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Asia Pacific Wood Coating Market 2021-2031 by Formulation, Material Type, Coating Type, Technology, Application, and Country: Trend Forecast and Growth Opportunity

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    Report

  • 119 Pages
  • December 2022
  • Region: Asia Pacific
  • GMD Research
  • ID: 5712785
Asia Pacific wood coating will grow by 6.4% annually with a total addressable market cap of $66,086.3 million over 2022-2031, driven by the advantages and superior properties of wood coatings, the increasing demand for furniture and wooden products due to rising construction and remodeling activities, the advancement in coatings technology, the rapid increase in disposable income of consumers, and the emerging concept of smart home.

Highlighted with 31 tables and 60 figures, this 119-page report “Asia Pacific Wood Coating Market 2021-2031 by Formulation (Solvent-Borne, Water-Borne, High Solid, Powder-Borne, UV-Cured), Material Type (Polyurethane, Acrylic, Melamine-formaldehyde, Nitrocellulose), Coating Type (Stain & Varnishes, Wood Preservatives, Shellacs, Water Repellants), Technology (Spraying, Non-Spray), Application (Furniture and Cabinetry, Paneling & Doors, Siding, Flooring, Others), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific wood coating market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

  • Market Structure
  • Growth Drivers
  • Restraints and Challenges
  • Emerging Product Trends & Market Opportunities
  • Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific wood coating market in every aspect of the classification from perspectives of Formulation, Material Type, Coating Type, Technology, Application, and Country.

Based on Formulation, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

  • Solvent-Borne
  • Water-Borne
  • High Solid
  • Powder-Borne
  • UV-Cured

Based on Material Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

  • Polyurethane
  • Acrylic
  • Melamine-formaldehyde
  • Nitrocellulose
  • Other Material Types

By Coating Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

  • Stain & Varnishes
  • Wood Preservatives
  • Shellacs
  • Water Repellants
  • Other Coating Types

By Technology, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

Spraying Coatings

  • Conventional Spraying
  • High-Volume Low-Pressure Spraying
  • Electrostatic Spraying
  • Airless Spraying

Non-Spray Coatings

  • Rollers
  • Brushes
  • Vacuums
  • Curtaining

By T Application, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

  • Furniture and Cabinetry
  • Paneling & Doors
  • Siding
  • Flooring
  • Other Applications

Geographically, the following national/local markets are fully investigated:

  • Japan
  • China
  • South Korea
  • Australia
  • India
  • Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of national markets by Formulation, Coating Type and Application over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

  • AkzoNobel N.V
  • Arkema SA
  • Axalta Coating Systems
  • BASF SE
  • Kansai Paint Co., Ltd.
  • Lonza Group Ltd.
  • Nippon Paint Co., Ltd.
  • PPG Industries Inc.
  • RPM International Inc.
  • Sherwin-Williams Company
  • Sirca SPA
  • Teknos Group
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Frequently Asked Questions about the Asian Pacific Wood Coating Market

What is the estimated value of the Asian Pacific Wood Coating Market?

The Asian Pacific Wood Coating Market was estimated to be valued at $4629.3 Million in 2021.

What is the growth rate of the Asian Pacific Wood Coating Market?

The growth rate of the Asian Pacific Wood Coating Market is 6.4%, with an estimated value of $8629.4 Million by 2031.

What is the forecasted size of the Asian Pacific Wood Coating Market?

The Asian Pacific Wood Coating Market is estimated to be worth $8629.4 Million by 2031.

Who are the key companies in the Asian Pacific Wood Coating Market?

Key companies in the Asian Pacific Wood Coating Market include AkzoNobel N.V, Arkema SA, Axalta Coating Systems, BASF SE, Kansai Paint Co., Ltd., Lonza Group Ltd., Nippon Paint Co., Ltd., PPG Industries Inc. and Sherwin.

