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Global Furniture Wood Coatings Market 2019-2023

Global Furniture Wood Coatings Market 2019-2023

About this market

Growing demand for radiation-cured coatings to drive market growth. The increasing demand for radiation-cured coatings will significantly drive market growth during the forecast period. Radiation-cured coatings offer numerous advantages including smaller manufacturing footprints, reduced energy consumption, low VOCs, solvents are not required, and environmental impact. lesser curing time, and increased production rate. These coatings can be easily and conveniently applied on wooden surfaces of furniture as it does not require thermal heating or pressure application. Technavio’ s analysts have predicted that the furniture wood coatings market will register a CAGR of over 6% by 2023.

Market Overview

Increased demand for application on medium-density fiber products

Medium-density fiber (MDF) is an engineered wood product. It is obtained when high temperature and pressure are applied to break down hardwood and softwood residues into wood fibers. It is a composite manufactured by combining wood fiber and resin. Vendors and end-users of MDF prefer furniture wood coatings over other coating products, such as paints, led by higher durability and reliability and faster setting time as well as good product performance and quality finish on MDF products.

Increasing concern about wood logging

Wood logging is the process of cutting, skidding, and slicing of forest woods for industrial activities. An estimated 500,000 hectares of forest area is cleared or degraded each week globally, and approximately 40 million hectares of tropical forest area was cleared in the past decade in South East Asia and Latin America. Therefore, the most important sites for plant diversity are threatened by commercial logging.

For the detailed list of factors that will drive and challenge the growth of the furniture wood coatings market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Akzo Nobel and BASF the competitive environment is quite intense. Factors such as the increased demand for application on medium-density fiber products and the growing demand for radiation-cured coatings, will provide considerable growth opportunities to furniture wood coatings manufactures. Akzo Nobel, BASF, DowDuPont, LANXESS, PPG Industries, and The Sherwin-Williams Company are some of the major companies covered in this report.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global paints and coatings market
      • Table Segments of global paints and coatings market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by technology
    • Table Technology - Market share 2018-2023 (%)
    • Comparison by technology
      • Table Comparison by technology
    • Solvent-borne - Market size and forecast 2018-2023
      • Table Solvent-borne - Market size and forecast 2018-2023 ($ millions)
      • Table Solvent-borne - Year-over-year growth 2019-2023 (%)
    • Water-borne - Market size and forecast 2018-2023
      • Table Water-borne - Market size and forecast 2018-2023 ($ millions)
      • Table Water-borne - Year-over-year growth 2019-2023 (%)
    • Radiation-cured - Market size and forecast 2018-2023
      • Table Radiation-cured - Market size and forecast 2018-2023 ($ millions)
      • Table Radiation-cured - Year-over-year growth 2019-2023 (%)
    • Powder coating - Market size and forecast 2018-2023
      • Table Powder coating - Market size and forecast 2018-2023 ($ millions)
      • Table Powder coating - Year-over-year growth 2019-2023 (%)
    • Market opportunity by technology
      • Table Market opportunity by technology
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Crude oil prices 2010-2017 ($ per barrel)
      • Table Impact of drivers and challenges
  • Market trends
    • Increasing product launches and capacity expansions
    • Emergence of natural wood coating solutions
    • Growing demand for radiation-cured coatings
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
    • Key vendors in global furniture wood coatings market
      • Table Key vendors in global furniture wood coatings market 2018
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Akzo Nobel
      • Table Akzo Nobel - Vendor overview
      • Table Akzo Nobel - Business segments
      • Table Akzo Nobel - Organizational developments
      • Table Akzo Nobel - Geographic focus
      • Table Akzo Nobel - Segment focus
      • Table Akzo Nobel - Key offerings
    • BASF
      • Table BASF - Vendor overview
      • Table BASF - Business segments
      • Table BASF - Organizational developments
      • Table BASF - Geographic focus
      • Table BASF - Segment focus
      • Table BASF - Key offerings
    • DowDuPont
      • Table DowDuPont - Vendor overview
      • Table DowDuPont - Business segments
      • Table DowDuPont - Organizational developments
      • Table DowDuPont - Geographic focus
      • Table DowDuPont - Segment focus
      • Table DowDuPont - Key offerings
    • LANXESS
      • Table LANXESS - Vendor overview
      • Table LANXESS - Business segments
      • Table LANXESS - Organizational developments
      • Table LANXESS - Geographic focus
      • Table LANXESS - Segment focus
      • Table LANXESS - Key offerings
    • PPG Industries
      • Table PPG Industries - Vendor overview
      • Table PPG Industries - Business segments
      • Table PPG Industries - Organizational developments
      • Table PPG Industries - Segment focus
      • Table PPG Industries - Key offerings
    • The Sherwin-Williams Company
      • Table The Sherwin-Williams Company - Vendor overview
      • Table The Sherwin-Williams Company - Business segments
      • Table The Sherwin-Williams Company - Organizational developments
      • Table The Sherwin-Williams Company - Geographic focus
      • Table The Sherwin-Williams Company - Segment focus
      • Table The Sherwin-Williams Company - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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