Global Furniture Coatings Market - Segmented by Resin Type, Technology, and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4602252
  • Report
  • Region: Global
  • 125 pages
  • Mordor Intelligence
1 of 4

FEATURED COMPANIES

  • Akzo Nobel NV
  • BASF SE
  • Benjamin Moore
  • DowDupont
  • Drywood Coatings
  • IVM Chemicals
  • MORE
Furniture Coatings Market Size

The Global Furniture Coatings market is estimated to experience significant growth during the forecast period. Asia-Pacific is expected to hold the largest share of the market, owing to rising construction sector in the region. China is expected to hold the largest share of the market. Water Borne is expected to be the fastest growing technology.

Increasing Furniture Production Set to Propel Growth of the Market

With the increasing housing construction, population and income-levels across the world, the demand for furniture, such as chairs, table, bed, sofa, shelves, and cupboard, has also been increasing. Moreover, with the rapidly growing service sector, a huge proportion of the population has been relocating to new locations. This has increased the trend of hostels, co-living, guesthouses, and official premises, which has further added to the demand for various furniture products.

In case of the furniture industry, the concepts related to interiors of the homes, offices and flats, has also been changing, which gives scope of innovation and development in terms of designs, size, and colors of the furniture. This has further added to the production of furniture, worldwide.

Polyurethane Accounts for the Largest Share of the Resin Type Segment

Polyurethane resins are thermosetting resins, which are produced by reacting polyalcohol and an organic di-isocyanate. These resins do not melt when heated. These resins have various important properties such as high durability, easy cleaning, toughness, and high gloss.

Polyurethane paints and coatings are usually applied over primers and intermediate coats to provide a lustrous glossy finish, while maintaining resistivity and providing excellent performance against high levels of UV and other extreme weather conditions in areas that are prone to high wear and resistivity toward a wide range of solvents.

All the above factors clubbed with the nominal price range of coatings will help polyurethane to stay on top of resin type used

Asia-Pacific is Set to Dominate the Region in Furniture Coatings Market

Asia-Pacific is expected to hold a share of approx. 45% in terms of revenue in 2017, with China dominating the market. China is one of the largest economies in Asia-pacific and is home to the largest construction sector in the world. It is also the largest market for furniture coatings in Asia-pacific and is estimated to hold as much as 40% of the total share.

The major players in the Chinese wood coating market are, Nippon Paint, Carpoly, Badese, Valspar-Huarun, Akzo Nobel, and Zanchen, among others. The market is consolidated with top 5 players accounting for 35% of the share.

Notable Developments in the Furniture Coatings Market

Major Key Players: Akzo Nobel NV, the Sherwin Williams Company, and Benjamin Moore, among others.

Reasons to Purchase Furniture Coatings Market Report
  • To understand the impact of increasing impact of VOC regulations on the market
  • Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating technology in the market
  • Countries expected to witness the fastest growth during the forecast period
  • Identify 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)
Customize Furniture Coatings Market Report

This report can be customized to meet your requirements. Please connect with our Customer Service team, who will ensure you to get a report that suits your needs
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Akzo Nobel NV
  • BASF SE
  • Benjamin Moore
  • DowDupont
  • Drywood Coatings
  • IVM Chemicals
  • MORE
1. Introduction
1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables

2. Executive Summary

3. Furniture Coatings 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 Furniture Coatings Market Drivers
4.1.1 Increasing furniture production
4.1.2 Other drivers
4.2 Furniture Coatings Market Restraints
4.2.1 Regulations related to VOCs
4.2.2 High R&D Requirements
4.3 Furniture Coatings Market Opportunities
4.3.1 Increasing Use of Water Borne Coatings
4.3.2 Other opportunities

5. Market Segmentation and Analysis - (Market size, Growth, and Forecast)
5.1 Furniture Coatings Market By Technology
5.1.1 Water Borne
5.1.2 Solvent Borne
5.1.3 Powder
5.1.4 UV Cured
5.2 Furniture Coatings Market By Resin Type
5.2.1 Acrylics
5.2.2 Nitrocellulose
5.2.3 Polyester
5.2.4 Polyurethane
5.2.5 Others

6. Furniture Coatings Market Regional Analysis (Market Size, Growth, and Forecast)
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.1.4 Rest of North America
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Spain
6.2.6 Russia
6.2.7 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 ASEAN Countries
6.3.6 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Chile
6.4.4 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 United Arab Emirates
6.5.3 South Africa
6.5.4 Rest of Middle East & Africa

7. Future of the Furniture Coatings Market

8. Furniture Coatings Market Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players

9. Furniture Coatings Market Company Profiles (Overview, Financials**, Products & services, Recent Developments, and Analyst View)
9.1 Akzo Nobel NV
9.2 BASF SE
9.3 Benjamin Moore
9.4 Drywood Coatings
9.5 Helios Group - A member of Kansai Paint
9.6 IVM Chemicals
9.7 Jotun
9.8 KAPCI Coatings
9.9 PPG Industries
9.10 Royal DSM
9.11 Rust-Oleum
9.12 DowDupont
9.13 The Sherwin-Williams Company

10. Disclaimer
**Subject to availability of public domain
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • Akzo Nobel NV
  • BASF SE
  • Benjamin Moore
  • Drywood Coatings
  • Helios Group - A member of Kansai Paint
  • IVM Chemicals
  • Jotun
  • KAPCI Coatings
  • PPG Industries
  • Royal DSM
  • Rust-Oleum
  • DowDupont
  • The Sherwin-Williams Company
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll