- Country Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
Australia
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion)
South Korea
- Country Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion)
Latin America
- Market Share Analysis, By Country, 2025 and 2032
- Y-o-Y Growth Analysis, By Country, 2020-2032 (%)
  - Brazil
- Country Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
Mexico
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion)
Argentina
- Country Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
Rest of Latin America
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion)
Middle East
- Market Share Analysis, By Country, 2025 and 2032
- Y-o-Y Growth Analysis, By Country, 2020-2032 (%)
  - GCC
- Country Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
Israel
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion)
Rest of Middle East
- Country Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
Africa
- Market Share Analysis, By Sub-region, 2025 and 2032
- Y-o-Y Growth Analysis, By Sub-region, 2020-2032 (%)
North Africa
- Sub-region Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
Central Africa
- Sub-region Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)
South Africa
- Sub-region Trends
- Market Size and Forecast, By Region Type, 2020-2032 (US$ Billion)

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- BASF SE
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
- Ashland Inc.
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
- RPM International Inc.
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
- Hempel A/S
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
- AkzoNobel N.V.
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
- Premium Coatings
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
- Chemicals Pvt. Ltd.
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
- Nippon Paint Co. Ltd.
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
- Axalta Coatings Systems
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates

10. Section

References
Research Methodology
About us and Sales Contact