Wood Coatings Market 2020-2024 | Insights by Types, Applications, Market Drivers, Industry Segmentation and Forecast Analysis

Wood Coatings

The Key purpose of “Wood Coatings Market” report is to deliver key market trends, the scope of report, competitive landscape and industry overview with key players. Wood Coatings market report is designed by a detailed investigation process to collect all the necessary data. Further, the report studies the revenue generated from the market analysis and opportunity analysis to estimate the market size.

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Wood Coatings Market Covers Key Players:

  • Akzo Nobel NV
  • Benjamin Moore & Co. Inc.
  • Diamond Vogel Paint Company
  • DowDuPont Inc.
  • Drywood Coatings BV
  • Helios Coatings GmbH
  • ICA Group
  • IVM Chemicals srl
  • Kansai Paint Co. Ltd
  • KAPCI Coatings Co.
  • Kelly
  • Moore Paint Company Inc.
  • Minwax Company
  • Nippon Paint Co. Ltd
  • NTC Nano Tech Coatings GmbH
  • PPG Industries Inc.
  • Renner Sayerlack SA
  • RPM International Inc.
  • Sherwin
  • Williams Company
  • Sirca SpA
  • Sniezka SA
  • Teknos Group Oy
  • Vermont Natural Coatings Inc.
  • Weilburger Coatings GmbH

    Market Overview:

  • The market for wood coatings is likely to register a CAGR of 5.04% during the forecast period (2019-2024). One of the major factors driving the market studied is the growing production of furniture across the world. The growing construction industry in Asia-Pacific, and Middle East & Africa is also likely to boost the market growth.
  • – The polyurethane segment dominated the market in 2018, and is expected to grow during the forecast period, owing to the increasing applications of polyurethane coatings across several sectors, including commercial, architectural, and structural work, paneling, furniture, etc.
  • – Stringent environmental regulations may restain the demand for wood coatings, during the forecast period.
  • – There is a huge potential market for water-based coatings in developing countries, owing to the increasing awareness toward eco-friendly products. This is likely to act as an opportunity for the market, in the future.
  • – Asia-Pacific dominated the wood coatings market across the world, in 2018, and is expected to continue dominating the market during the forecast period, owing to the major growth of construction activities in countries, like India.<

    The Wood Coatings Market Report Includes:

    • The Wood Coatings market report covers the present status and future prospects.
    • The report analyses market trends, size, and forecast in different geographically.
    • The report provides market competition overview among the Top companies.
    • The report provides a complete analysis of the current and emerging market trends and opportunities.

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    Scope of the Report:

  • This report studies the global Wood Coatings market size, industry status and forecast, competition landscape and growth opportunity.

    Key Market Trends:

    Growing Furniture Production Worldwide is Driving the Market Growth

    – With increasing housing construction, population, and income-levels across the world, the demand for furnitures, such as chairs, table, bed, sofa, shelves, and cupboard, has been increasing significantly.
    – Moreover, with the rapidly growing service sector, a huge proportion of the population has been relocating to new locations, which is driving the trend of hostels, co-living, guest houses, and official premises. This is expected to augment the demand for various furniture products.
    – In the furniture industry, concepts related to interiors of homes, offices, and flats are changing continuously. This is driving innovation and development, primarily in terms of designs, size, and colors, which is expected to augment the production volume of furniture across the world.
    – In the furniture industry, wood coatings are extensively used. Thus, the increasing production volume of furniture across the world is augmenting the growth of the market studied.

    Asia-Pacific Region to Dominate the Market

    The Asia-Pacific region dominated the global market share in 2018. China has the largest furniture sector across the world, which is thriving, owing to the increasing domestic and foreign demand. In India, both the furniture and construction sectors have been witnessing major growth in the recent times. Some of the key factors that are boosting this growth include the increasing investment in the residential and commercial sector and government initiatives, like “Housing for All”. The entry of major furniture companies, like IKEA, is also expected to boost the furniture industry growth. Additionally, there has been a major growth in the public and private investments in the construction sectors of ASEAN countries, in the recent times. These factors are likely to help the Asia-Pacific region to dominate the market, during the forecast period.

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    Important Questions Answered in The Wood Coatings Market Report:

    • What is the main factor that takes this market to the next level?
    • What will the market demand and what will be growth?
    • What are the latest opportunities for the Wood Coatings Market in the future?
    • What are the strengths of the main players?
    • What is the key to the Wood Coatings Market?

    Detailed TOC of Wood Coatings Market Report 2020-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Drivers
    4.1.1 Increasing Furniture Production
    4.1.2 Growing Construction Industry, Majorly in Asia-Pacific, and Middle East & Africa
    4.2 Restraints
    4.2.1 Stringent Environmental Regulations
    4.3 Industry Value-Chain Analysis
    4.4 Porters Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5.1 Resin Type
    5.1.1 Acrylic
    5.1.2 Nitrocellulose
    5.1.3 Polyester
    5.1.4 Polyurethane
    5.1.5 Other Resin Types
    5.2 Technology
    5.2.1 Water-borne
    5.2.2 Solven-borne
    5.2.3 UV-cured
    5.3 Application
    5.3.1 Furniture and Fixtures
    5.3.2 Doors and Windows
    5.3.3 Cabinet
    5.3.4 Other Applications
    5.4 Geography
    5.4.1 Asia-Pacific China India Indonesia Japan Malaysia South Korea Thailand Australia & New Zealand Vietnam Rest of Asia-Pacific
    5.4.2 North America United States Canada Mexico Rest of the North America
    5.4.3 Europe Germany France Russia United Kingdom Italy Spain BENELUX NORDIC Countries Rest of the Europe
    5.4.4 South America Brazil Argentina Chile Coloumbia Rest of South America
    5.4.5 Middle East & Africa Saudi Arabia South Africa Nigeria United Arab Emirates Rest of Middle East & Africa

    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Akzo Nobel NV
    6.4.2 Benjamin Moore & Co. Inc.
    6.4.3 Diamond Vogel Paint Company
    6.4.4 DowDuPont Inc.
    6.4.5 Drywood Coatings BV
    6.4.6 Helios Coatings GmbH
    6.4.7 ICA Group
    6.4.8 IVM Chemicals srl
    6.4.9 Kansai Paint Co. Ltd
    6.4.10 KAPCI Coatings Co.
    6.4.11 Kelly-Moore Paint Company Inc.
    6.4.12 Minwax Company
    6.4.13 Nippon Paint Co. Ltd
    6.4.14 NTC Nano Tech Coatings GmbH
    6.4.15 PPG Industries Inc.
    6.4.16 Renner Sayerlack SA
    6.4.17 RPM International Inc.
    6.4.18 Sherwin-Williams Company
    6.4.19 Sirca SpA
    6.4.20 Sniezka SA
    6.4.21 Teknos Group Oy
    6.4.22 Vermont Natural Coatings Inc.
    6.4.23 Weilburger Coatings GmbH

    7.1 Increasing Demand for UV-cured Coatings Production of Paraquet Flooring in Europe
    7.2 Shift toward Water-borne Coatings


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