Waterborne Wood Coatings Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Wood coatings are made by combining different layers of shellac, drying oil, varnish and shellac etc. The waterborne wood coatings are developed from a wide range of resins that include acrylic, polyester, waterborne powder etc. Water is added to these coatings that enable the resin to get dispersed easily. These waterborne coatings are applied on the wood surface that protect and enhance the appearance. The water content present in these coatings makes them easy to apply and environment friendly as well. The consistency and composition of these coatings vary and different solvents can be added to them.
MARKET DYNAMICS
The growth in urbanization in emerging economies like Europe, Asia Pacific and Latin America drives the growth of waterborne wood coatings market. Besides this, rise in the production of wooden artefacts and decorative items also drive the market growth. However, the low drying rate at high humidity restrict the fruitful development of the waterborne wood coatings market. The government regulations to reduce the volatile organic compounds and emission along with product innovations are expected to boost the growth of the waterborne wood coatings market in the near future.
MARKET SCOPE
The "Global Waterborne Wood Coatings Market Analysis to 2031" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the waterborne wood coatings market with detailed market segmentation by resin type, application and geography. The global waterborne wood coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading waterborne wood coatings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global waterborne wood coatings market is segmented on the basis of resin type and application. On the basis of resin type, the waterborne wood coatings market is segmented into polyurethane, acrylic, nitrocellulose, unsaturated polyester and others. As per application the market is broken into furniture, joinery, flowing and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global waterborne wood coatings market based on various segments. It also provides market size and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The waterborne wood coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the waterborne wood coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the waterborne wood coatings market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global waterborne wood coatings market based on various segments. It also provides market size and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The waterborne wood coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the waterborne wood coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the waterborne wood coatings market in these regions.
MARKET PLAYERS
The reports cover key developments in the waterborne wood coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from waterborne wood coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for waterborne wood coatings market in the global market. Below mentioned is the list of few companies engaged in the waterborne wood coatings market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the waterborne wood coatings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Akzo Nobel N.V
- Asian Paints Limited
- Axalta Coating Systems
- BASF SE
- Kansai Paint Co. Ltd.
- Nippon Paint Holdings Co. Ltd.
- PPG Industries Inc.
- RPM International Inc.
- The Dow Chemical Company
- The Sherwin-Williams Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Waterborne Wood Coatings Market - By Type
1.3.2Waterborne Wood Coatings Market - By Application
1.3.3Waterborne Wood Coatings Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.WATERBORNE WOOD COATINGS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.WATERBORNE WOOD COATINGS MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.WATERBORNE WOOD COATINGS MARKET - GLOBAL MARKET ANALYSIS
6.1.WATERBORNE WOOD COATINGS - GLOBAL MARKET OVERVIEW
6.2.WATERBORNE WOOD COATINGS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.WATERBORNE WOOD COATINGS MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.POLYURETHANE
7.3.1.Overview
7.3.2.Polyurethane Market Forecast and Analysis
7.4.ACRYLIC
7.4.1.Overview
7.4.2.Acrylic Market Forecast and Analysis
7.5.NITROCELLULOSE
7.5.1.Overview
7.5.2.Nitrocellulose Market Forecast and Analysis
7.6.UNSATURATED POLYESTER
7.6.1.Overview
7.6.2.Unsaturated Polyester Market Forecast and Analysis
7.7.OTHERS
7.7.1.Overview
7.7.2.Others Market Forecast and Analysis
8.WATERBORNE WOOD COATINGS MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.FURNITURE
8.3.1.Overview
8.3.2.Furniture Market Forecast and Analysis
8.4.JOINERY
8.4.1.Overview
8.4.2.Joinery Market Forecast and Analysis
8.5.FLOWING
8.5.1.Overview
8.5.2.Flowing Market Forecast and Analysis
8.6.OTHERS
8.6.1.Overview
8.6.2.Others Market Forecast and Analysis
9.WATERBORNE WOOD COATINGS MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Waterborne Wood Coatings Market Overview
9.1.2North America Waterborne Wood Coatings Market Forecasts and Analysis
9.1.3North America Waterborne Wood Coatings Market Forecasts and Analysis - By Type
9.1.4North America Waterborne Wood Coatings Market Forecasts and Analysis - By Application
9.1.5North America Waterborne Wood Coatings Market Forecasts and Analysis - By Countries
9.1.5.1United States Waterborne Wood Coatings Market
9.1.5.1.1United States Waterborne Wood Coatings Market by Type
9.1.5.1.2United States Waterborne Wood Coatings Market by Application
9.1.5.2Canada Waterborne Wood Coatings Market
9.1.5.2.1Canada Waterborne Wood Coatings Market by Type
9.1.5.2.2Canada Waterborne Wood Coatings Market by Application
9.1.5.3Mexico Waterborne Wood Coatings Market
9.1.5.3.1Mexico Waterborne Wood Coatings Market by Type
9.1.5.3.2Mexico Waterborne Wood Coatings Market by Application
9.2.EUROPE
9.2.1Europe Waterborne Wood Coatings Market Overview
