Market Overview:
The global industrial wood coating market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for wood coatings from various end-use industries, such as wooden furniture, wood flooring, and wooden outdoor applications. In terms of type, the waterborne segment is projected to register highest growth rate during the forecast period. This can be attributed to its properties such as environmental friendliness and low VOC emissions.
Product Definition:
Industrial wood coating is a process of protecting wood from decay, rot and other damage. It can also be used to improve the appearance and increase the life of the wood.
Waterborne:
Waterborne coatings are a type of coating material that is produced using water as the base substance. They have high demand in the wood industry due to their properties such as adaptability, versatility, and low VOCs. The major driver for this market is its growing use in industrial wood coating applications which include furniture & fixtures and structural components among others owing to its characteristics such as color stability, durability along with improved appearance over time.
Conventional Solvent Borne:
Conventional solvent borne coatings are widely used in the wood coating industry. They are also used in various end-use industries such as automotive, marine, and architecture. Conventional solvent borne coatings have a high content of solvents which can be up to 60% by volume. Solvent borne is derived from petroleum or natural gas and is usually made up of ethane, propane or hexanes along with other additives such as surfactants, polysorbates etc.
Application Insights:
Wood flooring application led the global industry with a revenue share of over 40.0% in 2017. The product is widely used for manufacturing residential and commercial wooden floors, including sub-flooring, wall lining & paneling, furniture etc. Owing to its natural look and feel along with enhanced durability and resistance towards moisture damage; the product is gaining popularity as an alternative to conventional floor coatings across several applications such as kitchen floors, bathroom floors etc.
The demand for wood furniture is likely to grow at a CAGR of XX% from 2018 to 2030 owing to its ability t oenhance the natural beauty of the material while providing protection against environmental factors such as humidity & moisture that can cause cracks or other damages on account of shrinkage or expansion due to temperature changes etc.
Regional Analysis:
Asia Pacific dominated the global industry with a revenue share of over 35.0% in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing product demand from various end-use industries in emerging economies such as China and India. Furthermore, growing investments by multinational companies for manufacturing high value-added products are anticipated to drive growth across this region during the forecast period.
The market in North America is projected to witness significant growth over the next eight years owing to rising consumer disposable income levels and changing lifestyles along with an increase in spending on household d©cor products made of wood throughout this region which will have a positive impact on market growth during this period.
Europe accounted for more than 20% of global volume share.
Growth Factors:
- Increasing demand from the construction and furniture industries
- Rising awareness about the benefits of wood coatings over traditional finishes
- Technological advancements in wood coating formulations
- Growing popularity of eco-friendly wood coatings
- Proliferation of DIY home improvement projects
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Wood Coating Market Research Report
By Type
Waterborne, Conventional Solvent Borne, High Solid Solvent Borne, Powder Coating, Radiation Cured, Others
By Application
Wooden Furniture, Wood Floor, Wooden Outdoor, Others
By Companies
Akzo Nobel, BASF, Nippon Paint, PPG Industries, RPM International, Sherwin Williams, DowDuPont, Valspar, Hempel, Henkel, Akzo Nobel, Hebei Chenyang Industry & Trade Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Wood Coating Market Report Segments:
The global Industrial Wood Coating market is segmented on the basis of:
Types
Waterborne, Conventional Solvent Borne, High Solid Solvent Borne, Powder Coating, Radiation Cured, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Wooden Furniture, Wood Floor, Wooden Outdoor, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Akzo Nobel
- BASF
- Nippon Paint
- PPG Industries
- RPM International
- Sherwin Williams
- DowDuPont
- Valspar
- Hempel
- Henkel
- Akzo Nobel
- Hebei Chenyang Industry & Trade Group
Highlights of The Industrial Wood Coating Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Waterborne
- Conventional Solvent Borne
- High Solid Solvent Borne
- Powder Coating
- Radiation Cured
- Others
- By Application:
- Wooden Furniture
- Wood Floor
- Wooden Outdoor
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Wood Coating Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial wood coating is a protective finish applied to lumber, plywood, and other wooden products to prolong their life and protect them from weathering. It is also used as a sealant for joints in wood construction.
