Market Overview:
The global wood varnishes 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 varnishes from residential, commercial, and industrial applications. In terms of type, water based varnishes are expected to witness high growth during the forecast period as they are environment-friendly and possess low VOC emissions. In terms of region, Asia Pacific is expected to lead the global wood varnishes market with highest CAGR during the forecast period owing to rising demand from countries such as China and India.
Product Definition:
A wood varnish is a type of finish that is applied to wood to protect it from the elements and to give it a glossy or matte finish. Wood varnishes are typically made from oil, resin, and pigment. They can be used on both interior and exterior surfaces, and they come in a variety of colors. Wood varnishes are important because they protect the wood from water damage, sun damage, and other environmental hazards. They also make the wood look nicer by giving it a glossy or matte finish.
Water Based Varnishes:
Water-based varnishes are thin, water-soluble, and non-toxic to the environment. They can be easily removed with water or other solvents. These products have low Volatile Organic Compounds (VOCs) content as compared to solvent based variants. VOC free products do not comprise toxic substances such as formaldehyde and acetone which are present in high concentrations in solvent based varnishes.
Oil Based Varnishes:
Oil-based varnishes are primarily used to enhance the appearance and durability of wooden products. They are also used in some cases where wood is not suitable as a finish material. Owing to their water-resistant properties, these can be applied over any type of wood surface; however, they do have less penetration into the pores of very porous surfaces such as old furniture or doors with many coats being required for good results.
Application Insights:
The global wood varnishes market is segmented on the basis of application into residential, commercial and industrial. The residential sector was the largest application segment in 2017 and accounted for over 50% of total demand. Increasing consumer disposable income levels coupled with rising real estate prices has led to an increase in demand for wooden flooring products in this sector globally.
The growing importance of natural materials that are eco-friendly has driven manufacturers to develop new formulations that offer aesthetic appeal along with durability and strength as compared to traditional oil-based stains or paints used for exterior applications.
Regional Analysis:
North America emerged as the largest regional market in 2017. The growth of this region is attributed to the rising demand for wood varnishes from residential and commercial applications. In addition, increasing number of manufacturers coupled with growing awareness regarding maintenance and protection of wooden surfaces is expected to drive the product demand over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions during 2018 - 2030 owing to rapid industrialization along with increasing construction activities in emerging economies including China, India, Indonesia, Malaysia Philippines Thailand Vietnam etc.
Europe was valued at USD X million in 2017 and it is projected that it will expand at a CAGR exceeding 6% from 2018 till 2030 owing to high consumption levels across major countries including Germany Italy Spain U.
Growth Factors:
- Increasing demand from the construction industry for wood varnishes as a protective and decorative coating is expected to drive the growth of the wood varnishes market.
- Rising demand for wood varnishes in furniture manufacturing and other end-use industries is also anticipated to fuel market growth over the forecast period.
- Growing awareness about benefits of using wood varnishes, such as protection against weathering, fading, and scratching is projected to boost demand for these products in the coming years.
- Technological advancements in production processes are likely to result in lower production costs of wood varnishes, which is expected to spur their adoption over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wood Varnishes Market Research Report
By Type
Water Based Varnishes, Oil Based Varnishes, Solvent Based Varnishes, Others
By Application
Residential, Commercial, Industrial
By Companies
BASF, Dulux, Ronseal, Valspar, Barpimo, PPG Industries, Kansai Paint, Nippon Paint Holdings, BASF
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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Wood Varnishes Market Report Segments:
The global Wood Varnishes market is segmented on the basis of:
Types
Water Based Varnishes, Oil Based Varnishes, Solvent Based Varnishes, 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
Residential, Commercial, Industrial
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:
- BASF
- Dulux
- Ronseal
- Valspar
- Barpimo
- PPG Industries
- Kansai Paint
- Nippon Paint Holdings
- BASF
Highlights of The Wood Varnishes 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:
- Water Based Varnishes
- Oil Based Varnishes
- Solvent Based Varnishes
- Others
- By Application:
- Residential
- Commercial
- Industrial
- 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 Wood Varnishes 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?
Wood varnishes are a type of finish that is applied to wood to protect it from the elements and make it look nicer. They can be made from a variety of different materials, including oils, lacquers, and sealants.
Some of the major players in the wood varnishes market are BASF, Dulux, Ronseal, Valspar, Barpimo, PPG Industries, Kansai Paint, Nippon Paint Holdings, BASF.
The wood varnishes market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wood Varnishes 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 Wood Varnishes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wood Varnishes 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 Wood Varnishes 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 Wood Varnishes Market Size & Forecast, 2018-2028
4.5.1 Wood Varnishes Market Size and Y-o-Y Growth
4.5.2 Wood Varnishes Market Absolute $ Opportunity
Chapter 5 Global Wood Varnishes 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 Wood Varnishes Market Size Forecast by Type
5.2.1 Water Based Varnishes
5.2.2 Oil Based Varnishes
5.2.3 Solvent Based Varnishes
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wood Varnishes 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 Wood Varnishes Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wood Varnishes 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 Wood Varnishes 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 Wood Varnishes Analysis and Forecast
9.1 Introduction
9.2 North America Wood Varnishes 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 Wood Varnishes Market Size Forecast by Type
9.6.1 Water Based Varnishes
9.6.2 Oil Based Varnishes
9.6.3 Solvent Based Varnishes
9.6.4 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 Wood Varnishes Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
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 Wood Varnishes Analysis and Forecast
10.1 Introduction
10.2 Europe Wood Varnishes 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 Wood Varnishes Market Size Forecast by Type
10.6.1 Water Based Varnishes
10.6.2 Oil Based Varnishes
10.6.3 Solvent Based Varnishes
10.6.4 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 Wood Varnishes Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
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 Wood Varnishes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wood Varnishes 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 Wood Varnishes Market Size Forecast by Type
11.6.1 Water Based Varnishes
11.6.2 Oil Based Varnishes
11.6.3 Solvent Based Varnishes
11.6.4 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 Wood Varnishes Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
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 Wood Varnishes Analysis and Forecast
12.1 Introduction
12.2 Latin America Wood Varnishes 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 Wood Varnishes Market Size Forecast by Type
12.6.1 Water Based Varnishes
12.6.2 Oil Based Varnishes
12.6.3 Solvent Based Varnishes
12.6.4 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 Wood Varnishes Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
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) Wood Varnishes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wood Varnishes 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) Wood Varnishes Market Size Forecast by Type
13.6.1 Water Based Varnishes
13.6.2 Oil Based Varnishes
13.6.3 Solvent Based Varnishes
13.6.4 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) Wood Varnishes Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
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 Wood Varnishes Market: Competitive Dashboard
14.2 Global Wood Varnishes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Dulux
14.3.3 Ronseal
14.3.4 Valspar
14.3.5 Barpimo
14.3.6 PPG Industries
14.3.7 Kansai Paint
14.3.8 Nippon Paint Holdings
14.3.9 BASF
