Wood Coatings Market Size, Share & Trends Analysis Report By Resin Type (Polyurethane, Acrylic, Nitrocellulose, Unsaturated Polyester), By Technology, By Application, By Region, And Segment Forecasts, 2023

The global wood coatings market size is anticipated to reach USD 15.96 billion by 2030, registering a CAGR of 4.9% from 2023 to 2030, according to a new report by Grand View Research, Inc.. The primary factor driving market growth is the increasing demand for wooden furniture in households globally.

The rising consumer disposable income and improving standards of living are driving the demand for various wooden furniture items, such as sofas, beds, chairs, cabinets, and shelves. This, in turn, is expected to boost the demand for wood coatings. According to Invest India (National Investment Promotion & Facilitation Agency), the domestic furniture market is growing at a CAGR of around 12%. It was valued at USD 32 billion in 2022, accounting for a 5% share in the global furniture market.

Wood coatings are essential products in te furniture and cabinetry industry. They enhance the aesthetic appeal of wooden surfaces. Wood coatings are available in various colors and finishes, allowing consumers to customize the appearance of their wood products to match their preferences and interior design trends. Wood coatings protect the wood and improve durability.

Mergers, acquisitions, and new product launches are the major strategies undertaken by the major players to strengthen their market presence. For instance, in May 2019, Axalta revealed an exciting collaboration with Palmetto Paint Specialties, a prominent distributor within the industrial coatings market in the Carolinas region. Under this partnership, Palmetto Paint will maintain a comprehensive inventory of products spanning various technologies, encompassing catalyzed coatings, lacquers, radiation curable, glazes, stains, and dyes designed for the industrial wood market

Wood Coatings Market Report Highlights:

Based on resin type, the polyurethane segment dominated the market and accounted for a revenue share of 41.0% in 2022. Polyurethane coatings are known for their exceptional durability; they have good chemical resistance and provide excellent UV protection to wood. In addition, they are easy to apply and have fast drying times
Based on technology, the solvent-borne segment accounted for the largest market share in 2022. Solvent-borne technology offers fast drying conditions, good adhesive properties, and enhanced durability. Solvent-based coatings provide superior performance in terms of wear and tear. In addition, solvent-borne coatings can be formulated to work on various wood substrates, including softwoods and hardwoods, without significantly altering the color or grain of the wood
Based on application, the furniture segment is expected to grow at the fastest CAGR of 5.2% over the forecast period 2023-2030. This can be attributed to the wider applications of wood coatings in the furniture industry. Furniture is the largest segment in the wood products industry. Thus, the demand for coatings is high in the furniture segment

Product Code: GVR-4-68040-141-4

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation

Chapter 2. Executive Summary

2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot

Chapter 3. Wood Coatings Market Variables, Trends & Scope

3.1. Market Lineage Outlook
3.2. Value Chain Analysis
3.3. Regulatory Framework
3.4. Price Trend Analysis, 2018 - 2030
- 3.4.1. Factors Influencing Prices
3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
- 3.5.3. Industry opportunities & challenges
3.6. Wood Coatings Market Analysis Tools
- 3.6.1. Industry analysis - Porter's
  - 3.6.1.1. Supplier power
  - 3.6.1.2. Buyer power
  - 3.6.1.3. Substitution threat
  - 3.6.1.4. Threat of new entrant
  - 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL analysis
  - 3.6.2.1. Political landscape
  - 3.6.2.2. Technological landscape
  - 3.6.2.3. Economic landscape
  - 3.6.2.4. Social landscape
  - 3.6.2.5. Environmental landscape
  - 3.6.2.6. Legal landscape

Chapter 4. Supplier Portfolio Analysis

4.1. List of Raw Material Suppliers
4.2. Kraljic Matrix
4.3. Engagement Model
4.4. Negotiation Strategies

Chapter 5. Wood Coatings: Resin Type Estimates & Trend Analysis

5.1. Wood Coatings Market: Movement & Market Share Analysis, 2022 & 2030
5.2. Polyurethane
- 5.2.1. Polyurethane market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
5.3. Acrylic
- 5.3.1. Acrylic market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
5.4. Nitrocellulose
- 5.4.1. Nitrocellulose market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
5.5. Unsaturated Polyester
- 5.5.1. Unsaturated polyester market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
5.6. Others
- 5.6.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)

Chapter 6. Wood Coatings: Technology Estimates & Trend Analysis

6.1. Wood Coatings Market: Movement & Market Share Analysis, 2022 & 2030
6.2. Waterborne
- 6.2.1. Waterborne market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
6.3. Solvent-borne
- 6.3.1. Solvent-borne market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
6.4. Powder Coating
- 6.4.1. Powder coating market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
6.5. Radiation Cured
- 6.5.1. Radiation cured market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
6.6. Others
- 6.6.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)

