세계의 용제 목재 코팅제 시장 : 규모, 점유율, 성장, 산업 분석, 유형별, 용도별, 지역별 인사이트, 예측(2024-2032년)

Growth Factors of solvent-borne wood coatings Market

The global solvent-borne wood coatings market continues to expand steadily, driven by increasing construction activities, rising demand for premium wood finishes, and the widespread use of solvent-based technologies across furniture, flooring, and cabinetry applications. According to the latest industry assessment, the market size reached USD 9.02 billion in 2024, is expected to grow to USD 9.32 billion in 2025, and is projected to reach USD 12.22 billion by 2032, exhibiting a CAGR of 3.9% during the forecast period. This growth reflects the continued preference for high-performance coatings with superior durability, rich finish quality, and faster drying times compared to water-borne alternatives.

Market Overview

Solvent-borne wood coatings remain a preferred choice in the woodworking and construction sectors due to their exceptional protective properties. These coatings rely on organic solvents that dissolve resins and additives, allowing for deep penetration into wood surfaces. This ensures enhanced resistance against moisture, scratches, and environmental wear, making them suitable for premium furniture, flooring, and architectural wood structures.

In 2024, the Asia Pacific region accounted for 47.00% of the global market, demonstrating its leadership driven by rapid urbanization, booming residential construction, and expanding furniture manufacturing across China, India, and Southeast Asian countries. Key companies-including Akzo Nobel, Sherwin-Williams, PPG Industries, RPM International, and Sirca-continue to innovate in resin technologies to strengthen their presence in the global market.

Market Drivers

1. Growing Demand for High-Quality Wood Aesthetics

Consumers and manufacturers increasingly prefer wood finishes with high gloss, superior grain enhancement, and long-lasting color retention. Solvent-borne coatings deliver these premium attributes consistently, making them indispensable in luxury furniture and interior decor applications. Their ability to produce deep, rich finishes often surpasses water-based alternatives, driving ongoing demand across professional woodworking environments.

2. Rising Construction and Renovation Activities

Global construction activities continue to grow across emerging economies, creating a strong demand for wood coatings. In residential and commercial projects, solvent-borne coatings are widely used for doors, cabinets, wooden flooring, and decorative elements due to their durability and ease of application. The recovery of housing markets in several regions from 2021 onward has strengthened wood finishing demand, particularly in the U.S., China, India, and parts of Europe.

The United States generated USD 1.20 billion in 2024, showcasing robust demand from its residential construction and furniture sectors despite environmental regulations restricting VOC emissions.

Market Restraints

Stringent regulations governing volatile organic compound (VOC) emissions present a major challenge to solvent-borne coating producers. Agencies such as the U.S. EPA and the European Chemicals Agency enforce strict VOC limits, pushing manufacturers to reformulate traditional coatings. High compliance costs, along with competitive pressure from eco-friendly alternatives, may restrict market growth over the long term.

Market Opportunities

Despite regulatory pressures, demand for premium furniture, architectural applications, and long-lasting exterior wood finishes continues to create significant opportunities. Innovations in low-VOC solvent formulations, hybrid resin systems, and bio-based materials are helping manufacturers retain market share while improving environmental compatibility. The introduction of products such as Akzo Nobel's 20% bio-based RUBBOL WF 3350 demonstrates the industry's shift toward sustainable yet high-performance solutions.

Market Challenges

Price volatility in petrochemical-derived ingredients-such as resins, solvents, and additives-remains a persistent challenge. As raw materials account for over half of production costs, fluctuations in chemical prices can significantly affect profitability and product pricing across global markets.

Segmentation Overview

By Product

The polyurethane segment led the market in 2024, driven by increasing use in construction and furniture manufacturing due to its superior durability and chemical resistance. Acrylic coatings are expected to show notable growth by 2032.

By Application

Furniture remained the dominant segment in 2024 due to rising consumer preference for premium wood finishes. Cabinetry ranked second, followed by flooring & decking, which continues to expand due to demand for durable wood surfaces.

Regional Outlook

• Asia Pacific: Largest regional market with USD 4.24 billion in 2024, driven by strong construction growth.
• North America: Strong demand supported by residential construction and furniture manufacturing, with the U.S. leading regional consumption.
• Europe: Stable growth influenced by renovations, high-quality furniture demand, and strict environmental standards.
• Latin America & Middle East & Africa: Growth supported by construction investments and expanding furniture production.

Conclusion

With the global market rising from USD 9.02 billion in 2024 to USD 9.32 billion in 2025, and projected to reach USD 12.22 billion by 2032, solvent-borne wood coatings remain vital to the woodworking and construction industries. Advancements in resin technology, strong regional construction growth, and increased demand for premium finishes will continue to strengthen the market through 2032.

