Global Wood Coatings Market Analysis–Trends, Insights and Forecast (2021-2027)

  • Publish Date
    August 12, 2021
  • No of Pages
  • SKU Code
    GIR 7069
  • Format

Global Wood Coating Market – Overview

  • The report will cover the overall analysis and insights in relation to the size and growth rate of the “Global wood Coating Market ” by various segments at a global and regional level for the 2014-2027 period, with 2014-2019 as historical data, 2020 as a base year, 2021 as an estimated year and 2021-2027 as forecast period.

Global Wood Coating Market – Introduction

  • Wood coating’s basic function is to protect the surface of the substrate and to preserve its qualities, looks against the environment, daily wear and tear, and natural decay. It is also employed to enhance the appearance of the substrate. There are different techniques of its application such as rolling, spraying, dipping, curtain coating, brushing, manual application and etc. Product used for coating is wax, shellac, nitrocellulose lacquer, conversion varnish, polyurethane varnish, water-based polyurethane, and oil wood finishes.
  • The coating protects the wood against UV exposure, daily use, and handling or damaging. Wood coating resins for outdoor use offer both high gloss and matte finishes and can also be pigmented to offer color options. Based on the resin type, the market is classified into Acrylic, Nitrocellulose, Polyester, Polyurethane, and Others. Based on the application, the market is bifurcated into Water-borne, Solvent-borne, and UV-cured. Various applications of word coatings are Furniture & Fixture, Doors & Windows, Cabinet, and Other.

Wood Coatings

Global wood Coating Market Report Scope

  • The scope of the report covers the clear understanding and overview of the product.
  • Analysis of market trends in the region, with market data considering 2020 as the base year, 2021 as the estimate year and forecast for 2027 with projection of CAGR from 2021 to 2027.
  • The Global wood Coating Market report covers discussion of economic trends and technology.
  • Global wood Coating Market estimates represent revenue.
  • In-depth analysis of the market segmentation assists in determining the prevailing market scope.
Attribute Details
Market size available for years 2014–2027
Base year considered 2020
Forecast period 2021–2027
Historical period 2014-2019
Forecast units Value (USD) & Volume (Million Units)
Forecast units Value (USD) & Volume (Million Units)
Segmentation By Regions
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
By Countries
United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Indonesia, Malaysia, Switzerland, Australia, India, Italy, Sweden, Spain, Belgium, Netherlands, Norway, Brazil, Argentina, Mexico, South Africa and 54 Others.
By Coating Type
Stains & varnishes, Shellac coating, Wood preservatives, Water repellents and Other.
By Technology
Waterborne, Conventional Solid Solvent Borne, High Solid Solvent Borne, Powder Coating, Radiation Cured and Other.
By Application Method
Roll coating & brush coating, Vacuum coating, Spray coating and Others.
By End-User

Furniture, Cabinets, Siding, Flooring & decking and Others.

Companies covered Arkema SA; Ashland Inc.; Asian Paints; Akzonobel N.V.; Axalta Coatings Systems; BASF SE; DSM; Eastman Chemical; Evonik Company; Hempel A/S; ICI Paints; IVM Group; Kansai Paint Co., Ltd.; Nippon Paint Co. Ltd.;  PPG Industries Inc.;  RPM International Inc.; Stahl Holdings;  Teknos Group; The Dow Chemical Company; The Sherwin-Williams Company; The Valspar Corporation and Others.

Segments Covered in Global Wood Coating Market

  • The market has been segmented on the basis of application method, coating type, end-user, and regions in terms of value. The market segments by application method include roll coating & brush coating, vacuum coating, spray coating, and others. The market segments for coating type includes stains & varnishes, shellac, wood preservatives, water repellants, and others. The geographic segmentation includes market size and share of North America, Europe, Asia-Pacific, and RoW.
  • This report provides a complete analysis of key companies and competitive analysis of developments recorded in the industry over the last five years. In the report, market drivers, restraints, opportunities, and challenges have been discussed in detail.

Covid-19 Impact on the Global Wood Coating Market

  • COVID-19 is a new strain of corona-virus that has not been previously identified in humans. Corona-viruses (CoV) are a family of RNA (ribonucleic acid) viruses. COVID-19 started in Asia and is now spreading over the rest of the world via person-to-person contact and community spread. COVID-19 pandemic may have a potential impact on Global Market.

Recent Developments in Global Wood Coating Market

  • February 2017, BASF SE, a Germany-based chemicals manufacturing company, launched new light stabilizers for wood and metal coatings. The products are from Tinuvin 29 and Tinuvin DW (N) range that will fulfill increasing demand for high-performance light stabilizers.
  • May 2019, Ashland, Inc., a specialty chemicals company, launched Aquaflow NMS-460E rheology modifier, which is a high-performing, efficient synthetic thickener that is used in wood coatings.
  • December 2018, Rust-Oleum, a subsidiary of RPM International, Inc. acquired Siamons International Inc., a provider of non-toxic specialty mold cleaners.

