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Wood Coatings: Technologies and Application Markets

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    Report

  • 197 Pages
  • June 2022
  • Region: Global
  • BCC Research
  • ID: 4764990

FEATURED COMPANIES

  • Akzonobel N.V.
  • Basf Se
  • Frimpeks
  • Milesi
  • Rpm International Inc.
  • The Sherwin-Williams Co.

Report Scope



This report provides an updated review of the wood coatings market, focusing on its product types, technologies and end-user application.

The report provides detailed analysis of key trends and opportunities impacting the market’s growth. It also analyzes the challenges faced by manufacturers of wood coatings and end-use application industries.

The report has a separate section highlighting the impact of COVID-19 on the wood coatings market at the global level. The section discusses COVID-19’s impact on wood coating supply and demand. It also provides information on the impact of prices of wood coating products post-pandemic.

The market sizes and estimations are provided in terms of volume (kilotons) and value ($ millions), considering 2021 as base year, with a market forecast for the period of 2022 to 2027. Regional market sizes, with respect to product types, technology and end-user applications are also provided. The impact of COVID-19 will be considered while estimating market sizes.

Report Includes

  • 114 data tables and 68 additional tables
  • An up-to-date overview of the global markets for wood coatings, related products, technologies used for enabling coatings and end-use application areas
  • Analyses of the global market trends, with data from 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
  • Understanding of opportunities and innovation-driven coatings for wood technologies and applications market highlights, and the major regions and countries involved in such developments
  • Evaluation and forecast the wood coatings market size, projected growth trends, and corresponding market share analysis product type, technology, end-use application, and region
  • Identification of the segments with high growth potential and to understand future applications of given segments
  • Examination of key trends related to applications, types and pulse durations that shape and influence the wood coating industry
  • A look at the increased demand for wood coatings driven by customers’ expectations in diverse areas such as performance, ease of application, sustainability, quality, functionality and environmental properties
  • In-depth information on R&D investment, key technology issues, industry specific challenges, major types of end-user markets, and impact on wood coatings product sales
  • Review of the new developments in wood coatings industry, value chain analysis, competitive landscape in the global market, and COVID-19 implications on the marketplace
  • A relevant patent data analysis
  • Descriptive company profiles of the leading global players, including Arkema, BASF SE, PPG Industries Inc., RPM International and The Sherwin-Williams Co.

FEATURED COMPANIES

  • Akzonobel N.V.
  • Basf Se
  • Frimpeks
  • Milesi
  • Rpm International Inc.
  • The Sherwin-Williams Co.