Table of Contents

1 Introduction
1.1 Industry Definition and Research Scope
1.1.1 Industry Definition
1.1.2 Research Scope
1.2 Research Methodology
1.2.1 Overview of Market Research Methodology
1.2.2 Market Assumption
1.2.3 Secondary Data
1.2.4 Primary Data
1.2.5 Data Filtration and Model Design
1.2.6 Market Size/Share Estimation
1.2.7 Research Limitations
1.3 Executive Summary
2 Market Overview and Dynamics
2.1 Market Size and Forecast
2.1.1 Impact of COVID-19 on World Economy
2.1.2 Impact of COVID-19 on the Market
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter’s Fiver Forces Analysis
3 Segmentation of Asia Pacific Market by Formulation
3.1 Market Overview by Formulation
3.2 Solvent-Borne
3.3 Water-Borne
3.4 High Solid
3.5 Powder-Borne
3.6 UV-Cured
4 Segmentation of Asia Pacific Market by Material Type
4.1 Market Overview by Material Type
4.2 Polyurethane
4.3 Acrylic
4.4 Melamine-formaldehyde
4.5 Nitrocellulose
4.6 Other Material Types
5 Segmentation of Asia Pacific Market by Coating Type
5.1 Market Overview by Coating Type
5.2 Stain & Varnishes
5.3 Wood Preservatives
5.4 Shellacs
5.5 Water Repellants
5.6 Other Coating Types
6 Segmentation of Asia Pacific Market by Technology
6.1 Market Overview by Technology
6.2 Spraying Coatings
6.2.1 Conventional Spraying
6.2.2 High-Volume Low-Pressure Spraying
6.2.3 Electrostatic Spraying
6.2.4 Airless Spraying
6.3 Non-Spray Coatings
6.3.1 Rollers
6.3.2 Brushes
6.3.3 Vacuums
6.3.4 Curtaining
7 Segmentation of Asia Pacific Market by Application
7.1 Market Overview by Application
7.2 Furniture and Cabinetry
7.3 Paneling & Doors
7.4 Siding
7.5 Flooring
7.6 Other Applications
8 Asia-Pacific Market 2021-2031 by Country
8.1 Overview of Asia-Pacific Market
8.2 Japan
8.3 China
8.4 Australia
8.5 India
8.6 South Korea
8.7 Rest of APAC Region
9 Competitive Landscape
9.1 Overview of Key Vendors
9.2 New Product Launch, Partnership, Investment, and M&A
9.3 Company Profiles
  • AkzoNobel N.V
  • Arkema SA
  • Axalta Coating Systems
  • BASF SE
  • Kansai Paint Co., Ltd.
  • Lonza Group Ltd.
  • Nippon Paint Co., Ltd.
  • PPG Industries Inc.
  • RPM International Inc.
  • Sherwin-Williams Company
  • Sirca SPA
  • Teknos Group
List of Tables
Table 1. Snapshot of Asia Pacific Wood Coating Market in Balanced Perspective, 2021-2031
Table 2. World Economic Outlook, 2021-2031
Table 3. World Economic Outlook, 2021-2023
Table 4. Main Product Trends and Market Opportunities in Asia Pacific Wood Coating Market
Table 5. Asia Pacific Wood Coating Market by Formulation, 2021-2031, $ mn
Table 6. Asia Pacific Wood Coating Market by Material Type, 2021-2031, $ mn
Table 7. Asia Pacific Wood Coating Market by Coating Type, 2021-2031, $ mn
Table 8. Asia Pacific Wood Coating Market by Technology, 2021-2031, $ mn
Table 9. Asia Pacific Wood Coating Market: Spraying Coatings by Type, 2021-2031, $ mn
Table 10. Asia Pacific Wood Coating Market: Non-Spraying Coatings by Type, 2021-2031, $ mn
Table 11. Asia Pacific Wood Coating Market by Application, 2021-2031, $ mn
Table 12. APAC Wood Coating Market by Country, 2021-2031, $ mn
Table 13. Japan Wood Coating Market by Formulation, 2021-2031, $ mn
Table 14. Japan Wood Coating Market by Coating Type, 2021-2031, $ mn
Table 15. Japan Wood Coating Market by Application, 2021-2031, $ mn
