Wood Coatings Market Size Projected to Surge to USD 30.1 Billion by 2034, Growing at an 8.5% CAGR: Transparency Market Research
With the rise of technologies and remodeling and renovation activities, wood coating demand is expected to rise significantly.
Wilmington, Delaware, United States, Transparency Market Research, Inc. , Oct. 07, 2024 (GLOBE NEWSWIRE) — The wood coatings industry (صناعة الطلاءات الخشبية) generated a value of US$ 12.3 billion in 2023. A CAGR of 8.5% is expected between 2024 and 2034, and it is expected to
Global Wood Coatings Market: Competitive Landscape
Companies that manufacture wood sealants and hardwood coatings are increasing their investments to meet the growing demand for waterproof and aesthetically pleasing furniture.
In a competitive landscape, prominent companies maintain a stronghold by collaborating closely with each other and outsourcing manufacturing. A number of dominant players in this sector have also been involved in mergers and acquisitions.
Key Players
- Akzo Nobel N.V.
- Asian Paints
- BASF SE
- Berger Paints India Ltd
- Kansai Nerolac Paints Limited
- Nippon Paint Holdings Co., Ltd
- PPG Industries, Inc.
- RPM International Inc.
- The Sherwin-Williams Company
- Teknos Group
- Dow
- Ashland
Key Developments
- In August 2023, AkzoNobel, a global leader in industrial wood coatings, announced a new campaign to help EMEA businesses become more sustainable and improve their environmental performance.
- In January 2024, Sherwin-Williams introduced a revolutionary new waterborne wood coating that is environmentally adaptable (EA) Hydroplus. It can be applied in a wide range of conditions without sacrificing performance typically associated with waterborne coatings due to their productivity-sapping characteristics.
Global Wood Coatings Market: Segmentation
Resin Type
- Polyurethane
- Acrylics
- Melamine Formaldehyde
- Nitrocellulose
- Others
Product Type
- Stains & Varnishes
- Shellacs
- Lacquers
- Others
Technology Type
- Oil-based
- Water-based
- Solvent-based
Application Type
- Furniture
- Cabinets
- Sides & Decks
- Others
Region
- North America
- Latin America
- Asia Pacific
- Europe
- Middle East & Africa
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