Chapter 1 Introduction
  • Market Definition
  • Study Goals and Objectives
  • Reasons for Doing this Study
  • Intended Audience
  • Scope of Report
  • Methodology
  • What's New in this Update?
  • Geographical Breakdown
  • Analyst's Credentials
  • Custom Research
  • Related Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
  • Evolution of Wood Coating
  • Value Chain
  • Future Outlook and Expectations
  • Market Dynamics
  • Drivers
  • Restraints
Chapter 4 Impact of Covid-19 and Russia-Ukraine War on the Market
  • Impact of Covid-19 on the Wood Coatings Market
  • Introduction
  • Impact on Demand
  • Recovery
  • Conclusion
  • Impact of Russia-Ukraine War on Wood Coatings Market
Chapter 5 Market Breakdown by Type
  • Introduction
  • Varnishes
  • Varnishes by Raw Material Type
  • Shellacs
  • Preservatives or Dyes
  • Repellents
  • Lacquers
  • Stains
  • Others
Chapter 6 Market Breakdown by Technology
  • Introduction
  • Spraying
  • Conventional Spray
  • High-Volume Low-Pressure Spraying
  • Electrostatic Spraying
  • Airless Spraying
  • Non-Spray Coatings
  • Rollers
  • Brushes
  • Vacuums
  • Curtaining
Chapter 7 Market Breakdown by Application
  • Introduction
  • Flooring and Decking
  • Sports Equipment
  • Automotive Interiors
  • Ship Interiors
  • Exterior Fencing
  • Handcrafts
  • Furniture
  • Cabinets
  • Other Products
Chapter 8 Market Breakdown by Region
  • Introduction
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
Chapter 9 Patent Review and New Developments
  • Patent Review by Country
Chapter 10 Competitive Landscape
  • Competitive Landscape: Global
  • Major Developments
Chapter 11 Company Profiles
  • Arkema
  • Akzonobel N.V.
  • Ashland Global Holdings Inc.
  • Axalta Coating Systems Ltd.
  • Basf Se
  • Diamond Vogel
  • Frimpeks
  • Ica Group
  • Liquiguard Technologies Inc.
  • Milesi
  • Ppg Industries Inc.
  • Rpm International Inc.
  • Sansin Corp.
  • The Sherwin-Williams Co.
  • Willamette Valley
Chapter 12 Appendix: Acronyms
List of Tables
Summary Table: Global Market for Wood Coatings, by Region, Through 2027
Table 1: Cruise Ships that Started Sailing or Expecting to Sail in 2022
Table 2: Global Market Volumes of Wood Coatings, by Product Type, Through 2027
Table 3: Global Market for Wood Coatings, by Product Type, Through 2027
Table 4: Global Market Volumes of Wood Varnishes, by End-Use Application, Through 2027
Table 5: Global Market for Wood Varnishes, by End-Use Application, Through 2027
Table 6: Global Market Volumes of Wood Varnishes, by Technology, Through 2027
Table 7: Global Market for Wood Varnishes, by Technology, Through 2027
Table 8: Global Market Volumes of Wood Varnishes, by Region, Through 2027
Table 9: Global Market for Wood Varnishes, by Region, Through 2027
Table 10: Global Market Volumes of Wood Shellac, by End-Use Application, Through 2027
Table 11: Global Market for Wood Shellac, by End-Use Application, Through 2027
Table 12: Global Market Volumes of Wood Shellac, by Technology, Through 2027
Table 13: Global Market for Wood Shellac, by Technology, Through 2027
Table 14: Global Market Volumes of Wood Shellac, by Region, Through 2027
Table 15: Global Market for Wood Shellac, by Region, Through 2027
Table 16: Global Market Volumes of Preservatives and Dyes Used in Wood Coatings, by End-Use Application, Through 2027
Table 17: Global Market for Preservatives and Dyes Used in Wood Coatings, by End-Use Application, Through 2027
Table 18: Global Market Volumes of Preservatives and Dyes Used in Wood Coatings, by Technology, Through 2027
Table 19: Global Market for Preservatives and Dyes Used in Wood Coatings, by Technology, Through 2027
Table 20: Global Market Volumes of Preservatives and Dyes Used in Wood Coatings, by Region, Through 2027
Table 21: Global Market for Preservatives and Dyes Used in Wood Coatings, by Region, Through 2027
Table 22: Global Market for Repellents Used in Wood Coatings, by Type, Through 2027
Table 23: Global Market Volumes of Repellents Used in Wood Coatings, by End-Use Application, Through 2027
Table 24: Global Market for Repellents Used in Wood Coatings, by End-Use Application, Through 2027
Table 25: Global Market Volumes of Repellents Used in Wood Coatings, by Technology, Through 2027
Table 26: Global Market for Repellents Used in Wood Coatings, by Technology, Through 2027
Table 27: Global Market Volumes of Repellents Used in Wood Coatings, by Region, Through 2027