Chapter 7. Wood Coatings: Application Estimates & Trend Analysis

7.1. Wood Coatings Market: Movement & Market Share Analysis, 2022 & 2030
7.2. Furniture
- 7.2.1. Furniture market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
7.3. Joinery
- 7.3.1. Joinery market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
7.4. Flooring & Decking
- 7.4.1. Flooring & decking market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
7.5. Siding
- 7.5.1. Siding market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
7.6. Others
- 7.6.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)

Chapter 8. Wood Coatings Market: Regional Estimates & Trend Analysis

8.1. Wood Coatings Market: Movement & Market Share Analysis, 2022 & 2030
8.2. North America
- 8.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 8.2.2. U.S.
  - 8.2.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 8.2.3. Canada
  - 8.2.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 8.2.4. Mexico
  - 8.2.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.3. Europe
- 8.3.1. UK
  - 8.3.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 8.3.2. Germany
  - 8.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 8.3.3. France
  - 8.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 8.3.4. Italy
  - 8.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 8.3.5. Spain
  - 8.3.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 8.3.6. Netherlands
  - 8.3.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 8.3.7. Turkey
  - 8.3.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.4. Asia Pacific
- 8.4.1. Japan
  - 8.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 8.4.2. China
  - 8.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 8.4.3. India
  - 8.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 8.4.4. Australia
  - 8.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 8.4.5. Thailand
  - 8.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 8.4.6. South Korea
  - 8.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 8.4.7. Malaysia
  - 8.4.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 8.4.8. Indonesia
  - 8.4.8.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.5. Central & South America
- 8.5.1. Brazil
  - 8.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 8.5.2. Argentina
  - 8.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
8.6. MEA
- 8.6.1. Saudi Arabia
  - 8.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 8.6.2. South Africa
  - 8.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 8.6.3. UAE
  - 8.6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)

Chapter 9. Competitive Landscape

9.1. Recent Developments & Impact Analysis, By Key Market Participants
9.2. Market Participant Categorization
9.3. Company Heat Map Analysis
9.4. Strategy Mapping
9.5. Company Listing (Business Overview, Financial Performance, Product Benchmarking)
- 9.5.1. The Sherwin-Williams Company
- 9.5.2. PPG Industries, Inc.
- 9.5.3. Akzo Nobel N.V.
- 9.5.4. Nippon Paint Holdings Co., Ltd.
- 9.5.5. RPM International Inc.
- 9.5.6. Diamond Paints
- 9.5.7. BASF SE
- 9.5.8. Axalta Coating Systems, LLC
- 9.5.9. KANSAI HELIOS
- 9.5.10. Asian Paints
- 9.5.11. Eastman Chemical Company

Product Code: GVR-4-68040-141-4

List of Tables

Table 1 List of Raw Material Suppliers
Table 2 U.S. macro-economic outlay
Table 3 Canada macro-economic outlay
Table 4 Mexico macro-economic outlay
Table 5 Germany macro-economic outlay
Table 6 UK macro-economic outlay
Table 7 France macro-economic outlay
Table 8 Italy macro-economic outlay
Table 9 Spain macro-economic outlay
Table 10 Netherlands macro-economic outlay
Table 11 Turkey macro-economic outlay
Table 12 China macro-economic outlay
Table 13 India macro-economic outlay
Table 14 Japan macro-economic outlay
Table 15 South Korea macro-economic outlay
Table 16 Thailand macro-economic outlay
Table 17 Malaysia macro-economic outlay
Table 18 Indonesia macro-economic outlay
Table 19 Brazil macro-economic outlay
Table 20 Argentina macro-economic outlay
Table 21 UAE macro-economic outlay
Table 22 Saudi Arabia macro-economic outlay
Table 23 South Africa macro-economic outlay
Table 24 Market Participant's Overview
Table 25 Financial Performance
Table 26 Product Benchmarking
Table 27 Company Heat Map Analysis

