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Published Date: 2017-08-22Number of Pages: 318

Wood Coatings Market (Resin – Polyurethane, Acrylics, Melamine Formaldehyde, and Nitrocellulose; Product - Stains and Varnishes, Shellacs, and Lacquers; Technology - Oil Based, Water Based, and Solvent Based; Application - Furniture, Cabinets, and Side and Deck) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Global Wood Coatings Market: Snapshot

The global wood coatings market is choc-o-bloc with players and this has served to intensify the competition over the years. Product differentiation is a key tool leveraged by players to steal a march over their competitors. Key factors promoting growth in the market are the soaring construction activities across the globe and the increasing spending capacity of people which has stoked sales of furniture.

Another factor catalyzing growth in the global wood coatings market is the environmental concerns which has led to framing of rules to curb emissions from volatile organic compounds (VOCs). On the flipside, posing a roadblock to the market is the volatility in raw material prices such as acrylic and polyurethane. Since both are derived from crude oil, fluctuations in the latter’s prices affects prices of the final products thereby creating an uncertainty. This definitely does not bode well for the wood coatings market.

A report by Transparency Market Research forecasts the revenue in the global wood coating market to reach a value of US$17.595 bn by 2025 from US$8.625 bn in 2016 by rising at a healthy CAGR of 8.3% from 2017 to 2025 to. Volume-wise, the report expects the market to register a CAGR of 7.5% in the forecast period.

 

wood coatings market

 

Resistance to Humidity and Scratch Propels Demand for Polyurethane

The different types of resins used in the global wood coatings market are polyurethane, nitrocellulose, acrylics, melamine formaldehyde, etc. Of them, the segment of polyurethane held the maximum share of 39.2% in the market in 2016. The dominant market share of the segment is primarily on account of its properties of humidity and scratch resistance. Other advantages of polyurethane is its non-yellowing property and ability to retain light colors. The segment is expected to grow its leading share further to 40.6% by 2025 by clocking maximum CAGR of 8.8% from 2017 to 2025.

The acrylics segment trails the polyurethane segment in the global wood coatings market. In 2016, the segment held a share of 25.7% and by 2025 that share would likely expand marginally to 26%. The unique perceived benefit of acrylic which has led to its second-most prominent position in the market is its ability to cross link with other resins to yield improved properties.

The other two segments – melamine formaldehyde and nitrocellulose – are predicted to pare some of their market shares in the forecast period.

Increasing Spending Capacity of People Makes Asia Pacific Dominant Market

From a geographical standpoint, Asia Pacific leads the global wood coatings market with a majority of the share owing to the increasing wealth of people in the region which has spurred sales of furniture dramatically. The value of the market in the region stood at US$3.89 bn in 2016 and its share in the market was worth 45.1% in the same year. Rising at a healthy 8.9% CAGR from 2017 to 2025, the region will likely become worth US$8.35 bn by 2025 and its market share will likely grow to 47.4% in 2025.

Europe trails Asia pacific in the global wood coatings market. In 2016, the region’s share was about 26.5% and by 2025, the region will pare that slightly to account for 26.4% of the market. The market in the region will be primarily driven by acrylic and water-based technology.

Some of the key players operating in the global wood coatings market are Akzo Nobel N.V, BASF SE, Nippon Paint Holding Co., Ltd, PPG Industries, Inc., RPM International Inc., The Sherwin Williams Company, and The Dow Chemical Company.

1. Preface
     1.1. Report Scope and Market Segmentation
     1.2. Research Highlights

2. Assumptions and Research Methodology
     2.1. Assumptions and Acronyms Used
     2.2. Research Methodology

3. Executive Summary
     3.1. Market Size, Indicative (US$ Mn)
     3.2. Top 3Trends

4. Market Overview
     4.1. Resin Overview
     4.2. Key Industry Developments
     4.3. Market Indicators
     4.4. Drivers and Restraints Snapshot Analysis
            4.4.1. Drivers
            4.4.2. Restraints
            4.4.3. Opportunities
     4.5. Global Wood Coatings Market Analysis and Forecasts 
     4.6. Porter’s Analysis
            4.6.1. Threat of Substitutes
            4.6.2. Bargaining Power of Buyers
            4.6.3. Bargaining Power of Suppliers
            4.6.4. Threat of New Entrants
            4.6.5. Degree of Competition
     4.7. Global Coatings Market: SWOT Analysis 

