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Wood Coating Market by Coating Type, Resin Type, Formulating Technology, Application, and Region 2023-2028

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    Report

  • 145 Pages
  • January 2023
  • Region: Global
  • IMARC Group
  • ID: 5732357

Quick Summary:

In an industry where durability and aesthetics are paramount, the global wood coating market is a vital sector to both commercial and residential sectors. Wood coating plays an indispensable role in ensuring the longevity and allure of wooden structures, serving as a first line of defense against environmental elements such as moisture, scratches, and dirt. By filling in pores that could serve as breeding grounds for potentially harmful pathogens, wood coatings also contribute a significant health and hygienic advantage.

With the rapid urbanization, inflating income levels, and improving standards of living across the globe, the demand for wooden furniture and structures has escalated. This surge has been amplified by ongoing construction, remodeling, and renovation activities in both private and public sectors. Moreover, developments in the real estate, travel and tourism, and hospitality industries, coupled with increasing migration towards co-living, guest houses, and other shared accommodations, are generating an optimistic outlook for the wood coating market. Furthermore, the proliferation of both online and offline points of sale facilitates easy access to wood crafts and coating products, fortifying market growth. An emerging preference towards eco-friendly solutions presents another driver of market growth, with leading sector players focusing on debuting water-based and environmentally-friendly wood coatings.

The global wood coating market size reached US$ 9.9 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 13.9 Billion by 2028, exhibiting a CAGR of 5.82% during 2022-2028.

Wood coating is used to protect, refine, and refurnish structures made using wood. It includes filler, sealer, groove coat, primer, stain, basecoats, ink, and mixtures, such as methyl ethyl ketone, methyl isobutyl ketone, naphtha, and glycol ethers. It helps safeguard wooden doors, fences, boards, frameworks, garden and street furniture, furnishing accessories, and traditional flooring from environmental factors, such as moisture, scratches, and dirt. Wood coating helps in sealing pores that can be breeding grounds for pathogens, such as bacteria, viruses, and fungi. As a result, the demand for wood coating is significantly increasing across residential and commercial sectors.

Wood Coating Market Trends:

Rapid urbanization, inflating income levels, and improving standards of living are driving the demand for wooden furniture for numerous purposes, such as sleeping, dining, seating, decoration, and storage. In addition, the growing global population and rising construction, remodeling, and renovation activities in residential places are creating a positive outlook for the market. Significant growth in the real estate, travel and tourism, and hospitality sectors, along with the increasing number of hotels, restaurants, hospitals, shopping malls, and other commercial spaces, is also catalyzing the demand for wooden furniture and decorative items with premium finishing. This, coupled with the expansion of public and private organizations and the emerging trend of relocating to new locations, hostels, co-living, guest houses, and official premises, is bolstering the market growth. Furthermore, the easy availability of wood crafts and coating products across offline and online shopping platforms is strengthening the market growth. Moreover, leading market players are focusing on introducing water-based and eco-friendly wood coatings, which is expected to drive the market in the coming years.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global wood coating market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on coating type, resin type, formulating technology and application.

Breakup by Coating Type:

  • Stains and Varnishes
  • Shellac Coating
  • Wood Preservatives
  • Water Repellents
  • Others

Breakup by Resin Type:

  • Acrylic
  • Nitrocellulose
  • Polyester
  • Polyurethane
  • Others

Breakup by Formulating Technology:

  • Solvent-Borne
  • Water-Borne
  • UV-Cured
  • Others

Breakup by Application:

  • Furniture
  • Cabinets
  • Siding
  • Flooring
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., Axalta Coating Systems Ltd., BASF SE, Brillux GmbH & Company KG, Diamond Vogel Paint Company, Eastman Chemical Company, IVM S.R.L., Kansai Nerolac Paints Limited (Kansai Paint Co. Ltd.), Nippon Paint (India) Private Limited, PPG Industries Inc., RPM International Inc., Sirca Paints India Limited, Stahl Holdings B.V., Teknos Group Oy and Valspar Corporation (Sherwin-Williams Company). Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

  • How has the global wood coating market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global wood coating market?
  • What are the key regional markets?
  • What is the breakup of the market based on the coating type?
  • What is the breakup of the market based on the resin type?
  • What is the breakup of the market based on the formulating technology?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global wood coating market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Wood Coating Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Coating Type
6.1 Stains and Varnishes
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Shellac Coating
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Wood Preservatives
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Water Repellents
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast

7 Market Breakup by Resin Type
7.1 Acrylic
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Nitrocellulose
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Polyester
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Polyurethane
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast

8 Market Breakup by Formulating Technology
8.1 Solvent-Borne
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Water-Borne
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 UV-Cured
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast

9 Market Breakup by Application
9.1 Furniture
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Cabinets
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Siding
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Flooring
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast

