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
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