Furniture Wood Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Furniture Wood Coatings Market Share and it is segmented By Product (Solvent-borne Coatings, Water-borne Coatings, Radiation-cured Coatings, and Powder Coatings), By End-User (Residential, Hospital, and Others), by Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa)

Furniture Wood Coatings Market Size

Furniture Wood Coatings Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR 6.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Furniture Wood Coatings Market

*Disclaimer: Major Players sorted in no particular order


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Furniture Wood Coatings Market Analysis

The increasing demand for wood coatings from all over the world propels the growth in the furniture industry is the primary driver for the growth of the furniture wood coatings market.

  • The replacement of housing market worldwide is also driving the growth of the market.
  • The top vendors introducing the natural wood coatings is driving the demand for this market. New entrants that offer innovative and green solutions are growing in the market.
  • In the furniture industry, interiors of homes, offices, and flats are changing continuously. This is driving innovation and development, primarily in terms of designs, size, and colors, which is expected to increase the production volume of furniture across the world.
  • Furniture wood coatings are extensively used. Thus, the increasing production volume of furniture across the world is augmenting the growth of the market studied.
  • Moreover, with the rapidly growing service sector, a huge proportion of the population has been relocating to new locations, which is driving the trend of hostels, co-living, guest houses, and official premises. This is expected to increase the demand for various furniture products.

Furniture Wood Coatings Market Trends

This section covers the major market trends shaping the Furniture Wood Coatings Market according to our research experts:

Solvent-borne Coatings Segment is the Largest Segment

The solvent-borne coatings are available at economical prices when compared with other technologies, which is driving the segment’s growth. Solvent borne coatings are used primarily as protective layers in liquid form, which are applied to the surface of a material for corrosion prevention. They comprise of organic compounds, and as a result of the curing property of solvent-borne coatings, they exhibit more toughness than waterborne coatings, thereby proving to be a preferred choice as a corrosion control solution. Solvent-borne coatings also possess a relative advantage over waterborne coatings owing to the fact that they bring effective results when applied even in humid environments, where the latter does not cure effectively.

Considering the vital advantages and applications of solvent-borne coatings pertaining to harsh environmental conditions, the study of the solvent-borne coatings market becomes an important read.

Furniture Wood Coatings Market Share

Asia-Pacific is Expected to Witness the Highest Growth

The growing urbanization and rising purchasing power of consumers in the region, especially from China and India, are expected to drive the growth of the market in the region. China has the largest furniture sector across the world, which is thriving, owing to the increasing domestic and foreign demand. In India, both the furniture and construction sectors have been witnessing major growth in the recent times. Some of the key factors that are boosting this growth include the increasing investment in the residential and commercial sector and government initiatives. The entry of major furniture companies is also expected to boost the furniture industry growth. Additionally, there has been a major growth in the public and private investments in the construction sectors of ASEAN countries, in the recent times. These factors are likely to help the Asia-Pacific region to dominate the market, during the forecast period.

Furniture Wood Coatings Market Analysis

Furniture Wood Coatings Industry Overview

The report covers major international players operating in the Furniture Wood Coatings Market. The market is dominated by players such as Akzo Nobel, BASF, The Sherwin-Williams Company,  The Dow Chemical Company and PPG Industries and others. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Furniture Wood Coatings Market Leaders

  1. Akzo Nobel N.V.

  2. BASF

  3. Sherwin-Williams Company

  4. Dow Chemical Company

  5. PPG Industries, Inc. i

*Disclaimer: Major Players sorted in no particular order

s Akzo Nobel, BASF, The Sherwin-Williams Company
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Furniture Wood Coatings Market Report - Table of Contents


    1. 1.1 Key Deliverables of the Study

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Drivers

    3. 4.3 Restraints

    4. 4.4 Trends Shaping the Furniture Wood Coatings Market

    5. 4.5 Porter's Five Forces Analysis

    6. 4.6 Industry Value Chain Analysis

    7. 4.7 Regulatory Framework

    8. 4.8 Technological Innovations


    1. 5.1 By Product

      1. 5.1.1 Solvent-borne Coatings

      2. 5.1.2 Water-borne Coatings

      3. 5.1.3 Radiation-cured Coatings

      4. 5.1.4 Powder coating Coatings

    2. 5.2 By End User

      1. 5.2.1 Residential

      2. 5.2.2 Commercial

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 South America

      5. 5.3.5 Middle East and Africa


    1. 6.1 Company Profiles

      1. 6.1.1 Akzo Nobel

      2. 6.1.2 BASF

      3. 6.1.3 The Sherwin-Williams Company

      4. 6.1.4 The Dow Chemical Company

      5. 6.1.5 PPG Industries

      6. 6.1.6 Benjamin Moore & Co.

      7. 6.1.7 Diamond Vogel

      8. 6.1.8 Royal DSM

      9. 6.1.9 Drywood Coatings

      10. 6.1.10 Helios Group

      11. 6.1.11 IVM Chemicals

      12. 6.1.12 Jotun

      13. 6.1.13 KAPCI Coatings

      14. 6.1.14 Rust-Oleum*

    2. *List Not Exhaustive

  8. 8. APPENDIX

**Subject to Availability
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Furniture Wood Coatings Industry Segmentation

A complete background analysis of the Furniture Wood Coatings Market, which includes an assessment of the parental market, emerging trends by segments and regional markets, Significant changes in market dynamics and market overview is covered in the report. The report also features the qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

By Product
Solvent-borne Coatings
Water-borne Coatings
Radiation-cured Coatings
Powder coating Coatings
By End User
North America
South America
Middle East and Africa
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Furniture Wood Coatings Market Research FAQs

The Furniture Wood Coatings Market is projected to register a CAGR of 6% during the forecast period (2024-2029)

Akzo Nobel N.V., BASF, Sherwin-Williams Company, Dow Chemical Company and PPG Industries, Inc. i are the major companies operating in the Furniture Wood Coatings Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Furniture Wood Coatings Market.

The report covers the Furniture Wood Coatings Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Furniture Wood Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Furniture Wood Coatings Industry Report

Statistics for the 2024 Furniture Wood Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Furniture Wood Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Furniture Wood Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)