5. Global Wood Coatings Market Value Share Analysis, by Resin Type
     5.1. Key Findings
     5.2. Polyurethane
     5.3. Acrylic
     5.4. Melamine-formaldehyde
     5.5. Nitrocellulose
     5.6. Others

6. Global Wood Coatings Market Value Share Analysis, by Product Type
     6.1. Key Findings     
     6.2. Stains & Varnishes
     6.3. Shellacs
     6.4. Lacquers
     6.5. Others
     6.6. Global Wood Coatings Market Attractiveness Analysis, by Product Type

7. Global Wood Coatings Market Value Share Analysis, by Technology Type
     7.1. Key Findings
     7.2. Oil-based
     7.3. Water-based
     7.4. Solvent-based
     7.5. Global Wood Coatings Market Attractiveness Analysis, by Technology Type

8. Global Wood Coatings Market Value Share Analysis, by Application Type
     8.1. Furniture     
     8.2. Cabinets
     8.3. Side & Decks
     8.4. Others
     8.5. Global Wood Coatings Market Attractiveness Analysis, by Application Type

9. Global Wood Coatings Market Analysis, by Region
     9.1. Global Regulatory Scenario
     9.2. Global Wood Coatings Market Value Share Analysis, by Region
     9.3. Global Wood Coatings Market Attractiveness Analysis, by Region

10. North America Wood Coatings Market Overview
     10.1. North America Wood Coatings Market Value Share Analysis, by Resin
     10.2. North America Wood Coatings Market Value Share Analysis, by Product
     10.3. North America Wood Coatings Market Value Share Analysis, by Technology
     10.4. North America Wood Coatings Market Forecast, by Application
     10.5. North America Wood Coatings Market Forecast, by Country
     10.6. U.S. Wood Coatings Market Analysis
     10.7. U.S. Wood Coatings Market Outlook
     10.8. Canada Wood Coatings Market Analysis
     10.9. Canada Wood Coatings Market Outlook

11. Europe Wood Coatings Market Overview
     11.1. Europe Wood Coatings Market Value Share Analysis, by Resin
     11.2. Europe Wood Coatings Market Value Share Analysis, by Product
     11.3. Europe Wood Coatings Market Value Share Analysis, by Technology
     11.4. Europe Wood Coatings Market Forecast, by Application
     11.5. Europe Wood Coatings Market Forecast, by Country
     11.6. Germany Wood Coatings Market Analysis
     11.7. Germany Wood Coatings Market Outlook
     11.8. France Wood Coatings Market Analysis
     11.9. France Wood Coatings Market Outlook
     11.10. U.K. Wood Coatings Market Analysis
     11.11. U.K. Wood Coatings Market Outlook
     11.12. Italy Wood Coatings Market Analysis
     11.13. Italy Wood Coatings Market Outlook
     11.14. Spain Wood Coatings Market Analysis
     11.15. Spain Wood Coatings Market Outlook
     11.16. Rest of Europe Wood Coatings Market Analysis
     11.17. Rest of Europe Wood Coatings Market Outlook

12. Asia Pacific Wood Coatings Market Overview
     12.1. Asia Pacific Wood Coatings Market Value Share Analysis, by Resin
     12.2. Asia Pacific Wood Coatings Market Value Share Analysis, by Product
     12.3. Asia Pacific Wood Coatings Market Value Share Analysis, by Technology
     12.4. Asia Pacific Wood Coatings Market Forecast, by Application
     12.5. Asia Pacific Wood Coatings Market Forecast, by Country
     12.6. China Wood Coatings Market Analysis
     12.7. China Wood Coatings Market Outlook
     12.8. India Wood Coatings Market Analysis
     12.9. India Wood Coatings Market Outlook
     12.10. ASEAN Wood Coatings Market Analysis
     12.11. ASEAN Wood Coatings Market Outlook
     12.12. Japan Wood Coatings Market Analysis
     12.13. Japan Wood Coatings Market Outlook
     12.14. Rest of Asia Pacific Wood Coatings Market Analysis
     12.15. Rest of Asia Pacific Wood Coatings Market Outlook

