Market Summary
Research Methodology on Wood Coatings Market
1. Introduction
Wood coatings are a type of paint used on wood surfaces and furniture to protect, preserve and enhance its appearance. Wood coatings have a few advantages such as ease of application, excellent protection against environmental influences, and a wide variety of shades and finishes. The current study, "Global Wood Coatings Market-Forecast to 2030" aims to estimate the growth rate and the market value of the global wood coating market between the period of 2023 and 2030. This study will also provide insights regarding industry trends, emerging technologies, market drivers and restraints, and the competitive landscape. The market is segmented in terms of product type, technology, application, and region.
2. Research Approach
In order to develop this report, the Market Research Future (MRFR) research team used a combination of primary and secondary research techniques. The primary research techniques used involved surveys of key industry players, suppliers, and end-users to gather data and insights on industry trends. On the other hand, the secondary research techniques used involved a comprehensive search and analysis of both past and current data, industry publications, news, and articles related to the wood coating industry. The team also used industry whitepapers and reports, conferences, government publications and websites, and financial reports related to the wood coating industry.
3. Research Design and Data Collection Techniques
3.1. Research Design
The team utilized a Descriptive Research Design to formulate our research study. This design was commonly used to assess the market trend of the industry in order to gain insights into industry-specific conditions and contributing factors. This research design, therefore, allowed the team to estimate the market size and share.
3.2. Data Collection Techniques
To conduct the research, our team used both primary and secondary research data collection techniques.
The primary research dataset was collected through surveys and interviews with industry experts, manufacturers and other stakeholders involved with the global wood coatings market.
The secondary research dataset was collected through an extensive search and analysis of the aforementioned published papers, reports, and secondary data sources. Additionally, the team also used a combination of primary and secondary research methods to develop this report.
4. Key Research Findings
The report analyzes the market dynamics, drivers and restraints, competitive landscape, emerging trends, and a variety of industrial developments to provide the reader with an accurate and comprehensive understanding of the wood coating market.
Based on the research conducted, coatings are the most important factor in the Global Wood Coatings Market. The wide number of coatings available allows for greater finishing options, added protection and aesthetic appeal to surfaces. Acrylic coatings are the most dominant coatings, followed by alkyd, nitrocellulose, and polyurethane.
In terms of technology, the global wood coating market is segmented into solvent-based, water-based, powder, and UV-cured. Due to their durability and fast curing speed, UV-cured coatings are the fastest growing in this market.
The major drivers of this market are the rise of construction activities, changing lifestyle trends, and growing demand for eco-friendly coatings.
5. Data Analysis
Our research team utilized the data collected from the primary and secondary research to manage the analysis of the collected data. This data was further categorized and processed to obtain information in the form of charts, diagrams and tables. We made use of several analytical tools such as Porter's five forces analysis, SWOT analysis and PEST analysis to gain a better understanding of the market and the corresponding data.
We employed Porter's Five Forces Analysis to analyze market attractiveness, profitability, threats of new entrants, substitute products, and bargaining power of buyers and suppliers. This was accomplished by providing an analysis of the threats of each respective industry segment, along with the volatility of the global wood coatings market. This enabled us to analyze market attractiveness, and industry trends, and gain an understanding of market dynamics.
Finally, to analyse the data and estimate the market size and share, our team used several valuation methods such as bottom-up and top-down approaches. The bottom-up approach was used to estimate the total global market size. On the other hand, the top-down approach was used to estimate the split of the market into different categories, territories and applications.
6. Conclusion
This research study on the global wood coating market provides an insightful analysis of the trends and dynamics that are impacting the industry. Moreover, it also provides data and information about key segments and sub-segments and regional pricing information to enable manufacturers operating in the wood coating industry to gain the required insights to make informed decisions.
Market Size & Forecast
|
Report Attribute/Metric |
Details |
|
Market Size 2023 |
11.84 (USD Billion) |
|
Market Size 2024 |
12.29 (USD Billion) |
|
Market Size 2035 |
18.5 (USD Billion) |
|
Compound Annual Growth Rate (CAGR) |
3.79% (2025 - 2035) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
|
Base Year |
2024 |
|
Market Forecast Period |
2025 - 2035 |
|
Historical Data |
2019 - 2024 |
|
Market Forecast Units |
USD Billion |
|
Key Companies Profiled |
SherwinWilliams, Beckers Group, Nippon Paint, RPM International, Asian Paints, Axalta Coating Systems, Valspar, Benjamin Moore, Tikkurila, BASF, PPG Industries, Kansai Paint, AkzoNobel, Hempel |
|
Segments Covered |
Application, Product Type, Formulation, End Use, Regional |
|
Key Market Opportunities |
Sustainable product demand, Smart home technologies, Expansion in emerging markets, E-commerce growth for coatings, Innovative application techniques |
|
Key Market Dynamics |
growing demand for sustainable products, technological advancements in coatings, rising construction activities globally, increasing preference for aesthetic finishes, regulatory pressure for low-VOC emissions |
|
Countries Covered |
North America, Europe, APAC, South America, MEA |
Major Players
Wood Coatings Market Segmentation
-
Wood Coatings Market By Application (USD Billion, 2019-2035)
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
-
Wood Coatings Market By Product Type (USD Billion, 2019-2035)
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
-
Wood Coatings Market By Formulation (USD Billion, 2019-2035)
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
-
Wood Coatings Market By End Use (USD Billion, 2019-2035)
- Residential
- Commercial
- Industrial
-
Wood Coatings Market By Regional (USD Billion, 2019-2035)
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Wood Coatings Market Regional Outlook (USD Billion, 2019-2035)
- North America Outlook (USD Billion, 2019-2035)
- North America Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- North America Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- North America Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- North America Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- North America Wood Coatings Market by Regional Type
- US
- Canada
- US Outlook (USD Billion, 2019-2035)
- US Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- US Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- US Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- US Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- CANADA Outlook (USD Billion, 2019-2035)
- CANADA Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- CANADA Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- CANADA Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- CANADA Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- Europe Outlook (USD Billion, 2019-2035)
- Europe Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- Europe Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- Europe Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- Europe Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- Europe Wood Coatings Market by Regional Type
- Germany
