- Polyurethane
- Acrylics
- Nitrocellulose
- Unsaturated Polyester
- Others
Wood Coatings Market size was valued at USD7,934.6 Mn in 2022 and is growing at a significant CAGR of 5.9% from 2023-2029. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global wood coatings. This report considers the influence of COVID-19 on the market and includes insights, analysis, projections, and predictions.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
The global wood coatings market is expected to be valued at US$ 7,934.6 Mn in 2019 and growing at a significant CAGR over the forecast period to reach US$ 12,089.2 Mn by 2026 owing to increase in disposable income of consumers and improvement in standard of living in developing economies such as India and China are the key factors are fueling the demand for modern furniture, which in turn is expected to drive the demand for wood coatings. In addition, as the housing and real estate market is witnessing significant growth which is positively affecting the demand for joinery. Joinery includes cabinets and sidings. These factors are positively impacting the market growth. However, factors such as stringent environmental rules imposed by the government & other regulatory bodies on the use of volatile organic compounds (VOC) in the production of wood coating hamper the growth of the wood coatings market.
The wood coatings market is projected to expand at a CAGR of 6.1% during the forecast period.
Akzo Nobel N.V., DowDuPont, BASF SE, Axalta Coatings Systems, RPM International Inc.
North America is the fastest-growing region for wood coatings market
1.Executive Summary |
2.Global Wood Coatings Market Introduction |
2.1.Global Wood Coatings Market - Taxonomy |
2.2.Global Wood Coatings Market - Definitions |
2.2.1.Resin Type |
2.2.2.Technology |
2.2.3.End User |
2.2.4.Region |
3.Global Wood Coatings Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Wood Coatings Market Analysis, 2018-2022 and Forecast 2023-2029 |
4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Wood Coatings Market By Resin Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
5.1. Polyurethane |
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Acrylics |
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Nitrocellulose |
5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Unsaturated Polyester |
5.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Others |
5.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
6.Global Wood Coatings Market By Technology, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
6.1. Waterborne |
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Conventional Solid Solvent Borne |
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. High Solid Solvent Borne |
6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Powder Coating |
6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Radiation Cured |
6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Others |
6.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
7.Global Wood Coatings Market By End User, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
7.1. Furniture |
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Joinery |
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Flooring |
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Others |
7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
8.Global Wood Coatings Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9.North America Wood Coatings Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
9.1. Resin Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Polyurethane |
9.1.2.Acrylics |
9.1.3.Nitrocellulose |
9.1.4.Unsaturated Polyester |
9.1.5.Others |
9.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Waterborne |
9.2.2.Conventional Solid Solvent Borne |
9.2.3.High Solid Solvent Borne |
9.2.4.Powder Coating |
9.2.5.Radiation Cured |
9.2.6.Others |
9.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Furniture |
9.3.2.Joinery |
9.3.3.Flooring |
9.3.4.Others |
9.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10.Europe Wood Coatings Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
10.1. Resin Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Polyurethane |
10.1.2.Acrylics |
10.1.3.Nitrocellulose |
10.1.4.Unsaturated Polyester |
10.1.5.Others |
10.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Waterborne |
10.2.2.Conventional Solid Solvent Borne |
10.2.3.High Solid Solvent Borne |
10.2.4.Powder Coating |
10.2.5.Radiation Cured |
10.2.6.Others |
10.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Furniture |
10.3.2.Joinery |
10.3.3.Flooring |
10.3.4.Others |
10.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
10.4.6.Rest of EU |
11.Asia Pacific (APAC) Wood Coatings Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
11.1. Resin Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Polyurethane |
11.1.2.Acrylics |
11.1.3.Nitrocellulose |
11.1.4.Unsaturated Polyester |
11.1.5.Others |
11.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Waterborne |
11.2.2.Conventional Solid Solvent Borne |
11.2.3.High Solid Solvent Borne |
11.2.4.Powder Coating |
11.2.5.Radiation Cured |
11.2.6.Others |
11.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Furniture |
11.3.2.Joinery |
11.3.3.Flooring |
11.3.4.Others |
11.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12.Middle East and Africa (MEA) Wood Coatings Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
12.1. Resin Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Polyurethane |
12.1.2.Acrylics |
12.1.3.Nitrocellulose |
12.1.4.Unsaturated Polyester |
12.1.5.Others |
12.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Waterborne |
12.2.2.Conventional Solid Solvent Borne |
12.2.3.High Solid Solvent Borne |
12.2.4.Powder Coating |
12.2.5.Radiation Cured |
12.2.6.Others |
12.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Furniture |
12.3.2.Joinery |
12.3.3.Flooring |
12.3.4.Others |
12.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13.Latin America Wood Coatings Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
13.1. Resin Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Polyurethane |
13.1.2.Acrylics |
13.1.3.Nitrocellulose |
13.1.4.Unsaturated Polyester |
13.1.5.Others |
13.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Waterborne |
13.2.2.Conventional Solid Solvent Borne |
13.2.3.High Solid Solvent Borne |
13.2.4.Powder Coating |
13.2.5.Radiation Cured |
13.2.6.Others |
13.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Furniture |
13.3.2.Joinery |
13.3.3.Flooring |
13.3.4.Others |
13.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.Akzo Nobel N.V. |
14.2.2.DowDuPont |
14.2.3.BASF SE |
14.2.4.Axalta Coatings Systems |
14.2.5.Nippon Paints Holdings Co. Ltd. |
14.2.6.RPM International Inc. |
14.2.7.Sherwin Williams Company |
14.2.8.Kansai Paint Co., Ltd. |
14.2.9.PPG Industries Inc. |
14.2.10.Eastman Chemical Company |
14.2.11.Arkema SA |
14.2.12.Ashland Inc. |
14.2.13.Hempel A/S |
15. Research Methodology |
16. Appendix and Abbreviations |