Wood Coatings Market

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Wood Coatings Market Trends Forecast Till 2031
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Wood Coatings Market Trends Forecast Till 2031
Wood Coatings Market, By Resins (Polyurethane,
Nitrocellulose, Acid-curing, Polyester, and
Others), By Formulating Technology
(Solvent-borne, Water-borne, UV-cured, and
Others), By Application (Furniture, Cabinets,
Siding, Flooring, and Others) and region (North
America, Europe, Asia-Pacific, Middle East and
Africa and South America).
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Market Overview
The global Wood Coatings Market size was
estimated at USD 13,200 million in 2024 and is
projected to reach USD 17,605.4 million in 2031
at a CAGR of 4.2 during the forecast period
2025-2031. The wood coatings market refers to
products designed to protect and enhance the
appearance of wood surfaces. These coatings are
applied to furniture, cabinetry, flooring, and
other wooden structures to improve their
durability and aesthetic appeal. Wood coatings
are commonly available in various forms such as
stains, varnishes, lacquers, oils, and paints,
and are used in both residential and commercial
applications. The primary function of these
coatings is to protect wood from moisture, UV
rays, scratches, and other environmental factors,
while providing an attractive finish that
enhances the natural beauty of the
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Key Findings
The polyurethane segment is expected to hold a
significant share of the global wood coatings
market. Polyurethane resins, available in
one-component and two-component formulations, are
highly favored for their ability to provide wood
surfaces with a finish that offers exceptional
surface hardness, chemical resistance, and
mechanical durability.  The nitrocellulose
segment is projected to see rapid growth in the
coming years. Nitrocellulose-based lacquers are
widely used in wood finishing due to their
ability to provide a high-quality finish,
excellent polishing properties, and ease of
drying. In terms of formulating technology, the
water-borne segment is expected to expand rapidly
due to its low VOC content, which makes it a more
environmentally friendly option compared to
solvent-borne coatings. While solvent-borne
coatings have traditionally dominated,
particularly in the furniture industry, the shift
towards water-borne alternatives is driven by
stricter VOC regulations and the need to reduce
hazardous emissions. The furniture segment is
anticipated to lead the wood coatings market, as
coatings are essential for controlling moisture
content and maintaining the stability and
appearance of wood. By applying coatings to solid
wood furniture, manufacturers can preserve the
material's properties while enhancing its
ornamental appeal. Coatings also prevent moisture
from entering or evaporating prematurely, which
helps to reduce the risk of deformation.
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Key Findings
The market is also divided into various regions
such as North America, Europe, Asia-Pacific,
South America, and Middle East and Africa.
Asia-Pacific region is projected to hold the
largest market share. Factors such as
urbanization, construction activities, rising
disposable incomes, demand for eco-friendly
products, customization trends, real estate
development, consumer spending, and investment in
residential and commercial buildings have
triggered the Wood Coatings Market in the
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-coatings-market
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Competitive Landscape

• Evonik
• DSM
• Dow
• Akzo Nobel N.V.
• Asian Paints
• BASF SE
• Kansai Nerolac Paints Limited
• PPG Industries, Inc.
• RPM International Inc.
• The Sherwin-Williams Company
• Teknos Group

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Recent Developments
In early 2021, Axalta, a leading global supplier
of liquid and powder coatings, launched the Wood
Coatings Pro mobile app for iOS and Android
devices. This app offers quick and easy access to
product details, color trends in the industry,
and best practices, catering specifically to the
wood coatings market. Also, in early
2021, Dunn-Edwards unveiled DECOPRIME, a new
water-based wood primer designed for use on wood
surfaces like cabinets, doors, and trim in
kitchens and bathrooms. Along with DECOPRIME, the
company announced the upcoming release of DECOGLO
paint, a part of a two-product solution intended
for interior wood surfaces. In May 2021, Sikkens
Wood Coatings introduced the updated version of
CETOL, presenting a versatile and streamlined
exterior transparent system. This new formulation
expands options for manufacturers in the timber
joinery, construction, and cladding sectors.
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Contact Information
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