Segmentation By Product

• Polyurethane
• Acrylic
• Others

By Application

• Furniture
• Cabinets
• Sidings
• Flooring & Decking
• Others

By Region

• North America (By Product, By Application, and By Country)
  • U.S. (By Application)
  • Canada (By Application)
• Europe (By Product, By Application, and By Country)
  • Germany (By Application)
  • U.K. (By Application)
  • France (By Application)
  • Italy (By Application)
  • Spain (By Application)
  • Rest of Europe (By Application)
• Asia Pacific (By Product, By Application, and By Country)
  • China (By Application)
  • Japan (By Application)
  • India (By Application)
  • South Korea (By Application)
  • Rest of Asia Pacific (By Application)
• Latin America (By Product, By Application, and By Country)
  • Brazil (By Application)
  • Mexico (By Application)
  • Rest of Latin America (By Application)
• Middle East & Africa (By Product, By Application, and By Country)
  • GCC (By Application)
  • South Africa (By Application)
  • Rest of Middle East & Africa (By Application)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Trends
• 4.2. Key Developments
• 4.3. Insights on Sustainability
• 4.4. Latest Technological Advancements
• 4.5. Porters Five Forces Analysis
• 4.6. Qualitative Insights on Impact of COVID-19 on the Market

5. Global Solvent-borne Wood Coating Market Analysis, Insights and Forecast, 2019-2032

• 5.1. Key Findings / Summary
• 5.2. By Product (Volume/Value)
  • 5.2.1. Polyurethane
  • 5.2.2. Acrylic
  • 5.2.3. Others
• 5.3. By Application (Volume/Value)
  • 5.3.1. Furniture
  • 5.3.2. Cabinets
  • 5.3.3. Sliding
  • 5.3.4. Flooring & Decking
  • 5.3.5. Others
• 5.4. By Region (Volume/Value)
  • 5.4.1. North America
  • 5.4.2. Europe
  • 5.4.3. Asia Pacific
  • 5.4.4. Latin America
  • 5.4.5. Middle East & Africa

6. North America Solvent-borne Wood Coating Market Analysis, Insights and Forecast, 2019-2032

• 6.1. Key Findings / Summary
• 6.2. By Product (Volume/Value)
  • 6.2.1. Polyurethane
  • 6.2.2. Acrylic
  • 6.2.3. Others
• 6.3. By Application (Volume/Value)
  • 6.3.1. Furniture
  • 6.3.2. Cabinets
  • 6.3.3. Sliding
  • 6.3.4. Flooring & Decking
  • 6.3.5. Others
• 6.4. By Country (Volume/Value)
  • 6.4.1. U.S.
    • 6.4.1.1. By Application (Volume/Value)
      • 6.4.1.1.1. Furniture
      • 6.4.1.1.2. Cabinets
      • 6.4.1.1.3. Sliding
      • 6.4.1.1.4. Flooring & Decking
      • 6.4.1.1.5. Others
  • 6.4.2. Canada
    • 6.4.2.1. By Application (Volume/Value)
      • 6.4.2.1.1. Furniture
      • 6.4.2.1.2. Cabinets
      • 6.4.2.1.3. Sliding
      • 6.4.2.1.4. Flooring & Decking
      • 6.4.2.1.5. Others

7. Europe Solvent-borne Wood Coating Market Analysis, Insights and Forecast, 2019-2032

• 7.1. Key Findings / Summary
• 7.2. By Product (Volume/Value)
  • 7.2.1. Polyurethane
  • 7.2.2. Acrylic
  • 7.2.3. Others
• 7.3. By Application (Volume/Value)
  • 7.3.1. Furniture
  • 7.3.2. Cabinets
  • 7.3.3. Sliding
  • 7.3.4. Flooring & Decking
  • 7.3.5. Others
• 7.4. By Country (Volume/Value)
  • 7.4.1. Germany
    • 7.4.1.1. By Application (Volume/Value)
      • 7.4.1.1.1. Furniture
      • 7.4.1.1.2. Cabinets
      • 7.4.1.1.3. Sliding
      • 7.4.1.1.4. Flooring & Decking
      • 7.4.1.1.5. Others
  • 7.4.2. U.K.
    • 7.4.2.1. By Application (Volume/Value)
      • 7.4.2.1.1. Furniture
      • 7.4.2.1.2. Cabinets
      • 7.4.2.1.3. Sliding
      • 7.4.2.1.4. Flooring & Decking
      • 7.4.2.1.5. Others
  • 7.4.3. France
    • 7.4.3.1. By Application (Volume/Value)
      • 7.4.3.1.1. Furniture
      • 7.4.3.1.2. Cabinets
      • 7.4.3.1.3. Sliding
      • 7.4.3.1.4. Flooring & Decking
      • 7.4.3.1.5. Others
  • 7.4.4. Italy
    • 7.4.4.1. By Application (Volume/Value)
      • 7.4.4.1.1. Furniture
      • 7.4.4.1.2. Cabinets
      • 7.4.4.1.3. Sliding
      • 7.4.4.1.4. Flooring & Decking
      • 7.4.4.1.5. Others
  • 7.4.5. Spain
    • 7.4.5.1. By Application (Volume/Value)
      • 7.4.5.1.1. Furniture
      • 7.4.5.1.2. Cabinets
      • 7.4.5.1.3. Sliding
      • 7.4.5.1.4. Flooring & Decking
      • 7.4.5.1.5. Others
  • 7.4.6. Rest of Europe
    • 7.4.6.1. By Application (Volume/Value)
      • 7.4.6.1.1. Furniture
      • 7.4.6.1.2. Cabinets
      • 7.4.6.1.3. Sliding
      • 7.4.6.1.4. Flooring & Decking
      • 7.4.6.1.5. Others