9.2.2Europe Waterborne Wood Coatings Market Forecasts and Analysis
9.2.3Europe Waterborne Wood Coatings Market Forecasts and Analysis - By Type
9.2.4Europe Waterborne Wood Coatings Market Forecasts and Analysis - By Application
9.2.5Europe Waterborne Wood Coatings Market Forecasts and Analysis - By Countries
9.2.5.1Germany Waterborne Wood Coatings Market
9.2.5.1.1Germany Waterborne Wood Coatings Market by Type
9.2.5.1.2Germany Waterborne Wood Coatings Market by Application
9.2.5.2France Waterborne Wood Coatings Market
9.2.5.2.1France Waterborne Wood Coatings Market by Type
9.2.5.2.2France Waterborne Wood Coatings Market by Application
9.2.5.3Italy Waterborne Wood Coatings Market
9.2.5.3.1Italy Waterborne Wood Coatings Market by Type
9.2.5.3.2Italy Waterborne Wood Coatings Market by Application
9.2.5.4United Kingdom Waterborne Wood Coatings Market
9.2.5.4.1United Kingdom Waterborne Wood Coatings Market by Type
9.2.5.4.2United Kingdom Waterborne Wood Coatings Market by Application
9.2.5.5Rest of Europe Waterborne Wood Coatings Market
9.2.5.5.1Rest of Europe Waterborne Wood Coatings Market by Type
9.2.5.5.2Rest of Europe Waterborne Wood Coatings Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Waterborne Wood Coatings Market Overview
9.3.2Asia-Pacific Waterborne Wood Coatings Market Forecasts and Analysis
9.3.3Asia-Pacific Waterborne Wood Coatings Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific Waterborne Wood Coatings Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Waterborne Wood Coatings Market Forecasts and Analysis - By Countries
9.3.5.1Australia Waterborne Wood Coatings Market
9.3.5.1.1Australia Waterborne Wood Coatings Market by Type
9.3.5.1.2Australia Waterborne Wood Coatings Market by Application
9.3.5.2China Waterborne Wood Coatings Market
9.3.5.2.1China Waterborne Wood Coatings Market by Type
9.3.5.2.2China Waterborne Wood Coatings Market by Application
9.3.5.3India Waterborne Wood Coatings Market
9.3.5.3.1India Waterborne Wood Coatings Market by Type
9.3.5.3.2India Waterborne Wood Coatings Market by Application
9.3.5.4Japan Waterborne Wood Coatings Market
9.3.5.4.1Japan Waterborne Wood Coatings Market by Type
9.3.5.4.2Japan Waterborne Wood Coatings Market by Application
9.3.5.5South Korea Waterborne Wood Coatings Market
9.3.5.5.1South Korea Waterborne Wood Coatings Market by Type
9.3.5.5.2South Korea Waterborne Wood Coatings Market by Application
9.3.5.6Rest of Asia-Pacific Waterborne Wood Coatings Market
9.3.5.6.1Rest of Asia-Pacific Waterborne Wood Coatings Market by Type
9.3.5.6.2Rest of Asia-Pacific Waterborne Wood Coatings Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Waterborne Wood Coatings Market Overview
9.4.2Middle East and Africa Waterborne Wood Coatings Market Forecasts and Analysis
9.4.3Middle East and Africa Waterborne Wood Coatings Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa Waterborne Wood Coatings Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Waterborne Wood Coatings Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Waterborne Wood Coatings Market
9.4.5.1.1South Africa Waterborne Wood Coatings Market by Type
9.4.5.1.2South Africa Waterborne Wood Coatings Market by Application
9.4.5.2Saudi Arabia Waterborne Wood Coatings Market
9.4.5.2.1Saudi Arabia Waterborne Wood Coatings Market by Type
9.4.5.2.2Saudi Arabia Waterborne Wood Coatings Market by Application
9.4.5.3U.A.E Waterborne Wood Coatings Market
9.4.5.3.1U.A.E Waterborne Wood Coatings Market by Type
9.4.5.3.2U.A.E Waterborne Wood Coatings Market by Application
9.4.5.4Rest of Middle East and Africa Waterborne Wood Coatings Market
9.4.5.4.1Rest of Middle East and Africa Waterborne Wood Coatings Market by Type
9.4.5.4.2Rest of Middle East and Africa Waterborne Wood Coatings Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Waterborne Wood Coatings Market Overview
9.5.2South and Central America Waterborne Wood Coatings Market Forecasts and Analysis
9.5.3South and Central America Waterborne Wood Coatings Market Forecasts and Analysis - By Type
9.5.4South and Central America Waterborne Wood Coatings Market Forecasts and Analysis - By Application
9.5.5South and Central America Waterborne Wood Coatings Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Waterborne Wood Coatings Market
9.5.5.1.1Brazil Waterborne Wood Coatings Market by Type
9.5.5.1.2Brazil Waterborne Wood Coatings Market by Application
9.5.5.2Argentina Waterborne Wood Coatings Market
9.5.5.2.1Argentina Waterborne Wood Coatings Market by Type
9.5.5.2.2Argentina Waterborne Wood Coatings Market by Application
9.5.5.3Rest of South and Central America Waterborne Wood Coatings Market
9.5.5.3.1Rest of South and Central America Waterborne Wood Coatings Market by Type
9.5.5.3.2Rest of South and Central America Waterborne Wood Coatings Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.WATERBORNE WOOD COATINGS MARKET, KEY COMPANY PROFILES
11.1.AKZO NOBEL N.V
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.ASIAN PAINTS LIMITED
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.AXALTA COATING SYSTEMS
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.BASF SE
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.KANSAI PAINT CO. LTD.
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.NIPPON PAINT HOLDINGS CO. LTD.
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.PPG INDUSTRIES INC.
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.RPM INTERNATIONAL INC.
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.THE DOW CHEMICAL COMPANY
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.THE SHERWIN-WILLIAMS COMPANY
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. Akzo Nobel N.V
2. Asian Paints Limited
3. Axalta Coating Systems
4. BASF SE
5. Kansai Paint Co. Ltd.
6. Nippon Paint Holdings Co. Ltd.
7. PPG Industries Inc.
8. RPM International Inc.
9. The Dow Chemical Company
10. The Sherwin-Williams Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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