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Wood Paints & Coatings Market, by Resin Type, by Product Type, by Technology, by Application, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2027

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    Report

  • 140 Pages
  • August 2021
  • Region: Global
  • Coherent Market Insights Pvt Ltd.
  • ID: 5417322
Wood paints & coatings is applied after the wood surface is stained and prepared. The process of applying coating to a finished wood product is known as wood finishing. Finishing is the last step of the production process and provides desirable characteristics such as moisture and heat resistance, increased durability, and enhanced appearance to the wood surface. Finishing also helps keep the end-product sanitized and easier to maintain.



Market Dynamics


The rise in the construction industry has known to favor the growth of the global wood paints & coatings market in the coming years with the rise in the urbanization and higher standard of living. The rising disposable income and increasing spending capacity has been another factor that has been contributing to the expansion of the construction industry that is further estimated to favor the global wood paints & coatings market growth in the coming years. For instance, according to a report submitted by World Bank, the GDP at Purchasing Power Parity (PPP) in Indonesia was US$ 12,301 in 2019.

Growth of the furniture trade in various countries has been estimated to contribute to the rising demand for the wood paints and coatings. Additionally, higher standard of living, rising disposable income, and increasing spending capacity has been augmenting the target market growth across the globe. For instance, according to the South Africa Reserve Bank, the consumer spending in South Africa increased from US$ 127,669.3 Mn in the third quarter of 2020 to US$ 129,990.7 Mn in the fourth quarter of 2020. With the growth of the trading of furniture industry, the wood paints and coatings market is expected to witness high growth over the forecast period. Apart from this, the rising industrialization has also led to the rising demand for wood paints and coatings across the globe. Other factors such as the rise in tourism and increasing investments in the infrastructure are also expected to contribute to the growth of the global wood paints and coatings market.

Moreover, key players are focusing on various strategies such as mergers and collaborations. For instance, in December 2018, Rust-Oleum, a subsidiary of RPM International, Inc. acquired Siamons International Inc., a provider of non-toxic specialty mold cleaners.

Key features of the study:

  • This report provides in-depth analysis of global wood paints & coatings market, and provides market size (US$ Million & Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2021-2027), considering 2020 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global wood paints & coatings market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include BASF SE, Arkema SA, Ashland Inc., RPM International Inc., Hempel A/S, AkzoNobel N.V., Premium Coatings, Chemicals Pvt. Ltd., Nippon Paint Co. Ltd., and Axalta Coatings Systems.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
  • The global wood paints & coatings market report caters to various stakeholders in this industry including investors, suppliers, wood paints & coatings manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global wood paints & coatings market

Detailed Segmentation:


Global Wood Paints & Coatings Market, By Resin Type:

  • Acrylic
  • Nitrocellulose
  • Epoxy
  • Polyester
  • Polyurethane
  • Others

Global Wood Paints & Coatings Market, By Product Type:

  • Stains & Varnishes
  • Shellac
  • Wood Preservatives
  • Water Repellants
  • Others

Global Wood Paints & Coatings Market, By Technology:

  • Water Borne
  • Solvent Borne
  • UV Cured

Global Wood Paints & Coatings Market, By Application:

  • Furnitures & Fixtures
  • Doors & Windows
  • Cabinets
  • Flooring & Decking
  • Others

Global Wood Paints & Coatings Market, By Region:

  • North America
  • By Country
  • U.S.
  • Canada
  • Europe
  • By Country
  • U.K.
  • Germany
  • Italy
  • France
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • By Country
  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • Australia
  • Rest of Asia Pacific
  • Latin America

By Country:

  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • By Sub-Region
  • Middle East
  • Africa

Company Profiles

  • BASF SE*
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
  • Arkema SA
  • Ashland Inc.
  • RPM International Inc.
  • Hempel A/S
  • AkzoNobel N.V.
  • Premium Coatings
  • Chemicals Pvt. Ltd.
  • Nippon Paint Co. Ltd.
  • Axalta Coatings Systems
“*” marked represents similar segmentation in other categories in the respective section.
Frequently Asked Questions about the Wood Paints & Coatings Market

What is the estimated value of the Wood Paints & Coatings Market?

The Wood Paints & Coatings Market was estimated to be valued at $8130.39 Million in 2020.

What is the growth rate of the Wood Paints & Coatings Market?

The growth rate of the Wood Paints & Coatings Market is 6.1%, with an estimated value of $12342.11 Million by 2027.

What is the forecasted size of the Wood Paints & Coatings Market?

The Wood Paints & Coatings Market is estimated to be worth $12342.11 Million by 2027.

Who are the key companies in the Wood Paints & Coatings Market?

Key companies in the Wood Paints & Coatings Market include BASF SE, Arkema SA, Ashland Inc., RPM International Inc., Hempel A/S, AkzoNobel N.V., Premium Coatings, Chemicals Pvt. Ltd. and Axalta Coatings Systems.