List of Figures

Fig. 1 Wood Coatings Market Segmentation & Scope
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 Global Wood Coatings Market Snapshot
Fig. 7 Global Wood Coatings Market: Segment Snapshot
Fig. 8 Global Wood Coatings Market: Competitive Landscape Snapshot
Fig. 9 Wood coatings market: Industry Value Chain Analysis
Fig. 10 Wood coatings market restraint impact
Fig. 11 Wood coatings market Price trend analysis
Fig. 12 Global Wood Coatings Market: Kraljic Matrix
Fig. 13 Wood Coatings Market: PORTER's Analysis
Fig. 14 Wood Coatings Market: PESTLE Analysis
Fig. 15 Wood coatings market: key takeaways
Fig. 16 Polyurethane market estimates and forecasts, 2018 - 2030
Fig. 17 Acrylic market estimates and forecasts, 2018 - 2030
Fig. 18 Nitrocellulose market estimates and forecasts, 2018 - 2030
Fig. 19 Unsaturated polyester market estimates and forecasts, 2018 - 2030
Fig. 20 Others market estimates and forecasts, 2018 - 2030
Fig. 21 Wood coatings market: key takeaways
Fig. 22 Waterborne market estimates and forecasts, 2018 - 2030
Fig. 23 Solvent-borne market estimates and forecasts, 2018 - 2030
Fig. 24 Powder coating market estimates and forecasts, 2018 - 2030
Fig. 25 Radiation cured market estimates and forecasts, 2018 - 2030
Fig. 26 Others market estimates and forecasts, 2018 - 2030
Fig. 27 Wood coatings market: and key takeaways
Fig. 28 Furniture market estimates and forecasts, 2018 - 2030
Fig. 29 Joinery market estimates and forecasts, 2018 - 2030
Fig. 30 Flooring & decking market estimates and forecasts, 2018 - 2030
Fig. 31 Siding market estimates and forecasts, 2018 - 2030
Fig. 32 Others market estimates and forecasts, 2018 - 2030
Fig. 33 Global wood coatings market: Regional outlook and key takeaways
Fig. 34 North America market estimates and forecasts, 2018 - 2030
Fig. 35 U.S. market estimates and forecasts, 2018 - 2030
Fig. 36 Canada market estimates and forecasts, 2018 - 2030
Fig. 37 Mexico market estimates and forecasts, 2018 - 2030
Fig. 38 Europe market estimates and forecasts, 2018 - 2030
Fig. 39 UK market estimates and forecasts, 2018 - 2030
Fig. 40 Germany market estimates and forecasts, 2018 - 2030
Fig. 41 France market estimates and forecasts, 2018 - 2030
Fig. 42 Italy market estimates and forecasts, 2018 - 2030
Fig. 43 Spain market estimates and forecasts, 2018 - 2030
Fig. 44 Netherlands market estimates and forecasts, 2018 - 2030
Fig. 45 Turkey market estimates and forecasts, 2018 - 2030
Fig. 46 Asia Pacific market estimates and forecasts, 2018 - 2030
Fig. 47 Japan market estimates and forecasts, 2018 - 2030
Fig. 48 China market estimates and forecasts, 2018 - 2030
Fig. 49 India market estimates and forecasts, 2018 - 2030
Fig. 50 Australia market estimates and forecasts, 2018 - 2030
Fig. 51 Thailand market estimates and forecasts, 2018 - 2030
Fig. 52 South Korea market estimates and forecasts, 2018 - 2030
Fig. 53 Indonesia market estimates and forecasts, 2018 - 2030
Fig. 54 Malaysia market estimates and forecasts, 2018 - 2030
Fig. 55 Central & South America market estimates and forecasts, 2018 - 2030
Fig. 56 Brazil market estimates and forecasts, 2018 - 2030
Fig. 57 Argentina market estimates and forecasts, 2018 - 2030
Fig. 58 Middle East and Africa market estimates and forecasts, 2018 - 2030
Fig. 59 Saudi Arabia market estimates and forecasts, 2018 - 2030
Fig. 60 South Africa market estimates and forecasts, 2018 - 2030
Fig. 61 UAE market estimates and forecasts, 2018 - 2030

Wood Coatings Market Size, Share & Trends Analysis Report By Resin Type (Polyurethane, Acrylic, Nitrocellulose, Unsaturated Polyester), By Technology, By Application, By Region, And Segment Forecasts, 2023 - 2030

Description

Table of Contents

List of Tables

Wood Coatings Market Growth & Trends:

Wood Coatings Market Report Highlights:

Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Wood Coatings Market Variables, Trends & Scope

Chapter 4. Supplier Portfolio Analysis

Chapter 5. Wood Coatings: Resin Type Estimates & Trend Analysis

Chapter 6. Wood Coatings: Technology Estimates & Trend Analysis

Chapter 7. Wood Coatings: Application Estimates & Trend Analysis

Chapter 8. Wood Coatings Market: Regional Estimates & Trend Analysis

Chapter 9. Competitive Landscape

List of Tables

List of Figures