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Global Wood Coating Market


Global 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 Region: Trend Forecast and Growth Opportunity

Report code: SDMRCH1671724 | Industry: Chemical & Material | Published On: 2023-01-03


Global wood coating market will reach $15,523.2 million by 2031, growing by 5.8% annually over 2021-2031, 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 83 tables and 93 figures, this 174-page report “Global 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 Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global 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 global 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 global wood coating market in every aspect of the classification from perspectives of Formulation, Material Type, Coating Type, Technology, Application, and Region.

Based on Formulation, the global 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 global 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 global 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 global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Spraying Coatings
o Conventional Spraying
o High-Volume Low-Pressure Spraying
o Electrostatic Spraying
o Airless Spraying
• Non-Spray Coatings
o Rollers
o Brushes
o Vacuums
o Curtaining

By Application, the global 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 regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE,Saudi Arabia, South Africa and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market 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.)

1  Introduction 9
1.1  Industry  Definition  and  Research  Scope 9
1.1.1  Industry  Definition 9
1.1.2  Research  Scope 10
1.2  Research  Methodology 13
1.2.1  Overview  of  Market  Research  Methodology 13
1.2.2  Market  Assumption 14
1.2.3  Secondary  Data 14
1.2.4  Primary  Data 14
1.2.5  Data  Filtration  and  Model  Design 15
1.2.6  Market  Size/Share  Estimation 16
1.2.7  Research  Limitations 17
1.3  Executive  Summary 18
2  Market  Overview  and  Dynamics 21
2.1  Market  Size  and  Forecast 21
2.1.1  Impact  of  COVID-19  on  World  Economy 22
2.1.2  Impact  of  COVID-19  on  the  Market 26
2.2  Major  Growth  Drivers 28
2.3  Market  Restraints  and  Challenges 34
2.4  Emerging  Opportunities  and  Market  Trends 37
2.5  Porter’s  Fiver  Forces  Analysis 41
3  Segmentation  of  Global  Market  by  Formulation 45
3.1  Market  Overview  by  Formulation 45
3.2  Solvent-Borne 47
3.3  Water-Borne 48
3.4  High  Solid 49
3.5  Powder-Borne 50
3.6  UV-Cured 51
4  Segmentation  of  Global  Market  by  Material  Type 52
4.1  Market  Overview  by  Material  Type 52
4.2  Polyurethane 54
4.3  Acrylic 55
4.4  Melamine-formaldehyde 56
4.5  Nitrocellulose 57
4.6  Other  Material  Types 58
5  Segmentation  of  Global  Market  by  Coating  Type 59
5.1  Market  Overview  by  Coating  Type 59
5.2  Stain  &  Varnishes 61
5.3  Wood  Preservatives 62
5.4  Shellacs 63
5.5  Water  Repellants 64
5.6  Other  Coating  Types 65
6  Segmentation  of  Global  Market  by  Technology 66
6.1  Market  Overview  by  Technology 66
6.2  Spraying  Coatings 68
6.2.1  Conventional  Spraying 70
6.2.2  High-Volume  Low-Pressure  Spraying 71
6.2.3  Electrostatic  Spraying 72
6.2.4  Airless  Spraying 73
6.3  Non-Spray  Coatings 74
6.3.1  Rollers 76
6.3.2  Brushes 77
6.3.3  Vacuums 78
6.3.4  Curtaining 79
7  Segmentation  of  Global  Market  by  Application 80
7.1  Market  Overview  by  Application 80
7.2  Furniture  and  Cabinetry 82
7.3  Paneling  &  Doors 83
7.4  Siding 84
7.5  Flooring 85
7.6  Other  Applications 86
8  Segmentation  of  Global  Market  by  Region 87
8.1  Geographic  Market  Overview  2021-2031 87
8.2  North  America  Market  2021-2031  by  Country 91
8.2.1  Overview  of  North  America  Market 91
8.2.2  U.S. 95
8.2.3  Canada 98
8.2.4  Mexico 100
8.3  European  Market  2021-2031  by  Country 102
8.3.1  Overview  of  European  Market 102
8.3.2  Germany 106
8.3.3  U.K. 108
8.3.4  France 110
8.3.5  Spain 112
8.3.6  Italy 114
8.3.7  Netherlands 116
8.3.8  Rest  of  European  Market 118
8.4  Asia-Pacific  Market  2021-2031  by  Country 120
8.4.1  Overview  of  Asia-Pacific  Market 120
8.4.2  Japan 124
8.4.3  China 127
8.4.4  Australia 129
8.4.5  India 131
8.4.6  South  Korea 133
8.4.7  Rest  of  APAC  Region 135
8.5  South  America  Market  2021-2031  by  Country 137
8.5.1  Argentina 140
8.5.2  Brazil 142
8.5.3  Chile 144
8.5.4  Rest  of  South  America  Market 146
8.6  MEA  Market  2021-2031  by  Country 147
8.6.1  UAE 150
8.6.2  Saudi  Arabia 152
8.6.3  South  Africa 154
8.6.4  Other  National  Markets 156
9  Competitive  Landscape 157
9.1  Overview  of  Key  Vendors 157
9.2  New  Product  Launch,  Partnership,  Investment,  and  M&A 160
9.3  Company  Profiles 161
AkzoNobel  N.V 161
Arkema  SA 163
Axalta  Coating  Systems 164
BASF  SE 165
Kansai  Paint  Co.,  Ltd. 166
Lonza  Group  Ltd. 167
Nippon  Paint  Co.,  Ltd. 168
PPG  Industries  Inc. 169
RPM  International  Inc. 170
Sherwin-Williams  Company 171
Sirca  SPA 172
Teknos  Group 173
RELATED  REPORTS 174
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