Global Wood Coatings Market Size Study, by Resin Type, Technology, Application, and Regional Forecasts 2022-2032

Description

The global wood coatings market, valued at approximately USD 11.43 billion in 2023, is poised for significant growth with a projected compound annual growth rate (CAGR) of 4.90% during the forecast period 2024-2032. Wood coatings, indispensable in preserving and enhancing the aesthetics of wooden products, are extensively used across furniture, flooring, and siding applications. They offer protection against environmental factors such as UV radiation, moisture, and wear, thereby ensuring longevity and visual appeal.

The market's growth is propelled by the burgeoning construction industry and rising demand for high-quality wood finishes in residential and commercial spaces. Polyurethane and acrylic resins dominate the market due to their superior durability and aesthetic properties. Additionally, technological advancements, such as the development of eco-friendly waterborne and radiation-cured coatings, have significantly enhanced the industry's sustainability profile. However, the volatility of raw material prices and stringent environmental regulations may pose challenges to market expansion.

Regionally, North America and Europe remain dominant due to robust construction activities and a strong preference for advanced wood finishing products. Meanwhile, the Asia-Pacific region is anticipated to experience the fastest growth, driven by rapid urbanization, expanding furniture manufacturing hubs, and increasing investments in infrastructure development in countries like China and India.

Major market players included in this report are:

Sherwin-Williams Company
Akzo Nobel N.V.
PPG Industries, Inc.
RPM International Inc.
Axalta Coating Systems
BASF SE
Nippon Paint Holdings Co., Ltd.
Asian Paints
Kansai Paint Co., Ltd.
Tikkurila OYJ
Renner Sayerlack S.A.
Teknos Group
ICA Group
Hempel A/S
Jotun Group

The detailed segments and sub-segment of the market are explained below:

By Resin Type:

Polyurethane
Acrylic
Nitrocellulose
Unsaturated Polyester

By Technology:

Waterborne
Solvent-Borne
Powder Coating
Radiation Cured

By Application:

Furniture
Joinery
Flooring & Decking
Siding

By Region:

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

Key Takeaways:

Comprehensive market estimates and forecasts spanning a 10-year period (2022-2032).
Regional revenue analysis and insights at the segment level.
Detailed evaluation of geographical trends with country-specific insights.
Analysis of competitive dynamics, including major players and market share.
Strategic recommendations for stakeholders to capitalize on market opportunities.
In-depth exploration of market drivers, challenges, and growth opportunities.

Chapter 1. Global Wood Coatings Market Executive Summary

1.1. Global Wood Coatings Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Resin Type
- 1.3.2. By Technology
- 1.3.3. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Wood Coatings Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Wood Coatings Market Dynamics

3.1. Market Drivers
- 3.1.1. Growth in the Construction Industry
- 3.1.2. Rising Demand for High-Quality Wood Finishes
- 3.1.3. Technological Advancements in Eco-Friendly Coatings
3.2. Market Challenges
- 3.2.1. Volatility of Raw Material Prices
- 3.2.2. Stringent Environmental Regulations
3.3. Market Opportunities
- 3.3.1. Expansion into Emerging Markets
- 3.3.2. Development of Innovative Wood Coatings
- 3.3.3. Adoption of Advanced Manufacturing Technologies

Chapter 4. Global Wood Coatings Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Wood Coatings Market Size & Forecasts by Resin Type 2022-2032

5.1. Segment Dashboard
5.2. Global Wood Coatings Market: Resin Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Polyurethane
- 5.2.2. Acrylic
- 5.2.3. Nitrocellulose
- 5.2.4. Unsaturated Polyester

Chapter 6. Global Wood Coatings Market Size & Forecasts by Technology 2022-2032

6.1. Segment Dashboard
6.2. Global Wood Coatings Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Waterborne
- 6.2.2. Solvent-Borne
- 6.2.3. Powder Coating
- 6.2.4. Radiation Cured

Chapter 7. Global Wood Coatings Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Wood Coatings Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Furniture
- 7.2.2. Joinery
- 7.2.3. Flooring & Decking
- 7.2.4. Siding