- UK
- France
- Russia
- Italy
- Spain
- Rest of Europe
- GERMANY Outlook (USD Billion, 2019-2035)
- GERMANY Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- GERMANY Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- GERMANY Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- GERMANY Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- UK Outlook (USD Billion, 2019-2035)
- UK Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- UK Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- UK Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- UK Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- FRANCE Outlook (USD Billion, 2019-2035)
- FRANCE Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- FRANCE Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- FRANCE Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- FRANCE Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- RUSSIA Outlook (USD Billion, 2019-2035)
- RUSSIA Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- RUSSIA Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- RUSSIA Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- RUSSIA Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- ITALY Outlook (USD Billion, 2019-2035)
- ITALY Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- ITALY Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- ITALY Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- ITALY Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- SPAIN Outlook (USD Billion, 2019-2035)
- SPAIN Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- SPAIN Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- SPAIN Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- SPAIN Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- REST OF EUROPE Outlook (USD Billion, 2019-2035)
- REST OF EUROPE Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- REST OF EUROPE Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- REST OF EUROPE Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- REST OF EUROPE Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- APAC Outlook (USD Billion, 2019-2035)
- APAC Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- APAC Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- APAC Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- APAC Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- APAC Wood Coatings Market by Regional Type
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Indonesia
- Rest of APAC
- CHINA Outlook (USD Billion, 2019-2035)
- CHINA Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- CHINA Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- CHINA Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- CHINA Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- INDIA Outlook (USD Billion, 2019-2035)
- INDIA Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- INDIA Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- INDIA Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- INDIA Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- JAPAN Outlook (USD Billion, 2019-2035)
- JAPAN Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- JAPAN Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- JAPAN Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- JAPAN Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- SOUTH KOREA Outlook (USD Billion, 2019-2035)
- SOUTH KOREA Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- SOUTH KOREA Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- SOUTH KOREA Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- SOUTH KOREA Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- MALAYSIA Outlook (USD Billion, 2019-2035)
- MALAYSIA Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- MALAYSIA Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- MALAYSIA Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- MALAYSIA Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- THAILAND Outlook (USD Billion, 2019-2035)
- THAILAND Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- THAILAND Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- THAILAND Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- THAILAND Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- INDONESIA Outlook (USD Billion, 2019-2035)
- INDONESIA Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- INDONESIA Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- INDONESIA Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- INDONESIA Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- REST OF APAC Outlook (USD Billion, 2019-2035)
- REST OF APAC Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- REST OF APAC Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- REST OF APAC Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- REST OF APAC Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- South America Outlook (USD Billion, 2019-2035)
- South America Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- South America Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- South America Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- South America Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- South America Wood Coatings Market by Regional Type
- Brazil
- Mexico
- Argentina
- Rest of South America
- BRAZIL Outlook (USD Billion, 2019-2035)
- BRAZIL Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- BRAZIL Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- BRAZIL Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- BRAZIL Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- MEXICO Outlook (USD Billion, 2019-2035)
- MEXICO Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- MEXICO Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- MEXICO Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- MEXICO Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- ARGENTINA Outlook (USD Billion, 2019-2035)
- ARGENTINA Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- ARGENTINA Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- ARGENTINA Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- ARGENTINA Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- REST OF SOUTH AMERICA Outlook (USD Billion, 2019-2035)
- REST OF SOUTH AMERICA Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- REST OF SOUTH AMERICA Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- REST OF SOUTH AMERICA Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- REST OF SOUTH AMERICA Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- MEA Outlook (USD Billion, 2019-2035)
- MEA Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- MEA Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- MEA Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- MEA Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- MEA Wood Coatings Market by Regional Type
- GCC Countries
- South Africa
- Rest of MEA
- GCC COUNTRIES Outlook (USD Billion, 2019-2035)
- GCC COUNTRIES Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- GCC COUNTRIES Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- GCC COUNTRIES Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- GCC COUNTRIES Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- SOUTH AFRICA Outlook (USD Billion, 2019-2035)
- SOUTH AFRICA Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- SOUTH AFRICA Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- SOUTH AFRICA Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- SOUTH AFRICA Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- REST OF MEA Outlook (USD Billion, 2019-2035)
- REST OF MEA Wood Coatings Market by Application Type
- Furniture
- Cabinetry
- Flooring
- Doors
- Marine
- REST OF MEA Wood Coatings Market by Product Type
- Water-Based Coatings
- Solvent-Based Coatings
- UV-Cured Coatings
- Polyurethane Coatings
- Lacquers
- REST OF MEA Wood Coatings Market by Formulation Type
- Acrylic
- Alkyd
- Nitrocellulose
- Polyester
- Epoxy
- REST OF MEA Wood Coatings Market by End Use Type
- Residential
- Commercial
- Industrial
- MEA Wood Coatings Market by Application Type
- South America Wood Coatings Market by Application Type
- APAC Wood Coatings Market by Application Type
- Europe Wood Coatings Market by Application Type
- North America Wood Coatings Market by Application Type
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