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Europe Wood Coatings Market by Resin Type, Technology and Application: Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4990149
  • Report
  • December 2019
  • Region: Europe
  • 520 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Akzo Nobel N.V.
  • Axalta Coatings Systems
  • BASF SE
  • Eastman Chemical Company
  • Jotun
  • Kansai Paint Co. Ltd.
  • MORE
The Europe wood coatings market was valued at $2.4 billion in 2018, and is projected to reach $3.9 billion by 2026, growing at a CAGR of 6.0% from 2019 to 2026. Wood coatings are chemical formulations generally used for wood processing. These coatings provide the superior quality on the wood surface and are used for variety of purposes, which include better hygiene, stabilization, and decoration of wood. These coatings are widely used for enhancing wood’s shelf life and aesthetic value. They are used in various industries such as food packaging industry, building & infrastructure, furniture, and others.

Growth of the building & construction industry is one of the important factors that drives the growth of the Europe wood coating market. Rise in construction activities across the Europe fuels the demand of the wood coatings. German government is now focusing on modernization of existing infrastructure and has laid down a new federal transport plan that is likely to be the biggest investment program on infrastructure in the world. This huge investment for infrastructure modernization is expected to propel the Europe wood coating market. Wood coating can be employed on large scale as it is the most efficient, cost-effective, and environmentally friendly coating. Furthermore, increase in disposable income of consumers and rise in standard of living fuel the demand for modern furniture such as chairs, tables, shelves, bed frames, cupboards, and chests of drawers across the Europe. This is further expected to drive the demand for wood coatings.

However, stringent environmental regulation imposed by the European government & other regulatory bodies on the use of volatile organic compounds (VOC) in the production of wood coating is expected to hamper the growth of the Europe wood coatings market. This is attributed to the fact that increased use of VOCs in the production of wood coatings has harmful impact on the environment.

In addition, volatile raw material prices restrain the growth of the market. On the other hand, advancement in coatings technology and a surge in use of radiation cure coatings are some of the factors that provide lucrative opportunities for the growth of the Europe wood coating market.

The Europe wood coatings market is segmented on the basis of resin type, technology, application, and country. Depending on resin type, the market is classified into polyurethane, nitrocellulose, acrylic, unsaturated polyester, and others. By technology, it is fragmented into waterborne, solvent borne, high solid solvent borne, powder coating, radiation cured, and others. As per application, it is segregated into furniture, joinery, flooring, and others. By country, it is analyzed across Germany, France, Italy, Spain, the UK, Slovakia, Belarus, Ukraine, Estonia, Lithuania, Latvia, Belgium, Czech Republic, Poland, Austria, Slovenia, Hungary, Russia, Switzerland, the Netherland, and Rest of Europe.

The major key players operating in the Europe wood coatings industry include Akzo Nobel N.V., Axalta Coatings Systems, BASF SE, Jotun, Eastman Chemical Company, Kansai Paint Co., Ltd., Wendel Group, PPG Industries Inc., Tikkurila OYJ, and Teknos Group.

KEY BENEFITS FOR STAKEHOLDERS
  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current trends and future estimations of the market from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets.
  • The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and opportunities and their detailed impact analysis are elucidated in the study.
  • The profiles of key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS

By Resin Type
  • Polyurethane
  • Nitrocellulose
  • Acrylic
  • Unsaturated Polyester
  • Others
By Technology
  • Waterborne
  • Conventional Solid Solvent Borne
  • High Solid Solvent Borne
  • Powder Coating
  • Radiation Cured
  • Others
By Application
  • Furniture
  • Joinery
  • Flooring
  • Others
By Country
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Slovakia
  • Belarus
  • Ukraine
  • Estonia
  • Lithuania
  • Latvia
  • Belgium
  • Czech Rep.
  • Poland
  • Austria
  • Slovenia
  • Hungary
  • Russia
  • Switzerland
  • Netherland
  • Rest of Europe
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Akzo Nobel N.V.
  • Axalta Coatings Systems
  • BASF SE
  • Eastman Chemical Company
  • Jotun
  • Kansai Paint Co. Ltd.
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models