8. Asia-Pacific Solvent-borne Wood Coating Market Analysis, Insights and Forecast, 2019-2032

• 8.1. Key Findings / Summary
• 8.2. By Product (Volume/Value)
  • 8.2.1. Polyurethane
  • 8.2.2. Acrylic
  • 8.2.3. Others
• 8.3. By Application (Volume/Value)
  • 8.3.1. Furniture
  • 8.3.2. Cabinets
  • 8.3.3. Sliding
  • 8.3.4. Flooring & Decking
  • 8.3.5. Others
• 8.4. By Country (Volume/Value)
  • 8.4.1. China
    • 8.4.1.1. By Application (Volume/Value)
      • 8.4.1.1.1. Furniture
      • 8.4.1.1.2. Cabinets
      • 8.4.1.1.3. Sliding
      • 8.4.1.1.4. Flooring & Decking
      • 8.4.1.1.5. Others
  • 8.4.2. Japan
    • 8.4.2.1. By Application (Volume/Value)
      • 8.4.2.1.1. Furniture
      • 8.4.2.1.2. Cabinets
      • 8.4.2.1.3. Sliding
      • 8.4.2.1.4. Sliding
      • 8.4.2.1.5. Flooring & Decking
      • 8.4.2.1.6. Others
  • 8.4.3. India
    • 8.4.3.1. By Application (Volume/Value)
      • 8.4.3.1.1. Furniture
      • 8.4.3.1.2. Cabinets
      • 8.4.3.1.3. Sliding
      • 8.4.3.1.4. Flooring & Decking
      • 8.4.3.1.5. Others
  • 8.4.4. South Korea
    • 8.4.4.1. By Application (Volume/Value)
      • 8.4.4.1.1. Furniture
      • 8.4.4.1.2. Cabinets
      • 8.4.4.1.3. Sliding
      • 8.4.4.1.4. Flooring & Decking
      • 8.4.4.1.5. Others
  • 8.4.5. Rest of Asia Pacific
    • 8.4.5.1. By Application (Volume/Value)
      • 8.4.5.1.1. Furniture
      • 8.4.5.1.2. Cabinets
      • 8.4.5.1.3. Sliding
      • 8.4.5.1.4. Flooring & Decking
      • 8.4.5.1.5. Others

9. Latin America Solvent-borne Wood Coating Market Analysis, Insights and Forecast, 2019-2032

• 9.1. Key Findings / Summary
• 9.2. By Product (Volume/Value)
  • 9.2.1. Polyurethane
  • 9.2.2. Acrylic
  • 9.2.3. Others
• 9.3. By Application (Volume/Value)
  • 9.3.1. Furniture
  • 9.3.2. Cabinets
  • 9.3.3. Sliding
  • 9.3.4. Flooring & Decking
  • 9.3.5. Others
• 9.4. By Country (Volume/Value)
  • 9.4.1. Brazil
    • 9.4.1.1. By Application (Volume/Value)
      • 9.4.1.1.1. Furniture
      • 9.4.1.1.2. Cabinets
      • 9.4.1.1.3. Sliding
      • 9.4.1.1.4. Flooring & Decking
      • 9.4.1.1.5. Others
  • 9.4.2. Mexico
    • 9.4.2.1. By Application (Volume/Value)
      • 9.4.2.1.1. Furniture
      • 9.4.2.1.2. Cabinets
      • 9.4.2.1.3. Sliding
      • 9.4.2.1.4. Flooring & Decking
      • 9.4.2.1.5. Others
  • 9.4.3. Rest of Latin America
    • 9.4.3.1. By Application (Volume/Value)
      • 9.4.3.1.1. Furniture
      • 9.4.3.1.2. Cabinets
      • 9.4.3.1.3. Sliding
      • 9.4.3.1.4. Flooring & Decking
      • 9.4.3.1.5. Others

