Asia-pacific Wood Coatings Market Forecast 2024-2032

The Asia-Pacific wood coatings market is projected to register a CAGR of 5.07% during the forecast period 2024-2032. Rising applications of wood coatings in furniture and flooring, rapid urbanization, favorable government policies, and increasing foreign investments boost market growth.

MARKET INSIGHTS

The Asia-Pacific wood coatings market growth assessment includes the evaluation of South Korea, Australia & New Zealand, Japan, India, Indonesia, China, Vietnam, Thailand, and Rest of Asia-Pacific. The availability of low-cost labor and the rising economic growth benefit the market growth. The rising population in regions like China and India has resulted in increased demands for housing projects and infrastructure developments. Also, the technological advancements have led to rising demands for smart homes. As a result, the demand for wooden floorings, and subsequently, for radiation-cured wood coatings, is bound to increase. At the same time, the growing industrialization has resulted in increased demands for office furniture and the setting up of industrial units. Therefore, all these factors require and are dependent upon wood coatings. As a result, the Asia-Pacific wood market is expected to make notable progress, owing to such favorable conditions. Moreover, there are large amounts of investments for R&D activities by key industrial players to improve their product offerings, which benefits market growth.

COMPETITIVE INSIGHTS

Some of the major companies in the market are Nippon Paint Holdings Co Ltd, Kansai Helios, Akzo Nobel NV, etc.

Our report offerings include:

Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation cater to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 86567

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. MAJOR MARKET FINDINGS
- 2.4.1. EMBRACING UV-CURABLE COATINGS TO ENHANCE EFFICIENCY
- 2.4.2. TRANSITIONING TOWARD POWDER COATINGS
- 2.4.3. GROWING UTILIZATION OF ANTI-GRAFFITI COATINGS

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. RISING DEMAND FROM THE BUILDING & CONSTRUCTION INDUSTRY
- 3.1.2. INCREASING DISPOSABLE INCOME AND SPENDING ON HOME IMPROVEMENT
- 3.1.3. GROWING DEMAND FOR GREEN PRODUCTS MADE FROM RENEWABLE SOURCES
3.2. KEY RESTRAINTS
- 3.2.1. FLUCTUATING PRICES OF RAW MATERIALS AFFECTING PRODUCTION COSTS
- 3.2.2. ENVIRONMENTAL REGULATIONS RESTRICT CERTAIN CHEMICALS
- 3.2.3. COMPETITION FROM COMPOSITES AND PLASTICS

4. KEY ANALYTICS

4.1. KEY MARKET TRENDS
- 4.1.1. NANOTECHNOLOGY ENHANCES COATING PERFORMANCE
- 4.1.2. CUSTOMIZATION FOR SPECIFIC APPLICATIONS LIKE FLOORING AND FURNITURE
- 4.1.3. SMART COATINGS WITH SELF-HEALING & ANTIMICROBIAL PROPERTIES
4.2. PORTER'S FIVE FORCES ANALYSIS
- 4.2.1. BUYERS POWER
- 4.2.2. SUPPLIERS POWER
- 4.2.3. SUBSTITUTION
- 4.2.4. NEW ENTRANTS
- 4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
- 4.3.1. GROWTH PROSPECT MAPPING FOR CHINA
4.4. MARKET MATURITY ANALYSIS
4.5. MARKET CONCENTRATION ANALYSIS
4.6. VALUE CHAIN ANALYSIS
- 4.6.1. RAW MATERIAL SOURCING AND PROCESSING
- 4.6.2. PRODUCT INNOVATION AND TECHNOLOGY DEVELOPMENT
- 4.6.3. SUPPLY CHAIN MANAGEMENT AND MARKET DISTRIBUTION
- 4.6.4. CUSTOMER SUPPORT AND MAINTENANCE SERVICES
4.7. KEY BUYING CRITERIA
- 4.7.1. COATING PERFORMANCE AND WOOD COMPATIBILITY
- 4.7.2. COST-EFFECTIVENESS AND VALUE ALIGNMENT FOR WOOD SURFACE APPLICATIONS
- 4.7.3. RELIABILITY AND LONGEVITY OF COATINGS ON WOOD SURFACES
- 4.7.4. SUPPLIER TRACK RECORD AND WOOD COATING EXPERTISE

5. MARKET BY RESIN TYPE

5.1. NITROCELLULOSE
- 5.1.1. MARKET FORECAST FIGURE
- 5.1.2. SEGMENT ANALYSIS
5.2. POLYURETHANE
- 5.2.1. MARKET FORECAST FIGURE
- 5.2.2. SEGMENT ANALYSIS
5.3. POLYESTER
- 5.3.1. MARKET FORECAST FIGURE
- 5.3.2. SEGMENT ANALYSIS
5.4. ACRYLIC
- 5.4.1. MARKET FORECAST FIGURE
- 5.4.2. SEGMENT ANALYSIS
5.5. OTHER RESIN TYPES
- 5.5.1. MARKET FORECAST FIGURE
- 5.5.2. SEGMENT ANALYSIS

