Home / Chemicals / Wood Coatings Market By System Type (Solvent-borne, Water-borne, High-solids), By Type (Preservatives, Stains & Varnishes, Shellacs, Others), By End User (Furniture, Flooring, Decking, Siding, Others) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Wood Coatings Market By System Type (Solvent-borne, Water-borne, High-solids), By Type (Preservatives, Stains & Varnishes, Shellacs, Others), By End User (Furniture, Flooring, Decking, Siding, Others) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Published: Aug 2017 | Report Code: 58636-08-17

The wood coatings functions in protecting the wood structures from interior to exterior. Prevention from moisture penetration and severe climatic conditions, necessitates wood coatings to ensure long term durability for its wood products. The growth in the construction activities coupled with the increase in spending power on repair and remoulding is expected to drive the global wood coatings market. 

Among the system type, solvent-borne segment accounted a major value share in 2016, and expected to lose share gradually by 2025. This is attributed by the harmful emissions through the use of organic solvents. However, the excellent finishing performance with technical advantages over others, marks the solvent-borne wood coatings to still dominate in the market.

Geographically, the Asia Pacific region registered a more than 45% value share in 2016 and expected to cater a significant growth by 2025. The government investments for the infrastructural development and initiatives towards housing schemes in countries such as India, Vietnam and ASEAN countries among others, is expected to propel the wood coatings market in the region. In China, the demand for water-borne wood coatings is on rise owing to the new tax reform on VOC emissions. In early 2015, the China government implemented the new tax with an objective to reduce the air pollution thereby benefitting the water-borne wood coating manufacturers. Overall, the global wood coating market is experiencing stringent environmental norms for VOCs and HAPs emissions, resulting in the gradual shift from solvent-borne coatings towards water-borne or high-solids coatings. 

Some of the key players present in this market are Teknos Group Oy, BASF SE, Akzo Nobel N.V., The Sherwin-Williams Company, Valspar Corporation, Covestro AG, PPG Industries, Inc., Morrells Wood Finishes, Axalta Coating Systems, LLC, Katilac Coatings Inc. among others. Mergers/acquisition and new product launch, are some of the strategies the companies are undertaking to mark their robust presence in the global wood coatings market. 

Wood Coatings Market

The report titled “Global Wood Coatings Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025” offers strategic insights into the global Wood Coatings market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on system type, coating type, end-use and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. 

In order to help the strategic decision makers, the report also includes profiles of the leading wood coating manufacturers, along with their, product portfolio and key developments. Other in-depth analysis provided in the report includes: 

  • Current and future market trends to justify the forthcoming attractive markets within the wood coating industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2015 – 2016)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global wood coating market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.

Chapter 1 Preface
1.1 Report Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Wood Coatings Market Revenue (US$ Bn)
2.2 Global Wood Coatings Market Revenue (US$ Bn), by Sytem Type
2.3 Global Wood Coatings Market Revenue (US$ Bn), by Coating Type
2.4 Global Wood Coatings Market Revenue (US$ Bn), by End User
2.5 Global Wood Coatings Market Revenue (US$ Bn), by Geography

Chapter 3 Global Wood Coatings Market Dynamics
3.1 Overview
3.2 Market Drivers
3.3 Challenges
3.4 Future Prospects
3.5 Attractive Investment Proposition by Geography, 2016
3.6 Market Positioning of Key Players

Chapter 4 Global Wood Coatings Market, by System Type
4.1 Overview
4.1.1 Global Wood Coatings Market Revenue Share, by System Type, 2016 & 2025 (% Value)
4.2 Solvent-borne
4.2.1 Global Wood Coatings Market Volume & Revenue, by Solvent-borne, 2015 – 2025 (Tons) & (US$ Bn)
4.3 Water-borne
4.3.1 Global Wood Coatings Market Volume & Revenue, by Water-borne, Revenue, 2015 – 2025 (Tons ) & (US$ Bn)
4.4 High-solids
4.4.1 Global Wood Coatings Market Volume & Revenue, by High-solids, 2015 – 2025 (Tons) & (US$ Bn)