Table 28: Global Market for Repellents Used in Wood Coatings, by Region, Through 2027
Table 29: Global Market Volumes of Wood Lacquer, by End-Use Application, Through 2027
Table 30: Global Market for Wood Lacquer, by End-Use Application, Through 2027
Table 31: Global Market Volumes of Wood Lacquer, by Technology, Through 2027
Table 32: Global Market for Wood Lacquer, by Technology, Through 2027
Table 33: Global Market Volumes of Wood Lacquer, by Region, Through 2027
Table 34: Global Market for Wood Lacquer, by Region, Through 2027
Table 35: Global Market Volumes of Wood Stain, by End-Use Application, Through 2027
Table 36: Global Market for Wood Stain, by End-Use Application, Through 2027
Table 37: Global Market Volumes of Wood Stain, by Technology, Through 2027
Table 38: Global Market for Wood Stain, by Technology, Through 2027
Table 39: Global Market Volumes of Wood Stain, by Region, Through 2027
Table 40: Global Market for Wood Stain, by Region, Through 2027
Table 41: Global Market Volumes of Other Types of Wood Coatings, by End-Use Application, Through 2027
Table 42: Global Market for Other Types of Wood Coatings, by End-Use Application, Through 2027
Table 43: Global Market Volumes of Other Types of Wood Coatings, by Technology, Through 2027
Table 44: Global Market for Other Types of Wood Coatings, by Technology, Through 2027
Table 45: Global Market Volumes of Other Types of Wood Coatings, by Region, Through 2023
Table 46: Global Market for Other Types of Wood Coatings, by Region, Through 2023
Table 47: Global Market Volumes of Wood Coatings, by Technology, Through 2027
Table 48: Global Market for Wood Coatings, by Technology, Through 2027
Table 49: Global Market Volumes of Wood Coating Sprays, by Product Type, Through 2027
Table 50: Global Market for Wood Coating Sprays, by Product Type, Through 2027
Table 51: Global Market Volumes of Wood Coating Sprays, by End-Use Application, Through 2027
Table 52: Global Market for Wood Coating Sprays, by End-Use Application, Through 2027
Table 53: Global Market Volumes of Wood Coating Sprays, by Region, Through 2027
Table 54: Global Market for Wood Coating Sprays, by Region, Through 2027
Table 55: Global Market Volumes of Non-spray Coatings, by Product Type, Through 2027
Table 56: Global Market for Non-spray Wood Coatings, by Product Type, Through 2027
Table 57: Global Market Volumes of Non-spray Wood Coatings, by End-Use Application, Through 2027
Table 58: Global Market for Non-spray Wood Coatings, by End-Use Application, Through 2027
Table 59: Global Market Volumes of Non-spray Wood Coatings, by Region, Through 2027
Table 60: Global Market for Non-spray Wood Coatings, by Region, Through 2027
Table 61: Global Market Volumes of Wood Coatings, by Application, Through 2027
Table 62: Global Market for Wood Coatings, by Application, Through 2027
Table 63: Global Market Volumes of Wood Coatings in Flooring and Decking, by Region, Through 2027
Table 64: Global Market for Wood Coatings in Flooring and Decking, by Region, Through 2027
Table 65: Global Market Volumes of Wood Coatings in Sports Equipment, by Region, Through 2027
Table 66: Global Market for Wood Coatings in Sports Equipment, by Region, Through 2027
Table 67: Global Market Volumes of Wood Coatings in Automotive Interiors, by Region, Through 2027
Table 68: Global Market for Wood Coatings in Automotive Interiors, by Region, Through 2027
Table 69: Global Market Volumes of Wood Coatings for Ship Interiors, by Region, Through 2027
Table 70: Global Market for Wood Coatings for Ship Interiors, by Region, Through 2027
Table 71: Global Market Volumes of Wood Coatings for Exterior Fencing, by Region, Through 2027
Table 72: Global Market for Wood Coatings for Exterior Fencing, by Region, Through 2027
Table 73: Global Market Volumes of Wood Coatings for Handcrafts, by Region, Through 2027
Table 74: Global Market for Wood Coatings for Handcrafts, by Region, Through 2027
Table 75: Global Market Volumes of Wood Coatings for Furniture, by Region, Through 2027
Table 76: Global Market for Wood Coatings forFurniture, by Region, Through 2027
Table 77: Global Market Volumes of Wood Coatings for Cabinets, by Region, Through 2027
Table 78: Global Market for Wood Coatings for Cabinets, by Region, Through 2027
Table 79: Global Market Volumes of Wood Coatings for Other Products, by Region, Through 2027
Table 80: Global Market for Wood Coatings for Other Products, by Region, Through 2027