Table of Contents

1. Research Objectives and Assumptions
  • Research Objectives
  • Assumptions
  • Abbreviations

2. Market Purview
  • Report Description
  • Market Definition and Scope
  • Executive Summary
  • Market Snippet, By Resin Type
  • Market Snippet, By Product Type
  • Market Snippet, By Technology
  • Market Snippet, By Application
  • Market Snippet, By Region
  • Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis
  • Market Dynamics
  • Drivers
  • Restraints
  • PEST Analysis
  • PORTER’s Five Forces Analysis
  • Market Opportunities
  • Regulatory Scenario
  • Industry Trend
  • Mergers and Acquisitions

4. Global Wood Paints & Coatings Market - Impact of Coronavirus (Covid-19) Pandemic
  • Overview
  • Factors Affecting Global Wood Paints & Coatings Market - COVID-19
  • Impact Analysis

5. Global Wood Paints & Coatings Market, By Resin Type, 2017- 2027 (US$ Mn & KT)
  • Introduction
  • Market Share Analysis, 2020, 2023 and 2027 (%)
  • Y-o-Y Growth Analysis, 2021 - 2027
  • Segment Trends
  • Acrylic
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & KT)
  • Nitrocellulose
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & KT)
  • Epoxy
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & KT)
  • Polyester
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & KT)
  • Polyurethane
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & KT)
  • Others
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & KT)

6. Global Wood Paints & Coatings Market, By Product Type, 2017- 2027 (US$ Mn & KT)
  • Introduction
  • Market Share Analysis, 2020, 2023 and 2027 (%)
  • Y-o-Y Growth Analysis, 2021 - 2027
  • Segment Trends
  • Stains & Varnishes
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & KT)
  • Shellac
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & KT)
  • Wood Preservatives
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & KT)
  • Water Repellants
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & KT)
  • Others
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & KT)

7. Global Wood Paints & Coatings Market, By Technology, 2017- 2027 (US$ Mn & KT)
  • Introduction
  • Market Share Analysis, 2020, 2023 and 2027 (%)
  • Y-o-Y Growth Analysis, 2021 - 2027
  • Segment Trends
  • Water Borne
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & KT)
  • Solvent Borne
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & KT)
  • UV Cured
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & KT)

8. Global Wood Paints & Coatings Market, By Application, 2017- 2027 (US$ Mn & KT)
  • Introduction
  • Market Share Analysis, 2020, 2023 and 2027 (%)
  • Y-o-Y Growth Analysis, 2021 - 2027
  • Segment Trends
  • Furnitures & Fixtures
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & KT)
  • Doors & Windows
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & KT)
  • Cabinets
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & KT)
  • Flooring & Decking
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & KT)
  • Others
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2027, (US$ Mn & KT)

9. Global Wood Paints & Coatings Market, By Region, 2017- 2027 (US$ Mn & KT)
  • Introduction
  • Market Share Analysis, By Region, 2020, 2022 and 2027 (%)
  • Y-o-Y Growth Analysis, For Regions, 2021 - 2027
  • North America
  • Market Share Analysis, By Country, 2020, 2022 and 2027 (%)
  • Y-o-Y Growth Analysis, By Country, 2021 - 2027
  • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
  • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
  • Market Size and Forecast, By Technology, 2017- 2027 (US$ Mn & KT)
  • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
  • Countries
  • U.S.
  • Canada
  • Latin America
  • Market Share Analysis, By Country, 2020, 2022 and 2027 (%)
  • Y-o-Y Growth Analysis, By Country, 2021 - 2027
  • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
  • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
  • Market Size and Forecast, By Technology, 2017- 2027 (US$ Mn & KT)
  • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
  • Countries
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Market Share Analysis, By Country, 2020, 2022 and 2027 (%)
  • Y-o-Y Growth Analysis, By Country, 2021 - 2027
  • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
  • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
  • Market Size and Forecast, By Technology, 2017- 2027 (US$ Mn & KT)
  • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
  • Countries
  • U.K.
  • Germany
  • Italy
  • France
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • Market Share Analysis, By Country, 2020, 2022 and 2027 (%)
  • Y-o-Y Growth Analysis, By Country, 2021 - 2027
  • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
  • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
  • Market Size and Forecast, By Technology, 2017- 2027 (US$ Mn & KT)
  • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
  • Countries
  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • Australia
  • Rest of Asia Pacific
  • Middle East & Africa
  • Market Share Analysis, By Sub-Region, 2020, 2022 and 2027 (%)
  • Y-o-Y Growth Analysis, By Sub-Region, 2021 - 2027
  • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
  • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Mn & KT)
  • Market Size and Forecast, By Technology, 2017- 2027 (US$ Mn & KT)
  • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
  • Sub Regions
  • Middle East
  • Africa

10. Competitive Landscape
  • Market Share Analysis
  • Company Profiles
  • BASF SE
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Ashland Inc.
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • RPM International Inc.
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Hempel A/S
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • AkzoNobel N.V.
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Premium Coatings
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Chemicals Pvt. Ltd.
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Nippon Paint Co. Ltd.
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Axalta Coatings Systems
  • Company Overview
  • Component Portfolio
  • Financial Performance
  • Recent Developments/Updates

11. Section
  • References
  • Research Methodology
  • About us and Sales Contact

Companies Mentioned

A selection of companies mentioned in this report includes:

  • BASF SE
  • Arkema SA
  • Ashland Inc.
  • RPM International Inc.
  • Hempel A/S
  • AkzoNobel N.V.
  • Premium Coatings
  • Chemicals Pvt. Ltd.
  • Nippon Paint Co. Ltd.
  • Axalta Coatings Systems