10. Middle East & Africa Solvent-borne Wood Coating Market Analysis, Insights and Forecast, 2019-2032

• 10.1. Key Findings / Summary
• 10.2. By Product (Volume/Value)
  • 10.2.1. Polyurethane
  • 10.2.2. Acrylic
  • 10.2.3. Others
• 10.3. By Application (Volume/Value)
  • 10.3.1. Furniture
  • 10.3.2. Cabinets
  • 10.3.3. Sliding
  • 10.3.4. Flooring & Decking
  • 10.3.5. Others
• 10.4. By Country (Volume/Value)
  • 10.4.1. GCC
    • 10.4.1.1. By Application (Volume/Value)
      • 10.4.1.1.1. Furniture
      • 10.4.1.1.2. Cabinets
      • 10.4.1.1.3. Sliding
      • 10.4.1.1.4. Flooring & Decking
      • 10.4.1.1.5. Others
  • 10.4.2. South Africa
    • 10.4.2.1. By Application (Volume/Value)
      • 10.4.2.1.1. Furniture
      • 10.4.2.1.2. Cabinets
      • 10.4.2.1.3. Sliding
      • 10.4.2.1.4. Flooring & Decking
      • 10.4.2.1.5. Others
  • 10.4.3. Rest of Middle East & Africa
    • 10.4.3.1. By Application (Volume/Value)
      • 10.4.3.1.1. Furniture
      • 10.4.3.1.2. Cabinets
      • 10.4.3.1.3. Sliding
      • 10.4.3.1.4. Flooring & Decking
      • 10.4.3.1.5. Others

11. Competitive Analysis

• 11.1. Company Market Share Analysis/Rankings, By Key Players, 2024
• 11.2. Company Profiles (Company Overview, Products & Services, Recent Developments, Strategies, Financials (Based On Availability))
  • 11.2.1. Akzo Nobel N.V.
    • 11.2.1.1. Overview
    • 11.2.1.2. Description
    • 11.2.1.3. Product Portfolio
    • 11.2.1.4. Financials (As per Availaibity)
    • 11.2.1.5. Recent Developments
  • 11.2.2. The Sherwin-Williams Company
    • 11.2.2.1. Overview
    • 11.2.2.2. Description
    • 11.2.2.3. Product Portfolio
    • 11.2.2.4. Financials (As per Availaibity)
    • 11.2.2.5. Recent Developments
  • 11.2.3. Tikkurila
    • 11.2.3.1. Overview
    • 11.2.3.2. Description
    • 11.2.3.3. Product Portfolio
    • 11.2.3.4. Financials (As per Availaibity)
    • 11.2.3.5. Recent Developments
  • 11.2.4. Sirca S.p.A.
    • 11.2.4.1. Overview
    • 11.2.4.2. Description
    • 11.2.4.3. Product Portfolio
    • 11.2.4.4. Financials (As per Availaibity)
    • 11.2.4.5. Recent Developments
  • 11.2.5. Heubach GmbH
    • 11.2.5.1. Overview
    • 11.2.5.2. Description
    • 11.2.5.3. Product Portfolio
    • 11.2.5.4. Financials (As per Availaibity)
    • 11.2.5.5. Recent Developments
  • 11.2.6. PPG Industries, Inc
    • 11.2.6.1. Overview
    • 11.2.6.2. Description
    • 11.2.6.3. Product Portfolio
    • 11.2.6.4. Financials (As per Availaibity)
    • 11.2.6.5. Recent Developments
  • 11.2.7. Kansai Nerolac Paints
    • 11.2.7.1. Overview
    • 11.2.7.2. Description
    • 11.2.7.3. Product Portfolio
    • 11.2.7.4. Financials (As per Availaibity)
    • 11.2.7.5. Recent Developments
  • 11.2.8. RPM International Inc
    • 11.2.8.1. Overview
    • 11.2.8.2. Description
    • 11.2.8.3. Product Portfolio
    • 11.2.8.4. Financials (As per Availaibity)
    • 11.2.8.5. Recent Developments
  • 11.2.9. Renner Italia S.p.A
    • 11.2.9.1. Overview
    • 11.2.9.2. Description
    • 11.2.9.3. Product Portfolio
    • 11.2.9.4. Financials (As per Availaibity)
    • 11.2.9.5. Recent Developments
  • 11.2.10. Ceramic Industrial Co
    • 11.2.10.1. Overview
    • 11.2.10.2. Description
    • 11.2.10.3. Product Portfolio
    • 11.2.10.4. Financials (As per Availaibity)
    • 11.2.10.5. Recent Developments

12. Strategic Recommendations