Asia Pacific wood coating will grow by 6.4% annually with a total addressable market cap of $66,086.3 million over 2022-2031, driven by the advantages and superior properties of wood coatings, the increasing demand for furniture and wooden products due to rising construction and remodeling activities, the advancement in coatings technology, the rapid increase in disposable income of consumers, and the emerging concept of smart home.
Highlighted with 31 tables and 60 figures, this 119-page report "Asia Pacific Wood Coating Market 2021-2031 by Formulation (Solvent-Borne, Water-Borne, High Solid, Powder-Borne, UV-Cured), Material Type (Polyurethane, Acrylic, Melamine-formaldehyde, Nitrocellulose), Coating Type (Stain & Varnishes, Wood Preservatives, Shellacs, Water Repellants), Technology (Spraying, Non-Spray), Application (Furniture and Cabinetry, Paneling & Doors, Siding, Flooring, Others), and Country: Trend Forecast and Growth Opportunity" is based on a comprehensive research of the entire Asia Pacific wood coating market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter's Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific wood coating market in every aspect of the classification from perspectives of Formulation, Material Type, Coating Type, Technology, Application, and Country.
Based on Formulation, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Solvent-Borne
• Water-Borne
• High Solid
• Powder-Borne
• UV-Cured
Based on Material Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Polyurethane
• Acrylic
• Melamine-formaldehyde
• Nitrocellulose
• Other Material Types
By Coating Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Stain & Varnishes
• Wood Preservatives
• Shellacs
• Water Repellants
• Other Coating Types
By Technology, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Spraying Coatings
o Conventional Spraying
o High-Volume Low-Pressure Spraying
o Electrostatic Spraying
o Airless Spraying
• Non-Spray Coatings
o Rollers
o Brushes
o Vacuums
o Curtaining
By T Application, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
• Furniture and Cabinetry
• Paneling & Doors
• Siding
• Flooring
• Other Applications
Geographically, the following national/local markets are fully investigated:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of national markets by Formulation, Coating Type and Application over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
AkzoNobel N.V
Arkema SA
Axalta Coating Systems
BASF SE
Kansai Paint Co., Ltd.
Lonza Group Ltd.
Nippon Paint Co., Ltd.
PPG Industries Inc.
RPM International Inc.
Sherwin-Williams Company
Sirca SPA
Teknos Group
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 20
2.1.2 Impact of COVID-19 on the Market 24
2.2 Major Growth Drivers 26
2.3 Market Restraints and Challenges 32
2.4 Emerging Opportunities and Market Trends 35
2.5 Porter's Fiver Forces Analysis 39
3 Segmentation of Asia Pacific Market by Formulation 43
3.1 Market Overview by Formulation 43
3.2 Solvent-Borne 45
3.3 Water-Borne 46
3.4 High Solid 47
3.5 Powder-Borne 48
3.6 UV-Cured 49
4 Segmentation of Asia Pacific Market by Material Type 50
4.1 Market Overview by Material Type 50
4.2 Polyurethane 52
4.3 Acrylic 53
4.4 Melamine-formaldehyde 54
4.5 Nitrocellulose 55
4.6 Other Material Types 56
5 Segmentation of Asia Pacific Market by Coating Type 57
5.1 Market Overview by Coating Type 57
5.2 Stain & Varnishes 59
5.3 Wood Preservatives 60
5.4 Shellacs 61
5.5 Water Repellants 62
5.6 Other Coating Types 63
6 Segmentation of Asia Pacific Market by Technology 64
6.1 Market Overview by Technology 64
6.2 Spraying Coatings 66
6.2.1 Conventional Spraying 68
6.2.2 High-Volume Low-Pressure Spraying 69
6.2.3 Electrostatic Spraying 70
6.2.4 Airless Spraying 71
6.3 Non-Spray Coatings 72
6.3.1 Rollers 74
6.3.2 Brushes 75
6.3.3 Vacuums 76
6.3.4 Curtaining 77
7 Segmentation of Asia Pacific Market by Application 78
7.1 Market Overview by Application 78
7.2 Furniture and Cabinetry 80
7.3 Paneling & Doors 81
7.4 Siding 82
7.5 Flooring 83
7.6 Other Applications 84
8 Asia-Pacific Market 2021-2031 by Country 85
8.1 Overview of Asia-Pacific Market 85
8.2 Japan 88
8.3 China 91
8.4 Australia 94
8.5 India 96
8.6 South Korea 98
8.7 Rest of APAC Region 100
9 Competitive Landscape 102
9.1 Overview of Key Vendors 102
9.2 New Product Launch, Partnership, Investment, and M&A 105
9.3 Company Profiles 106
AkzoNobel N.V 106
Arkema SA 108
Axalta Coating Systems 109
BASF SE 110
Kansai Paint Co., Ltd. 111
Lonza Group Ltd. 112
Nippon Paint Co., Ltd. 113
PPG Industries Inc. 114
RPM International Inc. 115
Sherwin-Williams Company 116
Sirca SPA 117
Teknos Group 118
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