Table 16. China Wood Coating Market by Formulation, 2021-2031, $ mn
Table 17. China Wood Coating Market by Coating Type, 2021-2031, $ mn
Table 18. China Wood Coating Market by Application, 2021-2031, $ mn
Table 19. Australia Wood Coating Market by Formulation, 2021-2031, $ mn
Table 20. Australia Wood Coating Market by Coating Type, 2021-2031, $ mn
Table 21. Australia Wood Coating Market by Application, 2021-2031, $ mn
Table 22. India Wood Coating Market by Formulation, 2021-2031, $ mn
Table 23. India Wood Coating Market by Coating Type, 2021-2031, $ mn
Table 24. India Wood Coating Market by Application, 2021-2031, $ mn
Table 25. South Korea Wood Coating Market by Formulation, 2021-2031, $ mn
Table 26. South Korea Wood Coating Market by Coating Type, 2021-2031, $ mn
Table 27. South Korea Wood Coating Market by Application, 2021-2031, $ mn
Table 28. Wood Coating Market in Rest of APAC by Country/Region, 2021-2031, $ mn
Table 29. AkzoNobel N.V: Company Snapshot
Table 30. AkzoNobel N.V: Business Segmentation
Table 31. AkzoNobel N.V: Product Portfolio
List of Figures
Figure 1. Research Method Flow Chart
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031
Figure 4. Asia Pacific Wood Coating Market, 2021-2031, $ mn
Figure 5. Impact of COVID-19 on Business
Figure 6. Primary Drivers and Impact Factors of Asia Pacific Wood Coating Market
Figure 7. Forecast of Middle-class Population by Region, 2015-2030, million
Figure 8. World Infrastructure and Natural Resources Fundraising by Region, 2010-2021, $ billion
Figure 9. Primary Restraints and Impact Factors of Asia Pacific Wood Coating Market
Figure 10. Investment Opportunity Analysis
Figure 11. Porter’s Fiver Forces Analysis of Asia Pacific Wood Coating Market
Figure 12. Breakdown of Asia Pacific Wood Coating Market by Formulation, 2021-2031, % of Revenue
Figure 13. Asia Pacific Addressable Market Cap in 2022-2031 by Formulation, Value ($ mn) and Share (%)
Figure 14. Asia Pacific Wood Coating Market by Formulation: Solvent-Borne, 2021-2031, $ mn
Figure 15. Asia Pacific Wood Coating Market by Formulation: Water-Borne, 2021-2031, $ mn
Figure 16. Asia Pacific Wood Coating Market by Formulation: High Solid, 2021-2031, $ mn
Figure 17. Asia Pacific Wood Coating Market by Formulation: Powder-Borne, 2021-2031, $ mn
Figure 18. Asia Pacific Wood Coating Market by Formulation: UV-Cured, 2021-2031, $ mn
Figure 19. Breakdown of Asia Pacific Wood Coating Market by Material Type, 2021-2031, % of Sales Revenue
Figure 20. Asia Pacific Addressable Market Cap in 2022-2031 by Material Type, Value ($ mn) and Share (%)
Figure 21. Asia Pacific Wood Coating Market by Material Type: Polyurethane, 2021-2031, $ mn
Figure 22. Asia Pacific Wood Coating Market by Material Type: Acrylic, 2021-2031, $ mn
Figure 23. Asia Pacific Wood Coating Market by Material Type: Melamine-formaldehyde, 2021-2031, $ mn
Figure 24. Asia Pacific Wood Coating Market by Material Type: Nitrocellulose, 2021-2031, $ mn
Figure 25. Asia Pacific Wood Coating Market by Material Type: Other Material Types, 2021-2031, $ mn
Figure 26. Breakdown of Asia Pacific Wood Coating Market by Coating Type, 2021-2031, % of Sales Revenue
Figure 27. Asia Pacific Addressable Market Cap in 2022-2031 by Coating Type, Value ($ mn) and Share (%)