Table 81: Global Market Volumes of Wood Coatings, by Region, Through 2027
Table 82: Global Market for Wood Coatings, by Region, Through 2027
Table 83: North American Market Volumes of Wood Coatings, by Product Type, Through 2027
Table 84: North American Market for Wood Coatings, by Product Type, Through 2027
Table 85: North American Market Volumes of Wood Coatings, by Technology, Through 2027
Table 86: North American Market for Wood Coatings, by Technology, Through 2027
Table 87: North American Market Volumes of Wood Coatings, by Application, Through 2027
Table 88: North American Market for Wood Coatings, by Application, Through 2027
Table 89: North American Market Volumes of Wood Coatings, by Country, Through 2027
Table 90: North American Market for Wood Coatings, by Country, Through 2027
Table 91: European Market Volumes of Wood Coatings, by Product Type, Through 2027
Table 92: European Market for Wood Coatings, by Product Type, Through 2027
Table 93: European Market Volumes of Wood Coatings, by Technology, Through 2027
Table 94: European Market for Wood Coatings, by Technology, Through 2027
Table 95: European Market for Volume Wood Coatings, by Application, Through 2027
Table 96: European Market for Wood Coatings, by Application, Through 2027
Table 97: European Market Volumes of Wood Coatings, by Country, Through 2027
Table 98: European Market for Wood Coatings, by Country, Through 2027
Table 99: Asia-Pacific Market Volumes of Wood Coatings, by Product Type, Through 2027
Table 100: Asia-Pacific Market for Wood Coatings, by Product Type, Through 2027
Table 101: Asia-Pacific Market Volumes of Wood Coatings, by Technology, Through 2027
Table 102: Asia-Pacific Market for Wood Coatings, by Technology, Through 2027
Table 103: Asia-Pacific Market Volumes of Wood Coatings, by Application, Through 2027
Table 104: Asia-Pacific Market for Wood Coatings, by Application, Through 2027
Table 105: Asia-Pacific Market Volumes of Wood Coatings, by Country, Through 2027
Table 106: Asia-Pacific Market for Wood Coatings, by Country, Through 2027
Table 107: Rest of the World Market Volumes of Wood Coatings, by Product Type, Through 2027
Table 108: Rest of the World Market for Wood Coatings, by Product Type, Through 2027
Table 109: Rest of the World Market Volumes of Wood Coatings, by Technology, Through 2027
Table 110: Rest of the World Market for Wood Coatings, by Technology, Through 2027
Table 111: Rest of the World Market Volumes of Wood Coatings, by Application, Through 2027
Table 112: Rest of the World Market for Wood Coatings, by Application, Through 2027
Table 113: Rest of the World Market Volumes of Wood Coatings, by Country, Through 2027
Table 114: Rest of the World Market for Wood Coatings, by Country, Through 2027
Table 115: Fire Retardant-Treated Wood Products with Durable Coating Protection
Table 116: Vehicle Interior Protective Coating
Table 117: Solvent-Free Shellac Coating Composition
Table 118: Single Component Hydrophobic Coating
Table 119: Composition for Preparing A Release Coating
Table 120: Antimicrobial Sacrificial Floor Coating Systems
Table 121: Reinforcement Barrier Coatings
Table 122: Aqueous Coating Composition
Table 123: Particulate Coating
Table 124: Thermosetting Coating Composition with Improved Scratch Resistance
Table 125: Formaldehyde-Free, Benzene-Free and Varnish-Free Multilayer Laminated Wood Floor Patent
Table 126: Multifunctional Wood Coatings Patent
Table 127: In-Line Coated Wood-Based Boards Patent
Table 128: Wood Substrate Including an Abrasion Resistant Coating Patent
Table 129: Polystyrene Varnishes, Printing Inks, Coatings and Overprints Patent
Table 130: Wood Product Patent
Table 131: Soy-Modified Resins for Bonding Wood Patent
Table 132: Fire-Retardant-Treated Wood Products with Durable Coating Protection Patent
Table 133: Coloration of Acetylated Wood Patent
Table 134: Wood Flooring with Reinforced Thermoplastic Underlayer Patent
Table 135: Process for Wood Oil Modification of Wood Products Patent
Table 136: Low Heat Build-Up UV-Cured Vacuum Coating System in Dark Colors Patent
Table 137: Cellulose Acetate Wood Filler Compositions Patent
Table 138: Recent Developments
Table 139: Arkema: Company Overview, 2021
Table 140: Arkema: Product Portfolio
Table 141: Arkema: Recent Developments
Table 142: AkzoNobel N.V.: Company Overview, 2021
Table 143: AkzoNobel N.V.: Product Portfolio
Table 144: AkzoNobel N.V.: Recent Developments
Table 145: Ashland Global Holdings Inc.: Company Overview, 2021