13. Latin America Wood Coatings Market Overview
     13.1. Latin America Wood Coatings Market Value Share Analysis, by Resin
     13.2. Latin America Wood Coatings Market Value Share Analysis, by Product
     13.3. Latin America Wood Coatings Market Value Share Analysis, by Technology
     13.4. Latin America Wood Coatings Market Forecast, by Application
     13.5. Latin America Wood Coatings Market Forecast, by Country
     13.6. Brazil Wood Coatings Market Analysis
     13.7. Brazil Wood Coatings Market Outlook
     13.8. Mexico Wood Coatings Market Analysis     
     13.9. Mexico Wood Coatings Market Outlook
     13.10. Rest of Latin America Wood Coatings Market Analysis
     13.11. Rest of Latin America Wood Coatings Market Outlook

14. Middle East & Africa Wood Coatings Market Overview
     14.1. Middle East & Africa Wood Coatings Market Value Share Analysis, by Resin
     14.2. Middle East & Africa Wood Coatings Market Value Share Analysis, by Product
     14.3. Middle East & Africa Wood Coatings Market Value Share Analysis, by Technology
     14.4. Middle East & Africa Wood Coatings Market Forecast, by Application
     14.5. Middle East & Africa Wood Coatings Market Forecast, by Country
     14.6. GCC Wood Coatings Market Analysis
     14.7. GCC Wood Coatings Market Outlook
     14.8. South Africa Wood Coatings Market Analysis
     14.9. South Africa Wood Coatings Market Outlook
     14.10. Rest of Middle East & Africa Wood Coatings Market Analysis
     14.11. Rest of Middle East & Africa Wood Coatings Market Outlook

15. Competition Landscape
     15.1. Wood Coatings Market Share Analysis, by Company (2016)
     15.2. Competition Matrix
             15.2.1. The Sherwin Williams Company
             15.2.2. PPG Industries Inc.
     15.3. Company Profiles
             15.3.1. Akzo Nobel N.V. 
                        15.3.1.1. Company Description
                        15.3.1.2. Business Overview
                        15.3.1.3. Financial Details
                        15.3.1.4. Strategic Overview
                        15.3.1.5. Key Developments
             15.3.2. Asian Paints
                        15.3.2.1. Company Description
                        15.3.2.2. Business Overview
                        15.3.2.3. Financial Details
                        15.3.2.4. Key Developments
             15.3.3. BASF SE
                        15.3.3.1. Company Description
                        15.3.3.2. Business Overview
                        15.3.3.3. Financial Details
                        15.3.3.4. Strategic Overview
                        15.3.3.5. Key Developments
             15.3.4. Berger Paints India Ltd
                        15.3.4.1. Company Description
                        15.3.4.2. Business Overview
                        15.3.4.3. Financial Details
                        15.3.4.4. Key Developments
             15.3.5. Kansai Nerolac Paints Limited 
                        15.3.5.1. Company Description
                        15.3.5.2. Business Overview
                        15.3.5.3. Financial Details
                        15.3.5.4. Key Developments
             15.3.6. Nippon Paint Holdings Co., Ltd 
                        15.3.6.1. Company Description
                        15.3.6.2. Business Overview
                        15.3.6.3. Financial Details
                        15.3.6.4. Strategic Overview
                        15.3.6.5. Key Developments
             15.3.7. PPG Industries, Inc. 
                        15.3.7.1. Company Description
                        15.3.7.2. Business Overview
                        15.3.7.3. Financial Details
                        15.3.7.4. Strategic Overview
                        15.3.7.5. Key Developments
             15.3.8. RPM International Inc. 
                        15.3.8.1. Company Description
                        15.3.8.2. Business Overview
                        15.3.8.3. Financial Details
                        15.3.8.4. Strategic Overview
                        15.3.8.5. Key Developments
             15.3.9. The Sherwin-Williams Company 
                        15.3.9.1. Company Description
                        15.3.9.2. Business Overview
                        15.3.9.3. Financial Details
                        15.3.9.4. Strategic Overview
                        15.3.9.5. Key Developments
             15.3.10. Teknos Group
                        15.3.10.1. Company Description
                        15.3.10.2. Business Overview
                        15.3.10.3. Key Developments
             15.3.11. The Dow Chemical Company
                        15.3.11.1. Company Description
                        15.3.11.2. Business Overview
                        15.3.11.3. Financial Details
                        15.3.11.4. Strategic Overview
             15.3.12. Ashland Inc.
                        15.3.12.1. Company Description
                        15.3.12.2. Business Overview

