The global Wood Coating Resins Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Resin (Polyurethane, Acrylic, Epoxy, Alkyd, Nitrocellulose, Polyester, Others), By Technology (Solvent borne, High-solids, Radiation cure, Water borne, Powder), By Application (Furniture, Cabinets, Doors & windows, Flooring, Decoration, Others).
Wood coating resins are essential components in paints, varnishes, stains, and finishes for protecting and enhancing wood surfaces in various applications in 2024. These resins provide adhesion, durability, UV resistance, and decorative effects to wood substrates, protecting them from moisture, weathering, and abrasion while enhancing their natural beauty and appearance. Wood coating resins come in different chemistries, including acrylics, alkyds, polyurethanes, epoxy resins, and waterborne dispersions, each offering specific properties and performance characteristics suitable for different wood coating applications. In architectural coatings, wood coating resins are used for exterior siding, trim, and decking, providing weather resistance and color retention in harsh outdoor environments. In furniture and cabinetry, wood coating resins offer protection against scratches, stains, and fading while enhancing the aesthetics of wood surfaces with gloss, matte, or satin finishes. With advancements in resin technology, sustainable formulations, and application methods, wood coating resins to evolve to meet the demands for performance, durability, and environmental responsibility in the woodworking and finishing industries, driving innovation and sustainability in wood coating applications worldwide.
The market report analyses the leading companies in the industry including Akzo Nobel NV, Alberdingk Boley Inc, Allnex SARL, Arakawa Chemical Industries Ltd, Arkema SA, Badische Anilin und Soda Fabrik, Bayer AG, CBC Company, Covestro AG, Dainippon Ink and Chemicals, DIC Corp, Dynea AS, Eastman Chemical Company, Eternal Materials Company, Evonik Industries AG, Helios Group, Huntsman International LLC, Jiangsu Sanmu Group Company Ltd, Koninklijke DSM NV, Lanxess AG, Nuplex Industries Ltd, Perstorp Group, Polynt Spa, Royal DSM NV, Sirca Spa, Synthopol Chemie Dr. rer. pol. Koch. GmbH & Co. KG, The Nippon Synthetic Chemical Industry Company Ltd, The Sherwin-Williams Company, Wacker Chemie AG, Wanhua Chemical Group Company Ltd, and others.
A significant market trend in the wood coating resins industry is the increasing demand for water-based and low-VOC (volatile organic compound) formulations. With growing environmental awareness and stricter regulations on emissions, there is a rising preference for wood coating resins that offer reduced environmental impact and improved indoor air quality. This trend is driven by factors such as tightening regulations on VOC emissions, consumer preferences for eco-friendly products, and industry initiatives to promote sustainability. Water-based wood coating resins, which contain lower levels of VOCs compared to solvent-based alternatives, are witnessing higher demand as manufacturers seek to comply with regulations and meet consumer expectations for safer and more sustainable coatings. As industries prioritize the adoption of environmentally friendly coatings for wood surfaces, the market for water-based and low-VOC wood coating resins is experiencing growth and innovation to align with evolving industry standards and market preferences.
The driver behind the growth of the wood coating resins market is the expansion in construction and furniture industries. With increasing urbanization, population growth, and housing demand worldwide, there is a significant demand for wood coatings used in various applications such as architectural woodwork, furniture manufacturing, and interior finishes. This driver is fueled by factors such as infrastructure development projects, housing market trends, and the growing preference for aesthetically pleasing and durable wood finishes. Wood coating resins play a crucial role in protecting wood surfaces from moisture, UV radiation, and mechanical damage, enhancing their appearance and longevity. As construction activities and furniture production continue to expand, particularly in emerging markets, the demand for wood coating resins for use in wood finishing applications is expected to rise, driving market growth and opportunities for resin manufacturers and suppliers.
An opportunity for growth and differentiation in the wood coating resins market lies in the development of high-performance and specialty coating resins. While conventional coating resins offer adequate protection and aesthetics for standard applications, there is potential for innovation in resin formulations tailored to meet the specific needs of niche markets and high-value applications. By investing in research and development, resin manufacturers can develop specialty resins with enhanced properties such as scratch resistance, chemical resistance, and adhesion to difficult-to-coat substrates. Additionally, there is an opportunity to innovate in resin technologies that enable faster curing times, improved application properties, and compatibility with automated coating processes. By collaborating with wood product manufacturers and understanding their unique coating requirements, resin suppliers can capitalize on opportunities to provide innovative solutions that address unmet needs, enhance product performance, and differentiate themselves in the competitive wood coating resins market.