Chapter 5 Global Wood Coatings Market, by Coating Type
5.1 Overview
5.1.1 Global Wood Coatings Market Revenue Share, by Coating Type, 2016 & 2025 (% Value)
5.2 Preservatives
5.2.1 Global Wood Coatings Market Volume & Revenue, by Preservatives, 2015 – 2025 (Tons) & (US$ Bn)
5.3 Stains & Varnishes
5.3.1 Global Wood Coatings Market Volume & Revenue, by Stains & Varnishes, Revenue, 2015 – 2025 (Tons ) & (US$ Bn)
5.4 Shellacs
5.4.1 Global Wood Coatings Market Volume & Revenue, by Shellacs, 2015 – 2025 (Tons) & (US$ Bn)
5.5 Others
5.5.1 Global Wood Coatings Market Volume & Revenue, by Others, 2015 – 2025 (Tons) & (US$ Bn)

Chapter 6 Global Wood Coatings Market, by End User
6.1 Overview
6.1.1 Global Wood Coatings Market Revenue Share, by End User, 2016 & 2025 (% Value)
6.2 Furniture
6.2.1 Global Wood Coatings Market Volume & Revenue, by Furniture, 2015 – 2025 (Tons) & (US$ Bn)
6.3 Flooring
6.3.1 Global Wood Coatings Market Volume & Revenue, by Flooring, Revenue, 2015 – 2025 (Tons ) & (US$ Bn)
6.4 Decking
6.4.1 Global Wood Coatings Market Volume & Revenue, by Decking, 2015 – 2025 (Tons) & (US$ Bn)
6.5 Siding
6.5.1 Global Wood Coatings Market Volume & Revenue, by Siding, 2015 – 2025 (Tons) & (US$ Bn)
6.6 Others
6.6.1 Global Wood Coatings Market Volume & Revenue, by Others, 2015 – 2025 (Tons) & (US$ Bn)

Chapter 7 Global Wood Coatings Market, by Geography
7.1 Overview

7.2 Global Wood Coatings Market Revenue Share, by Geography, 2016 & 2025 (Value %)

7.3 North America
7.3.1 North America Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.3.2 North America Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.3.3 North America Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
7.3.4 North America Wood Coatings Market Volume & Revenue, by Country, 2015-2025 (Tons) & (US$ Bn)
7.3.5 U.S. Wood Coatings Market Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.3.6 U.S. Wood Coatings Market Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.3.7 U.S. Wood Coatings Market Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
7.3.8 Canada Wood Coatings Market Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.3.9 Canada Wood Coatings Market Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.3.10 Canada Wood Coatings Market Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)

7.4 Europe
7.4.1 Europe Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.4.2 Europe Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.4.3 Europe Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
7.4.4 Europe Wood Coatings Market Volume & Revenue, by Region, 2015-2025 (Tons) & (US$ Bn)
7.4.5 EU 7 Wood Coatings Market Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.4.6 EU 7 Wood Coatings Market Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.4.7 EU 7 Wood Coatings Market Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
7.4.8 CIS Wood Coatings Market Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.4.9 CIS Wood Coatings Market Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.4.10 CIS Wood Coatings Market Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
7.4.11 Rest of Europe Wood Coatings Market Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.4.12 Rest of Europe Wood Coatings Market Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.4.13 Rest of Europe Wood Coatings Market Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)

7.5 Asia Pacific
7.5.1 Asia Pacific Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.5.2 Asia Pacific Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.5.3 Asia Pacific Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
7.5.4 Asia Pacific Wood Coatings Market Volume & Revenue, by Country, 2015-2025 (Tons) & (US$ Bn)
7.5.5 China Wood Coatings Market Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.5.6 China Wood Coatings Market Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.5.7 China Wood Coatings Market Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
7.5.8 India Wood Coatings Market Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.5.9 India Wood Coatings Market Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.5.10 India Wood Coatings Market Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
7.5.11 Japan Wood Coatings Market Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.5.12 Japan Wood Coatings Market Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.5.13 Japan Wood Coatings Market Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
7.5.14 Rest of Asia Pacific Wood Coatings Market Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.5.15 Rest of Asia Pacific Wood Coatings Market Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.5.16 Rest of Asia Pacific Wood Coatings Market Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)

