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

Asia Pacific wood coating will grow by 6.4% annually with a total addressable market cap of $66,086.3 million over 2022-2031

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.

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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

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Manmayi Raval

Manmayi Raval

Research Consultant

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.

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Manmayi Raval

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.)

Table of Contents

  • 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
  • RELATED REPORTS 119

List of Figures:

Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 16
Figure 4. Asia Pacific Wood Coating Market, 2021-2031, $ mn 19
Figure 5. Impact of COVID-19 on Business 24
Figure 6. Primary Drivers and Impact Factors of Asia Pacific Wood Coating Market 26
Figure 7. Forecast of Middle-class Population by Region, 2015-2030, million 29
Figure 8. World Infrastructure and Natural Resources Fundraising by Region, 2010-2021, $ billion 30
Figure 9. Primary Restraints and Impact Factors of Asia Pacific Wood Coating Market 32
Figure 10. Investment Opportunity Analysis 36
Figure 11. Porter’s Fiver Forces Analysis of Asia Pacific Wood Coating Market 39
Figure 12. Breakdown of Asia Pacific Wood Coating Market by Formulation, 2021-2031, % of Revenue 44
Figure 13. Asia Pacific Addressable Market Cap in 2022-2031 by Formulation, Value ($ mn) and Share (%) 44
Figure 14. Asia Pacific Wood Coating Market by Formulation: Solvent-Borne, 2021-2031, $ mn 45
Figure 15. Asia Pacific Wood Coating Market by Formulation: Water-Borne, 2021-2031, $ mn 46
Figure 16. Asia Pacific Wood Coating Market by Formulation: High Solid, 2021-2031, $ mn 47
Figure 17. Asia Pacific Wood Coating Market by Formulation: Powder-Borne, 2021-2031, $ mn 48
Figure 18. Asia Pacific Wood Coating Market by Formulation: UV-Cured, 2021-2031, $ mn 49
Figure 19. Breakdown of Asia Pacific Wood Coating Market by Material Type, 2021-2031, % of Sales Revenue 51
Figure 20. Asia Pacific Addressable Market Cap in 2022-2031 by Material Type, Value ($ mn) and Share (%) 51
Figure 21. Asia Pacific Wood Coating Market by Material Type: Polyurethane, 2021-2031, $ mn 52
Figure 22. Asia Pacific Wood Coating Market by Material Type: Acrylic, 2021-2031, $ mn 53
Figure 23. Asia Pacific Wood Coating Market by Material Type: Melamine-formaldehyde, 2021-2031, $ mn 54
Figure 24. Asia Pacific Wood Coating Market by Material Type: Nitrocellulose, 2021-2031, $ mn 55
Figure 25. Asia Pacific Wood Coating Market by Material Type: Other Material Types, 2021-2031, $ mn 56
Figure 26. Breakdown of Asia Pacific Wood Coating Market by Coating Type, 2021-2031, % of Sales Revenue 58
Figure 27. Asia Pacific Addressable Market Cap in 2022-2031 by Coating Type, Value ($ mn) and Share (%) 58
Figure 28. Asia Pacific Wood Coating Market by Coating Type: Stain & Varnishes, 2021-2031, $ mn 59
Figure 29. Asia Pacific Wood Coating Market by Coating Type: Wood Preservatives, 2021-2031, $ mn 60
Figure 30. Asia Pacific Wood Coating Market by Coating Type: Shellacs, 2021-2031, $ mn 61
Figure 31. Asia Pacific Wood Coating Market by Coating Type: Water Repellants, 2021-2031, $ mn 62
Figure 32. Asia Pacific Wood Coating Market by Coating Type: Other Coating Types, 2021-2031, $ mn 63
Figure 33. Breakdown of Asia Pacific Wood Coating Market by Technology, 2021-2031, % of Revenue 65
Figure 34. Asia Pacific Addressable Market Cap in 2022-2031 by Technology, Value ($ mn) and Share (%) 65
Figure 35. Asia Pacific Wood Coating Market by Technology: Spraying Coatings, 2021-2031, $ mn 66
Figure 36. Asia Pacific Wood Coating Market by Spraying Coatings: Conventional Spraying, 2021-2031, $ mn 68
Figure 37. Asia Pacific Wood Coating Market by Spraying Coatings: High-Volume Low-Pressure Spraying, 2021-2031, $ mn 69
Figure 38. Asia Pacific Wood Coating Market by Spraying Coatings: Electrostatic Spraying, 2021-2031, $ mn 70
Figure 39. Asia Pacific Wood Coating Market by Spraying Coatings: Airless Spraying, 2021-2031, $ mn 71
Figure 40. Asia Pacific Wood Coating Market by Technology: Non-Spray Coatings, 2021-2031, $ mn 72
Figure 41. Asia Pacific Wood Coating Market by Non-Spray Coatings: Rollers, 2021-2031, $ mn 74
Figure 42. Asia Pacific Wood Coating Market by Non-Spray Coatings: Brushes, 2021-2031, $ mn 75
Figure 43. Asia Pacific Wood Coating Market by Non-Spray Coatings: Vacuums, 2021-2031, $ mn 76
Figure 44. Asia Pacific Wood Coating Market by Non-Spray Coatings: Curtaining, 2021-2031, $ mn 77
Figure 45. Breakdown of Asia Pacific Wood Coating Market by Application, 2021-2031, % of Revenue 79
Figure 46. Asia Pacific Addressable Market Cap in 2022-2031 by Application, Value ($ mn) and Share (%) 79
Figure 47. Asia Pacific Wood Coating Market by Application: Furniture and Cabinetry, 2021-2031, $ mn 80
Figure 48. Asia Pacific Wood Coating Market by Application: Paneling & Doors, 2021-2031, $ mn 81
Figure 49. Asia Pacific Wood Coating Market by Application: Siding, 2021-2031, $ mn 82
Figure 50. Asia Pacific Wood Coating Market by Application: Flooring, 2021-2031, $ mn 83
Figure 51. Asia Pacific Wood Coating Market by Application: Other Applications, 2021-2031, $ mn 84
Figure 52. Breakdown of APAC Wood Coating Market by Country, 2021 and 2031, % of Revenue 86
Figure 53. Contribution to APAC 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 87
Figure 54. Wood Coating Market in Japan, 2021-2031, $ mn 89
Figure 55. Wood Coating Market in China, 2021-2031, $ mn 91
Figure 56. Wood Coating Market in Australia, 2021-2031, $ mn 94
Figure 57. Wood Coating Market in India, 2021-2031, $ mn 96
Figure 58. Wood Coating Market in South Korea, 2021-2031, $ mn 98
Figure 59. Wood Coating Market in Rest of APAC, 2021-2031, $ mn 100
Figure 60. Growth Stage of Asia Pacific Wood Coating Industry over the Forecast Period 102