Chapter 2: Executive Summary
2.1. Key Findings of The Study
2.2. Key Findings
2.2.1. Top Investment Pockets
2.3. CXO Perspective

Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Parent Market Overview
3.3. Key Forces Shaping The Wood Coating Market
3.4. Pricing Analysis
3.4.1. Pricing Analysis, By Resin Type, 2018 & 2026
3.4.2. Pricing Analysis, By Technology, 2018 & 2026
3.4.3. Pricing Analysis, By End-Use, 2018 & 2026
3.4.4. Pricing Analysis, By Region, 2018 & 2026
3.5. Value Chain Analysis
3.6. Impact of Government Regulations On Global Wood Coatings Market
3.7. Patent Analysis
3.7.1. By Region, (2012–-2018)
3.8. Market Dynamics
3.8.1. Drivers
3.8.1.1. Surge In Construction Activities
3.8.1.2. Surge In Demand For Furniture & Joinery
3.8.2. Restraints
3.8.2.1. Volatility In Raw Materials Cost & Availability
3.8.2.2. Harmful Impact of Vocs Present In The Coatings
3.8.3. Opportunities
3.8.3.1. Advancements In Coatings Technology
3.8.3.2. Surge In Use of Radiation Cure Coatings

Chapter 4: Europe Wood Coatings Market, By Resin Type
4.1. Overview
4.1.1. Market Size And Forecast
4.2. Polyurethane
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis, By Country
4.3. Acrylic
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Country
4.3.3. Market Analysis, By Country
4.4. Nitrocellulose
4.4.1. Key Market Trends, Growth Factors, And Opportunities
4.4.2. Market Size And Forecast, By Region
4.4.3. Market Analysis, By Country
4.5. Unsaturated Polyester
4.5.1. Key Market Trends, Growth Factors, And Opportunities
4.5.2. Market Size And Forecast, By Region
4.5.3. Market Analysis, By Country
4.6. Others
4.6.1. Key Market Trends, Growth Factors, And Opportunities
4.6.2. Market Size And Forecast, By Region
4.6.3. Market Analysis, By Country

Chapter 5: Europe Wood Coatings Market, By Technology
5.1. Overview
5.1.1. Market Size And Forecast
5.2. Waterborne
5.2.1. Key Market Trends, Growth Factors, And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis, By Country
5.3. Conventional Solid Solvent Borne
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast, By Country
5.3.3. Market Analysis, By Country
5.4. High Solid Solvent Borne
5.4.1. Key Market Trends, Growth Factors, And Opportunities
5.4.2. Market Size And Forecast, By Region
5.4.3. Market Analysis, By Country
5.5. Powder Coating
5.5.1. Key Market Trends, Growth Factors, And Opportunities
5.5.2. Market Size And Forecast, By Region
5.5.3. Market Analysis, By Country
5.6. Radiation Cured
5.6.1. Key Market Trends, Growth Factors, And Opportunities
5.6.2. Market Size And Forecast, By Region
5.6.3. Market Analysis, By Country
5.7. Others
5.7.1. Key Market Trends, Growth Factors, And Opportunities
5.7.2. Market Size And Forecast, By Region
5.7.3. Market Analysis, By Country

Chapter 6: Europe Wood Coatings Market, By Application
6.1. Overview
6.1.1. Market Size And Forecast
6.2. Furniture
6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size And Forecast, By Region
6.2.3. Market Analysis, By Country
6.2.4. Market Size And Forecast, By Type
6.2.4.1. Windows
6.2.4.1.1. Key Market Trends, Growth Factors, And Opportunities
6.2.4.1.2. Market Size And Forecast, By Country
6.2.4.1.3. Market Analysis, By Country
6.2.4.2. Internal Doors
6.2.4.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.4.2.2. Market Size And Forecast, By Country
6.2.4.2.3. Market Analysis, By Country
6.2.4.3. External Doors
6.2.4.3.1. Key Market Trends, Growth Factors, And Opportunities
6.2.4.3.2. Market Size And Forecast, By Country
6.2.4.3.3. Market Analysis, By Country
6.2.4.4. Others
6.2.4.4.1. Key Market Trends, Growth Factors, And Opportunities
6.2.4.4.2. Market Size And Forecast, By Country
6.2.4.4.3. Market Analysis, By Country
6.3. Joinery
6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By Region
6.3.3. Market Analysis, By Country
6.4. Flooring
6.4.1. Key Market Trends, Growth Factors, And Opportunities
6.4.2. Market Size And Forecast, By Region
6.4.3. Market Analysis, By Country
6.5. Others
6.5.1. Key Market Trends, Growth Factors, And Opportunities
6.5.2. Market Size And Forecast, By Region
6.5.3. Market Analysis, By Country