6. MARKET BY TECHNOLOGY

6.1. UV-CURED
- 6.1.1. MARKET FORECAST FIGURE
- 6.1.2. SEGMENT ANALYSIS
6.2. WATER-BORNE
- 6.2.1. MARKET FORECAST FIGURE
- 6.2.2. SEGMENT ANALYSIS
6.3. POWDER COATINGS
- 6.3.1. MARKET FORECAST FIGURE
- 6.3.2. SEGMENT ANALYSIS
6.4. SOLVENT-BORNE
- 6.4.1. MARKET FORECAST FIGURE
- 6.4.2. SEGMENT ANALYSIS

7. MARKET BY APPLICATION

7.1. DOORS AND WINDOW
- 7.1.1. MARKET FORECAST FIGURE
- 7.1.2. SEGMENT ANALYSIS
7.2. FURNITURE AND FIXTURE
- 7.2.1. MARKET FORECAST FIGURE
- 7.2.2. SEGMENT ANALYSIS
7.3. CABINET
- 7.3.1. MARKET FORECAST FIGURE
- 7.3.2. SEGMENT ANALYSIS
7.4. FLOOR
- 7.4.1. MARKET FORECAST FIGURE
- 7.4.2. SEGMENT ANALYSIS
7.5. DECK
- 7.5.1. MARKET FORECAST FIGURE
- 7.5.2. SEGMENT ANALYSIS

8. GEOGRAPHICAL ANALYSIS

8.1. ASIA-PACIFIC
- 8.1.1. MARKET SIZE & ESTMATES
- 8.1.2. ASIA-PACIFIC WOOD COATINGS MARKET DRIVERS
- 8.1.3. ASIA-PACIFIC WOOD COATINGS MARKET CHALLENGES
- 8.1.4. ASIA-PACIFIC WOOD COATINGS MARKET REGULATORY FRAMEWORK
- 8.1.5. KEY PLAYERS IN ASIA-PACIFIC WOOD COATINGS MARKET
- 8.1.6. COUNTRY ANALYSIS
  - 8.1.6.1. CHINA
  - 8.1.6.1.1. CHINA WOOD COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.1.6.2. JAPAN
  - 8.1.6.2.1. JAPAN WOOD COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.1.6.3. INDIA
  - 8.1.6.3.1. INDIA WOOD COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.1.6.4. SOUTH KOREA
  - 8.1.6.4.1. SOUTH KOREA WOOD COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.1.6.5. THAILAND
  - 8.1.6.5.1. THAILAND WOOD COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.1.6.6. VIETNAM
  - 8.1.6.6.1. VIETNAM WOOD COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.1.6.7. INDONESIA
  - 8.1.6.7.1. INDONESIA THAILAND WOOD COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.1.6.8. AUSTRALIA & NEW ZEALAND
  - 8.1.6.8.1. AUSTRALIA & NEW ZEALAND WOOD COATINGS MARKET SIZE & OPPORTUNITIES
  - 8.1.6.9. REST OF ASIA-PACIFIC
  - 8.1.6.9.1. REST OF ASIA-PACIFIC WOOD COATINGS MARKET SIZE & OPPORTUNITIES

9. COMPETITIVE LANDSCAPE

9.1. KEY STRATEGIC DEVELOPMENTS
- 9.1.1. MERGERS & ACQUISITIONS
- 9.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 9.1.3. PARTNERSHIPS & AGREEMENTS
- 9.1.4. BUSINESS EXPANSIONS & DIVESTITURES
9.2. COMPANY PROFILES
- 9.2.1. NIPPON PAINT HOLDINGS CO LTD
  - 9.2.1.1. COMPANY OVERVIEW
  - 9.2.1.2. PRODUCT LIST
  - 9.2.1.3. STRENGTHS & CHALLENGES
- 9.2.2. PPG INDUSTRIES INC
  - 9.2.2.1. COMPANY OVERVIEW
  - 9.2.2.2. PRODUCT LIST
  - 9.2.2.3. STRENGTHS & CHALLENGES
- 9.2.3. ASIAN PAINTS
  - 9.2.3.1. COMPANY OVERVIEW
  - 9.2.3.2. PRODUCT LIST
  - 9.2.3.3. STRENGTHS & CHALLENGES
- 9.2.4. THE SHERWIN-WILLIAMS COMPANY
  - 9.2.4.1. COMPANY OVERVIEW
  - 9.2.4.2. PRODUCT LIST
  - 9.2.4.3. STRENGTHS & CHALLENGES
- 9.2.5. RPM INTERNATIONAL INC
  - 9.2.5.1. COMPANY OVERVIEW
  - 9.2.5.2. PRODUCT LIST
  - 9.2.5.3. STRENGTHS & CHALLENGES
- 9.2.6. DIAMOND PAINTS
  - 9.2.6.1. COMPANY OVERVIEW
  - 9.2.6.2. PRODUCT LIST
  - 9.2.6.3. STRENGTHS & CHALLENGES
- 9.2.7. AXALTA COATING SYSTEMS LLC
  - 9.2.7.1. COMPANY OVERVIEW
  - 9.2.7.2. PRODUCT LIST
  - 9.2.7.3. STRENGTHS & CHALLENGES
- 9.2.8. BASF SE
  - 9.2.8.1. COMPANY OVERVIEW
  - 9.2.8.2. PRODUCTS LIST
  - 9.2.8.3. STRENGTHS & CHALLENGES
- 9.2.9. KANSAI HELIOS
  - 9.2.9.1. COMPANY OVERVIEW
  - 9.2.9.2. PRODUCT LIST
  - 9.2.9.3. STRENGTHS & CHALLENGES
- 9.2.10. AKZO NOBEL N.V
  - 9.2.10.1. COMPANY OVERVIEW
  - 9.2.10.2. PRODUCTS LIST
  - 9.2.10.3. STRENGTHS & CHALLENGES
- 9.2.11. EASTMAN CHEMICAL COMPANY
  - 9.2.11.1. COMPANY OVERVIEW
  - 9.2.11.2. PRODUCT LIST
  - 9.2.11.3. STRENGTHS & CHALLENGES
- 9.2.12. TEKNOS GROUP
  - 9.2.12.1. COMPANY OVERVIEW
  - 9.2.12.2. PRODUCTS LIST
  - 9.2.12.3. STRENGTHS & CHALLENGES

