Wood Coatings Market

Wood coating, commonly known as Topcoat, is used to protect hardwood surfaces against water, sunlight, oil, dust, and other household chemicals. Boards, frames, garden furniture and street furniture, modern furniture, replica furniture, kitchens, doors, furnishing accessories, and traditional flooring can all benefit from wood coatings. Wood coats make it easy to clean and disinfect wood. It also aids in the closure of pores that can serve as bacterial breeding grounds. Coatings are the final phase in the wood finishing process, and they provide a pleasing appearance to wooden surfaces. Wood coatings can also be used to create custom wooden designs. Wood finishing gives it a more appealing appearance, allows it to last longer, and increases its durability.

Market Dynamics

When compared to other technologies, solvent-borne coatings are more affordable, which is driving the global wood coatings market growth. Solvent borne coatings are typically utilized as liquid protective layers that are placed to the surface of a material to prevent corrosion. They are made up of organic compounds, and due to the drying feature of solvent-borne coatings, they have a higher toughness than aqueous coatings, making them a better alternative for corrosion control. Solvent-borne coatings also have a little benefit over waterborne coatings in that they work well even in humid situations, when the latter fails to cure properly.

Moreover, the market is being driven by an increase in construction and remodeling activity. Many modern constructions require the use of wood and coatings are required to protect these woods. As a result, the need for wood finishing has increased in recent years. The increase in new constructions may lead to the market's high profitability. Furthermore, growing disposable income will drive the global wood coatings market. As disposable incomes rise in emerging countries, more money is invested in wood treatments.

However, the negative effects of this substance on the environment have resulted in stringent government controls. Coating production and application are limited in several areas. As a result, the adoption rate is decreasing.

Key features of the study:

• This report provides an in-depth analysis of the global wood coatings market, market size (US$ Million & Kilotons), and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global wood coatings market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Akzo Nobel N.V., Axalta Coatings Systems, DowDuPont, Eastman Chemical Company, Kansai Paint Co., Ltd., BASF SE, Arkema SA, Ashland Inc., RPM International Inc., Hempel A/S, AkzoNobel N.V., Premium Coatings, Chemicals Pvt. Ltd., PPG Industries Inc., RPM International Inc., Katilac Coatings Inc. Jotun, Berger Paints India Limited, Asian Paints Limited, Sirca Paints, and Nippon Paint Co. Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global wood coatings market report caters to various stakeholders in this industry, including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global wood coatings market

Detailed Segmentation:

• Global Wood Coatings Market, By Resin Type:
  • Polyurethane
  • Nitrocellulose
  • Polyester
  • Epoxy
  • Shellac (French Polish)
  • Melamine
  • Others
• Global Wood Coatings Market, By Technology:
  • Water-borne
  • Solvent-borne
  • UV-CURING
• Global Wood Coatings Market, By End User:
  • Furniture
  • Siding
  • Flooring & Decking
  • Others
• Global Wood Coatings Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • U.K.
      • Germany
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia-Pacific
    • By Country:
      • China
      • India
      • Japan
      • South Korea
      • ASEAN
      • Australia
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Sub-region:
      • Middle East
      • Africa
• Company Profiles
  • Akzo Nobel N.V.*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Axalta Coatings Systems
  • DowDuPont
  • Eastman Chemical Company
  • Kansai Paint Co., Ltd.
  • BASF SE
  • Arkema SA
  • Ashland Inc.
  • RPM International Inc.
  • Hempel A/S
  • AkzoNobel N.V.
  • Premium Coatings
  • Chemicals Pvt. Ltd.
  • PPG Industries Inc.
  • Katilac Coatings Inc.
  • Jotun
  • Berger Paints India Limited
  • Asian Paints Limited
  • Sirca Paints
  • Nippon Paint Co. Ltd.

 “*” marked represents similar segmentation in other categories in the respective.