Within the Wood Coating Resins market, the Polyurethane segment is the largest segment. Polyurethane resins are widely favored in wood coatings due to their exceptional durability, versatility, and aesthetic properties. Polyurethane coatings offer excellent resistance to abrasion, chemicals, moisture, and UV radiation, making them suitable for a wide range of indoor and outdoor wood applications, including furniture, flooring, cabinets, doors, and exterior siding. Additionally, polyurethane coatings provide superior adhesion, flexibility, and fast curing times, allowing for efficient application and enhanced productivity in wood finishing processes. Moreover, the ability to achieve various finishes, from glossy to matte, and the option to tint polyurethane coatings in a wide range of colors make them a preferred choice for achieving desired aesthetics in wood surfaces. Furthermore, advancements in polyurethane resin formulations, such as low-VOC (volatile organic compound) and water-based options, address environmental concerns and regulatory requirements, further driving their popularity in the wood coatings market. As a result, the Polyurethane segment commands a significant share of the Wood Coating Resins market, reflecting its widespread use and versatility in wood finishing applications.
Within the Wood Coating Resins market, the Water Borne segment is experiencing rapid growth. Water-borne technology offers environmentally friendly alternatives to traditional solvent-borne coatings, addressing concerns related to volatile organic compounds (VOCs) and air pollution. Water-borne coatings use water as the primary solvent, reducing the emission of harmful chemicals during application and curing processes. Additionally, water-borne coatings provide excellent adhesion, durability, and resistance to moisture, chemicals, and UV radiation, making them suitable for various wood coating applications, including furniture, flooring, cabinets, and millwork. Moreover, the growing emphasis on sustainability and green building practices drives the demand for water-borne coatings in the wood industry. Furthermore, technological advancements in water-borne resin formulations, such as improved drying times, hardness, and film properties, enhance their performance and applicability, further fuelling their adoption in the market. As a result, the Water Borne segment is the fastest-growing segment in the Wood Coating Resins market, propelled by the increasing preference for eco-friendly and high-performance coating solutions in wood finishing applications.
Within the Wood Coating Resins market, the Furniture segment is the largest segment. Furniture represents one of the most significant applications for wood coating resins, encompassing a wide range of products such as tables, chairs, cabinets, beds, and sofas. Wood coatings play a crucial role in enhancing the aesthetics, durability, and functionality of furniture pieces, protecting them from wear, moisture, and environmental factors while enhancing their appearance and tactile feel. The demand for wood coatings in the furniture industry is influenced by consumer preferences for stylish and durable furniture, as well as trends in interior design and home decor. Additionally, the furniture manufacturing sector continues to expand globally, driven by factors such as urbanization, population growth, and rising disposable incomes, further driving the demand for wood coating resins. Moreover, advancements in coating technologies, such as UV-curable and water-borne formulations, cater to the specific requirements of furniture manufacturers, offering options for fast curing times, low VOC emissions, and superior finish quality. Furthermore, the customization options available with wood coatings, including various finishes, colors, and textures, enable furniture manufacturers to differentiate their products in the market, contributing to the dominance of the Furniture segment in the Wood Coating Resins market.
By Resin
Polyurethane
Acrylic
Epoxy
Alkyd
Nitrocellulose
Polyester
Others
By Technology
Solvent borne
High-solids
Radiation cure
Water borne
Powder
By Application
Furniture
Cabinets
Doors & windows
Flooring
Decoration
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Akzo Nobel NV
Alberdingk Boley Inc
Allnex SARL
Arakawa Chemical Industries Ltd
Arkema SA
Badische Anilin und Soda Fabrik
Bayer AG
CBC Company
Covestro AG
Dainippon Ink and Chemicals
DIC Corp
Dynea AS
Eastman Chemical Company
Eternal Materials Company
Evonik Industries AG
Helios Group
Huntsman International LLC
Jiangsu Sanmu Group Company Ltd
Koninklijke DSM NV
Lanxess AG
Nuplex Industries Ltd
Perstorp Group
Polynt Spa
Royal DSM NV
Sirca Spa
Synthopol Chemie Dr. rer. pol. Koch. GmbH & Co. KG
The Nippon Synthetic Chemical Industry Company Ltd
The Sherwin-Williams Company
Wacker Chemie AG
Wanhua Chemical Group Company Ltd
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Wood Coating Resins Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Wood Coating Resins Market Size Outlook, $ Million, 2021 to 2032
3.2 Wood Coating Resins Market Outlook by Type, $ Million, 2021 to 2032
3.3 Wood Coating Resins Market Outlook by Product, $ Million, 2021 to 2032