16. Primary Research-Key Insights

List of Figures

Figure 01: Global wood coatings Market Size (US$ Mn) and Volume (Tons) Forecast, 2016–2025
Figure 02: Global wood coatings Average Price (US$/Ton) 2016–2025
Figure 03: Global Wood Coatings Market Value Share Analysis, by Resin, 2016 and 2025
Figure 04: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Analysis, by Polyurethane, 2016–2025
Figure 05: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Analysis, by Acrylics, 2016–2025
Figure 06: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Analysis, by Melamine-Formaldehyde, 2016–2025
Figure 07: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Analysis, by Nitrocellulose, 2016–2025
Figure 08: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Analysis, by Others, 2016–2025
Figure 09: Global Wood Coatings Market Attractiveness Analysis, by Resin
Figure 10: Global Wood Coatings Market Value Share Analysis, by Product, 2016 and 2025
Figure 11: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Analysis, by Stains & Varnishes, 2016–2025
Figure 12: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Analysis, by Shellacs, 2016–2025
Figure 13: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Analysis, by Lacquers, 2016–2025
Figure 14: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Analysis, by Others, 2016–2025
Figure 15: Global Wood Coatings Market Attractiveness Analysis, by Product 
Figure 16: Global Wood Coatings Market Value Share Analysis, by Technology, 2016 and 2025
Figure 17: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Analysis, by Oil-based, 2016–2025
Figure 18: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Analysis, by Water-based, 2016–2025
Figure 19:  Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Analysis, by Solvent-based, 2016–2025
Figure 20: Global Wood Coatings Market Attractiveness Analysis, by Technology 
Figure 21: Global Wood Coatings Market Value Share Analysis, by Application, 2016 and 2025
Figure 22: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Analysis, by Furniture, 2016–2025
Figure 23: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Analysis, by Cabinets, 2016–2025
Figure 24: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Analysis, by Side & Deck, 2016–2025
Figure 25: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Analysis, by Others, 2016–2025
Figure 26: Global Wood Coatings Market Attractiveness Analysis, by Application
Figure 27: Global Wood Coatings Market Value Share Analysis, by Region, 2016 and 2025
Figure 28: North America Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, 2017–2025
Figure 29: North America Wood Coatings Market Size and Volume Y-o-Y Growth Projections, 2017–2025
Figure 30: North America Market Attractiveness Analysis, by Country
Figure 31: North America Market Value Share Analysis, by Resin, 2016 and 2025
Figure 32: North America Market Value Share Analysis, by Product, 2016 and 2025
Figure 33: North America Market Value Share Analysis, by Technology, 2016 and 2025
Figure 34: North America Market Value Share Analysis, by Application, 2016 and 2025
Figure 35: North America Market Value Share Analysis, by Country, 2016 and 2025
Figure 36: U.S. Wood Coatings Market Size (US$ Mn) Forecast, 2017–2025
Figure 37: U.S. Wood Coatings Market Volume (Tons) Forecast, 2017–2025
Figure 38: Canada Wood Coatings Market Size (US$ Mn) Forecast, 2017–2025
Figure 39:  Canada Wood Coatings Market Volume (Tons) Forecast, 2017–2025
Figure 40: Europe Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, 2017–2025
Figure 41: Europe Wood Coating Market Size and Volume Y-o-Y Growth Projections, 2017–2025
Figure 42: Europe Market Attractiveness Analysis, by Country
Figure 43: Europe Market Value Share Analysis, by Resin, 2016 and 2025
Figure 44: Europe Market Value Share Analysis, by Product, 2016 and 2025
Figure 45: Europe Market Value Share Analysis, by Technology, 2016 and 2025
Figure 46: Europe Market Value Share Analysis, by Application, 2016 and 2025
Figure 47: Europe Market Value Share Analysis, by Country, 2016 and 2025
Figure 48: Germany Wood Coating Market Size (US$ Mn) Forecast, 2017–2025
Figure 49: Germany Wood Coating Market Volume (Tons) Forecast, 2017–2025
Figure 50: France Wood Coating Market Size (US$ Mn) Forecast, 2017–2025
Figure 51: France Wood Coating Market Volume (Tons) Forecast, 2017–2025
Figure 52: U.K. Wood Coating Market Size (US$ Mn) Forecast, 2017–2025
