Waterborne Wood Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

$ 1999




The waterborne wood coatings market was worth US$ 2.1 Billion in 2017. Wood coatings are generally created by combining various layers of shellac, drying oil, lacquer, varnish, etc. where every layer is followed by sanding. Whereas, on the contrary, waterborne wood coatings are made from a wide range of resins which include acrylic, polyester, polyurethane, fluoropolymer, waterborne powder, etc. Water is added in these coatings to enable the resin to get dispersed easily. These coatings are applied on the wood surface to protect and enhance its appearance. The high-water content of these coatings makes them easy to apply and environment-friendly as well. The consistency and the composition of the waterborne coatings vary and different solvents can be added to it. These coatings are often applied on furniture items such as tables, chairs, shelves, decorative wooden items, etc.

The market for waterborne wood coatings is currently exhibiting a continuous growth. Catalyzed by growing urbanization in emerging economies across the Asia Pacific, Latin America, and Eastern Europe, there has been a significant rise in the demand of waterborne wood coatings. Growing urbanization has triggered a rise in the residential, commercial, and industrial infrastructure, creating a positive impact on the demand of wooden products in these regions. Moreover, rising production of wooden artefacts and decorative items catalyzed by the growth of the global décor industry has also been driving the demand of these coatings. Additionally, waterborne wood coating offers numerous advantages compared to its substitutes. This includes robustness, stain resistance, corrosion resistance, flexibility, etc. Other factors driving the demand of waterborne wood coating include government regulations to reduce VOC (volatile organic compounds) emissions, product innovation, rising wood reuse, etc. Looking forward, the market value is projected to reach US$ 2.9 Billion by 2023, exhibiting a CAGR of around 5% during 2018-2023.

Market Summary:

  • Based on the application, the market has been segmented into furniture, decking, joinery, siding, flooring and others. Furniture currently represents the biggest application.
  • Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest market, accounting for the majority of the global market.
  • The competitive landscape of the market along with the profiles of key players has also been examined in this report.


Key Questions Answered in This Report:

  • How has the global waterborne wood coatings market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global waterborne wood coatings industry?
  • What is the breakup of the global waterborne wood coatings market on the basis of application?
  • What are the various stages in the value chain of the global waterborne wood coatings market?
  • What are the key driving factors and challenges in the global waterborne wood coatings market?
  • What is the structure of the global waterborne wood coatings market and who are the key players?
  • What is the degree of competition in the global waterborne wood coatings market?
  • How are waterborne wood coatings manufactured?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Properties
    4.3    Key Industry Trends
5    Global Waterborne Wood Coatings Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Application
    5.4    Market Breakup by Region
    5.5    Market Forecast
6    Market Breakup by Application 
    6.1    Furniture 
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Decking
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Joinery 
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Siding 
        6.4.1    Market Trends
        6.4.2    Market Forecast
    6.5    Flooring
        6.5.1    Market Trends
        6.5.2    Market Forecast
    6.6    Others 
        6.6.1    Market Trends
        6.6.2    Market Forecast
7    Market Breakup by Region
    7.1    Asia Pacific 
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Europe
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    North America
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Middle East and Africa
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Latin America
        7.5.1    Market Trends
        7.5.2    Market Forecast
8    Global Waterborne Wood Coatings Industry: SWOT Analysis 
    8.1    Overview 
    8.2    Strengths
    8.3    Weaknesses 
    8.4    Opportunities
    8.5    Threats
9    Global Waterborne Wood Coatings Industry: Value Chain Analysis 
    9.1    Overview
    9.2    Research and Development
    9.3    Raw Material Procurement
    9.4    Manufacturing
    9.5    Marketing
    9.6    Distribution
    9.7    End-Use
10    Global Waterborne Wood Coatings Industry: Porters Five Forces Analysis 
    10.1    Overview 
    10.2    Bargaining Power of Buyers
    10.3    Bargaining Power of Suppliers 
    10.4    Degree of Competition
    10.5    Threat of New Entrants
    10.6    Threat of Substitutes
11    Global Waterborne Wood Coatings Industry: Price Analysis 
12    Manufacturing Process 

    12.1    Product Overview
    12.2    Raw Material Requirements
    12.3    Manufacturing Process
    12.4    Key Success and Risk Factors
13    Competitive Landscape
    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
 

List of Figures

Figure 1: Global: Waterborne Wood Coatings Market: Major Drivers and Challenges
Figure 2: Global: Waterborne Wood Coatings Market: Sales Value (in Billion US$), 2010-2017
Figure 3: Global: Waterborne Wood Coatings Market: Breakup by Application (in %), 2017
Figure 4: Global: Waterborne Wood Coatings Market: Breakup by Region (in %), 2017
Figure 5: Global: Waterborne Wood Coatings Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 6: Global: Waterborne Wood Coatings Industry: SWOT Analysis
Figure 7: Global: Waterborne Wood Coatings Industry: Value Chain Analysis
Figure 8: Global: Waterborne Wood Coatings Industry: Porter’s Five Forces Analysis
Figure 9: Global: Waterborne Wood Coatings (Furniture) Market: Sales Value (in Million US$), 2010 & 2017
Figure 10: Global: Waterborne Wood Coatings (Furniture) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 11: Global: Waterborne Wood Coatings (Decking) Market: Sales Value (in Million US$), 2010 & 2017
Figure 12: Global: Waterborne Wood Coatings (Decking) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 13: Global: Waterborne Wood Coatings (Joinery) Market: Sales Value (in Million US$), 2010 & 2017
Figure 14: Global: Waterborne Wood Coatings (Joinery) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 15: Global: Waterborne Wood Coatings (Siding) Market: Sales Value (in Million US$), 2010 & 2017
Figure 16: Global: Waterborne Wood Coatings (Siding) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 17: Global: Waterborne Wood Coatings (Flooring) Market: Sales Value (in Million US$), 2010 & 2017
Figure 18: Global: Waterborne Wood Coatings (Flooring) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 19: Global: Waterborne Wood Coatings (Other Applications) Market: Sales Value (in Million US$), 2010 & 2017
Figure 20: Global: Waterborne Wood Coatings (Other Applications) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 21: Asia Pacific: Waterborne Wood Coatings Market: Sales Value (in Million US$), 2010 & 2017
Figure 22: Asia Pacific: Waterborne Wood Coatings Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 23: Europe: Waterborne Wood Coatings Market: Sales Value (in Million US$), 2010 & 2017
Figure 24: Europe: Waterborne Wood Coatings Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 25: North America: Waterborne Wood Coatings Market: Sales Value (in Million US$), 2010 & 2017
Figure 26: North America: Waterborne Wood Coatings Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 27: Middle East and Africa: Waterborne Wood Coatings Market: Sales Value (in Million US$), 2010 & 2017
Figure 28: Middle East and Africa: Waterborne Wood Coatings Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 29: Latin America: Waterborne Wood Coatings Market: Sales Value (in Million US$), 2010 & 2017
Figure 30: Latin America: Waterborne Wood Coatings Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 31: Waterborne Wood Coatings Manufacturing: Process Flow


List of Tables

Table 1: Global: Waterborne Wood Coatings Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Waterborne Wood Coatings Market Forecast: Breakup by Application (in Million US$), 2018-2023
Table 3: Global: Waterborne Wood Coatings Market Forecast: Breakup by Region (in Million US$), 2018-2023
Table 4: Waterborne Wood Coatings: Raw Material Requirements
Table 5: Global: Waterborne Wood Coatings Market Structure
Table 6: Global: Waterborne Wood Coatings Market: Key Players


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