3.4 Wood Coating Resins Market Outlook by Application, $ Million, 2021 to 2032
3.5 Wood Coating Resins Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Wood Coating Resins Industry
4.2 Key Market Trends in Wood Coating Resins Industry
4.3 Potential Opportunities in Wood Coating Resins Industry
4.4 Key Challenges in Wood Coating Resins Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Wood Coating Resins Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Wood Coating Resins Market Outlook by Segments
7.1 Wood Coating Resins Market Outlook by Segments, $ Million, 2021- 2032
By Resin
Polyurethane
Acrylic
Epoxy
Alkyd
Nitrocellulose
Polyester
Others
By Technology
Solvent borne
High-solids
Radiation cure
Water borne
Powder
By Application
Furniture
Cabinets
Doors & windows
Flooring
Decoration
Others
8 North America Wood Coating Resins Market Analysis and Outlook To 2032
8.1 Introduction to North America Wood Coating Resins Markets in 2024
8.2 North America Wood Coating Resins Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Wood Coating Resins Market size Outlook by Segments, 2021-2032
By Resin
Polyurethane
Acrylic
Epoxy
Alkyd
Nitrocellulose
Polyester
Others
By Technology
Solvent borne
High-solids
Radiation cure
Water borne
Powder
By Application
Furniture
Cabinets
Doors & windows
Flooring
Decoration
Others
9 Europe Wood Coating Resins Market Analysis and Outlook To 2032
9.1 Introduction to Europe Wood Coating Resins Markets in 2024
9.2 Europe Wood Coating Resins Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Wood Coating Resins Market Size Outlook by Segments, 2021-2032
By Resin
Polyurethane
Acrylic
Epoxy
Alkyd
Nitrocellulose
Polyester
Others
By Technology
Solvent borne
High-solids
Radiation cure
Water borne
Powder
By Application
Furniture
Cabinets
Doors & windows
Flooring
Decoration
Others
10 Asia Pacific Wood Coating Resins Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Wood Coating Resins Markets in 2024
10.2 Asia Pacific Wood Coating Resins Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Wood Coating Resins Market size Outlook by Segments, 2021-2032
By Resin
Polyurethane
Acrylic
Epoxy
Alkyd
Nitrocellulose
Polyester
Others
By Technology
Solvent borne
High-solids
Radiation cure
Water borne
Powder
By Application
Furniture
Cabinets
Doors & windows
Flooring
Decoration
Others
11 South America Wood Coating Resins Market Analysis and Outlook To 2032
11.1 Introduction to South America Wood Coating Resins Markets in 2024
11.2 South America Wood Coating Resins Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Wood Coating Resins Market size Outlook by Segments, 2021-2032
By Resin
Polyurethane
Acrylic
Epoxy
Alkyd
Nitrocellulose
Polyester
Others
By Technology
Solvent borne
High-solids
Radiation cure
Water borne
Powder
By Application
Furniture
Cabinets
Doors & windows
Flooring
Decoration
Others
12 Middle East and Africa Wood Coating Resins Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Wood Coating Resins Markets in 2024
12.2 Middle East and Africa Wood Coating Resins Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Wood Coating Resins Market size Outlook by Segments, 2021-2032
By Resin
Polyurethane
Acrylic
Epoxy
Alkyd
Nitrocellulose
Polyester
Others
By Technology
Solvent borne
High-solids
Radiation cure
Water borne
Powder
By Application
Furniture
Cabinets
Doors & windows
Flooring
Decoration
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Akzo Nobel NV
Alberdingk Boley Inc
Allnex SARL
Arakawa Chemical Industries Ltd
Arkema SA
Badische Anilin und Soda Fabrik
Bayer AG
CBC Company
Covestro AG
Dainippon Ink and Chemicals
DIC Corp
Dynea AS
Eastman Chemical Company
Eternal Materials Company
Evonik Industries AG
Helios Group
Huntsman International LLC
Jiangsu Sanmu Group Company Ltd
Koninklijke DSM NV
Lanxess AG
Nuplex Industries Ltd
Perstorp Group
Polynt Spa
Royal DSM NV
Sirca Spa
Synthopol Chemie Dr. rer. pol. Koch. GmbH & Co. KG
The Nippon Synthetic Chemical Industry Company Ltd
The Sherwin-Williams Company
Wacker Chemie AG
Wanhua Chemical Group Company Ltd
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Resin
Polyurethane
Acrylic
Epoxy
Alkyd
Nitrocellulose
Polyester
Others
By Technology
Solvent borne
High-solids
Radiation cure
Water borne
Powder
By Application
Furniture
Cabinets
Doors & windows
Flooring
Decoration
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Wood Coating Resins Market Size is valued at $11.2 Billion in 2024 and is forecast to register a growth rate (CAGR) of 5.6% to reach $17.3 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Akzo Nobel NV, Alberdingk Boley Inc, Allnex SARL, Arakawa Chemical Industries Ltd, Arkema SA, Badische Anilin und Soda Fabrik, Bayer AG, CBC Company, Covestro AG, Dainippon Ink and Chemicals, DIC Corp, Dynea AS, Eastman Chemical Company, Eternal Materials Company, Evonik Industries AG, Helios Group, Huntsman International LLC, Jiangsu Sanmu Group Company Ltd, Koninklijke DSM NV, Lanxess AG, Nuplex Industries Ltd, Perstorp Group, Polynt Spa, Royal DSM NV, Sirca Spa, Synthopol Chemie Dr. rer. pol. Koch. GmbH & Co. KG, The Nippon Synthetic Chemical Industry Company Ltd, The Sherwin-Williams Company, Wacker Chemie AG, Wanhua Chemical Group Company Ltd
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume