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PUBLISHER: Grand View Research | PRODUCT CODE: 1751317
PUBLISHER: Grand View Research | PRODUCT CODE: 1751317
Wood Coatings Market Size, Share & Trends Analysis Report By Resin Type, By Technology, By Application, By Region, And Segment Forecasts, 2025 - 2030
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PAGES: 80 Pages
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Wood Coatings Market Growth & Trends:
The global wood coatings market size is expected to reach USD 15.96 billion by 2030, registering a CAGR of 5.3% from 2025 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 the 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:
- Polyurethane emerged as the leading resin type segment and accounted for the maximum revenue share of over 40.7% of the overall revenue in 2024. The nitrocellulose segment is expected to grow at a CAGR of 5.5% over the forecast period.
- Furniture emerged as the leading Application segment and accounted for the maximum revenue share of over 58.5% in 2024. The flooring and decking segment is expected to grow at a CAGR of 4.5% over the forecast period.
- Solvent-borne emerged as the leading technology segment and accounted for the maximum revenue share in 2024. The waterborne segment is expected to grow at the fastest CAGR of 5.5% over the forecast period.
- Asia Pacific wood coatings market dominated the global market and accounted for a revenue share of 46.7% in 2024.
Product Code: GVR-4-68040-141-4
Table of Contents
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
- 3.6.1. Industry analysis - Porter's
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, 2024 & 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, 2024 & 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, 2024 & 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, 2024 & 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)
- 8.3.1. UK
- 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)
- 8.4.1. Japan
- 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)
- 8.5.1. Brazil
- 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)
- 8.6.1. Saudi Arabia
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
- 9.5.1.1. Company Overview
- 9.5.1.2. Financial Performance
- 9.5.1.3. Material Type Benchmarking
- 9.5.1.4. Strategic Initiatives
- 9.5.2. PPG Industries, Inc.
- 9.5.2.1. Company Overview
- 9.5.2.2. Financial Performance
- 9.5.2.3. Material Type Benchmarking
- 9.5.2.4. Strategic Initiatives
- 9.5.3. Akzo Nobel N.V.
- 9.5.3.1. Company Overview
- 9.5.3.2. Financial Performance
- 9.5.3.3. Material Type Benchmarking
- 9.5.3.4. Strategic Initiatives
- 9.5.4. Nippon Paint Holdings Co., Ltd.
- 9.5.4.1. Company Overview
- 9.5.4.2. Financial Performance
- 9.5.4.3. Material Type Benchmarking
- 9.5.4.4. Strategic Initiatives
- 9.5.5. RPM International Inc.
- 9.5.5.1. Company Overview
- 9.5.5.2. Financial Performance
- 9.5.5.3. Material Type Benchmarking
- 9.5.5.4. Strategic Initiatives
- 9.5.6. Diamond Paints
- 9.5.6.1. Company Overview
- 9.5.6.2. Financial Performance
- 9.5.6.3. Material Type Benchmarking
- 9.5.6.4. Strategic Initiatives
- 9.5.7. BASF SE
- 9.5.7.1. Company Overview
- 9.5.7.2. Financial Performance
- 9.5.7.3. Material Type Benchmarking
- 9.5.7.4. Strategic Initiatives
- 9.5.8. Axalta Coating Systems, LLC
- 9.5.8.1. Company Overview
- 9.5.8.2. Financial Performance
- 9.5.8.3. Material Type Benchmarking
- 9.5.8.4. Strategic Initiatives
- 9.5.9. KANSAI HELIOS
- 9.5.9.1. Company Overview
- 9.5.9.2. Financial Performance
- 9.5.9.3. Material Type Benchmarking
- 9.5.9.4. Strategic Initiatives
- 9.5.10. Asian Paints
- 9.5.10.1. Company Overview
- 9.5.10.2. Financial Performance
- 9.5.10.3. Material Type Benchmarking
- 9.5.10.4. Strategic Initiatives
- 9.5.11. Eastman Chemical Company
- 9.5.11.1. Company Overview
- 9.5.11.2. Financial Performance
- 9.5.11.3. Material Type Benchmarking
- 9.5.11.4. Strategic Initiatives
- 9.5.1. The Sherwin-Williams 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 Information Procurement
- Fig. 2 Primary Research Pattern
- Fig. 3 Primary Research Process
- Fig. 4 Market Research Approaches - Bottom-Up Approach
- Fig. 5 Market Research Approaches - Top-Down Approach
- Fig. 6 Market Research Approaches - Combined Approach
- Fig. 7 Market Snapshot
- Fig. 8 Segmental Outlook
- Fig. 9 Competitive Outlook
- Fig. 10 Calcium Bromide Market - Value Chain Analysis
- Fig. 11 Calcium Bromide Market - Sales Channel Analysis
- Fig. 12 Market Drivers Impact Analysis
- Fig. 13 Market Restraint Impact Analysis
- Fig. 14 Industry Analysis - PORTERS
- Fig. 15 Industry Analysis - PESTEL by SWOT
- Fig. 16 Resins Type: Key Takeaways
- Fig. 17 Resins Type: Market Share, 2024 & 2030
- Fig. 18 Technology: Key Takeaways
- Fig. 19 Technology: Market Share, 2024 & 2030
- Fig. 20 Application: Key Takeaways
- Fig. 21 Application: Market Share, 2024 & 2030
- Fig. 22 Region, 2024 & 2030, (USD Million) (Kilotons)
- Fig. 23 Regional Marketplace: Key Takeaways
- Fig. 24 Competition Categorization
- Fig. 25 Company Market Positioning
- Fig. 26 Strategy Mapping, 2024
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