List of Tables:

Table 1. Snapshot of Asia Pacific Wood Coating Market in Balanced Perspective, 2021-2031 17
Table 2. World Economic Outlook, 2021-2031 21
Table 3. World Economic Outlook, 2021-2023 22
Table 4. Main Product Trends and Market Opportunities in Asia Pacific Wood Coating Market 35
Table 5. Asia Pacific Wood Coating Market by Formulation, 2021-2031, $ mn 43
Table 6. Asia Pacific Wood Coating Market by Material Type, 2021-2031, $ mn 50
Table 7. Asia Pacific Wood Coating Market by Coating Type, 2021-2031, $ mn 57
Table 8. Asia Pacific Wood Coating Market by Technology, 2021-2031, $ mn 64
Table 9. Asia Pacific Wood Coating Market: Spraying Coatings by Type, 2021-2031, $ mn 67
Table 10. Asia Pacific Wood Coating Market: Non-Spraying Coatings by Type, 2021-2031, $ mn 73
Table 11. Asia Pacific Wood Coating Market by Application, 2021-2031, $ mn 78
Table 12. APAC Wood Coating Market by Country, 2021-2031, $ mn 86
Table 13. Japan Wood Coating Market by Formulation, 2021-2031, $ mn 90
Table 14. Japan Wood Coating Market by Coating Type, 2021-2031, $ mn 90
Table 15. Japan Wood Coating Market by Application, 2021-2031, $ mn 90
Table 16. China Wood Coating Market by Formulation, 2021-2031, $ mn 92
Table 17. China Wood Coating Market by Coating Type, 2021-2031, $ mn 92
Table 18. China Wood Coating Market by Application, 2021-2031, $ mn 92
Table 19. Australia Wood Coating Market by Formulation, 2021-2031, $ mn 95
Table 20. Australia Wood Coating Market by Coating Type, 2021-2031, $ mn 95
Table 21. Australia Wood Coating Market by Application, 2021-2031, $ mn 95
Table 22. India Wood Coating Market by Formulation, 2021-2031, $ mn 97
Table 23. India Wood Coating Market by Coating Type, 2021-2031, $ mn 97
Table 24. India Wood Coating Market by Application, 2021-2031, $ mn 97
Table 25. South Korea Wood Coating Market by Formulation, 2021-2031, $ mn 99
Table 26. South Korea Wood Coating Market by Coating Type, 2021-2031, $ mn 99
Table 27. South Korea Wood Coating Market by Application, 2021-2031, $ mn 99
Table 28. Wood Coating Market in Rest of APAC by Country/Region, 2021-2031, $ mn 101
Table 29. AkzoNobel N.V: Company Snapshot 106
Table 30. AkzoNobel N.V: Business Segmentation 107
Table 31. AkzoNobel N.V: Product Portfolio 107
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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

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