Wood Coatings Market, By Resin Type (Polyurethane, Acrylic, Nitrocellulose, Unsaturated Polyester, and Others), By Technology (Waterborne, Solvent-borne, Powder Coating, Radiation Cured, and Others), By Application (Furniture, Joinery, Flooring & Decking, Siding, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Feb 2025

Code : CMI261

Pages :160

Formats :

Excel and PDF

Industry : Specialty and Fine Chemicals

Wood Coatings Market Size and Trends

The global wood coatings market is estimated to be valued at USD 12.57 Bn in 2025 and is expected to reach USD 17.70 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 5.0% from 2025 to 2032.

Wood Coatings Market Key Factors

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Rapid growth in the construction sector and increase in remodeling and renovation activities are expected to drive the demand for wood coatings globally during the forecast period. The wood coatings market is anticipated to witness significant growth on account of rising spending on home improvement and increasing consumer preference towards wood finishes. Furthermore, growing concerns regarding sustainability and emphasis on green buildings are augmenting the demand for eco-friendly wood coatings. Innovation in formulation and introduction of bio-based and low VOC coatings will further aid the business expansion over the next few years.

Growing Demand from Construction Industry

The global construction industry has been experiencing steady growth over the past few years and this growth is expected to continue going forward. There has been a rising population worldwide which is translating to increased construction of residential and commercial buildings. Both developing and developed countries are witnessing major infrastructure projects in areas like transportation, energy, and utilities. All these construction activities require huge quantity of wood products, which, in turn, drives the demand for wood coatings. Whether it is for doors, windows, furniture, or other structural applications, wood offers advantages like sustainability, stability, and aesthetics. In order to protect wood from outer environment including weathering, corrosion, and degradation, coatings play a very important role. They help in improving the lifespan of wood substantially. With the persistent growth trends in construction, wood consumption will keep rising worldwide, thereby augmenting the market for wood coatings as protecting wood remains critical.