Table 146: Ashland Global Holdings Inc.: Product Portfolio
Table 147: Ashland Global Holdings Inc.: Recent Developments
Table 148: AXALTA Coating Systems Ltd.: Company Overview, 2021
Table 149: AXALTA Coating Systems Ltd.: Product Portfolio
Table 150: AXALTA Coating Systems Ltd.: Recent Developments
Table 151: BASF SE: Company Overview, 2021
Table 152: BASF SE: Product Portfolio
Table 153: BASF SE: Recent Developments
Table 154: Diamond Vogel: Company Overview, 2021
Table 155: Diamond Vogel: Product Portfolio
Table 156: Diamond Vogel: Recent Developments
Table 157: Frimpeks: Company Overview, 2021
Table 158: Frimpeks: Product Portfolio
Table 159: ICA Group: Company Overview, 2021
Table 160: ICA Group: Product Portfolio
Table 161: ICA Group: Recent Developments
Table 162: Liquiguard Technologies Inc.: Company Overview, 2021
Table 163: Liquiguard Technologies Inc.: Product Portfolio
Table 164: Milesi: Company Overview, 2021
Table 165: Milesi: Product Portfolio
Table 166: Milesi: Recent Developments
Table 167: PPG Industries Inc.: Company Overview, 2021
Table 168: PPG Industries Inc.: Product Portfolio
Table 169: PPG Industries Inc.: Recent Developments
Table 170: RPM International: Company Overview, 2020
Table 171: RPM International: Product Portfolio
Table 172: RPM International: Recent Developments
Table 173: Sansin Corp.: Company Overview, 2021
Table 174: Sansin Corp.: Product Portfolio
Table 175: Sansin Corp.: Recent Developments
Table 176: The Sherwin-Williams Co.: Company Overview, 2021
Table 177: The Sherwin-Williams Co.: Product Portfolio
Table 178: The Sherwin-Williams Co.: Recent Developments
Table 179: Willamette Valley Co.: Company Overview, 2021
Table 180: Willamette Valley Co.: Product Portfolio
Table 181: Acronyms Used in This Report
List of Figures
Figure A: Research Methodology: Top-Down Approach
Summary Figure: Global Market for Wood Coatings, by Region, 2021-2027
Figure 1: Value Chain for Wood Coatings
Figure 2: Seasonally Adjusted Annual Rate of Residential Private Construction in the U.S., November 2021-March 2022
Figure 3: U.S. Market Shares of Wood Coatings, by Technology Type, 2021
Figure 4: European Market Shares of Wood Coatings, by Technology Type, 2021
Figure 5: Chinese Market Shares of Wood Coatings, by Technology Type, 2021
Figure 6: Survey Results of People Undertaking DIY Projects During the Pandemic in the U.S.
Figure 7: COVID-19 Impact on the Wood Coatings Market
Figure 8: Global Furniture Market, 2019 and 2020
Figure 9: Crude Oil Prices, December 2021 to March 2022
Figure 10: Global Market Shares of Wood Coatings, by Product Type, 2021
Figure 11: Sales Distribution of China’s Woodware Coatings, by Type, 2020
Figure 12: Global Market Shares of Wood Varnishes, by End-Use Application, 2021
Figure 13: Global Market Shares of Wood Varnishes, by Technology, 2021
Figure 14: Global Market Shares of Wood Varnishes, by Region, 2021
Figure 15: Global Market Shares of Wood Shellac, by End-Use Application, 2021
Figure 16: Global Market Shares of Wood Shellac, by Technology, 2021
Figure 17: Global Market Shares of Wood Shellac, by Region, 2021
Figure 18: Global Market Shares of Preservatives and Dyes Used in Wood Coatings, by End-Use Application, 2021
Figure 19: Global Market Shares of Preservatives and Dyes Used in Wood Coatings, by Technology, 2021
Figure 20: Global Market Shares of Preservatives and Dyes Used in Wood Coatings, by Region, 2021
Figure 21: Global Market Shares of Repellents Used in Wood Coatings, by End-Use Application, 2021
Figure 22: Global Market Shares of Repellents Used in Wood Coatings, by Technology, 2021
Figure 23: Global Market Shares of Repellents Used in Wood Coatings, by Region, 2021
Figure 24: Global Market Shares of Wood Lacquer, by End-Use Application, 2021
Figure 25: Global Market Shares of Wood Lacquer, by Technology, 2021
Figure 26: Global Market Shares of Wood Lacquer, by Region, 2021
Figure 27: Global Market Shares of Wood Stain, by End-Use Application, 2021
Figure 28: Global Market Shares of Wood Stain, by Technology, 2021
Figure 29: Global Market Shares of Wood Stain, by Region, 2021
Figure 30: Global Market Shares of Other Types of Wood Coatings, by End-Use Application, 2021
Figure 31: Global Market Shares of Other Types of Wood Coatings, by Technology, 2021
Figure 32: Global Market Shares of Other Types of Wood Coatings, by Region, 2021
Figure 33: Global Market Shares of Wood Coatings, by Technology, 2021
