Published by Coherent Market Insights
Posted on September 29, 2021
4 min readLast updated: February 1, 2026
The global wood coatings market is analyzed with forecasts from 2020 to 2024, highlighting key players and growth trends, especially in Asia Pacific.
A detailed report on Global Wood Coatings providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027. The research study offers complete analysis of critical aspects of the global Wood Coatings , including competition, segmentation, geographical progress, manufacturing cost analysis, and price structure. We have provided CAGR, value, volume, sales, production, revenue, and other estimations for the global as well as regional markets.
Wood coatings are additives or mixtures that are added to the end wood product, primarily to preserve the overall quality of the finished product, in terms of durability, color, and texture. Wood coatings cover a broad range of products including stains, varnishes, paints, and supporting ancillary products for indoor and outdoor purposes. The coating is applied after the wood surface is stained and prepared. The process of applying coating to a finished wood product is known as wood finishing. Finishing is the last step of the production process and provides desirable characteristics such as moisture and heat resistance, increased durability, and enhanced appearance to the wood surface. Finishing also helps keep the end-product sanitized and easier to maintain.
Top Key Players in Wood Coatings market: BASF, SE, Arkema, SA, Ashland, Inc., RPM, International, Inc., Hempel, A/S, AkzoNobel, N.V., Premium, Coatings, Chemicals, Pvt., Ltd., and, Nippon, Paint, Co., Ltd.
Regional Analysis For Wood Coatings Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Wood Coatings market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Wood finishing is used by manufacturers of wooden furniture and related furnishings to give low-cost wood the appearance and texture of higher-end wood. These items are mostly aimed at price-sensitive countries like Asia Pacific and Latin America. According to a study done by Coherent Market Insights (2016), over 68 percent of the Indian populace was interested in purchasing low-cost wood things that appeared to be high-end. These customers are less concerned with the quality of the wood and are more concerned with its visual appeal.
Growing construction sector coupled with increasing population is estimated to boost the global wood coatings market over the forecast period. According to a study conducted by Coherent Market Insights, the global construction industry is projected to be pegged at over US$ 15 trillion by 2024, with Asia Pacific as the growth engine, expected to exhibit the highest CAGR of 30% over the forecast period (2016–2024). Growing population is a key contributor for growth of the construction industry. Wooden selves and displays are widely used in the retail sector, in order to enhance the aesthetic appeal of merchandising products being displayed. The rapid growth of retail industry is, thus another factor fueling growth of the wood coatings market.
Asia Pacific is expected to retain its dominance in the global wood coatings market throughout the forecast period. Conversely, health issues associated with the coating ingredients is one of the major restraining factors for the market growth. Health issues such as skin and eye irritation, and asthma associated with direct contact with wood coatings, pose as major drawbacks for the market. In addition, constant exposure to air and sun, result in fading of these coatings over time, making the damaged areas appear yellowish.
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The post Wood Coatings market key vendors, types, application and forecast 2020-2024 appeared first on Gatorledger.
The article discusses the global wood coatings market, including key vendors, market dynamics, and forecasts from 2020 to 2024.
What are the key growth drivers for the wood coatings market?
Which regions are expected to dominate the wood coatings market?
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