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Wood Coatings Market Overview (2022-2032)

Lencolo 2023-01-05 68

The wood coatings market is anticipated to garner a modest strength with a CAGR of 5.9% during 2022-2032.

“The key driver of the wood coatings market is the expansion of the housing market as spending on maintenance of decks, fences, flooring, and siding is rising.”


Stringent regulations, increased competition, a rise in unique formulations, and new product advancements are some of the reasons driving the growth of the wood coatings industry.

However, the availability of less expensive and higher-quality replacements, such as wood composites and plastic wood, may limit the wood coatings market's growth.

 

AttributesDetails
Wood Coatings Market Value by 2025US$ 11.7 Bn
Wood Coatings Market CAGR (2022-2032)5.9%


Which is the Key Wood Coatings Market Segment?


“Improving consciousness towards aesthetics will drive significant investments in wood coatings market.”

Wood coating applications include: interior wood, small furniture, panels, tables, cupboards, chairs, office furniture, kitchen furniture, doors and staircases among others. There are generally three types of wood coating: evaporative, reactive and coalescing.

Often, the wood's colour is changed by staining, bleaching, or any other techniques. Once the wood surface is prepared and stained, the coating is applied. It usually consists of several coats of shellac, drying oil, paint, wax or lacquer.

Finally, the surface may be polished using wool, steel, rotten stone or other materials, depending on the shine desired. In addition, a final coat of wax is applied over the finish to add a degree of protection. Polyurethane finish is also associated with wood coatings.


Furniture, decking, and siding are the three largest applications of wood coatings in value terms. However, smaller doors, windows and cabinet applications are expected to achieve faster growth in the near future.

Paint is the dominant wood coatings product used on siding, windows and doors, but stains and sealers are more widely utilized on cabinets, decks, furniture, and flooring. Polyurethane wood finish is predominately used in primers and sealers.

Residential end-user is the largest market for wood protection products, driven by maintenance demand for items such as fences, siding and decks. Non-residential and non-building uses account for a much smaller market for wood protection products.


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