Figure 34: Global Market Shares of Wood Coating Sprays, by Product Type, 2021
Figure 35: Global Market Shares of Wood Coating Sprays, by End-Use Application, 2021
Figure 36: Global Market Shares of Wood Coating Sprays, by Region, 2021
Figure 37: Global Market Shares of Non-spray Wood Coatings, by Product Type, 2021
Figure 38: Global Market Shares of Non-spray Wood Coatings, by End-Use Application, 2021
Figure 39: Global Market Shares of Non-spray Wood Coatings, by Region, 2021
Figure 40: Global Market Shares of Wood Coatings, by Application, 2021
Figure 41: Global Market Shares of Wood Coatings in Flooring and Decking, by Region, 2021
Figure 42: Global Market Shares of Wood Coatings in Sports Equipment, by Region, 2021
Figure 43: Global Market Shares of Wood Coatings in Automotive Interiors, by Region, 2021
Figure 44: Global Market Shares of Wood Coatings for Ship Interiors, by Region, 2021
Figure 45: Global Market Shares of Wood Coatings for Exterior Fencing, by Region, 2021
Figure 46: Global Market Shares of Wood Coatings for Handcrafts, by Region, 2021
Figure 47: Global Market Shares of Wood Coatings for Furniture, by Region, 2021
Figure 48: Global Market Shares of Wood Coatings for Cabinets, by Region, 2021
Figure 49: Global Market Shares of Wood Coatings for Other Products, by Region, 2021
Figure 50: Global Market Shares of Wood Coatings, by Region, 2021
Figure 51: North America Market Shares of Wood Coatings, by Product Type, 2021
Figure 52: North America Market Shares of Wood Coatings, by Technology, 2021
Figure 53: North America Market Shares of Wood Coatings, by Application, 2021
Figure 54: North America Market Shares of Wood Coatings, by Country, 2021
Figure 55: European Market Shares of Wood Coatings, by Product Type, 2021
Figure 56: European Market Shares of Wood Coatings, by Technology, 2021
Figure 57: European Market Shares of Wood Coatings, by Application, 2021
Figure 58: European Market Shares of Wood Coatings, by Country, 2021
Figure 59: Asia-Pacific Market Shares of Wood Coatings, by Product Type, 2021
Figure 60: Asia-Pacific Market Shares of Wood Coatings, by Technology, 2021
Figure 61: Asia-Pacific Market Shares of Wood Coatings, by Application, 2021
Figure 62: Asia-Pacific Market Shares of Wood Coatings, by Country, 2021
Figure 63: Rest of the World Market Shares of Wood Coatings, by Product Type, 2021
Figure 64: Rest of the World Market Shares of Wood Coatings, by Technology, 2021
Figure 65: Rest of the World Market Shares of Wood Coatings, by Application, 2021
Figure 66: Rest of the World Market Shares of Wood Coatings, by Country, 2021
Figure 67: Global Patent Shares of Wood Coating Technologies, by Region, 2021
Figure 68: Global Market Shares of Wood Coatings, by Company, 2021
Figure 69: Arkema: Revenue, 2020 and 2021
Figure 70: Arkema: R&D Expenditures, 2020 and 2021
Figure 71: Arkema: Revenue Share, by Segment, 2021
Figure 72: AkzoNobel N.V.: Company Revenue, 2020 and 2021
Figure 73: AkzoNobel N.V.: Revenue Share, by Segment, 2021
Figure 74: AkzoNobel N.V.: Revenue Share, by Region, 2021
Figure 75: Ashland Global Holdings Inc.: Company Revenue, 2020 and 2021
Figure 76: Ashland Global Holdings Inc.: R&D Expenditures, 2020 and 2021
Figure 77: Ashland Global Holdings Inc.: Revenue Share, by Segments, 2021
Figure 78: Ashland Global Holdings Inc.: Revenue Share, by Region, 2021
Figure 79: AXALTA Coating Systems Ltd.: Company Revenue, 2020 and 2021
Figure 80: AXALTA Coating Systems Ltd.: R&D Expenditures, 2020 and 2021
Figure 81: AXALTA Coating Systems Ltd.: Revenue Share, by Segment, 2021
Figure 82: AXALTA Coating Systems Ltd.: Revenue Share, by Region, 2021
Figure 83: BASF SE: Company Revenue, 2020 and 2021
Figure 84: BASF SE: R&D Expenditure, 2020 and 2021
Figure 85: BASF SE: Revenue Share, by Segment, 2021
Figure 86: BASF SE: Revenue Share, by Region, 2021
Figure 87: PPG Industries Inc.: Company Revenue, 2020 and 2021
Figure 88: PPG Industries Inc.: R&D Expenditures, 2020 and 2021
Figure 89: PPG Industries Inc.: Revenue Share, by Segment, 2021
Figure 90: PPG Industries Inc.: Revenue Share, by Region, 2021
Figure 91: RPM International: Company Revenue, 2019 and 2020
Figure 92: RPM International: R&D Expenditures, 2019 and 2020
Figure 93: RPM International: Revenue Share, by Segment, 2020
Figure 94: RPM International: Revenue Share, by Region, 2020
Figure 95: The Sherwin-Williams Co.: Company Revenue, 2020 and 2021
Figure 96: The Sherwin-Williams Co.: Revenue Share, by Segment, 2021