10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast

11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Akzo Nobel N.V.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Axalta Coating Systems Ltd.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 BASF SE
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Brillux GmbH & Company KG
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Diamond Vogel Paint Company
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Eastman Chemical Company
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 IVM S.R.L.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Kansai Nerolac Paints Limited (Kansai Paint Co. Ltd.)
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Nippon Paint (India) Private Limited
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 PPG Industries Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 RPM International Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Sirca Paints India Limited
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.13 Stahl Holdings B.V.
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.14 Teknos Group Oy
15.3.14.1 Company Overview
15.3.14.2 Product Portfolio
15.3.15 Valspar Corporation (Sherwin-Williams Company)
15.3.15.1 Company Overview
15.3.15.2 Product Portfolio
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report

List of Figures
Figure 1: Global: Wood Coating Market: Major Drivers and Challenges
Figure 2: Global: Wood Coating Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Wood Coating Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Wood Coating Market: Breakup by Coating Type (in %), 2022
Figure 5: Global: Wood Coating Market: Breakup by Resin Type (in %), 2022
Figure 6: Global: Wood Coating Market: Breakup by Formulating Technology (in %), 2022
Figure 7: Global: Wood Coating Market: Breakup by Application (in %), 2022
Figure 8: Global: Wood Coating Market: Breakup by Region (in %), 2022
Figure 9: Global: Wood Coating (Stains and Varnishes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Wood Coating (Stains and Varnishes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Wood Coating (Shellac Coating) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Wood Coating (Shellac Coating) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Wood Coating (Wood Preservatives) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Wood Coating (Wood Preservatives) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Wood Coating (Water Repellents) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Wood Coating (Water Repellents) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Wood Coating (Other Coating Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Wood Coating (Other Coating Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Wood Coating (Acrylic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Wood Coating (Acrylic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Wood Coating (Nitrocellulose) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Wood Coating (Nitrocellulose) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Wood Coating (Polyester) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Wood Coating (Polyester) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Wood Coating (Polyurethane) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Wood Coating (Polyurethane) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Wood Coating (Other Resin Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Wood Coating (Other Resin Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Wood Coating (Solvent-Borne) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Wood Coating (Solvent-Borne) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Wood Coating (Water-Borne) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Wood Coating (Water-Borne) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Wood Coating (UV-Cured) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Wood Coating (UV-Cured) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Wood Coating (Other Formulating Technologies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Wood Coating (Other Formulating Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Wood Coating (Furniture) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Wood Coating (Furniture) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Wood Coating (Cabinets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Wood Coating (Cabinets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Wood Coating (Siding) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Wood Coating (Siding) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Wood Coating (Flooring) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Wood Coating (Flooring) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Wood Coating (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Wood Coating (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: North America: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: North America: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: United States: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: United States: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Canada: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Canada: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Asia-Pacific: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Asia-Pacific: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: China: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: China: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Japan: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Japan: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: India: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: India: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: South Korea: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: South Korea: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Australia: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Australia: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Indonesia: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Indonesia: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Europe: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Europe: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Germany: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Germany: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: France: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: France: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: United Kingdom: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: United Kingdom: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Italy: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Italy: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Spain: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Spain: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Russia: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Russia: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Latin America: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Latin America: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Brazil: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Brazil: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Mexico: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Mexico: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Others: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Others: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Middle East and Africa: Wood Coating Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Middle East and Africa: Wood Coating Market: Breakup by Country (in %), 2022
Figure 95: Middle East and Africa: Wood Coating Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 96: Global: Wood Coating Industry: SWOT Analysis
Figure 97: Global: Wood Coating Industry: Value Chain Analysis
Figure 98: Global: Wood Coating Industry: Porter's Five Forces Analysis

List of Tables
Table 1: Global: Wood Coating Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Wood Coating Market Forecast: Breakup by Coating Type (in Million US$), 2023-2028
Table 3: Global: Wood Coating Market Forecast: Breakup by Resin Type (in Million US$), 2023-2028
Table 4: Global: Wood Coating Market Forecast: Breakup by Formulating Technology (in Million US$), 2023-2028
Table 5: Global: Wood Coating Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Wood Coating Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Wood Coating Market: Competitive Structure
Table 8: Global: Wood Coating Market: Key Players

Companies Mentioned

  • Akzo Nobel N.V.
  • Axalta Coating Systems Ltd.
  • BASF SE
  • Brillux GmbH & Company KG
  • Diamond Vogel Paint Company
  • Eastman Chemical Company
  • IVM S.R.L.
  • Kansai Nerolac Paints Limited (Kansai Paint Co. Ltd.)
  • Nippon Paint (India) Private Limited
  • PPG Industries Inc.
  • RPM International Inc.
  • Sirca Paints India Limited
  • Stahl Holdings B.V.
  • Teknos Group Oy
  • Valspar Corporation (Sherwin-Williams Company).

Methodology

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