Global Wood Coatings Market is projected to grow at robust rate with an impressive CAGR. The flourishing housing and real-estate sector is primarily driving the growth of the market. Wood coating is widely utilized in the protection and refinement of woods and structures made of wood. This helps in increasing the product lifespan and enhances the visual cues of wooden object. The market is further catalysed by the inflating disposable income of the consumers and elevating level of living in developing nations such as China and India, which is fuelling the demand for modern household furniture. Apart from this, rapid advancement in wood coating technology and growing inclination towards the use of radiation cure coatings are providing a lucrative growth opportunities to the global market.
In addition, the proliferating need for eco-friendly and the growing usage of more sustainable alternatives such as lower VOC carbon coatings and recycled raw materials is providing a positive outlook to the market.
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The global wood coatings market is segmented on the basis of resin type, product type, technology, application, competitive landscape, and regional distribution. Based on the resin type the market is bifurcated into acrylic, polyurethane, melamine-formaldehyde, nitrocellulose and others. Among these, the polyurethane segment is expected to hold a prominent market share in the coming years. This is primarily because polyurethane leaves a specific finish on the wooden surface that cannot be overtaken in terms of chemical tolerance, mechanical resistance, and surface hardness. Moreover, the use of polyurethane ensures better resistance, therefore it is widely used wood treatment. By product type the market is segmented into stains & varnishes, lacquers, shellacs and others. Based on the technology the market is fragmented into water-based, oil-based, solvent-based and others. By application the mare is differentiated among furniture, side & decks, cabinets and others.
Some of the leading players in the Global Wood Coatings Market are Akzonobel N.V., BASF SE, The Sherwin-Williams Company, RPM International Inc., The Valspar Corporation, Ashland Inc., Arkema SA, Nippon Paint Co. Ltd., The Dow Chemical Company, Hempel A/S etc.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, Volume in
Units and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, volume forecast, company share,
competitive landscape, growth factors, and trends
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Segments covered
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Resin type
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Product Type
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Technology
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Application
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Regional scope
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North America; Europe &CIS; Asia Pacific; South
America; Middle East & Africa
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Country scope
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United States; Canada; Mexico; France;
Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea;
Australia; Brazil; Argentina; Colombia; UAE; Saudi Arabia; South Africa; Kuwait
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Key companies profiled
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Akzonobel N.V., BASF SE, The
Sherwin-Williams Company, RPM International Inc., The Valspar Corporation,
Ashland Inc., Arkema SA, Nippon Paint Co. Ltd., The Dow Chemical Company,
Hempel A/S
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Customization scope
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10% free report customization with
purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact
research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request)
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