Press release
Wood Coating Global Market Report 2025: Robust Growth Driven by Construction, Furniture Industries, and Architectural Applications
Wood Coating Market Size
What Is The Projected Market Size Of The Global Wood Coating Global Market Report 2025 And Its Growth Rate?
• The wood coating market size has grown strongly in recent years. It will grow from $11.64 billion in 2024 to $12.48 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%.
• Growth in this period can be largely attributed to construction and furniture industries, architectural applications, consumer preferences for wood finishes, protection and durability requirements, and renovation and restoration projects.
• The wood coating market size is expected to see robust growth in the years to come. It will grow to $17.13 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%.
• Growth in the forecast period can be attributed to rising demand for premium and custom finishes, a growing market for outdoor wooden structures, expansion of the real estate sector, and an increased focus on UV-cured coatings.
What Is Driving The Growth In The Wood Coating Global Market Report 2025?
The surge in the construction of new homes and house modifications is a key factor propelling the growth of the wood coating market. Housing demand is on the rise due to increasing population, rapid urbanization, economic and infrastructure development, and favorable government policies and schemes for housing. This results in a significant demand for wood materials with wood coatings in new and modified residential homes, as wood coatings enhance the appearance and extend the life of wooden materials. For example, in February 2022, according to the United States Census Bureau and the United States Department of Housing and Urban Development, privately-owned housing starts in the United States reached 1,769,000, reflecting a significant increase of 22.3% compared to the previous year. Hence, the surge in the construction of new homes and house modifications will fuel the growth of the wood coating market.
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Who Are The Key Players Driving Wood Coating Global Market Report 2025 Growth?
• BASF SE
• The Sherwin-Williams Company
• PPG Industries Inc.
• Akzo Nobel N.V.
• Sika AG
• Nippon Paint Holdings Co Ltd.
• MAS Paints Group
• RPM International Inc.
• Axalta Coating Systems Ltd.
• Cabot Corporation
• The Valspar Corporation
• Kansai Paint Co Ltd.
• Jotun A/S
• Hempel A/S
• Berger Paints India Limited
• Benjamin Moore & Co Inc.
• Rust-Oleum Corporation
• Tikkurila Oyj
• Brillux GmbH & Co KG
• Teknos Group Oyj
• National Paints Factories Co Ltd.
• Ritver Paints & Coatings
• Kemppi Oyj
• Everbuild Building Products Ltd.
• Kusumgar Corporates
• KAPCI Coating Pvt Ltd.
• Ceramic Industrial Coatings
• Caparol AG
• Eliokem Inc.
• Herberts GmbH & Co KG
• Wacker Chemie AG
What Are The Key Trends In The Wood Coating Global Market Report 2025?
• Integration of nanotechnology in coating formulations
• Focus on exterior wood coatings for weather resistance
• Customization of coating solutions for design trends
• Rising application of low-energy coatings
• Shift towards powder coatings for wood substrates
What Are The Segments Of The Global Wood Coating Global Market Report 2025?
• By Type: Preservative Wood Coatings, Stain Wood Coatings, Shellac Wood Coatings
• By Product Type: Water Borne Wood Coatings, Solvent-Borne Wood Coatings, Powder Wood Coatings
• By Application: Furniture, Cabinets, Siding, Flooring, Other Applications
Which Region Leads The Wood Coating Global Market Report 2025?
Asia-Pacific led the wood coating market in 2024 and is expected to be the fastest-growing region in the forecasted period. The regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Wood Coating Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Wood Coating Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Wood Coating Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Wood Coating Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Wood Coating Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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