Figure 53: U.K. Wood Coating Market Volume (Tons) Forecast, 2017–2025
Figure 54: Italy Wood Coating Market Size (US$ Mn) Forecast, 2017–2025
Figure 55: Italy Wood Coating Market Volume (Tons) Forecast, 2017–2025
Figure 56: Spain Wood Coating Market Size (US$ Mn) Forecast, 2017–2025
Figure 57: Spain Wood Coating Market Volume (Tons) Forecast, 2017–2025
Figure 58: Rest of Europe Wood Coating Market Size (US$ Mn) Forecast, 2017–2025
Figure 59: Rest of Europe Wood Coating Market Volume (Tons) Forecast, 2017–2025
Figure 60: Asia Pacific Wood Coatings Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2025
Figure 61: Asia Pacific Wood Coatings Market Size and Volume Y-o-Y Growth Projections, 2016–2025
Figure 62: Asia Pacific Market Attractiveness Analysis, by Country
Figure 63: Asia Pacific Wood Coatings Market Value Share Analysis, by Resin, 2016 and 2025
Figure 64: Asia Pacific Wood Coatings Market Value Share Analysis, by Product, 2016 and 2025
Figure 65: Asia Pacific Wood Coatings Market Value Share Analysis, by Technology, 2016 and 2025 
Figure 66: Asia Pacific Wood Coatings Market Value Share Analysis, by Application, 2016 and 2025
Figure 67: Asia Pacific Wood Coatings Market Value Share Analysis, by Country, 2016 and 2025
Figure 68: China Wood Coatings Market Size (US$ Mn ) Analysis 2016–2025
Figure 69 : China  Wood Coatings Market Volume (Tons) Analysis 2016–2025
Figure 70: India Wood Coatings Market Size (US$ Mn) Analysis, 2016–2025
Figure 71: India Wood Coatings Market Volume (Tons) Analysis, 2016–2025
Figure 72: ASEAN Wood Coatings Market Size (US$ Mn) Analysis, 2016–2025
Figure 73: ASEAN Wood Coatings Market Volume (Tons) Analysis, 2016–2025
Figure 74: Japan Wood Coatings Market Size (US$ Mn) Analysis, 2016–2025
Figure 75: Japan Wood Coatings Market Volume (Tons) Analysis, 2016–2025
Figure 76: Rest of Asia Pacific Wood Coatings Market Size (US$ Mn) Analysis, 2016–2025
Figure 77: Rest of Asia Pacific Wood Coatings Market Volume (Tons) Analysis, 2016–2025
Figure 78: Latin America Wood Coatings Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2025
Figure 79: Latin America Wood Coatings Market Size and Volume Y-o-Y Growth Projections, 2016–2025
Figure 80: Latin America Market Attractiveness Analysis, by Country
Figure 81: Latin America Market Value Share Analysis, by Resin, 2016 and 2025
Figure 82: Latin America Market Value Share Analysis, by Product, 2016 and 2025
Figure 83: Latin America Market Value Share Analysis, by Technology, 2016 and 2025
Figure 84: Latin America Market Value Share Analysis, by Application, 2016 and 2025
Figure 85: Latin America Market Value Share Analysis, by Country, 2016 and 2025
Figure 86: Brazil Wood Coatings Market Size (US$ Mn ) Analysis 2016–2025
Figure 87: Brazil Wood Coatings Market Volume (Tons) Analysis 2016–2025
Figure 88: Mexico Wood Coatings Market Size (US$ Mn ) Analysis 2016–2025
Figure 89: Mexico Wood Coatings Market Volume (Tons) Analysis 2016–2025
Figure 90: Rest of Latin America Wood Coatings Market Size (US$ Mn ) Analysis 2016–2025
Figure 91: Rest of Latin America Wood Coatings Market Volume (Tons) Analysis 2016–2025
Figure 92: Middle East & Africa Wood Coating Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2025
Figure 93: Middle East & Africa Wood Coating Market Size and Volume Y-o-Y Growth Projections, 2016–2025
Figure 94: Middle East & Africa Market Attractiveness Analysis, by Country
Figure 95: Middle East & Africa Market Value Share Analysis, by Resin, 2016 and 2025
Figure 96: Middle East & Africa Market Value Share Analysis, by Product, 2016 and 2025
Figure 97: Middle East & Africa Market Value Share Analysis, by Technology, 2016 and 2025
Figure 98: Middle East & Africa Market Value Share Analysis, by Application, 2016 and 2025
Figure 99: Middle East & Africa Market Value Share Analysis, by Country, 2016 and 2025
Figure 100: GCC Wood Coating Market Size (US$ Mn) Analysis, 2016–2025
Figure 101: GCC Wood Coating Market Volume (Tons) Analysis, 2016–2025
Figure 102: South Africa Wood Coating Market Size (US$ Mn) Analysis, 2016–2025
Figure 103: South Africa Wood Coating Market Volume (Tons) Analysis, 2016–2025
Figure 104: Rest of Middle East & Africa Wood Coating Market Size (US$ Mn) Analysis, 2016–2025
Figure 105: Rest of Middle East & Africa Wood Coating Market Volume (Tons) Analysis, 2016–2025
Figure 106: Wood Coating Market Share Analysis, by Company (2016)

