Wood Coatings Market By Resin Type, By Technology, By End-Use : Global Opportunity Analysis and Industry Forecast, 2023-2033

List of Tables

The global wood coatings market was valued at $10.6 billion in 2023, and is estimated to reach $17.8 billion by 2033, growing at a CAGR of 5.3% from 2023 to 2033.

Wood coatings are protective layers applied to wooden surfaces, safeguarding them against wear, moisture, and environmental factors. These coatings include varnishes, stains, paints, and sealants, serving to enhance the wood's appearance and durability. Transparent coatings preserve the natural beauty of the wood, revealing its grain and color, while opaque ones offer decorative finishes. They shield against scratches, stains, and UV damage, ensuring longevity for furniture, flooring, and architectural elements. Essential for indoor and outdoor use, wood coatings not only protect but also enhance the aesthetic appeal of wooden surfaces, making them indispensable for both practical and decorative purposes across various applications.

Effective marketing strategies, including digital marketing, product demonstrations, and collaborations with influencers, play a crucial role in driving consumer awareness and brand visibility in the wood coatings market. Manufacturers are leveraging online platforms and social media channels to engage with consumers, showcase product features, and highlight the benefits of using their coatings. Furthermore, renovation and remodeling projects in the residential sector contribute significantly to the demand for wood coatings. Homeowners seeking to refresh the appearance of their interiors or protect outdoor wooden structures often turn to coatings for a cost-effective solution. The increasing trend of home renovation further propels market growth.

However, the wood coatings market is subject to fluctuations in the global economy, which can impact demand for wood products and, consequently, demand for coatings. Economic downturns, geopolitical tensions, and other external factors can disrupt supply chains, increase raw material costs, and affect consumer purchasing power. Moreover, the COVID-19 pandemic highlighted the vulnerability of global supply chains and the importance of resilience and adaptability in the face of unforeseen challenges. Uncertainty in the economic landscape can pose significant challenges for companies in the wood coatings market, requiring them to implement robust risk management strategies.

On the contrary, companies are shifting towards renewable raw materials such as plant-based oils, resins, and additives to reduce dependence on fossil fuels and minimize environmental impact. Furthermore, manufacturers are investing in energy-efficient processes and technologies to reduce energy consumption and greenhouse gas emissions. This includes the adoption of renewable energy sources such as solar and wind power. Additionally, emphasis is being placed on developing coatings that are recyclable and biodegradable, thereby reducing waste generation and environmental pollution. The adoption of circular economy principles, such as closed-loop recycling and product stewardship, is gaining traction in the wood coatings industry. Companies are exploring innovative ways to recover and reuse materials throughout the product lifecycle.

The wood coatings market is segmented on the basis of resin type, technology, end-use, and region. On the basis of resin type, the market is categorized into polyurethane, acrylics, nitrocellulose, unsaturated polyester, and others. By technology, the market is divided into waterborne, conventional solid solvent borne, high solid solvent borne, powder coating, radiation cured, and others. By end-use, the wood coatings market is classified into furniture, joinery, flooring, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The global wood coatings market profiles leading players that include The Sherwin-Williams Company, AKZO NOBEL N.V., PPG Industries Inc., Nippon Paint Holdings Co., Ltd, DowDuPont INC, Eastman Chemical Company, RPM International Inc., Kansai Paint Co., Ltd., BASF SE, and Axalta Coating Systems. The global wood coatings market report provides in-depth competitive analysis as well as profiles of these major players.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the wood coatings market analysis from 2023 to 2033 to identify the prevailing wood coatings market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the wood coatings market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global wood coatings market trends, key players, market segments, application areas, and market growth strategies.

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Manufacturing Capacity
Product Benchmarking / Product specification and applications
Upcoming/New Entrant by Regions
Technology Trend Analysis
Consumer Preference and Product Specifications
Patient/epidemiology data at country, region, global level
Regulatory Guidelines
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Average Selling Price Analysis / Price Point Analysis
Expanded list for Company Profiles
Historic market data
Import Export Analysis/Data
List of customers/consumers/raw material suppliers- value chain analysis
Market share analysis of players at global/region/country level
SWOT Analysis
Volume Market Size and Forecast

Key Market Segments

By Resin Type

Polyurethane
Acrylics
Nitrocellulose
Unsaturated Polyester
Others

By Technology

Waterborne
Conventional Solid Solvent Borne
High Solid Solvent Borne
Powder Coating
Radiation Cured
Others

By End-Use

Furniture
Joinery
Flooring
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA

Key Market Players:

The Sherwin-Williams Company
Akzo Nobel N.V.
PPG Industries Inc
Nippon Paint Holdings Co., Ltd.
Dow Inc.
Eastman Chemical Company
RPM International Inc.
Kansai Paint Co., Ltd.
BASF SE
Axalta Coating Systems

Product Code: A04318

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
3.5. Value Chain Analysis
3.6. Patent Landscape
3.7. Key Regulation Analysis

CHAPTER 4: WOOD COATINGS MARKET, BY RESIN TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Polyurethane
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Acrylics
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Nitrocellulose
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Unsaturated Polyester
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
4.6. Others
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country

CHAPTER 5: WOOD COATINGS MARKET, BY TECHNOLOGY

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Waterborne
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Conventional Solid Solvent Borne
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. High Solid Solvent Borne
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Powder Coating
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
5.6. Radiation Cured
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
5.7. Others
- 5.7.1. Key market trends, growth factors and opportunities
- 5.7.2. Market size and forecast, by region
- 5.7.3. Market share analysis by country

