Global Wood Coating Market Trends, Forecast Report 2025-2037
Wood Coating Market size is poised to rise from USD 8.91 billion to USD 17.37 billion, demonstrating a CAGR of more than 5.4% during the forecast timeline, from 2025 through 2037. In the year 2025, the industry size of wood coating is evaluated at USD 9.29 billion.
The market growth can be ascribed to expansion of the construction industry as well as the rising construction processes that are anticipated to increase the utilization rate of wood coating across the world. It was calculated that the total spending in the U.S. construction sector amounted to around USD 2 trillion in 2020. The wood coating is applied to furniture, doors and other home interiors to protect them from external influences and to decorate them. To improve the durability and upgrade the appeal of the exteriors and interiors of houses, the wood coating is a preferred option in construction processes.
Wood Coating Sector: Growth Drivers and Challenges
Growth Drivers
- Growth in Demand for Furniture - The demand for furniture has considerably risen up in the past few years owing to the needs of people who are propelled to spend a portion on furniture to maintain the aesthetic look and upgrade the appearance. With furniture sales going up, the adoption rate of wood coating is expected to increase in the forecast period. As per a report published recently, it was anticipated that the global furniture sales revenue to reach approximately USD 300 billion in 2022.
- Rising Employment in Construction Industry – Recent calculations stated that there were almost 10 million construction workers in the United States, approximately 8% of the total working population as of 2021.
- Burgeoning Population - As per World Bank, the total population in the world stood at 7.76 billion in 2021, up from 7.09 billion in 2012.
- Increased Research & Development (R&D) Expenditure - As per World Bank, the Research and Development expenditure accounted for 2.63% of total GDP in 2020, up from 2.13% of total GDP in 2017.
Challenges
- Growing Costs of Raw Materials – owing to raw material shortages, and logistical challenges. The market has to adjust its planning and processes to continue service with limited products available.
- Stringent Government Rules on the Usage of Volatile Organic Compounds (VOC)
- Rising Concerns about Adverse Effects on the Environment
Wood Coating Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.4% |
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Base Year Market Size (2024) |
USD 8.91 billion |
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Forecast Year Market Size (2037) |
USD 17.37 billion |
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Regional Scope |
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Wood Coating Segmentation
Application (Furniture, Cabinets, Siding, Flooring)
The furniture segment is poised to garner substantial wood coating market share by 2037, on the account of rising furniture industry across the world and a surge in the popularity of coated furniture. The global furniture industry saw a growth rate of 2% in 2024."
Our in-depth analysis of the global includes the following segments:
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By Resins |
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By Technology |
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By Method |
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By Application |
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Customize this ReportWood Coating Industry - Regional Synopsis
The Asia Pacific wood coating market is estimated to account for largest revenue share by the end of 2037, owing to consumer spending on furniture along with rising disposable income. A recent report suggested that China spent approximately USD 70 billion on furniture in the year 2018.
Companies Dominating the Wood Coating Landscape
- Dunn-Edwards Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Koninklijke DSM N.V.
- AkzoNobel Hilden GmbH
- Evonik Industries AG
- The Dow Chemical Company
- BASF
- PPG Industries, Inc.
- Kansai Nerolac Paints Limited
- Sherwin-Williams Company
- Nippon Paint Holdings Group
In the News
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Dunn-Edwards Corporation - launched DECOGLO, an interior semi-gloss paint for cabinets, doors, and trim.
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Koninklijke DSM N.V. (DSM) - announced the completion of the sale of its Protective Materials business to Avient Corporation.
Author Credits: Rajrani Baghel
- Report ID: 1008
- Published Date: Jan 17, 2025
- Report Format: PDF, PPT