7.6 Latin America
7.6.1 Latin America Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.6.2 Latin America Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.6.3 Latin America Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
7.6.4 Latin America Wood Coatings Market Volume & Revenue, by Country, 2015-2025 (Tons) & (US$ Bn)
7.6.5 Brazil Wood Coatings Market Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.6.6 Brazil Wood Coatings Market Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.6.7 Brazil Wood Coatings Market Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
7.6.8 Mexico Wood Coatings Market Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.6.9 Mexico Wood Coatings Market Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.6.10 Mexico Wood Coatings Market Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
7.6.11 Argentina Wood Coatings Market Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.6.12 Argentina Wood Coatings Market Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.6.13 Argentina Wood Coatings Market Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
7.6.14 Rest of Latin America Wood Coatings Market Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.6.15 Rest of Latin America Wood Coatings Market Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.6.16 Rest of Latin America Wood Coatings Market Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)

7.7 Middle East and Africa (MEA)
7.7.1 Middle East & Africa Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.7.2 Middle East & Africa Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.7.3 Middle East & Africa Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
7.7.4 Middle East & Africa Wood Coatings Market Volume & Revenue, by Country, 2015-2025 (Tons) & (US$ Bn)
7.7.5 GCC Countries Wood Coatings Market Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.7.6 GCC Countries Wood Coatings Market Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.7.7 GCC Countries Wood Coatings Market Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
7.7.8 South Africa Wood Coatings Market Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.7.9 South Africa Wood Coatings Market Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.7.10 South Africa Wood Coatings Market Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
7.7.11 Rest of Middle East & Africa Wood Coatings Market Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
7.7.12 Rest of Middle East & Africa Wood Coatings Market Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
7.7.13 Rest of Middle East & Africa Wood Coatings Market Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)

Chapter 8 Company Profiles
8.1 Teknos Group Oy
8.2 BASF SE
8.3 Akzo Nobel N.V.
8.4 The Sherwin-Williams Company
8.5 Valspar Corporation
8.6 Covestro AG
8.7 PPG Industries, Inc.
8.8 Morrells Wood Finishes
8.9 Other Notable Players

List of Figures

FIG. 1 Global Wood Coatings Market: Research Methodology
FIG. 2 Global Wood Coatings Market Volume & Revenue (Tons) & (US$ Bn), by System Type, 2016
FIG. 3 Global Wood Coatings Market Volume & Revenue (Tons) & (US$ Bn), by Coating Type, 2016
FIG. 4 Global Wood Coatings Market Volume & Revenue (Tons) & (US$ Bn), by End User, 2016
FIG. 5 Global Wood Coatings Market Volume & Revenue (Tons) & (US$ Bn), by Geography, 2016
FIG. 6 Attractive Investment Proposition, by Geography
FIG. 7 Market Positioning of Key Players
FIG. 8 Global Wood Coatings Market Revenue Share, by System Type, 2016 & 2025 (% Value)
FIG. 9 Global Wood Coatings Market Revenue, by Solvent-borne, 2015 – 2025 (US$ Bn)
FIG. 10 Global Wood Coatings Market Revenue, by Water-borne, 2015 – 2025 (US$ Bn)
FIG. 11 Global Wood Coatings Market Revenue, by High-solids, 2015 – 2025 (US$ Bn)
FIG. 12 Global Wood Coatings Market Revenue Share, by Coating Type, 2015 – 2025 (% Value)
FIG. 13 Global Wood Coatings Market Revenue, by Preservatives, 2015 – 2025 (US$ Bn)
FIG. 14 Global Wood Coatings Market Revenue, by Stains & Varnishes, 2015 – 2025 (US$ Bn)
FIG. 15 Global Wood Coatings Market Revenue, by Shellacs, 2015 – 2025 (US$ Bn)
FIG. 16 Global Wood Coatings Market Revenue, by Others, 2015 – 2025 (US$ Bn)
FIG. 17 Global Wood Coatings Market Revenue Share, by End User, 2015 – 2025 (% Value)
FIG. 18 Global Wood Coatings Market Revenue, by Furniture, 2015 – 2025 (US$ Bn)
FIG. 19 Global Wood Coatings Market Revenue, by Flooring, 2015 – 2025 (US$ Bn)
FIG. 20 Global Wood Coatings Market Revenue Share, by Decking, 2015 – 2025 (% Value)
FIG. 21 Global Wood Coatings Market Revenue Share, by Siding, 2015 – 2025 (% Value)
FIG. 22 Global Wood Coatings Market Revenue Share, by Others, 2015 – 2025 (% Value)
FIG. 23 Global Wood Coatings Market Revenue Share, by Geography, 2016 & 2025 (Value %)

