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North America 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

  • 112 Pages
  • December 2022
  • Region: North America
  • GMD Research
  • ID: 5712787
North America wood coating market is projected to grow by 4.9% annually in the forecast period and reach $2,047.5 million by 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 24 tables and 57 figures, this 112-page report “North America 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 North America 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 North America 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 North America 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 North America 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 North America 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 North America 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 North America 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 Application, the North America 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:

  • U.S.
  • Canada
  • Mexico
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 North American Wood Coating Market

What is the estimated value of the North American Wood Coating Market?

The North American Wood Coating Market was estimated to be valued at $1265.1 Million in 2021.

What is the growth rate of the North American Wood Coating Market?

The growth rate of the North American Wood Coating Market is 4.9%, with an estimated value of $2047.5 Million by 2031.

What is the forecasted size of the North American Wood Coating Market?

The North American Wood Coating Market is estimated to be worth $2047.5 Million by 2031.

Who are the key companies in the North American Wood Coating Market?

Key companies in the North American 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 North America 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 North America 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 North America 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 North America 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 North America 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 North America Market 2021-2031 by Country
8.1 Overview of North America Market
8.2 U.S.
8.3 Canada
8.4 Mexico
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 North America 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 North America Wood Coating Market
Table 5. North America Wood Coating Market by Formulation, 2021-2031, $ mn
Table 6. North America Wood Coating Market by Material Type, 2021-2031, $ mn
Table 7. North America Wood Coating Market by Coating Type, 2021-2031, $ mn
Table 8. North America Wood Coating Market by Technology, 2021-2031, $ mn
Table 9. North America Wood Coating Market: Spraying Coatings by Type, 2021-2031, $ mn
Table 10. North America Wood Coating Market: Non-Spraying Coatings by Type, 2021-2031, $ mn
Table 11. North America Wood Coating Market by Application, 2021-2031, $ mn
Table 12. North America Wood Coating Market by Country, 2021-2031, $ mn
Table 13. U.S. Wood Coating Market by Formulation, 2021-2031, $ mn
Table 14. U.S. Wood Coating Market by Coating Type, 2021-2031, $ mn
Table 15. U.S. Wood Coating Market by Application, 2021-2031, $ mn
Table 16. Canada Wood Coating Market by Formulation, 2021-2031, $ mn
Table 17. Canada Wood Coating Market by Coating Type, 2021-2031, $ mn
Table 18. Canada Wood Coating Market by Application, 2021-2031, $ mn
Table 19. Mexico Wood Coating Market by Formulation, 2021-2031, $ mn
Table 20. Mexico Wood Coating Market by Coating Type, 2021-2031, $ mn
Table 21. Mexico Wood Coating Market by Application, 2021-2031, $ mn
Table 22. AkzoNobel N.V: Company Snapshot
Table 23. AkzoNobel N.V: Business Segmentation
Table 24. 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. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031
Figure 4. North America Wood Coating Market, 2021-2031, $ mn
Figure 5. Impact of COVID-19 on Business
Figure 6. Primary Drivers and Impact Factors of North America 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 North America Wood Coating Market
Figure 10. Investment Opportunity Analysis
Figure 11. Porter’s Fiver Forces Analysis of North America Wood Coating Market
Figure 12. Breakdown of North America Wood Coating Market by Formulation, 2021-2031, % of Revenue