Chapter 7: Europe Wood Coating Market, By Country
7.1. Overview
7.2. Europe
7.2.1. Key Market Trends, Growth Factors, And Opportunities
7.2.2. Market Size And Forecast, By Resin Type
7.2.3. Market Size And Forecast, By Technology
7.2.4. Market Size And Forecast, By End-Use
7.2.5. Market Share Analysis, By Country
7.2.6. Germany
7.2.6.1. Market Size And Forecast, By Resin Type
7.2.6.2. Market Size And Forecast, By Technology
7.2.6.3. Market Size And Forecast, By End-Use
7.2.7. France
7.2.7.1. Market Size And Forecast, By Resin Type
7.2.7.2. Market Size And Forecast, By Technology
7.2.7.3. Market Size And Forecast, By End-Use
7.2.8. Italy
7.2.8.1. Market Size And Forecast, By Resin Type
7.2.8.2. Market Size And Forecast, By Technology
7.2.8.3. Market Size And Forecast, By End-Use
7.2.9. Spain
7.2.9.1. Market Size And Forecast, By Resin Type
7.2.9.2. Market Size And Forecast, By Technology
7.2.9.3. Market Size And Forecast, By End-Use
7.2.10. UK
7.2.10.1. Market Size And Forecast, By Resin Type
7.2.10.2. Market Size And Forecast, By Technology
7.2.10.3. Market Size And Forecast, By End-Use
7.2.11. Slovakia
7.2.11.1. Market Size And Forecast, By Resin Type
7.2.11.2. Market Size And Forecast, By Technology
7.2.11.3. Market Size And Forecast, By End-Use
7.2.12. Belarus
7.2.12.1. Market Size And Forecast, By Resin Type
7.2.12.2. Market Size And Forecast, By Technology
7.2.12.3. Market Size And Forecast, By End-Use
7.2.13. UKraine
7.2.13.1. Market Size And Forecast, By Resin Type
7.2.13.2. Market Size And Forecast, By Technology
7.2.13.3. Market Size And Forecast, By End-Use
7.2.14. Estonia
7.2.14.1. Market Size And Forecast, By Resin Type
7.2.14.2. Market Size And Forecast, By Technology
7.2.14.3. Market Size And Forecast, By End-Use
7.2.15. Lithuania
7.2.15.1. Market Size And Forecast, By Resin Type
7.2.15.2. Market Size And Forecast, By Technology
7.2.15.3. Market Size And Forecast, By End-Use
7.2.16. Latvia
7.2.16.1. Market Size And Forecast, By Resin Type
7.2.16.2. Market Size And Forecast, By Technology
7.2.16.3. Market Size And Forecast, By End-Use
7.2.17. Belgium
7.2.17.1. Market Size And Forecast, By Resin Type
7.2.17.2. Market Size And Forecast, By Technology
7.2.17.3. Market Size And Forecast, By End-Use
7.2.18. Czech Republic
7.2.18.1. Market Size And Forecast, By Resin Type
7.2.18.2. Market Size And Forecast, By Technology
7.2.18.3. Market Size And Forecast, By End-Use
7.2.19. Poland
7.2.19.1. Market Size And Forecast, By Resin Type
7.2.19.2. Market Size And Forecast, By Technology
7.2.19.3. Market Size And Forecast, By End-Use
7.2.20. Austria
7.2.20.1. Market Size And Forecast, By Resin Type
7.2.20.2. Market Size And Forecast, By Technology
7.2.20.3. Market Size And Forecast, By End-Use
7.2.21. Slovenia
7.2.21.1. Market Size And Forecast, By Resin Type
7.2.21.2. Market Size And Forecast, By Technology
7.2.21.3. Market Size And Forecast, By End-Use
7.2.22. Hungary
7.2.22.1. Market Size And Forecast, By Resin Type
7.2.22.2. Market Size And Forecast, By Technology
7.2.22.3. Market Size And Forecast, By End-Use
7.2.23. Russia
7.2.23.1. Market Size And Forecast, By Resin Type
7.2.23.2. Market Size And Forecast, By Technology
7.2.23.3. Market Size And Forecast, By End-Use
7.2.24. Switzerland
7.2.24.1. Market Size And Forecast, By Resin Type
7.2.24.2. Market Size And Forecast, By Technology
7.2.24.3. Market Size And Forecast, By End-Use
7.2.25. Netherland
7.2.25.1. Market Size And Forecast, By Resin Type
7.2.25.2. Market Size And Forecast, By Technology
7.2.25.3. Market Size And Forecast, By End-Use
7.2.26. Rest of Europe
7.2.26.1. Market Size And Forecast, By Resin Type
7.2.26.2. Market Size And Forecast, By Technology
7.2.26.3. Market Size And Forecast, By End-Use