List of Tables

TABLE 1 Market Snapshot: Global Wood Coatings Market Volume & Revenue
TABLE 2 North America Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 3 North America Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 4 North America Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 5 North America Wood Coatings Market Volume & Revenue, by Country, 2015-2025 (Tons) & (US$ Bn)
TABLE 6 U.S. Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 7 U.S. Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 8 U.S. Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 9 Canada Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 10 Canada Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 11 Canada Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 12 Europe Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 13 Europe Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 14 Europe Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 15 Europe Wood Coatings Market Volume & Revenue, by Region, 2015-2025 (Tons) & (US$ Bn)
TABLE 16 EU7 Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 17 EU7 Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 18 EU7 Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 19 CIS Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 20 CIS Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 21 CIS Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 22 Rest of Europe Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 23 Rest of Europe Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 24 Rest of Europe Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 25 Asia Pacific Wood Coatings Market Volume &Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 26 Asia Pacific Wood Coatings Market Volume &Revenue, by Coaing Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 27 Asia Pacific Wood Coatings Market Volume &Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 28 Asia Pacific Wood Coatings Market Volume & Revenue, by Country, 2015-2025 (Tons) & (US$ Bn)
TABLE 29 China Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 30 China Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 31 China Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 32 India Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 33 India Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 34 India Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 35 Japan Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 36 Japan Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 37 Japan Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 38 Rest of Asia Pacific Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 39 Rest of Asia Pacific Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 40 Rest of Asia Pacific Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 41 Latin America Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 42 Latin America Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 43 Latin America Wood Coatings Market Volume &Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 44 Brazil Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 45 Brazil Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 46 Brazil Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 47 Mexico Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 48 Mexico Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 49 Mexico Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 50 Argentina Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 51 Argentina Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 52 Argentina Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 53 Rest of Latin America Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 54 Rest of Latin America Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 55 Rest of Latin America Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 56 MEA Wood Coatings Market Volume &Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 57 MEA America Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 58 MEA America Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 59 GCC Countries Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 60 GCC Countries Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 61 GCC Countries Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 62 South Africa Countries Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 63 South Africa Countries Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 64 South Africa Countries Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 65 Rest of MEA Wood Coatings Market Volume & Revenue, by System Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 66 Rest of MEA Wood Coatings Market Volume & Revenue, by Coating Type, 2015-2025 (Tons) & (US$ Bn)
TABLE 67 Rest of MEA Wood Coatings Market Volume & Revenue, by End User, 2015-2025 (Tons) & (US$ Bn)
TABLE 68 Teknos Group Oy: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 69 BASF SE: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 70 Akzo Nobel N.V.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 71 The Sherwin-Williams Company: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 72 Valspar Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 73 Covestro AG: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 74 PPG Industries, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 75 Morrells Wood Finishes: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)

For the purpose of this study, the global wood coatings market by system type is categorized into:

  • Solvent-borne
  • Water-borne
  • High-solids

The wood coatings are required for the durability and aesthetics of wood products. The wood coatings are produced with different systems, which consists of organic solvents, water or high solids as the principle formulation base. The solvent-borne wood coatings effectively transfers the solids on to the timber but are responsible for high VOC’s emissions. These emissions results in environmental problems and hence the wood coatings industry is governed with stringent regulations and policies. The solvent-borne coatings was estimated to account more than 45% value share in 2016, is expected to lose share gradually by 2025. This is attributed by the shift in the technology, from solvent-borne towards high solids and water-borne systems. The technical performance such as transfer rate of solids, quick evaporation of solvents and efficient coatings, are the factors supporting the market of solvent-borne systems to record slow growth.  