Figure 28. Asia Pacific Wood Coating Market by Coating Type: Stain & Varnishes, 2021-2031, $ mn
Figure 29. Asia Pacific Wood Coating Market by Coating Type: Wood Preservatives, 2021-2031, $ mn
Figure 30. Asia Pacific Wood Coating Market by Coating Type: Shellacs, 2021-2031, $ mn
Figure 31. Asia Pacific Wood Coating Market by Coating Type: Water Repellants, 2021-2031, $ mn
Figure 32. Asia Pacific Wood Coating Market by Coating Type: Other Coating Types, 2021-2031, $ mn
Figure 33. Breakdown of Asia Pacific Wood Coating Market by Technology, 2021-2031, % of Revenue
Figure 34. Asia Pacific Addressable Market Cap in 2022-2031 by Technology, Value ($ mn) and Share (%)
Figure 35. Asia Pacific Wood Coating Market by Technology: Spraying Coatings, 2021-2031, $ mn
Figure 36. Asia Pacific Wood Coating Market by Spraying Coatings: Conventional Spraying, 2021-2031, $ mn
Figure 37. Asia Pacific Wood Coating Market by Spraying Coatings: High-Volume Low-Pressure Spraying, 2021-2031, $ mn
Figure 38. Asia Pacific Wood Coating Market by Spraying Coatings: Electrostatic Spraying, 2021-2031, $ mn
Figure 39. Asia Pacific Wood Coating Market by Spraying Coatings: Airless Spraying, 2021-2031, $ mn
Figure 40. Asia Pacific Wood Coating Market by Technology: Non-Spray Coatings, 2021-2031, $ mn
Figure 41. Asia Pacific Wood Coating Market by Non-Spray Coatings: Rollers, 2021-2031, $ mn
Figure 42. Asia Pacific Wood Coating Market by Non-Spray Coatings: Brushes, 2021-2031, $ mn
Figure 43. Asia Pacific Wood Coating Market by Non-Spray Coatings: Vacuums, 2021-2031, $ mn
Figure 44. Asia Pacific Wood Coating Market by Non-Spray Coatings: Curtaining, 2021-2031, $ mn
Figure 45. Breakdown of Asia Pacific Wood Coating Market by Application, 2021-2031, % of Revenue
Figure 46. Asia Pacific Addressable Market Cap in 2022-2031 by Application, Value ($ mn) and Share (%)
Figure 47. Asia Pacific Wood Coating Market by Application: Furniture and Cabinetry, 2021-2031, $ mn
Figure 48. Asia Pacific Wood Coating Market by Application: Paneling & Doors, 2021-2031, $ mn
Figure 49. Asia Pacific Wood Coating Market by Application: Siding, 2021-2031, $ mn
Figure 50. Asia Pacific Wood Coating Market by Application: Flooring, 2021-2031, $ mn
Figure 51. Asia Pacific Wood Coating Market by Application: Other Applications, 2021-2031, $ mn
Figure 52. Breakdown of APAC Wood Coating Market by Country, 2021 and 2031, % of Revenue
Figure 53. Contribution to APAC 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 54. Wood Coating Market in Japan, 2021-2031, $ mn
Figure 55. Wood Coating Market in China, 2021-2031, $ mn
Figure 56. Wood Coating Market in Australia, 2021-2031, $ mn
Figure 57. Wood Coating Market in India, 2021-2031, $ mn
Figure 58. Wood Coating Market in South Korea, 2021-2031, $ mn
Figure 59. Wood Coating Market in Rest of APAC, 2021-2031, $ mn
Figure 60. Growth Stage of Asia Pacific Wood Coating Industry over the Forecast Period 102

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AkzoNobel N.V
  • Arkema SA
  • Axalta Coating Systems
  • BASF SE
  • Kansai Paint Co., Ltd.
  • Lonza Group Ltd.
  • Nippon Paint Co., Ltd.
  • PPG Industries Inc.
  • RPM International Inc.
  • Sherwin-Williams Company
  • Sirca SPA
  • Teknos Group

Methodology

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