Wood Coatings

Wood Coating Market Size, Growth, Trends, Forecast 2023-2028

How Big is The Wood Coating Market?

IMARC Group, a leading market research company, has recently releases report titled “Wood Coating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The global wood coatings market size reached US$ 9.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.89% during 2023-2028.

What is Wood Coating?

Wood coating refers to specialized formulations that are used to protect, refurnish, and refine wood structures. Some of the common product types include stains and varnishes, shellac coating, repellents, preservatives, groove coats, primer, ink, basecoats, etc. Wood coating products help to safeguard wooden doors, frameworks, furniture, fences, boards, flooring, etc., from environmental factors, such as dirt, moisture, and scratches. They even aid in sealing pores that can be breeding grounds for various pathogens, including viruses, bacteria, and fungi. Consequently, wood coating materials find extensive applications across the globe.

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Wood Coating Market Trends and Drivers:

The growing urbanization and the rising construction, renovation, and remodeling activities in residential and commercial spaces are among the key factors driving the wood coating market. Apart from this, the expanding travel and tourism industry and the escalating demand for wooden sleeping, dining, and seating furniture and other decorative items with premium finishing in hotels, resorts, restaurants, cafes, villas, shopping malls, etc., are also positively influencing the global market. Additionally, the increasing number of public and private organizations and the emerging trend of relocating to new locations, hostels, co-living spaces, guest houses, and official premises is further bolstering the market growth. Moreover, the elevating availability of wood crafts and coating products across several offline and online shopping platforms is acting as another significant growth-inducing factor. Besides this, the introduction of water-based and eco-friendly wood preservatives and the launch of innovative formulating technologies, which include solvent-borne, ultraviolet or UV cured, water-borne, etc., are expected to bolster the wood coating market in the coming years.

Who are the key players operating in the industry?

The report covers the major market players including:

  • Akzo Nobel N.V.
  • Axalta Coating Systems Ltd.
  • Brillux GmbH & Company KG
  • Diamond Vogel Paint Company
  • Eastman Chemical Company
  • IVM S.R.L.
  • Kansai Nerolac Paints Limited (Kansai Paint Co. Ltd.)
  • Nippon Paint (India) Private Limited
  • PPG Industries Inc.
  • RPM International Inc.
  • Sirca Paints India Limited
  • Stahl Holdings B.V.
  • Teknos Group Oy and Valspar Corporation (Sherwin-Williams Company). 

What is included in market segmentation?

The report has categorized the market based on coating type, resin type, formulating technology and application.

Breakup by Coating Type:

  • Stains and Varnishes
  • Shellac Coating
  • Wood Preservatives
  • Water Repellents
  • Others

Breakup by Resin Type:

  • Acrylic
  • Nitrocellulose
  • Polyester
  • Polyurethane
  • Others

Breakup by Formulating Technology:

  • Solvent-Borne
  • Water-Borne
  • UV-Cured
  • Others

Breakup by Application:

  • Furniture
  • Cabinets
  • Siding
  • Flooring
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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