Wood Coating Market Report 2026

The wood coating market size has grown strongly in recent years. It will grow from $12.28 billion in 2025 to $13.26 billion in 2026 at a compound annual growth rate (CAGR) of 8%. The growth in the historic period can be attributed to growth of furniture industry, expansion of housing construction, increasing wood product usage, availability of coating technologies, rising demand for aesthetic finishes.

The wood coating market size is expected to see strong growth in the next few years. It will grow to $18.38 billion in 2030 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to growth in eco friendly coatings, rising residential renovation activities, advancements in coating formulations, increasing demand for durable finishes, expansion of modular furniture. Major trends in the forecast period include growing demand for water borne wood coatings, increasing use in furniture finishing, rising adoption of protective coatings, expansion of decorative wood applications, rising focus on durable surface protection.

The rising trend in renovation and remodeling activities is expected to drive the growth of the wood coating market going forward. Renovation and remodeling involve upgrading, repairing, modernizing, or modifying existing residential or commercial properties to enhance aesthetics, durability, or functionality. This activity is increasing as households and businesses invest more in repairing aging structures, improving energy efficiency, and upgrading interior finishes. The wood coating market benefits from this trend because coatings are essential for protecting and beautifying wooden floors, cabinetry, furniture, and other interior wood features. For example, in September 2024, the UK Office for National Statistics (ONS), a government statistical authority, reported that monthly repair and maintenance output reached £2.75 billion ($3.5 billion) in July 2024, up from £2.65 billion ($3.4 billion) in July 2023, demonstrating year-over-year growth in renovation expenditures. Therefore, increasing renovation and remodeling activity is contributing to the expansion of the wood coating market.

Major companies in the wood coating market are advancing sustainability by developing waterborne wood coatings that minimize environmental impact. Waterborne wood coatings use water as the main solvent, reducing the reliance on volatile organic compounds (VOCs) and providing a more environmentally friendly alternative to traditional solvent-based finishes. For example, in August 2024, Axalta, a U.S.-based paint and coatings manufacturer, introduced Cerulean, a new line of waterborne industrial wood coatings. This product range succeeds the earlier Zenith coatings and is designed to deliver the luxurious finish associated with solvent-based formulas while offering the environmental benefits of low-VOC technology.

In February 2025, Gemini Industries Inc., a U.S.-based wood coatings manufacturer, acquired Diamond Vogel’s Industrial Wood business for an undisclosed amount. This acquisition enables Gemini to expand its product portfolio and strengthen its market presence by integrating a well-established line of industrial wood coatings. Diamond Vogel’s Industrial Wood division specialized in producing waterborne clear and opaque coatings, along with other finishing solutions used in industrial wood applications.

Major companies operating in the wood coating market are BASF SE, The Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., Sika AG, Nippon Paint Holdings Co Ltd., MAS Paints Group, RPM International Inc., Axalta Coating Systems Ltd., Cabot Corporation, The Valspar Corporation, Kansai Paint Co Ltd., Jotun A/S, Hempel A/S, Berger Paints India Limited, Benjamin Moore & Co Inc., Rust-Oleum Corporation, Tikkurila Oyj, Brillux GmbH & Co KG, Teknos Group Oyj, National Paints Factories Co Ltd., Ritver Paints & Coatings, Everbuild Building Products Ltd., KAPCI Coating Pvt Ltd., Caparol AG, Eliokem Inc.

Asia-Pacific was the largest region in the wood coating market in 2025. Asia-Pacific is expected to be the fastest-growing region in the wood coating market report during the forecast period. The regions covered in the wood coating market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wood coating market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The wood coating market consists of sales of penetrating finishes and surface finishes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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