Chemical and Materials

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Asia-Pacific Wood Coatings Market – Industry Trends and Forecast to 2028

  • Chemical and Materials
  • Published Report
  • Sep 2021
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 114
  • No of Figures: 30

Asia-Pacific Wood Coatings Market, By Type (Acrylic Paint, Stains and Varnishes, Wood Preservatives, Water Repellants, Shellac Coatings, Linseed Oil, Beeswax and Carnauba Wax Mixtures, Others), Resin Type (Polyurethane, Nitrocellulose, Acrylic, Unsaturated Polyester, Others), Technology (Conventional Solid Solvent Borne, High Solid Solvent Borne, Powder Coating, Waterborne, Radiation Cured, Others), Application Method (Spray Coating, Roll and Brush Coating, Vacuum Coating), Application (Furniture, Sidings, Decking and Flooring, Cabinets, Joinery, Others), End User (Residential, Non-Residential), Country (China, India, Japan, South Korea, Australia, and New Zealand, Indonesia, Singapore, Malaysia, Thailand, Philippines, Vietnam, Rest of APAC), Market Trends and Forecast to 2028

Asia-Pacific Wood Coatings Market Market Analysis and Insights:  Asia-Pacific Wood Coatings Market

Asia-Pacific wood coatings market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.6% in the forecast period of 2021 to 2028 and is expected to reach USD 3,163,316.77 thousand by 2028.

Wood coatings are applied to the wooden surfaces of furniture, cabinets, sidings, decks, and flooring, among other things, to improve the aesthetic appeal and provide surface protection. In both residential and non-residential uses, wood finishes are extensively employed. The product could include but is not limited to waterborne, UV, and hydro-UV coating systems and can be brought to the application using a machine, manually by brush or roller and spray.

The growing demand for wood-based renovation is driving the market growth. The rising demand for coating in the furniture industry is acting as a potential market driver. Also, the significant rise in construction activities, increasing the sales and profit of the players operating in the market.

The major restraint impacting the wood coatings market is the stringent government regulations regarding VOC emissions. Further, fluctuation in raw material prices will act as a challenge for market growth. The opportunities for the wood coatings market are the rising investments and initiatives towards construction activities. Some of the significant drivers associated with the Asia-Pacific wood coatings market are the significant advancements in coating technology.

This wood coatings market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.

Asia-Pacific Wood Coatings Market Asia-Pacific Wood Coatings Market Scope and Market Size

Asia-Pacific wood coatings market is segmented on the basis of type, resin type, technology, application method, application, and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of type, the Asia-Pacific wood coatings market is segmented into acrylic paint, stains and varnishes, wood preservatives, water repellants, shellac coatings, linseed oil, beeswax, and carnauba wax mixtures, others. In 2021, acrylic paint is expected to dominate the ASIA-PACIFIC wood coatings market as it is the most stable and permanent type of material. Also, it is fast-drying in nature, which helps to boost its demand in the forecast year.
  • On the basis of resin type, the Asia-Pacific wood coatings market is segmented into polyurethane, nitrocellulose, acrylic, unsaturated polyester, and others. In 2021, polyurethane is expected to dominate in the ASIA-PACIFIC wood coatings market. It is considered a versatile resin type used to produce an array of items, such as inks, paint, and coatings, which helps to boost its demand in the forecast year.
  • On the basis of technology, the Asia-Pacific wood coatings market is segmented into conventional solid solvent-borne, high solid solvent-borne, powder coating, waterborne, radiation cured, and others. In 2021, conventional solid solvent-borne is expected to dominate the ASIA-PACIFIC wood coatings market as this technology is traditional coating technology, which is being used commonly. Operators often choose this coating technology because they are experienced with its usage, which boosts demand in the forecast year.
  • On the basis of the application method, the ASIA-PACIFIC wood coatings market is segmented into spray coating, roll and brush coating, vacuum coating. In 2021, spray coating is expected to dominate the Asia-Pacific wood coatings market. It provides a durable and stain-resistant coating for interior and exterior wooden surfaces, which helps boost demand in the forecast year.
  • On the basis of application, the Asia-Pacific wood coatings market is segmented into furniture, siding, decking and flooring, cabinets, joinery, and others. In 2021, furniture is expected to dominate in the ASIA-PACIFIC wood coatings market as solid wood furniture is a long-lasting and durable material with a much better aesthetic appeal, which helps to boost its demand in the forecast year.
  • On the basis of end user, the Asia-Pacific wood coatings market is segmented into residential and non-residential. In 2021, residential is expected to dominate the ASIA-PACIFIC wood coatings market as the continuous urbanization results in the progressive rise in the demand for residential wooden furniture.

