Global Wood Coatings Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026
Global Wood Coatings Market Overview:
The global wood coatings market was valued at US$ X.X billion in 2016, and is expected to reach US$ X.X billion at a single-digit CAGR of X.X% over the forecast period.
Wood coating is a process done to protect the wooden surface in order to increase their utilization, wear resistance, and surface finish. They not only increase durability of wood but also enhances aesthetic look and feel. Wooden coating is done mostly to furniture’s, interiors, cabinets, flooring etc. The wood surfaced is first sandpapered by hand or scraping and then by wood filler and is then coated using different methods depending upon end use and ease of application. In addition, these coatings are fire and water resistant.
A major factor driving growth of the global wood coatings market is growing construction sector both commercial and residential. In addition, increasing demand for wooden flooring, cabinets, siding, fences, and decks by residential end user has created larger market as compared to commercial end user. Increasing demand from luxury car users to have wooden finish element, as a status symbol, is another factor driving growth of the global wood coatings market. Increasing disposable income and changing standards of living has further fueled growth of the wood coatings market globally.
Disposing of chemically treated wooden products coupled with raising environmental concerns are major factors hampering growth of the global wood coatings market. In addition, high raw material price and availability of cheap and non-chemical substitutes are some other factors further hampering growth of the global wood coatings market.
North America dominates the global wood coatings market and is expected to maintain its dominance during the forecast period. This growth is attributed to presence of major vendors in this region. The market in Asia Pacific is projected to witness high and fast growth in terms of revenue during the forecast period due to growing construction sector in this region. The market in Europe is expected to witness considerable growth over the forecast period.
Global Wood Coatings Market Segmentation:
Segmentation on basis of coating type:
- Scratch resistant
- Stains & Varnishes
- Wood Preservatives
- Water Repellents
Segmentation on basis of application method:
- Roll & Brush Coating
- Vacuum Coating
- Spray Coating
Segmentation on basis of end user:
- Siding, fence, and decks
Segmentation on basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Akzo Nobel N.V
- Axalta Coating Systems
- BASF SE
- Valspar Corporation
- Kansai paints Co. Ltd.
- Nippon Paint Holdings Co., Ltd.
- PPG industries Inc.
- The Sherwin-Williams Company
- NOROO Paints
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