CHAPTER 6: WOOD COATINGS MARKET, BY END-USE

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Furniture
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Joinery
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Flooring
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
6.5. Others
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country

CHAPTER 7: WOOD COATINGS MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Resin Type
- 7.2.3. Market size and forecast, by Technology
- 7.2.4. Market size and forecast, by End-Use
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Market size and forecast, by Resin Type
  - 7.2.5.1.2. Market size and forecast, by Technology
  - 7.2.5.1.3. Market size and forecast, by End-Use
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Market size and forecast, by Resin Type
  - 7.2.5.2.2. Market size and forecast, by Technology
  - 7.2.5.2.3. Market size and forecast, by End-Use
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Market size and forecast, by Resin Type
  - 7.2.5.3.2. Market size and forecast, by Technology
  - 7.2.5.3.3. Market size and forecast, by End-Use
7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Resin Type
- 7.3.3. Market size and forecast, by Technology
- 7.3.4. Market size and forecast, by End-Use
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Market size and forecast, by Resin Type
  - 7.3.5.1.2. Market size and forecast, by Technology
  - 7.3.5.1.3. Market size and forecast, by End-Use
  - 7.3.5.2. UK
  - 7.3.5.2.1. Market size and forecast, by Resin Type
  - 7.3.5.2.2. Market size and forecast, by Technology
  - 7.3.5.2.3. Market size and forecast, by End-Use
  - 7.3.5.3. France
  - 7.3.5.3.1. Market size and forecast, by Resin Type
  - 7.3.5.3.2. Market size and forecast, by Technology
  - 7.3.5.3.3. Market size and forecast, by End-Use
  - 7.3.5.4. Spain
  - 7.3.5.4.1. Market size and forecast, by Resin Type
  - 7.3.5.4.2. Market size and forecast, by Technology
  - 7.3.5.4.3. Market size and forecast, by End-Use
  - 7.3.5.5. Italy
  - 7.3.5.5.1. Market size and forecast, by Resin Type
  - 7.3.5.5.2. Market size and forecast, by Technology
  - 7.3.5.5.3. Market size and forecast, by End-Use
  - 7.3.5.6. Rest of Europe
  - 7.3.5.6.1. Market size and forecast, by Resin Type
  - 7.3.5.6.2. Market size and forecast, by Technology
  - 7.3.5.6.3. Market size and forecast, by End-Use
7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Resin Type
- 7.4.3. Market size and forecast, by Technology
- 7.4.4. Market size and forecast, by End-Use
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Market size and forecast, by Resin Type
  - 7.4.5.1.2. Market size and forecast, by Technology
  - 7.4.5.1.3. Market size and forecast, by End-Use
  - 7.4.5.2. India
  - 7.4.5.2.1. Market size and forecast, by Resin Type
  - 7.4.5.2.2. Market size and forecast, by Technology
  - 7.4.5.2.3. Market size and forecast, by End-Use
  - 7.4.5.3. Japan
  - 7.4.5.3.1. Market size and forecast, by Resin Type
  - 7.4.5.3.2. Market size and forecast, by Technology
  - 7.4.5.3.3. Market size and forecast, by End-Use
  - 7.4.5.4. South Korea
  - 7.4.5.4.1. Market size and forecast, by Resin Type
  - 7.4.5.4.2. Market size and forecast, by Technology
  - 7.4.5.4.3. Market size and forecast, by End-Use
  - 7.4.5.5. Australia
  - 7.4.5.5.1. Market size and forecast, by Resin Type
  - 7.4.5.5.2. Market size and forecast, by Technology
  - 7.4.5.5.3. Market size and forecast, by End-Use
  - 7.4.5.6. Rest of Asia-Pacific
  - 7.4.5.6.1. Market size and forecast, by Resin Type
  - 7.4.5.6.2. Market size and forecast, by Technology
  - 7.4.5.6.3. Market size and forecast, by End-Use
7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Resin Type
- 7.5.3. Market size and forecast, by Technology
- 7.5.4. Market size and forecast, by End-Use
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Brazil
  - 7.5.5.1.1. Market size and forecast, by Resin Type
  - 7.5.5.1.2. Market size and forecast, by Technology
  - 7.5.5.1.3. Market size and forecast, by End-Use
  - 7.5.5.2. Saudi Arabia
  - 7.5.5.2.1. Market size and forecast, by Resin Type
  - 7.5.5.2.2. Market size and forecast, by Technology
  - 7.5.5.2.3. Market size and forecast, by End-Use
  - 7.5.5.3. South Africa
  - 7.5.5.3.1. Market size and forecast, by Resin Type
  - 7.5.5.3.2. Market size and forecast, by Technology
  - 7.5.5.3.3. Market size and forecast, by End-Use
  - 7.5.5.4. Rest of LAMEA
  - 7.5.5.4.1. Market size and forecast, by Resin Type
  - 7.5.5.4.2. Market size and forecast, by Technology
  - 7.5.5.4.3. Market size and forecast, by End-Use

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. The Sherwin-Williams Company
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
9.2. Akzo Nobel N.V.
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
9.3. PPG Industries Inc
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
9.4. Nippon Paint Holdings Co., Ltd.
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
9.5. Dow Inc.
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
9.6. Eastman Chemical Company
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
9.7. RPM International Inc.
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
9.8. Kansai Paint Co., Ltd.
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
9.9. BASF SE
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
9.10. Axalta Coating Systems
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments