Market Research Logo

Global Furniture Wood Coatings Market 2017-2021

Global Furniture Wood Coatings Market 2017-2021

About Furniture Wood Coatings

Furniture wood coatings are used in wooden furniture to achieve aesthetic properties and prevent mechanical, physical, and chemical damage. These coatings are predominantly used in kitchen cabinets, institutional furniture, partitions and fixtures, household furniture, and office furniture. The growth in APAC and increasing demand for green building are the major drivers of the global market. Growing importance for UV-cured coatings, which has low VOC concentration, is expected to boost the market growth.

Technavio’s analysts forecast the global furniture wood coatings market to grow at a CAGR of 6.16% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global furniture wood coatings market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Furniture Wood Coatings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Akzo Nobel
  • BASF
  • The Sherwin-Williams Company
  • The Dow Chemical Company
  • PPG Industries
Other prominent vendors
  • Benjamin Moore
  • Diamond Vogel
  • Drywood Coatings
  • Helios Group - A member of Kansai Paint
  • IVM Chemicals
  • Jotun
  • KAPCI Coatings
  • Rust-Oleum
  • Royal DSM
Market driver
  • Increasing availability of recycled wood
  • For a full, detailed list, view our report
Market challenge
  • Drawbacks of applications
  • For a full, detailed list, view our report
Market trend
  • Growing importance for UV-cured coatings
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Furniture Wood Coatings Market 2017-2021

Technavio recognizes the following companies as the key players in the global furniture wood coatings market: Akzo Nobel, BASF, The Sherwin-Williams Company, The Dow Chemical Company, and PPG Industries.

Other Prominent Vendors in the market are: Benjamin Moore, Diamond Vogel, Drywood Coatings, Helios Group, IVM Chemicals, Jotun, KAPCI Coatings, Rust-Oleum, and Royal DSM.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing importance for UV-cured coatings. The demand for UV-cured coatings is growing, owing to lesser drying time and low VOC content. Several furniture manufacturers are adopting UV-cured coatings to conserve the production time and to expand the production volumes. In addition, the higher density achieved by UV-cured coatings results is enhanced physical properties. Therefore, the shift toward UV-cured coatings is expected to continue during the forecast period, which will boost the global furniture wood coatings market.”

According to the report, one of the major drivers for this market is Increasing availability of recycled wood. To prevent wood landfills and reduce waste, governments are imposing regulations to the limit of landfills. Europe imposed the Waste Framework Directive 2008/98EC to improve the recycling and use of resources. This regulation is aimed to meet the target of achieving 70% of recycling in construction and demolition, by 2020. It is estimated that approximately 5.1 million metric ton of wood waste is generated and 1.3 million metric ton of wood is being recovered every year in Europe. This increasing rate of wood recovery is expected to boost the global furniture wood coatings market.

Further, the report states that one of the major factors hindering the growth of this market is Drawbacks of applications. Several applications such as kitchen cabinets and office furniture require customized wood coating solutions. Waterborne and powder coatings exhibit different finishing on different applications. For instance, in the case of powder coatings, applying a thin coat stands as a challenge as powder coatings show uneven thickness, especially at the edges of furniture. Such difficulties in the applications of coatings are likely to hamper the demand for waterborne and powder coatings. This will consequently affect the global furniture wood coatings market.

Companies Mentioned

Akzo Nobel, BASF, The Sherwin-Williams Company, The Dow Chemical Company, PPG Industries, Benjamin Moore, Diamond Vogel, Drywood Coatings, Helios Group, IVM Chemicals, Jotun, KAPCI Coatings, Rust-Oleum, and Royal DSM.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market overview
      • Table Value chain of furniture wood
      • Table Global furniture market segmentation
  • Market landscape
    • Market overview
      • Table Global furniture wood coatings market 2017-2021
    • Market size and forecast
      • Table Global furniture wood coatings market 2016 and 2021 ($ millions)
      • Table Market forecast: Global furniture wood coatings market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Overview: Global furniture wood coatings market by type
      • Table Global furniture wood coatings market by type 2016-2021
      • Table Market forecast: Global furniture wood coatings market by type 2016 and 2021 ($millions)
    • Global solvent-borne furniture wood coatings market
      • Table Global solvent-borne furniture wood coatings market 2016 and 2021 ($ millions)
      • Table Market forecast: Global solvent-borne furniture wood coatings market 2016-2021
    • Global waterborne furniture wood coatings market
      • Table Global waterborne furniture wood coatings market 2016 and 2021 ($ millions)
      • Table Market forecast: Global waterborne furniture wood coatings market 2016-2021
    • Global radiation-cured furniture wood coatings market
      • Table Global radiation-cured furniture wood coatings market 2016 and 2021 ($ millions)
      • Table Market forecast: Global radiation-cured furniture wood coatings market 2016-2021
    • Global powder furniture wood coatings market
      • Table Global powder furniture wood coatings market 2016 and 2021 ($ millions)
      • Table Market forecast: Global powder furniture wood coatings market 2016-2021
  • Market segmentation by geography
    • Overview: Global furniture wood coatings market by geography
      • Table Global furniture wood coatings market by geography 2016-2021
      • Table Global furniture wood coatings market by geography 2016 and 2021 ($ millions)
    • Furniture wood coatings market in APAC
      • Table Furniture wood coatings market in APAC 2016 and 2021 ($ millions)
      • Table Market forecast: Furniture wood coatings market in APAC 2016-2021
    • Furniture wood coatings market in EMEA
      • Table Furniture wood coatings market in EMEA 2016 and 2021 ($ millions)
      • Table Market forecast: Furniture wood coatings market in EMEA 2016-2021
    • Furniture wood coatings market in Americas
      • Table Furniture wood coatings market in Americas 2016 and 2021 ($ millions)
      • Table Market forecast: Furniture wood coatings market in Americas 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growing importance for UV-cured coatings
    • Increasing mergers and acquisitions
    • Increasing new product development
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Global furniture wood coatings market: Major vendors
    • Other prominent vendors
  • Key vendor analysis
    • Akzo Nobel
      • Table Akzo Nobel: Business segmentation by revenue 2016
      • Table Akzo Nobel: Geographical segmentation by revenue 2016
    • BASF
      • Table BASF: Business segmentation by revenue 2016
      • Table BASF: Geographical segmentation by revenue 2016
    • The Sherwin-Williams Company
      • Table The Sherwin-Williams Company: Business segmentation by revenue 2016
      • Table The Sherwin-Williams Company: Geographical segmentation by revenue 2016
    • The Dow Chemical Company
      • Table The Dow Chemical Company: Business segmentation by revenue 2016
      • Table The Dow Chemical Company: Geographical segmentation by revenue 2016
    • PPG Industries
      • Table PPG Industries: Business segmentation by revenue 2016
      • Table PPG Industries: Geographical segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report