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Water-borne Wood Coatings Market by Application and Geography - Forecast and Analysis 2020-2024

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR45582
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The water-borne wood coatings market size has the potential to grow by USD 858.37 million during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of 6.53%. 

This report provides a detailed analysis of the market by application (furniture, decking, joinery, siding, and flooring), geography (APAC, Europe, MEA, North America, and South America), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

  • Akzo Nobel NV
  • Axalta Coating Systems Ltd.
  • BASF SE
  • Benjamin Moore and Co.
  • Dow Inc.
  • Kansai Paint Co. Ltd.
  • Koninklijke DSM NV
  • Nippon Paint Holdings Co. Ltd.
  • PPG Industries Inc.
  • The Sherwin-Williams Co.

The water-borne wood coatings market is fragmented and the vendors are deploying growth strategies such as capacity expansions, product development, and partnerships to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the growing wood reuse to achieve growth opportunities. However, factors such as rising concerns on wood logging will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the water-borne wood coatings market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies, 

This water-borne wood coatings market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Water-borne Wood Coatings Market: Key Drivers and Trends

  • The rising wood reuse is one of the major factors that will have a positive impact on the growth of the market during 2020-2024.
  • To reduce the amount of wastes and to avoid wood landfills, governments across the world are implementing regulations to cut down on wood waste landfills.
  • Europe has already introduced the Waste Framework Directive 2008/98EC to make the recycling and resource reuse better.
  • The rising number of wood recovery is fuelling the production of engineered wood that needs coatings, which will boost the demand for water-borne wood coatings during the forecast period.
  • One of latest water-borne wood coatings market trends is the rise in product modifications to cater to the demand from the consumers.
  • Silver nanoparticles are utilized as add-ons in water-borne paints to attain anti-microbial properties.
  • The silver additives are increasingly gaining popularity due to its abilities to prevent the growth of fungi and bacteria.
  • As wood is susceptible to fungal attacks because of the water absorption, anti-bacterial and anti-fungal water-borne wood coatings are gaining huge acceptance. This will have a positive impact on the water-borne wood coatings market size & share.

 

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Water-borne Wood Coatings Market: Segmentation by Geography

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50% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for water-borne wood coatings in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The accelerated growth of the construction industry is one of the prime factors that will facilitate the water-borne wood coatings market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Water-borne Wood Coatings Market: Segmentation by Application

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Water-borne wood coatings for furniture, which includes sofas, tables, chairs, decorative tables, and shelves, occupy a major share owing to the rapid demand from the furniture industry. The major demand for furniture is due to the increased spending on home decoration and aesthetic appeal. Therefore, an immense increase in furniture demand globally is expected to fuel the demand for water-borne wood coatings during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the water-borne wood coatings market size. Fetch actionable market insights on post COVID19 impact on each segment.   

 

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Water-borne Wood Coatings Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive water-borne wood coatings market growth during the next five years
  • Precise estimation of the water-borne wood coatings market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the water-borne wood coatings industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of water-borne wood coatings market vendors

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Water-borne Wood Coatings Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 7%

Market growth 2020-2024

$ 858.37 million

Market structure

Fragmented

YoY growth (%)

5.93

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 50%

Key consumer countries

China, Germany, US, India, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Akzo Nobel NV, Axalta Coating Systems Ltd., BASF SE, Benjamin Moore and Co., Dow Inc., Kansai Paint Co. Ltd., Koninklijke DSM NV, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., and The Sherwin-Williams Co.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Furniture - Market size and forecast 2019-2024
    • Decking - Market size and forecast 2019-2024
    • Joinery - Market size and forecast 2019-2024
    • Siding - Market size and forecast 2019-2024
    • Flooring - Market size and forecast 2019-2024
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2019-2024
      • Europe - Market size and forecast 2019-2024
      • North America - Market size and forecast 2019-2024
      • MEA - Market size and forecast 2019-2024
      • South America - Market size and forecast 2019-2024
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption
      • Competitive scenario

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Akzo Nobel NV
      • Axalta Coating Systems Ltd.
      • BASF SE
      • Benjamin Moore and Co.
      • Dow Inc.
      • Kansai Paint Co. Ltd.
      • Koninklijke DSM NV
      • Nippon Paint Holdings Co. Ltd.
      • PPG Industries Inc.
      • The Sherwin-Williams Co.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The water-borne wood coatings market growth will increase by $858.37 million during 2019-2024.
      The water-borne wood coatings market is expected to grow at a CAGR of 6.53% during 2019-2024.
      Technavio has segmented the water-borne wood coatings market by application (Furniture, Decking, Joinery, Siding, and Flooring) and geographic (APAC, Europe, North America, MEA, and South America).
      Akzo Nobel NV, Axalta Coating Systems Ltd., BASF SE, Benjamin Moore and Co., Dow Inc., Kansai Paint Co. Ltd., Koninklijke DSM NV, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., The Sherwin-Williams Co. are a few of the key vendors in the water-borne wood coatings market.
      APAC will register the highest growth rate of 50.34% among the other regions. Therefore, the water-borne wood coatings market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the water-borne wood coatings market growth are:
      • Expeditious growth in wooden furniture market in APAC
      The water-borne wood coatings market vendors should focus on grabbing business opportunities from the furniture segment as it accounted for the largest market share in the base year.
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