Chapter 8: Competitive Landscape
8.1. Introduction
8.1.1. Market Player Positioning, 2018
8.2. Top Winning Strategies
8.2.1. Top Winning Strategies, By Year
8.2.2. Top Winning Strategies, By Development
8.2.3. Top Winning Strategies, By Company
8.3. Product Mapping of Top 10 Player
8.4. Competitive Heatmap
8.5. Key Developments
8.5.1. Investment
8.5.2. Acquisitions
8.5.3. Business Expansion
8.5.4. Product Launch
8.6. Other Key Players Profile
8.6.1. Key Player Snapshot

Chapter 9: Company Profiles
9.1. Akzo Nobel N.V.
9.1.1. Company Overview
9.1.2. Company Snapshot
9.1.3. Operating Business Segments
9.1.4. Product Portfolio
9.1.5. R&D Expenditure
9.1.6. Business Performance
9.1.7. Key Strategic Moves And Developments
9.2. Axalta Coating Systems
9.2.1. Company Overview
9.2.2. Company Snapshot
9.2.3. Operating Business Segments
9.2.4. Product Portfolio
9.2.5. R&D Expenditure
9.2.6. Business Performance
9.2.7. Key Strategic Moves And Developments
9.3. Basf Se
9.3.1. Company Overview
9.3.2. Company Snapshot
9.3.3. Operating Business Segments
9.3.4. Product Portfolio
9.3.5. R&D Expenditure
9.3.6. Business Performance
9.3.7. Key Strategic Moves And Developments
9.4. Jotun
9.4.1. Company Overview
9.4.2. Company Snapshot
9.4.3. Operating Business Segments
9.4.4. Product Portfolio
9.4.5. R&D Expenditure
9.4.6. Business Performance
9.4.7. Key Strategic Moves And Developments
9.5. Eastman Chemical Company
9.5.1. Company Overview
9.5.2. Company Snapshot
9.5.3. Operating Business Segments
9.5.4. Product Portfolio
9.5.5. R&D Expenditure
9.5.6. Business Performance
9.6. Kansai Paint Co., Ltd.
9.6.1. Company Overview
9.6.2. Company Snapshot
9.6.3. Operating Business Segments
9.6.4. Product Portfolio
9.6.5. R&D Expenditure
9.6.6. Business Performance
9.6.7. Key Strategic Moves And Developments
9.7. Wendel Group
9.7.1. Company Overview
9.7.2. Company Snapshot
9.7.3. Product Portfolio
9.7.4. Business Performance
9.8. Ppg Industries Inc.
9.8.1. Company Overview
9.8.2. Company Snapshot
9.8.3. Operating Business Segments
9.8.4. Product Portfolio
9.8.5. R&D Expenditure
9.8.6. Business Performance
9.8.7. Key Strategic Moves And Developments
9.9. Tikkurila Oyj
9.9.1. Company Overview
9.9.2. Company Snapshot
9.9.3. Operating Business Segments
9.9.4. Product Portfolio
9.9.5. R&D Expenditure
9.9.6. Business Performance
9.10. Teknos Group
9.10.1. Company Overview
9.10.2. Company Snapshot
9.10.3. Product Portfolio
9.10.4. Business Performance
9.10.5. Key Strategic Moves And Developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Akzo Nobel N.V.
  • Axalta Coatings Systems
  • BASF SE
  • Eastman Chemical Company
  • Jotun
  • Kansai Paint Co. Ltd.
  • MORE
According to the report titled, 'Europe Wood Coatings Market: Opportunity Analysis and Industry Forecast, 2019-2026', the Europe wood coatings market was valued at $2.4 billion in 2018, and is projected to reach $3.9 billion by 2026, growing at a CAGR of 6.0% from 2019 to 2026.