List of Tables

Table 01: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Resin, 2016–2025
Table 02: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 03: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2016–2025
Table 04: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2016–2025
Table 05: Global Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Region, 2016–2025
Table 06: North America Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Resin, 2016–2025
Table 07: North America Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 08: North America Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2016–2025
Table 09: Global Wood Coatings Market Volume (Tons) and Volume (Tons) Forecast, by Application, 2016–2025
Table 10: North America Wood Coating Market Size (US$ Mn) and Volume (Units) Forecast, by Country, 2016–2025
Table 11: U.S. Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, By Resin, 2016–2025
Table 12: U.S. Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, By Product, 2016–2025
Table 13: U.S. Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, By Technology, 2016–2025
Table 14: U.S Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, By Application, 2016–2025
Table 15: Canada Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, By Resin, 2016–2025
Table 16: Canada Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, By Product, 2016–2025
Table 17: Canada Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, By Technology, 2016–2025
Table 18: Canada Wood Coatings Market Volume (Tons) and Volume (Tons) Forecast, By Application, 2016–2025
Table 19: Europe Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Resin, 2016–2025
Table 20: Europe Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 21: Europe Wood Coating Market Size (US$ Mn) and Volume (Tons ) Forecast, by Technology, 2016–2025
Table 22: Europe Wood Coating Market Size (US$ Mn) and Volume (Tons)  Forecast, by Application, 2016–2025
Table 23: Europe Wood Coating Market Size (US$ Mn) and Volume (Units) Forecast, by Country, 2015–2024
Table 24: Germany Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Resin, 2016–2025
Table 25: Germany Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 26: Germany Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2016–2025
Table 27: Germany Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2016–2025
Table 28: France Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Resin, 2016–2025
Table 29: France Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 30: France Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2016–2025
Table 31: France Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2016–2025
Table 32: U.K. Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Resin, 2016–2025
Table 33: U.K. Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 34: U.K. Wood Coatings Market Size (US$ Mn) Forecast and Volume (Tons), by Technology, 2016–2025
Table 35: U.K. Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2016–2025
Table 36: Italy Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Resin, 2016–2025
Table 37: Italy Wood Coating Market Size (US$ Mn) Forecast and Volume (Tons), by Product, 2016–2025
Table 38: Italy Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2016–2025
Table 39: Italy Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2016–2025
Table 40: Spain Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Resin, 2016–2025
Table 41: Spain Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 42: Spain Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2015–2024
Table 43: Spain Wood Coating Market Volume (Tons) Forecast and Volume (Tons), by Application, 2016–2025
Table 44: Rest of Europe Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Resin, 2016–2025
Table 45: Rest of Europe Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 46: Rest of Europe Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2016–2025
Table 47: Rest of Europe Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2016–2025
Table 48: Asia Pacific Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Resin, 2016–2025
Table 49: Asia Pacific Wood Coatings Market Size (US$ Mn) Forecast and Volume (Tons), by Product, 2016–2025
Table 50: Asia Pacific Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2016–2025
Table 51: Asia Pacific Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2016–2025
Table 52: Asia Pacific Wood Coatings Market Size (US$ Mn) and Volume (Units) Forecast, by Country, 2017–2025
Table 53: China Wood Coatings Market Size (US$ Mn) Forecast and Volume (Tons), by Resin, 2016–2025
Table 54: China Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 55: China Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2016–2025
Table 56: China Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2016–2025
Table 57: India Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Resin, 2016–2025
