Asia Pacific Wood Coatings Market By Resin Type (Polyurethane, Acrylic, Nitrocellulose, Unsaturated Polyester and Others) By Technology (Waterborne, Conventional Solid Solvent Borne, High Solid Solvent Borne, Powder Coating, Radiation Cured and Others) By End Use (Furniture, Joinery, Flooring and Others)

Analysis of Market Size & Trends

The Asia Pacific Wood Coatings Market would witness market growth of 6.5% CAGR during the forecast period (2019-2025).

Based on region, Asia-Pacific has recorded a major share in the global wood coatings market. This market share can be attributed to the increasing demand for wood coatings from application sectors including furniture, flooring, joinery, and others. The advantages of wood coatings like enduring surface finish, resilience to UV light damage, solvent & scratch resistance, resistance to general wear & tear, superior sanding, and instant drying, have collectively increased the demand for wood coatings in the construction and furniture industries.

Water-based coatings give a clean and clear surface and have little smell as compared to the oil-based coatings. They're thin in consistency, so they dry readily. The flexibility of water-based wood coatings enables them to rapidly adhere to any surface. The French polishing technique is a classic timber finishing method. It's a combination of shellac and alcohol. A rubbing pad lubricated with oil is used to apply this coating to the wooden surface. It provides the wooden surface the glossiest appearance.

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Based on Resin Type, the market is segmented into Polyurethane, Acrylic, Nitrocellulose, Unsaturated Polyester and Others. Based on Technology, the market is segmented into Waterborne, Conventional Solid Solvent Borne, High Solid Solvent Borne, Powder Coating, Radiation Cured and Others. Based on End Use, the market is segmented into Furniture, Joinery, Flooring and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Akzo Nobel N.V., BASF SE, Arkema S.A., Eastman Chemical Company, Nippon Paints Holdings Co. Ltd., RPM International, Inc., Ashland Global Holdings, Inc., Diamond Vogel Paints Company, Sherwin Williams Company, PPG Industries, Inc.

Scope of the Wood Coatings Market Analysis

Market Segmentation:

By Resin Type

• Polyurethane
• Acrylic
• Nitrocellulose
• Unsaturated Polyester and
• Others

By Technology

• Waterborne
• Conventional Solid Solvent Borne
• High Solid Solvent Borne
• Powder Coating
• Radiation Cured and
• Others

By End User

• Furniture
• Joinery
• Flooring and
• Others

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Companies Profiled

• Akzo Nobel N.V.
• BASF SE
• Arkema S.A.
• Eastman Chemical Company
• Nippon Paints Holdings Co. Ltd.
• RPM International, Inc.
• Ashland Global Holdings, Inc.
• Diamond Vogel Paints Company
• Sherwin Williams Company
• PPG Industries, Inc.