Product Code: 86567

LIST OF TABLES

TABLE 1: ASIA-PACIFIC MARKET SNAPSHOT - WOOD COATINGS MARKET
TABLE 2: ASIA-PACIFIC WOOD COATINGS MARKET, BY RESIN TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 3: ASIA-PACIFIC WOOD COATINGS MARKET, BY RESIN TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC WOOD COATINGS MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC WOOD COATINGS MARKET, BY TECHNOLOGY, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC WOOD COATINGS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC WOOD COATINGS MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC WOOD COATINGS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC WOOD COATINGS MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC WOOD COATINGS MARKET REGULATORY FRAMEWORK
TABLE 11: LIST OF MERGERS & ACQUISITIONS
TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 14: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR CHINA
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: ASIA-PACIFIC WOOD COATINGS MARKET, GROWTH POTENTIAL, BY RESIN TYPE, IN 2023
FIGURE 7: ASIA-PACIFIC WOOD COATINGS MARKET, BY NITROCELLULOSE, 2024-2032 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC WOOD COATINGS MARKET, BY POLYURETHANE, 2024-2032 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC WOOD COATINGS MARKET, BY POLYESTER, 2024-2032 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC WOOD COATINGS MARKET, BY ACRYLIC, 2024-2032 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC WOOD COATINGS MARKET, BY OTHER RESIN TYPES, 2024-2032 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC WOOD COATINGS MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2023
FIGURE 13: ASIA-PACIFIC WOOD COATINGS MARKET, BY UV-CURED, 2024-2032 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC WOOD COATINGS MARKET, BY WATER-BORNE, 2024-2032 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC WOOD COATINGS MARKET, BY POWDER COATING, 2024-2032 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC WOOD COATINGS MARKET, BY SOLVENT-BORNE, 2024-2032 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC WOOD COATINGS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023
FIGURE 18: ASIA-PACIFIC WOOD COATINGS MARKET, BY DOORS AND WINDOW, 2024-2032 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC WOOD COATINGS MARKET, BY FURNITURE AND FIXTURE, 2024-2032 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC WOOD COATINGS MARKET, BY CABINET, 2024-2032 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC WOOD COATINGS MARKET, BY FLOOR, 2024-2032 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC WOOD COATINGS MARKET, BY DECK, 2024-2032 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC WOOD COATINGS MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 24: CHINA WOOD COATINGS MARKET, 2024-2032 (IN $ MILLION)
FIGURE 25: JAPAN WOOD COATINGS MARKET, 2024-2032 (IN $ MILLION)
FIGURE 26: INDIA WOOD COATINGS MARKET, 2024-2032 (IN $ MILLION)
FIGURE 27: SOUTH KOREA WOOD COATINGS MARKET, 2024-2032 (IN $ MILLION)
FIGURE 28: THAILAND WOOD COATINGS MARKET, 2024-2032 (IN $ MILLION)
FIGURE 29: VIETNAM WOOD COATINGS MARKET, 2024-2032 (IN $ MILLION)
FIGURE 30: INDONESIA WOOD COATINGS MARKET, 2024-2032 (IN $ MILLION)
FIGURE 31: AUSTRALIA & NEW ZEALAND WOOD COATINGS MARKET, 2024-2032 (IN $ MILLION)
FIGURE 32: REST OF ASIA-PACIFIC WOOD COATINGS MARKET, 2024-2032 (IN $ MILLION)