Asia-Pacific Wood Coatings Market Wood Coatings Market Country Level Analysis

Asia-Pacific market is analyzed, and market size information is provided by country, type, resin type, technology, application method, application, and end user.

The countries covered in the wood coatings market report are China, India, Japan, South Korea, Australia, New Zealand, Indonesia, Singapore, Malaysia, Thailand, Philippines, Vietnam, and the Rest of APAC.

  • In APAC, the wood coatings market is dominated by China as it is a major coating producer, it is supplying a significant portion of the global coatings market. And continuous urbanization is resulting in the progressive rise in the demand for residential wooden furniture among end users. In India, the rise in government investment in the residential sector, such as smart cities projects, is proven to boost the demand for wood coatings in the residential sector. Whereas in Japan, the rise in wooden houses renovation and increase in wooden furniture demand boost the wood coatings demand among end users in the country.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.

Growth In The Wood Coatings Industry

Asia-Pacific wood coatings market also provides detailed market analysis for every country's growth in the installed base of different kinds of products for the wood coatings market, the impact of technology using lifeline curves, and changes in infant formula regulatory scenarios and their impact on the wood coatings market. The data is available for the historical period 2010 to 2019.

Competitive Landscape and Wood Coatings Market Share Analysis

Asia-Pacific wood coatings market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus on the Asia-Pacific wood coatings market.

The major players covered in the report are Akzo Nobel N.V., Axalta Coating Systems, LLC, BASF SE, Dow, Eastman Chemical Company, PPG Industries, Inc., KANGNAM JEVISCO CO., LTD., CHOKWANG PAINT, The Sherwin-Williams Company, RPM International Inc., Nippon Paint Holdings Co., Ltd., Kansai Paint Co., Ltd., Wengyuan Henghui Chemical Coating Co., Ltd., Stahl Holdings B.V., among other players domestic and regional. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

For instance,

  • In November 2020, BASF SE launched New Joncryl 953X portfolio with five acrylic dispersions for furniture and floor coatings. It offers sustainable solutions for low to zero VOC levels. With this development company can enhance its sustainable product market
  • In March 2020, Dow introduced two innovations simplifying the formulation of water-based, high-temperature-resistant industrial coatings. With this development company can enhance its brand name in the market


SKU-

TABLE 1 IMPORT DATA OF PAINTS AND VARNISHES, INCL. ENAMELS AND LACQUERS, BASED ON POLYESTERS; HS CODE – 3208 (USD THOUSAND)

TABLE 2 EXPORT DATA OF PAINTS AND VARNISHES, INCL. ENAMELS AND LACQUERS, BASED ON POLYESTERS; HS CODE – 3208 (USD THOUSAND)

TABLE 3 ASIA-PACIFIC WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 4 ASIA-PACIFIC WOOD COATINGS MARKET, BY TYPE, 2019-2028 (THOUSAND TONS)

TABLE 5 ASIA-PACIFIC WOOD COATINGS MARKET, BY RESIN TYPE, 2019-2028 (USD THOUSAND)