Wood coating is widely used to protect the wooden surface from moisture, water damage, and scratch, and enhances the shelf life of wood. Wood coatings are translucent paints, which provide aesthetic look to the wood used for the residential and commercial purpose. Wood coatings are used for both interior as well as exterior application. The exterior wood coating improves the durability, protect the wood from humid climate, and increases resistance toward termite attacks.

In addition, increase in purchasing power of consumers across the Europe is one of the key factors that supplement the growth of the Europe wood coating market. Furthermore, the people are expected to make long-term investments rather than spending on perishable and consumable goods due to rise in purchasing power. These long-term investments include buying real estate, increased expenditure on furniture, and preventive maintenance activities such as coating and painting for long lasting durability. Moreover, increase in new construction activities, a surge in remodeling and renovations, and growth in urbanized population across the Europe are expected to drive the growth of the Europe wood coatings market.

Based on resin type, the Europe wood coatings market is segmented into polyurethane, nitrocellulose, acrylic, unsaturated polyester, and others. The polyurethane is widely used as a resin in wood coating due to its versatility and exceptional physical and chemical properties. It is used in manufacturing hard surface topcoats and is considered as high-performance coating that offers vibrant color, gloss retention, and resistance to abrasion from chemicals.

Based on technology, the market is segmented into waterborne, conventional solid solvent borne, high solid solvent borne, powder coating, radiation cured, and others. The conventional solid solvent-borne wood coatings have higher demand, owing to their low price and quick drying characteristics. The low price of these coatings is attributed to easy availability of hydrocarbon solvent base, as it is derived from crude oil. All these factors together significantly contribute toward the Europe wood coatings market growth.

Based on application, the market is segmented into furniture, joinery, flooring, and others. Wood coatings are used to protect the wood furniture from humid environmental conditions and chemical attack. The increase in demand for antique furniture especially French windows, carved doors, and other such furniture is expected to boost the growth of the Europe wood coatings market.

By country, the market is analyzed across Europe. Germany emerges as a regional leader in wood coatings market due to an increase in demand for wood coatings, owing to development of the construction industry and increase in users of furniture. This factor is expected to an increase the Europe wood coatings market size from 2019 to 2026.

Key Findings of the Europe Wood Coatings Market:

The Germany wood coatings market is projected to grow at a highest CAGR of nearly 17.4%, in terms of revenue, during the forecast period.
The polyurethane resin is expected to dominate the market, garnering a share of 42.2%, during the forecast period.
Furniture application dominated the Europe wood coatings market with a revenue share of over 57.4% in 2018.
The conventional solid solvent borne is expected to dominate the market, garnering a Europe wood coatings market share of 29.7%, during the forecast period.
The key players operating in the Europe wood coatings industry include Akzo Nobel N.V., Axalta Coatings Systems, BASF SE, Jotun, Eastman Chemical Company, Kansai Paint Co., Ltd., Wendel Group, PPG Industries Inc., Tikkurila OYJ, and Teknos Group.
Note: Product cover images may vary from those shown
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  • Akzo Nobel N.V.
  • Axalta Coatings Systems
  • BASF SE
  • Jotun
  • Eastman Chemical Company
  • Kansai Paint Co. Ltd.
  • Wendel Group
  • PPG Industries Inc.
  • Tikkurila OYJ
  • Teknos Group.
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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