Wood coatings are used in variety of industrial and residential areas. The coatings provide enhancement to the appearance of the wood, along with providing benefits, such as self-cleaning and graffiti resistance. Wood coatings, owing to their excellent adhesion and anti-corrosive properties, increased durability on woods and aesthetic properties, are becoming an integral part of various commercial sectors.
Increasing Furniture Production in China to Drive the Market
China's furniture manufacturing industry revenue rose from 32.7 billion Yuan in 2000 to 787.3 billion Yuan in 2015, with an average annual growth rate of 24%. China's furniture exports maintained double digit growth for many years, since 2009, exports remained stable at high levels. At present, China is the world's largest furniture exporter and furniture consumer market. China's furniture industry exports, in 2015, amounted to 199.36 billion Yuan, an increase of 1.69% year on year. This huge growth in the furniture production in China is expected to drive the wood coatings market.
Furniture & Fixtures to be the Largest Application
The Wood coatings are mainly used in furniture and cabinets. These coatings help in protecting the furniture and cabinets from termites and fungal infection. Additionally, they also protect them from moisture and mold formation. The rising demand for wood coatings is driven by the increasing infrastructural, industrial, and educational projects.
Asia-Pacific to be the Largest Market for Wood Coatings
The rising demand for wood coatings is driven by the increasing infrastructural, industrial, and educational projects. As Asia-Pacific is projected to witness highest growth in the construction activities, the demand for wood for the production of interiors, kitchens, cupboards, windows, and others is likely to increase noticeably. Asia-Pacific is also a major producer of furniture in the world. With an increase in the production of furniture, the demand for wood coatings is further likely to increase.
Key Developments in the Market:
April 2017: Teknos completed the acquisition of Feyco Treffert, a company specializing in wood coatings, and Schekolin AG. The acquisition is expected to provide Teknos with access to new markets in Switzerland, Malaysia, and the United States, and strengthen its position in the global wood segment.
Major Players: Akzonobel N.V., Sherwin Williams, PPG Industries, Nippon Paint Holdings, Axalta, RPM International , amongst others.
Reasons to purchase this report
- Current and future global wood coatings market in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The segment that is expected to dominate the market
- Regions that are expected to witness fastest growth during the forecast period
- Identifying the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in excel).
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1.1 Research Phases
1.2 Scope of the Report
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Growing Demand for UV-cured Coatings
4.1.2 Increasing Furniture Production in China
4.2.1 Stringent Environmental Regulations
4.3.1 Increasing Production of Paraquet Flooring in Europe
4.3.2 Shift Towards Water-borne Coatings
5. Market Segmentation Analysis (Market Size, Growth, and Forecast)
5.1 By Resin
5.2 By Application
5.2.1 Furniture and fixtures
5.2.2 Doors & Windows
5.2.3 Decks and Cabinets
5.2.4 Others (including floors, moulding products)
5.3 By Technology
6. Regional Market Analysis (Market size, growth, and forecast)
6.1 Asia Pacific
6.1.6 South Korea
6.1.8 Australia & Newzealnd
6.1.10 Rest of the Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of the North America
6.3.4 United Kingdom
6.3.9 Rest of the Europe
6.4 South America
6.4.5 Rest of the South America
6.5 The Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.5 Rest of the Middle East & Africa
7. Future of the market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Products & Services, Financials**, Recent Developments and Analyst View)
9.1 Akzo Nobel N.V
9.2 Benjamin Moore & Co. Inc.
9.3 Diamond Vogel Paint Company
9.5 Drywood Coatings BV
9.6 Helios Coatings GmbH
9.7 ICA Group
9.8 IVM Chemicals srl
9.9 Kansai Paint Co. Ltd.
9.10 KAPCI Coatings Co.
9.11 Kelly-Moore Paint Company, Inc.
9.12 Minwax Company
9.13 Nippon Paint Co. Ltd.
9.14 NTC Nano Tech Coatings GmbH
9.15 PPG Industries, Inc.
9.16 Renner Sayerlack S.A.
9.17 RPM International Inc.
9.18 Sherwin-Williams Company
9.19 Sirca SpA
9.20 Sniezka S.A.
9.21 Teknos Group Oy
9.22 Vermont Natural Coatings, Inc.
9.23 Weilburger Coatings GmbH
*List Not Exhaustive
** (Subject to Feasibility & Availability on Public Domain)
- Akzo Nobel N.V
- Benjamin Moore & Co. Inc.
- Diamond Vogel Paint Company
- Drywood Coatings BV
- Helios Coatings GmbH
- ICA Group
- IVM Chemicals srl
- Kansai Paint Co. Ltd.
- KAPCI Coatings Co.
- Kelly-Moore Paint Company Inc.
- Minwax Company
- Nippon Paint Co. Ltd.
- NTC Nano Tech Coatings GmbH
- PPG Industries Inc.
- Renner Sayerlack S.A.
- RPM International Inc.
- Sherwin-Williams Company
- Sirca SpA
- Sniezka S.A.
- Teknos Group Oy
- Vermont Natural Coatings Inc.
- Weilburger Coatings GmbH