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.
Global wood coating market will reach $15,523.2 million by 2031, growing by 5.8% annually over 2021-2031, driven by the advantages and superior properties of wood coatings, the increasing demand for furniture and wooden products due to rising construction and remodeling activities, the advancement in coatings technology, the rapid increase in disposable income of consumers, and the emerging concept of smart home.
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In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global wood coating market in every aspect of the classification from perspectives of Formulation, Material Type, Coating Type, Technology, Application, and Region.
Based on Formulation, the global market is segmented into the following sub-markets with annual revenue ($ 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
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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 & Others
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