Table 58: India Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 59: India Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2016–2025
Table 60: India Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2016–2025
Table 61: ASEAN Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Resin, 2016–2025
Table 62: ASEAN Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 63: ASEAN Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2016–2025
Table 64: ASEAN Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2016–2025
Table 65: Japan Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Resin, 2016–2025
Table 66: Japan Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 67: Japan Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2016–2025
Table 68: Japan Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2016–2025
Table 69: Rest of Asia Pacific Wood Coatings Market Size (US$ Mn) Forecast, by Resin, 2016–2025
Table 70: Rest of Asia Pacific Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 71: Rest of Asia Pacific Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2016–2025
Table 72: Rest of Asia Pacific Wood Coatings Market Size (US$ Mn) Forecast, by Application, 2016–2025
Table 73: Latin America Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Resin, 2016–2025
Table 74: Latin America Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 75: Latin America Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2016–2025
Table 76: Latin America Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2016–2025
Table 77: Latin America Wood Coatings Market Size (US$ Mn) and Volume (Units) Forecast, by Country, 2016–2025
Table 78: Brazil Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Resin, 2016–2025
Table 79: Brazil Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 80: Brazil Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2016–2025
Table 81: Brazil Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2016–2025
Table 82: Mexico Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Resin, 2016–2025
Table 83: Mexico Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 84: Mexico Wood Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2016–2025
Table 85: Mexico Wood Coatings Market Size (US$ Mn) Forecast, by Application, 2016–2025
Table 86: Rest of Latin America Wood Coatings Market Size (US$ Mn) Forecast, by Resin, 2016–2025
Table 87: Rest of Latin America Wood Coatings Market Size (US$ Mn) Forecast, by Product, 2016–2025
Table 88: Rest of Latin America Wood Coatings Market Size (US$ Mn) Forecast, by Technology, 2016–2025
Table 89: Rest of Latin America Wood Coatings Market Size (US$ Mn) Forecast, by Application, 2016–2025
Table 90: Middle East & Africa Wood Coating Market Size (US$ Mn) Forecast, by Resin, 2016–2025
Table 91: Middle East & Africa Wood Coating Market Size (US$ Mn) Forecast, by Product, 2016–2025
Table 92: Middle East & Africa Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2016–2025
Table 93: Middle East & Africa Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2016–2025
Table 94: Middle East & Africa Wood Coating Market Size (US$ Mn) and Volume (Units) Forecast, by Country, 2016–2025
Table 95: Middle East & Africa Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2016–2025
Table 96: GCC Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Resin, 2016–2025
Table 97: GCC Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 98: GCC Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2016–2025
Table 99: GCC Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2016–2025
Table 100: South Africa Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Resin, 2016–2025
Table 101: South Africa Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 102: South Africa Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2016–2025
Table 103: South Africa Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2016–2025
Table 105: Rest of Middle East & Africa Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Resin, 2016–2025
Table 106: Rest of Middle East & Africa Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 107: Rest of Middle East & Africa Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Technology, 2016–2025
Table 108: Rest of Middle East & Africa Wood Coating Market Size (US$ Mn) and Volume (Tons) Forecast, by Application, 2016–2025

Global Wood Coatings Market: Overview

The term wood coatings implies  a wide range of products such as stains, varnishes, shellacs, and lacquers, which are commonly used in the domestic and industrial sectors. The significance of wood coatings is that they add depth and warmth to the appearance of the wooden structures. They can be applied in the form of surface coatings, natural finishes, pigmented finishes, penetrating finishes and wax polishes. Depending upon the applications, the usage of wood coatings also varies. The key applications of wood coatings include furniture, cabinets, and side and deck.