Some of the key players operating in the industrial wood coating market are Akzo Nobel, BASF, Nippon Paint, PPG Industries, RPM International, Sherwin Williams, DowDuPont, Valspar, Hempel, Henkel, Akzo Nobel, Hebei Chenyang Industry & Trade Group.
The industrial wood coating market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Wood Coating Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Wood Coating Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Wood Coating Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Wood Coating Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Wood Coating Market Size & Forecast, 2018-2028
4.5.1 Industrial Wood Coating Market Size and Y-o-Y Growth
4.5.2 Industrial Wood Coating Market Absolute $ Opportunity
Chapter 5 Global Industrial Wood Coating Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Wood Coating Market Size Forecast by Type
5.2.1 Waterborne
5.2.2 Conventional Solvent Borne
5.2.3 High Solid Solvent Borne
5.2.4 Powder Coating
5.2.5 Radiation Cured
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Wood Coating Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Wood Coating Market Size Forecast by Applications
6.2.1 Wooden Furniture
6.2.2 Wood Floor
6.2.3 Wooden Outdoor
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Wood Coating Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Wood Coating Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Wood Coating Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Wood Coating Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Wood Coating Market Size Forecast by Type
9.6.1 Waterborne
9.6.2 Conventional Solvent Borne
9.6.3 High Solid Solvent Borne
9.6.4 Powder Coating
9.6.5 Radiation Cured
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Wood Coating Market Size Forecast by Applications
9.10.1 Wooden Furniture
9.10.2 Wood Floor
9.10.3 Wooden Outdoor
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Wood Coating Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Wood Coating Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Wood Coating Market Size Forecast by Type
10.6.1 Waterborne
10.6.2 Conventional Solvent Borne
10.6.3 High Solid Solvent Borne
10.6.4 Powder Coating
10.6.5 Radiation Cured
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Wood Coating Market Size Forecast by Applications
10.10.1 Wooden Furniture
10.10.2 Wood Floor
10.10.3 Wooden Outdoor
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Wood Coating Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Wood Coating Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Wood Coating Market Size Forecast by Type
11.6.1 Waterborne
11.6.2 Conventional Solvent Borne
11.6.3 High Solid Solvent Borne
11.6.4 Powder Coating
11.6.5 Radiation Cured
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Wood Coating Market Size Forecast by Applications
11.10.1 Wooden Furniture
11.10.2 Wood Floor
11.10.3 Wooden Outdoor
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Wood Coating Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Wood Coating Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Wood Coating Market Size Forecast by Type
12.6.1 Waterborne
12.6.2 Conventional Solvent Borne
12.6.3 High Solid Solvent Borne
12.6.4 Powder Coating
12.6.5 Radiation Cured
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Wood Coating Market Size Forecast by Applications
12.10.1 Wooden Furniture
12.10.2 Wood Floor
12.10.3 Wooden Outdoor
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Wood Coating Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Wood Coating Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Wood Coating Market Size Forecast by Type
13.6.1 Waterborne
13.6.2 Conventional Solvent Borne
13.6.3 High Solid Solvent Borne
13.6.4 Powder Coating
13.6.5 Radiation Cured
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Wood Coating Market Size Forecast by Applications
13.10.1 Wooden Furniture
13.10.2 Wood Floor
13.10.3 Wooden Outdoor
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Wood Coating Market: Competitive Dashboard
14.2 Global Industrial Wood Coating Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Akzo Nobel
14.3.2 BASF
14.3.3 Nippon Paint
14.3.4 PPG Industries
14.3.5 RPM International
14.3.6 Sherwin Williams
14.3.7 DowDuPont
14.3.8 Valspar
14.3.9 Hempel
14.3.10 Henkel
14.3.11 Akzo Nobel
14.3.12 Hebei Chenyang Industry & Trade Group