Chapter 8. Global Wood Coatings Market Size & Forecasts by Region 2022-2032

8.1. North America Wood Coatings Market
- 8.1.1. U.S. Wood Coatings Market
  - 8.1.1.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.3. Application Breakdown Size & Forecasts, 2022-2032
- 8.1.2. Canada Wood Coatings Market
  - 8.1.2.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.1.2.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.1.2.3. Application Breakdown Size & Forecasts, 2022-2032
8.2. Europe Wood Coatings Market
- 8.2.1. UK Wood Coatings Market
  - 8.2.1.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.2.1.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.2.1.3. Application Breakdown Size & Forecasts, 2022-2032
- 8.2.2. Germany Wood Coatings Market
  - 8.2.2.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.2.2.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.2.2.3. Application Breakdown Size & Forecasts, 2022-2032
- 8.2.3. France Wood Coatings Market
  - 8.2.3.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.2.3.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.2.3.3. Application Breakdown Size & Forecasts, 2022-2032
- 8.2.4. Spain Wood Coatings Market
  - 8.2.4.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.2.4.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.2.4.3. Application Breakdown Size & Forecasts, 2022-2032
- 8.2.5. Italy Wood Coatings Market
  - 8.2.5.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.2.5.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.2.5.3. Application Breakdown Size & Forecasts, 2022-2032
- 8.2.6. Rest of Europe Wood Coatings Market
  - 8.2.6.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.2.6.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.2.6.3. Application Breakdown Size & Forecasts, 2022-2032
8.3. Asia-Pacific Wood Coatings Market
- 8.3.1. China Wood Coatings Market
  - 8.3.1.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.3.1.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.3.1.3. Application Breakdown Size & Forecasts, 2022-2032
- 8.3.2. India Wood Coatings Market
  - 8.3.2.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.3.2.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.3.2.3. Application Breakdown Size & Forecasts, 2022-2032
- 8.3.3. Japan Wood Coatings Market
  - 8.3.3.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.3.3.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.3.3.3. Application Breakdown Size & Forecasts, 2022-2032
- 8.3.4. Australia Wood Coatings Market
  - 8.3.4.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.3.4.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.3.4.3. Application Breakdown Size & Forecasts, 2022-2032
- 8.3.5. South Korea Wood Coatings Market
  - 8.3.5.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.3.5.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.3.5.3. Application Breakdown Size & Forecasts, 2022-2032
- 8.3.6. Rest of Asia Pacific Wood Coatings Market
  - 8.3.6.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.3.6.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.3.6.3. Application Breakdown Size & Forecasts, 2022-2032
8.4. Latin America Wood Coatings Market
- 8.4.1. Brazil Wood Coatings Market
  - 8.4.1.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.4.1.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.4.1.3. Application Breakdown Size & Forecasts, 2022-2032
- 8.4.2. Mexico Wood Coatings Market
  - 8.4.2.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.4.2.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.4.2.3. Application Breakdown Size & Forecasts, 2022-2032
- 8.4.3. Rest of Latin America Wood Coatings Market
  - 8.4.3.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.4.3.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.4.3.3. Application Breakdown Size & Forecasts, 2022-2032
8.5. Middle East & Africa Wood Coatings Market
- 8.5.1. Saudi Arabia Wood Coatings Market
  - 8.5.1.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.5.1.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.5.1.3. Application Breakdown Size & Forecasts, 2022-2032
- 8.5.2. South Africa Wood Coatings Market
  - 8.5.2.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.5.2.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.5.2.3. Application Breakdown Size & Forecasts, 2022-2032
- 8.5.3. Rest of Middle East & Africa Wood Coatings Market
  - 8.5.3.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.5.3.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.5.3.3. Application Breakdown Size & Forecasts, 2022-2032

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Sherwin-Williams Company
- 9.1.2. Akzo Nobel N.V.
- 9.1.3. PPG Industries, Inc.
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Sherwin-Williams Company
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Akzo Nobel N.V.
- 9.3.3. PPG Industries, Inc.
- 9.3.4. RPM International Inc.
- 9.3.5. Axalta Coating Systems
- 9.3.6. BASF SE
- 9.3.7. Nippon Paint Holdings Co., Ltd.
- 9.3.8. Asian Paints
- 9.3.9. Kansai Paint Co., Ltd.
- 9.3.10. Tikkurila OYJ

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes