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Wood Coating Trends and Forecast
The future of the global wood coating market looks promising with opportunities in the furniture, joinery, flooring & decking, and siding markets. The global wood coating market is expected to reach an estimated $11.2 billion by 2030 with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are increasing demand for household furniture and a growing consumer focus on aesthetics and global population increase and housing market recovery are on the upswing.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Wood Coating by Segment
The study includes a forecast for the global wood coating by resin type, technology , application, and region.
Wood Coating Market by Resin Type [Shipment Analysis by Value from 2018 to 2030]:
• Polyurethane
• Acrylic
• Nitrocellulose
• Unsaturated Polyester
• Others
Wood Coating Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Waterborne
• Solvent-Borne
• Powder Coating
• Radiation Cured
• Others
Wood Coating Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Furniture
• Joinery
• Flooring & Decking
• Siding
• Others
Wood Coating Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Wood Coating Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies wood coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wood coating companies profiled in this report include-
• The Sherwin-Williams Company
• PPG Industries
• Akzo Nobel
• Nippon Paint Holdings
• RPM International
• Diamond Paints
• BASF
• Axalta Coating Systems
• KANSAI HELIOS
• Asian Paints
Wood Coating Market Insights
Lucintel forecasts that polyurethane is expected to witness the highest growth over the forecast period due to ready availability of the product and the numerous advantages of polyurethane over other counterpart.
Within this market, furniture will remain the largest segment due to increasing urbanization, expanding homes, and a rise in nuclear families.
APAC will remain the largest region over the forecast period due to rising demand for home furnishings in India, China, Japan, and South Korea.
Features of the Global Wood Coating Market
Market Size Estimates: Wood coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Wood coating market size by resin type, technology, application, and region in terms of value ($B).
Regional Analysis: Wood coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different resin type, technology, application, and regions for the wood coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the wood coating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the wood coating market size?
Answer: The global wood coating market is expected to reach an estimated $11.2 billion by 2030.
Q2. What is the growth forecast for wood coating market?
Answer: The global wood coating market is expected to grow with a CAGR of 4.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the wood coating market?
Answer: The major drivers for this market are increasing demand for household furniture and a growing consumer focus on aesthetics and global population increase and housing market recovery are on the upswing.
Q4. What are the major segments for wood coating market?
Answer: The future of the wood coating market looks promising with opportunities in the furniture, joinery, flooring & decking, and siding markets.
Q5. Who are the key wood coating market companies?
Answer: Some of the key wood coating companies are as follows:
• The Sherwin-Williams Company
• PPG Industries
• Akzo Nobel
• Nippon Paint Holdings
• RPM International
• Diamond Paints
• BASF
• Axalta Coating Systems
• KANSAI HELIOS
• Asian Paints
Q6. Which wood coating market segment will be the largest in future?
Answer: Lucintel forecasts that polyurethane is expected to witness the highest growth over the forecast period due to ready availability of the product and the numerous advantages of polyurethane over other counterpart.
Q7. In wood coating market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rising demand for home furnishings in India, China, Japan, and South Korea.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the wood coating market by resin type (polyurethane, acrylic, nitrocellulose, unsaturated polyester, and others), technology (waterborne, solvent-borne, powder coating, radiation cured, and others), application (furniture, joinery, flooring & decking, siding, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Wood Coating Market, Wood Coating Market Size, Wood Coating Market Growth, Wood Coating Market Analysis, Wood Coating Market Report, Wood Coating Market Share, Wood Coating Market Trends, Wood Coating Market Forecast, Wood Coating Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Wood Coating Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Wood Coating Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Wood Coating Market by Resin Type
3.3.1: Polyurethane
3.3.2: Acrylic
3.3.3: Nitrocellulose
3.3.4: Unsaturated Polyester
3.3.5: Others
3.4: Global Wood Coating Market by Technology
3.4.1: Waterborne
3.4.2: Solvent-borne
3.4.3: Powder Coating
3.4.4: Radiation Cured
3.4.5: Others
3.5: Global Wood Coating Market by Application
3.5.1: Furniture
3.5.2: Joinery
3.5.3: Flooring & Decking
3.5.4: Siding
3.5.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Wood Coating Market by Region
4.2: North American Wood Coating Market
4.2.2: North American Wood Coating Market by Application: Furniture, Joinery, Flooring & Decking, Siding, and Others
4.3: European Wood Coating Market
4.3.1: European Wood Coating Market by Resin Type: Polyurethane, Acrylic, Nitrocellulose, Unsaturated Polyester, and Others
4.3.2: European Wood Coating Market by Application: Furniture, Joinery, Flooring & Decking, Siding, and Others
4.4: APAC Wood Coating Market
4.4.1: APAC Wood Coating Market by Resin Type: Polyurethane, Acrylic, Nitrocellulose, Unsaturated Polyester, and Others
4.4.2: APAC Wood Coating Market by Application: Furniture, Joinery, Flooring & Decking, Siding, and Others
4.5: ROW Wood Coating Market
4.5.1: ROW Wood Coating Market by Resin Type: Polyurethane, Acrylic, Nitrocellulose, Unsaturated Polyester, and Others
4.5.2: ROW Wood Coating Market by Application: Furniture, Joinery, Flooring & Decking, Siding, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Wood Coating Market by Resin Type
6.1.2: Growth Opportunities for the Global Wood Coating Market by Technology
6.1.3: Growth Opportunities for the Global Wood Coating Market by Application
6.1.4: Growth Opportunities for the Global Wood Coating Market by Region
6.2: Emerging Trends in the Global Wood Coating Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Wood Coating Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Wood Coating Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: The Sherwin-Williams Company
7.2: PPG Industries
7.3: Akzo Nobel
7.4: Nippon Paint Holdings
7.5: RPM International
7.6: Diamond Paints
7.7: BASF
7.8: Axalta Coating Systems
7.9: KANSAI HELIOS
7.10: Asian Paints
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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