TABLE 6 ASIA-PACIFIC WOOD COATINGS MARKET, BY TECHNOLOGY, 2019-2028 (USD THOUSAND)

TABLE 7 ASIA-PACIFIC WOOD COATINGS MARKET, BY APPLICATION METHOD, 2019-2028 (USD THOUSAND)

TABLE 8 ASIA-PACIFIC WOOD COATINGS MARKET, BY APPLICATION, 2019-2028 (USD THOUSAND)

TABLE 9 ASIA-PACIFIC WOOD COATINGS MARKET, BY END-USER, 2019-2028 (USD THOUSAND)

TABLE 10 ASIA-PACIFIC RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 11 ASIA-PACIFIC NON-RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 12 ASIA-PACIFIC WOOD COATINGS MARKET, BY COUNTRY, 2019-2028 (USD THOUSAND)

TABLE 13 ASIA-PACIFIC WOOD COATINGS MARKET, BY COUNTRY, 2019-2028 (THOUSAND TONS)

TABLE 14 CHINA WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 15 CHINA WOOD COATINGS MARKET, BY TYPE, 2019-2028 (THOUSAND TONS)

TABLE 16 CHINA WOOD COATINGS MARKET, BY RESIN TYPE, 2019-2028 (USD THOUSAND)

TABLE 17 CHINA WOOD COATINGS MARKET, BY TECHNOLOGY, 2019-2028 (USD THOUSAND)

TABLE 18 CHINA WOOD COATINGS MARKET, BY APPLICATION METHOD, 2019-2028 (USD THOUSAND)

TABLE 19 CHINA WOOD COATINGS MARKET, BY APPLICATION, 2019-2028 (USD THOUSAND)

TABLE 20 CHINA WOOD COATINGS MARKET, BY END-USER, 2019-2028 (USD THOUSAND)

TABLE 21 CHINA RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 22 CHINA NON-RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 23 INDIA WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 24 INDIA WOOD COATINGS MARKET, BY TYPE, 2019-2028 (THOUSAND TONS)

TABLE 25 INDIA WOOD COATINGS MARKET, BY RESIN TYPE, 2019-2028 (USD THOUSAND)

TABLE 26 INDIA WOOD COATINGS MARKET, BY TECHNOLOGY, 2019-2028 (USD THOUSAND)

TABLE 27 INDIA WOOD COATINGS MARKET, BY APPLICATION METHOD, 2019-2028 (USD THOUSAND)

TABLE 28 INDIA WOOD COATINGS MARKET, BY APPLICATION, 2019-2028 (USD THOUSAND)

TABLE 29 INDIA WOOD COATINGS MARKET, BY END-USER, 2019-2028 (USD THOUSAND)

TABLE 30 INDIA RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 31 INDIA NON-RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 32 JAPAN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 33 JAPAN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (THOUSAND TONS)

TABLE 34 JAPAN WOOD COATINGS MARKET, BY RESIN TYPE, 2019-2028 (USD THOUSAND)

TABLE 35 JAPAN WOOD COATINGS MARKET, BY TECHNOLOGY, 2019-2028 (USD THOUSAND)

TABLE 36 JAPAN WOOD COATINGS MARKET, BY APPLICATION METHOD, 2019-2028 (USD THOUSAND)

TABLE 37 JAPAN WOOD COATINGS MARKET, BY APPLICATION, 2019-2028 (USD THOUSAND)

TABLE 38 JAPAN WOOD COATINGS MARKET, BY END-USER, 2019-2028 (USD THOUSAND)

TABLE 39 JAPAN RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 40 JAPAN NON-RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 41 SOUTH KOREA WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 42 SOUTH KOREA WOOD COATINGS MARKET, BY TYPE, 2019-2028 (THOUSAND TONS)

TABLE 43 SOUTH KOREA WOOD COATINGS MARKET, BY RESIN TYPE, 2019-2028 (USD THOUSAND)