FEATURED COMPANIES

  • Akzonobel N.V.
  • Basf Se
  • Frimpeks
  • Milesi
  • Rpm International Inc.
  • The Sherwin-Williams Co.
Wood has been used for many centuries in household and commercial applications. Woods are used to enhance the aesthetic beauty of buildings, ships and vehicles. Wood’s durability is the key factor for its wide range of applications. There are two types of woods: hardwood and softwood. Beech, oak and mahogany are examples of hardwoods,whereas redwood, firand pine are examples of softwoods. Hardwoods are used to manufacture furniture, and softwoods are used to manufacture stud partitions, external fences, doors, and roof trusses. Both hardwoods and softwoods can be used for wooden flooring. Hardwoods are more expensive than softwoods. Both wood types have differentiated features and beauty. Wood grains also differ by wood type. Every wooden structure is coated with transparent or stain coatings to enhance the color and grains of the timber. Coatings are therefore essential and are used according to the applications of those structures by their manufacturers. The coating also enhances a product’s life. Ultraviolet (UV)-retardant and moisture-resistant coatings are the most demanding features of wood coating solutions.

Varnishes, shellacs, preservatives, dyes, repellents, and lacquers are the most common types of products used for coating wooden surfaces. Distinguishing features and durability drive the demand for such products. Coatings are applied with the help of a wide range of tools and equipment, the demand for which is expected to increase further with the increase in demand for wood coats and wood items. Various coating techniques, such as conventional spray, high-volume low-pressure (HVLP) spray, airless spray, and electrostatic spray, are the prevailing spraying solutions used by wood product manufacturers. The demand for wood surface coating techniques (e.g., rollers, brush, vacuum, curtain) is further expected to rise with the increase in demand for wood products. Differentiated coating techniques are applied based on the size, shape and complexity of the product surface. The types of coating products to be applied depend on the exposure of the surface. Interior or exterior applications of wood products determine the types of the coating to be applied.

The demand for wood coating solutions is directly related to the demand for wood products, as those coating solutions have been developed for application solely on wooden surfaces. The rise in demand for household and commercial buildings is expected to create a demand for wood products, including for furniture, cabinets, flooring, and decking, which in turn is expected to drive the global wood coating technology market during the forecast period. The demand for passenger and cruise ships is further expected to rise due to the increasing amount of disposable income among the global population, which is expected to drive tourists to pursue a wide variety of traveling experiences. In 2022, there are many new cruise ships scheduled to set sail. Many of these have amore modern interior and décor, moving away from the conventional appearance of older cruise ships to a more fashionable design. The goal of such a design is to attract a younger population. This evolution is necessary for making cruise businesses more resilient in the future by drawing the next generation of cruise tourists. According to a recent survey, 37% of Generation Z and millennials plan to travel internationally this year. In comparison, only 22% of those aged 35 and above expressed the same view, indicating that the younger generation may be more likely to travel. In addition, cruising is also becoming increasingly popular among younger adults. The number of Gen Z and millennial respondents that generally take a cruise holiday climbed from17% to 21% worldwide, showing shifts in consumer choices.
  • Arkema
  • Akzonobel N.V.
  • Ashland Global Holdings Inc.
  • Axalta Coating Systems Ltd.
  • Basf Se
  • Diamond Vogel
  • Frimpeks
  • Ica Group
  • Liquiguard Technologies Inc.
  • Milesi
  • Ppg Industries Inc.
  • Rpm International Inc.
  • Sansin Corp.
  • The Sherwin-Williams Co.
  • Willamette Valley