The wood coatings of water-borne systems are environmental friendly with very low to no VOC emissions. The high-solids type are high viscosity coatings which are applied by rolling method and widely used for wood floorings.  The increasing demand for high durability and quick curing is expected to boost the wood coatings market by high-solids type, registering a fast pace growth by 2025.

Wood Coatings Market

For the purpose of this study, the global wood coatings market by coating type is categorized into:

  • Preservatives
  • Stains & Varnishes
  • Shellacs
  • Others (Wax, oil, etc.)

The wood logged from the forest undergoes preservation treatments to prevent the degradation caused by fungi, algae, and bacteria’s etc. The wood preservatives are essential for interior as well as exterior protection of wood. For instance, preservatives such as biocides, alkaline copper quaternary (ACQ), azoles works on interior wood protection whereas varnishes, shellacs and oils functions for exterior protection. The growing demand for wood in the construction works is expected to drive the preservatives market and expected to account more than 30% value share by 2025. The wood usage in flooring, decking or windows provides fine aesthetic looks, but can also lead to the fatal incidents thereby burning in minutes. Thus, preservatives such as fire-retardants, water-repellants and insect repellants are important and anticipated to record steady growth prospects. 

The stains contains dyes and pigments which are either suspended in agents/solvents or directly mixed with wood finishes such as varnish. Varnish are applied on wood stains offering tough protective finish. The growing demand for on-stop finish to the furniture’s, is expected to gain momentum for the stains and varnishes segment, and expected to grow at relatively high CAGR by 2025.

Wood Coatings Market

 

For the purpose of this study, the global wood coatings market by end user is categorized into:

  • Furniture
  • Flooring
  • Decking
  • Siding
  • Others (Landscape, windows, doors etc.)

The increased development in residential construction benefit wood coatings market, primarily for furniture, flooring and decking end user. The furniture segment accounted value share of more than 25% followed by flooring segment in 2016. The growing demand for high-quality and durable furniture products coupled with hard wearing surfaces propels the wood coatings market for furniture segment.

The flooring and decking generally uses hardwood or engineered woods, which are the common choices for residential properties. The floorings are required to have slip resistance and durability for higher shelf life and thus drives wood coating market for flooring and decking. However, the wood floorings are expensive, and its maintenance and replacements are also highly valued. Vinyl floor titles with wooden floor style are new substitutes in the market with much cheaper value than wood. Such a substitute for flooring & decking might impact the growth of wood coating market.

Wood Coatings Market

 

On the basis of geography, the global wood coatings market is segmented as per following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • EU7
    • CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Asia Pacific accounts for the major share of the global wood coatings market with more than 45% in terms of value in 2016. The wood coating market expansion is fuelled by the growth in the construction industry especially in India, China and ASEAN countries in Asia Pacific. With an objective to diversify the economy and the revenue systems of the governments, the emerging countries are initiating infrastructural projects. For instance, according to the India Brand Equity Foundation, in FY 2016-17 the country gained US$ 3.49 Bn infrastructural deals and US$ 10.49 Bn towards urban development for the Maharashtra state in India. Also, multinationals are investing in these countries to capitalize on vast opportunities.  For instance, the Meinhardt Group, a Singapore based engineering company plans to establish its base to meet urban developments in India. The optimistic development for commercial as well as residential projects in Asia Pacific region is expected to influx growth for wood coatings market during the forecast period.

The wood coatings market in North America and Europe, is expected to grow steadily with significant adoption of water-borne systems. In these regions, wood is the most preferred choice for home constructions and thus the demand for wood coatings is robust.

Wood Coatings Market

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