TABLE 44 SOUTH KOREA WOOD COATINGS MARKET, BY TECHNOLOGY, 2019-2028 (USD THOUSAND)

TABLE 45 SOUTH KOREA WOOD COATINGS MARKET, BY APPLICATION METHOD, 2019-2028 (USD THOUSAND)

TABLE 46 SOUTH KOREA WOOD COATINGS MARKET, BY APPLICATION, 2019-2028 (USD THOUSAND)

TABLE 47 SOUTH KOREA WOOD COATINGS MARKET, BY END-USER, 2019-2028 (USD THOUSAND)

TABLE 48 SOUTH KOREA RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 49 SOUTH KOREA NON-RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 50 AUSTRALIA AND NEW ZEALAND WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 51 AUSTRALIA AND NEW ZEALAND WOOD COATINGS MARKET, BY TYPE, 2019-2028 (THOUSAND TONS)

TABLE 52 AUSTRALIA AND NEW ZEALAND WOOD COATINGS MARKET, BY RESIN TYPE, 2019-2028 (USD THOUSAND)

TABLE 53 AUSTRALIA AND NEW ZEALAND WOOD COATINGS MARKET, BY TECHNOLOGY, 2019-2028 (USD THOUSAND)

TABLE 54 AUSTRALIA AND NEW ZEALAND WOOD COATINGS MARKET, BY APPLICATION METHOD, 2019-2028 (USD THOUSAND)

TABLE 55 AUSTRALIA AND NEW ZEALAND WOOD COATINGS MARKET, BY APPLICATION, 2019-2028 (USD THOUSAND)

TABLE 56 AUSTRALIA AND NEW ZEALAND WOOD COATINGS MARKET, BY END-USER, 2019-2028 (USD THOUSAND)

TABLE 57 AUSTRALIA AND NEW ZEALAND RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 58 AUSTRALIA AND NEW ZEALAND NON-RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 59 INDONESIA WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 60 INDONESIA WOOD COATINGS MARKET, BY TYPE, 2019-2028 (THOUSAND TONS)

TABLE 61 INDONESIA WOOD COATINGS MARKET, BY RESIN TYPE, 2019-2028 (USD THOUSAND)

TABLE 62 INDONESIA WOOD COATINGS MARKET, BY TECHNOLOGY, 2019-2028 (USD THOUSAND)

TABLE 63 INDONESIA WOOD COATINGS MARKET, BY APPLICATION METHOD, 2019-2028 (USD THOUSAND)

TABLE 64 INDONESIA WOOD COATINGS MARKET, BY APPLICATION, 2019-2028 (USD THOUSAND)

TABLE 65 INDONESIA WOOD COATINGS MARKET, BY END-USER, 2019-2028 (USD THOUSAND)

TABLE 66 INDONESIA RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 67 INDONESIA NON-RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 68 SINGAPORE WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 69 SINGAPORE WOOD COATINGS MARKET, BY TYPE, 2019-2028 (THOUSAND TONS)

TABLE 70 SINGAPORE WOOD COATINGS MARKET, BY RESIN TYPE, 2019-2028 (USD THOUSAND)

TABLE 71 SINGAPORE WOOD COATINGS MARKET, BY TECHNOLOGY, 2019-2028 (USD THOUSAND)

TABLE 72 SINGAPORE WOOD COATINGS MARKET, BY APPLICATION METHOD, 2019-2028 (USD THOUSAND)

TABLE 73 SINGAPORE WOOD COATINGS MARKET, BY APPLICATION, 2019-2028 (USD THOUSAND)

TABLE 74 SINGAPORE WOOD COATINGS MARKET, BY END-USER, 2019-2028 (USD THOUSAND)

TABLE 75 SINGAPORE RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 76 SINGAPORE NON-RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 77 MALAYSIA WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 78 MALAYSIA WOOD COATINGS MARKET, BY TYPE, 2019-2028 (THOUSAND TONS)