Figure 13. North America Addressable Market Cap in 2022-2031 by Formulation, Value ($ mn) and Share (%)
Figure 14. North America Wood Coating Market by Formulation: Solvent-Borne, 2021-2031, $ mn
Figure 15. North America Wood Coating Market by Formulation: Water-Borne, 2021-2031, $ mn
Figure 16. North America Wood Coating Market by Formulation: High Solid, 2021-2031, $ mn
Figure 17. North America Wood Coating Market by Formulation: Powder-Borne, 2021-2031, $ mn
Figure 18. North America Wood Coating Market by Formulation: UV-Cured, 2021-2031, $ mn
Figure 19. Breakdown of North America Wood Coating Market by Material Type, 2021-2031, % of Sales Revenue
Figure 20. North America Addressable Market Cap in 2022-2031 by Material Type, Value ($ mn) and Share (%)
Figure 21. North America Wood Coating Market by Material Type: Polyurethane, 2021-2031, $ mn
Figure 22. North America Wood Coating Market by Material Type: Acrylic, 2021-2031, $ mn
Figure 23. North America Wood Coating Market by Material Type: Melamine-formaldehyde, 2021-2031, $ mn
Figure 24. North America Wood Coating Market by Material Type: Nitrocellulose, 2021-2031, $ mn
Figure 25. North America Wood Coating Market by Material Type: Other Material Types, 2021-2031, $ mn
Figure 26. Breakdown of North America Wood Coating Market by Coating Type, 2021-2031, % of Sales Revenue
Figure 27. North America Addressable Market Cap in 2022-2031 by Coating Type, Value ($ mn) and Share (%)
Figure 28. North America Wood Coating Market by Coating Type: Stain & Varnishes, 2021-2031, $ mn
Figure 29. North America Wood Coating Market by Coating Type: Wood Preservatives, 2021-2031, $ mn
Figure 30. North America Wood Coating Market by Coating Type: Shellacs, 2021-2031, $ mn
Figure 31. North America Wood Coating Market by Coating Type: Water Repellants, 2021-2031, $ mn
Figure 32. North America Wood Coating Market by Coating Type: Other Coating Types, 2021-2031, $ mn
Figure 33. Breakdown of North America Wood Coating Market by Technology, 2021-2031, % of Revenue
Figure 34. North America Addressable Market Cap in 2022-2031 by Technology, Value ($ mn) and Share (%)
Figure 35. North America Wood Coating Market by Technology: Spraying Coatings, 2021-2031, $ mn
Figure 36. North America Wood Coating Market by Spraying Coatings: Conventional Spraying, 2021-2031, $ mn
Figure 37. North America Wood Coating Market by Spraying Coatings: High-Volume Low-Pressure Spraying, 2021-2031, $ mn
Figure 38. North America Wood Coating Market by Spraying Coatings: Electrostatic Spraying, 2021-2031, $ mn
Figure 39. North America Wood Coating Market by Spraying Coatings: Airless Spraying, 2021-2031, $ mn
Figure 40. North America Wood Coating Market by Technology: Non-Spray Coatings, 2021-2031, $ mn
Figure 41. North America Wood Coating Market by Non-Spray Coatings: Rollers, 2021-2031, $ mn
Figure 42. North America Wood Coating Market by Non-Spray Coatings: Brushes, 2021-2031, $ mn
Figure 43. North America Wood Coating Market by Non-Spray Coatings: Vacuums, 2021-2031, $ mn
Figure 44. North America Wood Coating Market by Non-Spray Coatings: Curtaining, 2021-2031, $ mn
Figure 45. Breakdown of North America Wood Coating Market by Application, 2021-2031, % of Revenue
Figure 46. North America Addressable Market Cap in 2022-2031 by Application, Value ($ mn) and Share (%)
Figure 47. North America Wood Coating Market by Application: Furniture and Cabinetry, 2021-2031, $ mn
Figure 48. North America Wood Coating Market by Application: Paneling & Doors, 2021-2031, $ mn
Figure 49. North America Wood Coating Market by Application: Siding, 2021-2031, $ mn
Figure 50. North America Wood Coating Market by Application: Flooring, 2021-2031, $ mn
Figure 51. North America Wood Coating Market by Application: Other Applications, 2021-2031, $ mn
Figure 52. Breakdown of North America Wood Coating Market by Country, 2021 and 2031, % of Revenue
Figure 53. Contribution to North America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 54. U.S. Wood Coating Market, 2021-2031, $ mn
Figure 55. Canada Wood Coating Market, 2021-2031, $ mn
Figure 56. Wood Coating Market in Mexico, 2021-2031, $ mn
Figure 57. Growth Stage of North America Wood Coating Industry over the Forecast Period

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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