Global Wood Coatings Market: Drivers and Restraints and Trends

The recovery of the housing industry all over the world is propelling the wood coatings market. Demand for side and deck in advanced countries is increasing. This is anticipated to drive the market for wood coatings in the near future. The recent recovery of the housing industry across the world is propelling the global wood coatings market. The rise in construction of new homes and the house modifications are factors driving the wood coatings market. Wood coatings are highly used for kitchen furnishings and flooring.

Demand for side and deck in advanced countries is increasing, which is anticipated to fuel the market for wood coatings in the next few years. Increasing public awareness regarding coatings with low volatile organic compounds and the implementation of safety regulations are factors that significantly contribute to growth of the wood coatings market. Increasing disposable income is also considered as a propelling factor for global wood coatings market.

Growth in the residential housing sector coupled with growing demand for furniture, decking, and siding products are considered as the growth opportunities for the wood coatings market. Also, the shift towards green technology is another opportunity creator, as it deals with the non-volatile emission of organic compounds. Strategic co-operation among manufacturers is also considered as the opportunity for the wood coatings market

The report estimates and forecasts the wood coatings market on the global, regional and country levels. The study provides forecast between 2017 and 2025 based on volume (Tons) and revenue (US$ Mn) with 2016 as the base year. The report comprises an exhaustive value chain analysis for each of the segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the wood coatings market along with their impact on demand during the forecast period.

The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the wood coatings market on the global, regional and country level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of wood coatings and global average price trend analysis.

Global Wood Coatings Market: Segmentation

The report includes Porter’s Five Forces Model to determine the degree of competition in the wood coatings market. The report comprises a qualitative write-up on market attractiveness analysis, wherein end-users and regions have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for wood coatings between 2017 and 2025.

The study provides a comprehensive view of the wood coatings market by dividing it into resin, product, technology, application, and geography segments. Resin segment has been categorized into polyurethane, acrylics, melamine formaldehyde, nitrocellulose, and others. The product segment of the wood coatings market is classified as stains & varnishes, shellacs, lacquers, and others. The technology segmentation covers oil based wood coatings, water based wood coatings and also solvent based wood coatings.

The wood coatings market, by application has been categorized into furniture, cabinets, side & deck, and others. The regional analysis of global wood coatings market include includes the current and forecast consumption of wood coatings in North America (U.S, Canada), Latin America (Brazil, Mexico, Rest of Latin America), Europe (Germany, France, Italy, U.K,  Spain, and Rest of Europe)  , Asia Pacific (China, India, Japan & ASEAN)  , and Middle East & Africa (GCC, Egypt, South Africa and Rest of Middle East & Africa). Market segmentation includes demand for consumption in all the regions and countries individually.

Global Wood Coatings Market: Competitive Analysis

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include Akzo Nobel N.V, BASF SE, Nippon Paint Holding Co., Ltd, PPG Industries, Inc., RPM International Inc., The Sherwin Williams Company, and The Dow Chemical Company. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).

Secondary research sources that were typically referred to include, but were not limited to, The World Paint & Coatings Industry Association (WPCIA) , American Coatings Association (ACA), National Wood Flooring Association (NWFA),  British Coating Federation (BCF) , The Society for Protective Coatings (SSPC) , Chemical Coaters Association International (CCAI) , American Wood Protection Association  and  European Wood Preservative Manufacturers Association (EWPMA),company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.

In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.

The global wood coatings market has been segmented as follows:

Global Wood Coatings Market, by Resin Analysis

  • Polyurethane
  • Acrylics
  • Melamine Formaldehyde
  • Nitrocellulose
  • Others

Global Wood Coatings Market, by Product Analysis

  • Stains & Varnishes
  • Shellacs
  • Lacquers
  • Others

Global Wood Coatings Market, by Technology Analysis

  • Oil based
  • Water based
  • Solvent based

Global Wood Coatings Market, by Application Analysis

  • Furniture
  • Cabinets
  • Side & Deck
  • Others

Global Wood Coatings Market, by Regional Analysis

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • Egypt
    • South Africa
    • Rest of Middle East & Africa


 
 
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