Wood Coating Market Size, Price Trends, Growth, Outlook 2023-2028

The latest research study "Wood Coating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group, finds that the global wood coating 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.

Wood coating represents specialized materials applied on wooden surfaces to protect them from various natural and manmade factors and refine and refurnish the structures. They can be categorized into stains and varnishes, shellac coating, wood preservatives, water repellents, etc. Wood coating products help safeguard wooden doors, boards, fences, frameworks, street and garden furniture, furnishing accessories, etc., from environmental factors, including moisture, dirt, and scratches. They aid in sealing pores that can be breeding grounds for several pathogens, including viruses, bacteria, and fungi. As a result, wood coating products find extensive applications in the residential and commercial sectors across countries.

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Wood Coating Market Trends and Drivers:

The growing urbanization and the emerging trend of using wooden furniture for various purposes, such as sleeping, seating, dining, decoration, storage, etc., are among the key factors driving the wood coating market. In line with this, the expanding population across the globe and the escalating construction, renovation, and remodeling activities in residential places are also positively influencing the global market. Besides this, the rising number of hotels, hospitals, restaurants, shopping malls, and other commercial spaces that utilize wooden furniture and decorative items with premium finishing is acting as another significant growth-inducing factor. Moreover, the elevating construction of hostels, co-living, guest houses, official premises, etc., is further stimulating the market growth. In addition to this, the increasing availability of wood crafts and coating products in online shopping platforms and the introduction of water-based and eco-friendly coatings by leading market players are expected to propel the wood coating market in the coming years.

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Wood Coating Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Akzo Nobel N.V.
• Axalta Coating Systems Ltd.
• BASF SE
• 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). 

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

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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

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