Key Market Players in Global Wood Coating Market

  • The major players in the Global Wood Coating Market are Akzonobel N.V.; The Sherwin-Williams Company; BASF SE; Hempel A/S; The Valspar Corporation; The Dow Chemical Company; RPM International Inc.; Nippon Paint Co. Ltd.; Arkema SA; Ashland Inc.
  • Also, the Global Wood Coating Market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

Objectives of the Global Wood Coating Market Study

  • To provide detailed information regarding drivers, restraints, opportunities and challenges are influencing the growth in the Global Wood Coating Market.
  • To analyze the competitive intelligence of players based on company profiles and their key growth strategies.
  • To strategically analyze micro markets with respect to the individual growth trends, their prospects, and their contribution to the total Global Wood Coating Market.
  • To analyze competitive developments such as expansions, and product launches, along with research & development (R&D) activities undertaken in the Global Wood Coating Market.
  • A unique model is created customized for each study also offers suggestions that help enterprises to identify and mitigate risks.



  • Global Industry Reports will also support you post-purchase for a period of 6 months to answer any of your queries related to the following market and to provide you any more data if you need, for your analysis.
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Objectives of the study

Market definition

Market scope



Summary of changes


Research data

Secondary data

Primary data

Factor Analysis

Overview of the Parent Industry

Demand-Side Analysis

Rising Population

Increase in Gdp Growth Rate

Construction Industry

Supply-Side Analysis


Research & Development

Growth of Parent Industry

Market size estimation

Market breakdown & data triangulation

Market share analysis

Risk assessment/limitations

Assessment of the impact of covid-19 on the economic scenario




Market dynamics

Market drivers

Increasing Urbanized Population

Recovery of Global Economy

Growth in the Protective Coating Market

Rise in New Constructions

Renovations and Remodeling


Market restraints

Prolonged Recession in Some Parts of Europe


Emergence of New Product Developments and Technologies

Demand for Low Voc Coatings

Emerging Markets in the Asia-Pacific Region


Creating Awareness About the Benefits of Wood Coating

Controlling Prices to Ensure Affordability



Supply Chain

Industry trends

Porter’s Five Forces Analysis

Bargaining Power of Buyers

Intensity of Competitive Rivalry

Bargaining Power of Suppliers

Threat of New Entrants

Threat of Substitutes

Strategic Benchmarking

Strategic Acquisitions, Agreements, Partnerships, Investments & Expansions


Stains & varnishes

Shellac coating

Wood preservatives

Water repellents

and Others


Roll coating & brush coating

Vacuum coating

Spray coating

and Others





Flooring & decking

and Others



North America








Rest of Europe

Asia Pacific




Rest of Asia Pacific

Rest of the World

Latin America

Middle East & Africa



Footprint analysis of the top players in the global wood coating market

Product & service portfolio matrix

Market share analysis

Company evaluation quadrant

Company evaluation quadrant for start-ups/smes

Competitive scenario


(Business overview, Products & services offered, Recent Developments, Competitive analysis, SWOT Analysis,)

  1. Akzonobel N.V.
  2. The Sherwin-Williams Company
  3. BASF SE; Hempel A/S
  4. The Valspar Corporation
  5. The Dow Chemical Company
  6. RPM International Inc.
  7. Nippon Paint Co. Ltd.
  8. Arkema SA
  9. Ashland Inc.
  10. Others 140+.


Discussion guide

Available customizations

Related reports


Research Methodology is the process used to collect information and data for the purpose of making business decisions. The success of a research project is entirely dependent on the research methodology adopted by the company. Research Methodology and Scope We have implemented a mix of primary and secondary research for our market estimate and forecast. Secondary research formed the initial phase of our study, where we conducted extensive data mining, referring to verified data sources such as independent studies, company annual reports, white papers, case studies, government and regulatory published articles, technical journals, magazines, and paid data sources. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for respective regions. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the respective regions. The primary data has been collected through questionnaires, e-mails, and telephonic interviews, end-user surveys, consumer surveys, technology distributors and wholesaler’s surveys.

  • Quantitative methods (e.g. surveys) are best for measuring, ranking, categorizing, identifying patterns and making generalizations
  • Qualitative methods (e.g. interviews) are best for describing, interpreting, contextualizing, and gaining in-depth insight into specific concepts or phenomena
  • Mixed methods allow for a combination of numerical measurement and in-depth exploration.

Market drivers and restraints, along with their current and expected impacts, technological scenario and expected developments, end-use industry trends and dynamics  and consumer behavior trends  these forecasting parameters were considered.

Ethical approach, attention to detail, consistency, latest trend in the market and highly authentic source these are benefits of company’s research methodology.

Global Industry Reports

Market size estimation methodology top-down and bottom-up approaches

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the virtual reality market. These methods have also been extensively used to estimate the sizes of various market subsegments. Estimating the size of the market in each region by adding the sizes of country-wise markets and tracking the ongoing and upcoming implementation of virtual reality projects by various companies in each region and forecasting the size of the virtual reality market based on these developments and other critical parameters, including COVID-19 related impacts

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. It provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, company profiles, key player strategies competitive developments and key developments) influencing the virtual reality market growth.

Statistical Model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis.

Frequently Asked Questions ?

The rise in construction activities coupled with an increasing trend toward home furniture, home decor, & updated interiors, and an upsurge in the disposable income of consumers are foreseen to impede the growth of the market.

The major players in the Global Wood Coating Market are Akzonobel N.V.; The Sherwin-Williams Company; BASF SE; Hempel A/S; The Valspar Corporation; The Dow Chemical Company; RPM International Inc.; Nippon Paint Co. Ltd.; Arkema SA; Ashland Inc.

The Global Wood Coating Market Segmented On The Basis Of Resin Type, Technology, Application And Geography.