TABLE 79 MALAYSIA WOOD COATINGS MARKET, BY RESIN TYPE, 2019-2028 (USD THOUSAND)

TABLE 80 MALAYSIA WOOD COATINGS MARKET, BY TECHNOLOGY, 2019-2028 (USD THOUSAND)

TABLE 81 MALAYSIA WOOD COATINGS MARKET, BY APPLICATION METHOD, 2019-2028 (USD THOUSAND)

TABLE 82 MALAYSIA WOOD COATINGS MARKET, BY APPLICATION, 2019-2028 (USD THOUSAND)

TABLE 83 MALAYSIA WOOD COATINGS MARKET, BY END-USER, 2019-2028 (USD THOUSAND)

TABLE 84 MALAYSIA RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 85 MALAYSIA NON-RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 86 THAILAND WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 87 THAILAND WOOD COATINGS MARKET, BY TYPE, 2019-2028 (THOUSAND TONS)

TABLE 88 THAILAND WOOD COATINGS MARKET, BY RESIN TYPE, 2019-2028 (USD THOUSAND)

TABLE 89 THAILAND WOOD COATINGS MARKET, BY TECHNOLOGY, 2019-2028 (USD THOUSAND)

TABLE 90 THAILAND WOOD COATINGS MARKET, BY APPLICATION METHOD, 2019-2028 (USD THOUSAND)

TABLE 91 THAILAND WOOD COATINGS MARKET, BY APPLICATION, 2019-2028 (USD THOUSAND)

TABLE 92 THAILAND WOOD COATINGS MARKET, BY END-USER, 2019-2028 (USD THOUSAND)

TABLE 93 THAILAND RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 94 THAILAND NON-RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 95 PHILIPPINES WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 96 PHILIPPINES WOOD COATINGS MARKET, BY TYPE, 2019-2028 (THOUSAND TONS)

TABLE 97 PHILIPPINES WOOD COATINGS MARKET, BY RESIN TYPE, 2019-2028 (USD THOUSAND)

TABLE 98 PHILIPPINES WOOD COATINGS MARKET, BY TECHNOLOGY, 2019-2028 (USD THOUSAND)

TABLE 99 PHILIPPINES WOOD COATINGS MARKET, BY APPLICATION METHOD, 2019-2028 (USD THOUSAND)

TABLE 100 PHILIPPINES WOOD COATINGS MARKET, BY APPLICATION, 2019-2028 (USD THOUSAND)

TABLE 101 PHILIPPINES WOOD COATINGS MARKET, BY END-USER, 2019-2028 (USD THOUSAND)

TABLE 102 PHILIPPINES RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 103 PHILIPPINES NON-RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 104 VIETNAM WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 105 VIETNAM WOOD COATINGS MARKET, BY TYPE, 2019-2028 (THOUSAND TONS)

TABLE 106 VIETNAM WOOD COATINGS MARKET, BY RESIN TYPE, 2019-2028 (USD THOUSAND)

TABLE 107 VIETNAM WOOD COATINGS MARKET, BY TECHNOLOGY, 2019-2028 (USD THOUSAND)

TABLE 108 VIETNAM WOOD COATINGS MARKET, BY APPLICATION METHOD, 2019-2028 (USD THOUSAND)

TABLE 109 VIETNAM WOOD COATINGS MARKET, BY APPLICATION, 2019-2028 (USD THOUSAND)

TABLE 110 VIETNAM WOOD COATINGS MARKET, BY END-USER, 2019-2028 (USD THOUSAND)

TABLE 111 VIETNAM RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 112 VIETNAM NON-RESIDENTIAL IN WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 113 REST OF ASIA-PACIFIC WOOD COATINGS MARKET, BY TYPE, 2019-2028 (USD THOUSAND)

TABLE 114 REST OF ASIA-PACIFIC WOOD COATINGS MARKET, BY TYPE, 2019-2028 (THOUSAND TONS)

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