세계의 목재 코팅 시장 : 점유율 분석, 산업 동향, 통계, 성장 예측(2025-2030년)

The Wood Coatings Market size is estimated at 3.42 Million tons in 2025, and is expected to reach 4.07 Million tons by 2030, at a CAGR of 3.54% during the forecast period (2025-2030).

This steady expansion is supported by the Asia-Pacific manufacturing base, accelerating shifts toward water-borne chemistries, and sustained demand from the global furniture sector. Polyurethane's durability keeps it the leading resin platform, while environmental regulations are fast-tracking adoption of low-VOC alternatives. Manufacturers are also navigating raw-material price swings-especially titanium dioxide-by investing in formulation flexibility and localized sourcing. Consolidation among top suppliers, paired with growing mid-tier innovation in bio-based additives, is strengthening competition while raising the performance baseline that smaller firms must match.

Global Wood Coatings Market Trends and Insights

Modular & RTA Furniture Boom in Asia-Pacific

Rapid urbanization and shrinking apartment sizes have spurred a surge in modular and ready-to-assemble furniture across China, India, and Indonesia. These high-volume furniture lines require scratch-resistant finishes that cure quickly, pushing formulators to optimize penetration on engineered substrates such as MDF. Indonesian factories alone produced 1.004 million tons of coatings by October 2024, with wood coatings representing 7%, highlighting the scale of regional demand. Suppliers responding with fast-drying polyurethane-acrylic hybrids are capturing new contracts, reinforcing Asia-Pacific's central role in the wood coatings market.

EU-Led Shift to Low-VOC Waterborne Formulations

The European Union's tightening VOC caps have accelerated migration away from solvent-borne systems. Recent aqueous polyurethane dispersions now match solvent-borne durability, closing the historical performance gap. European formulators exporting these compliant chemistries to North America and Asia achieve cost synergies by running global production lines on a single recipe, gaining first-mover advantages as other regions move toward similar rules. This alignment is a leading structural driver for the wood coatings market, stimulating R&D focused on bio-based co-binders that further cut emissions.

Resin & Solvent Price Volatility

Anti-dumping duties of 11.4%-32.3% on Chinese titanium dioxide entering the EU, effective January 2025, have pushed raw-material costs sharply higher. Smaller manufacturers in the wood coatings market face margin compression, leading some to reformulate with lower pigment volumes or alternative extenders, while multinationals hedge exposure through long-term supply contracts.

Other drivers and restraints analyzed in the detailed report include:

1. Premium Interior Decor Trend in North America
2. Timber-Rich Multi-Family Housing in Europe
3. Stricter Formaldehyde / VOC Caps

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Polyurethane dominated the wood coatings market with a 60% share in 2024 and is set to grow at 3.79% CAGR through 2030. Its cross-linking density delivers chemical resistance that furniture exporters demand to meet stringent durability tests. In 2024 polyurethane already represented the largest slice of wood coatings market size for resins and continues widening its lead with introductions of bio-polyol grades that cut fossil content without sacrificing hardness. Acrylic resins remain the exterior workhorse thanks to UV stability, while nitrocellulose still services classic furniture in regions with lenient safety codes. Solus-enabled biobased systems are nudging buyers toward safer drop-in options. Polyester's niche in high-build gloss finishes for pianos and boutique cabinetry signals its specialty positioning. Emerging lignin-based binders are poised to capture sustainability-driven pilot projects but remain under 1% of total demand today. Polyurethane's entrenched position therefore anchors competitive formulation roadmaps across every major producer participating in the wood coatings market.

Advancements in moisture-curing aliphatic polyurethanes now offer <50 g/L VOC content, surpassing legacy specifications without sacrificing open time. Major OEM furniture lines in Vietnam and Poland have validated these systems for flat-line spray and vacuum coaters, demonstrating that polyurethane will continue shaping premium performance tiers. As environmental scrutiny tightens, suppliers integrating recycled PET polyols further extend the resin's lifecycle credentials, keeping this chemistry at the center of investment decisions across the global wood coatings industry.

The Wood Coatings Market Report Segments the Industry by Resin Type (Polyurethane, Acrylic, Nitrocellulose, and More), Technology (Water-Borne, Solvent-Borne, UV-Cured, and More), Application (Furniture and Fixtures, Doors and Windows, Cabinets, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Volume (tons).

Geography Analysis

Asia-Pacific dominated the wood coatings market with 57% share in 2024 and posted the quickest regional CAGR at 3.9%. China remains the cornerstone, supported by domestic consumption and export-oriented furniture clusters, while India's rising middle class powers local premium segments. Water-borne adoption is accelerating as regional governments tighten emission ceilings, making Asia-Pacific the pivotal arena for scale-driven innovation.

North America holds significant share in the wood coatings market and leads in technology upgrades. DIY participation and premium decor formats shape buying patterns, and big-box retailers' private-label programs now demand third-party sustainability certifications. HIRI forecasts a 3.9% rebound in 2025 home-improvement expenditures, reinforcing short-cycle demand resilience. Climatic events have also heightened demand for exterior stains with flexible membranes that tolerate moisture swings across siding substrates, further diversifying SKU count in the region's wood coatings market.

Europe combines stringent regulations with architectural timber adoption. The EU's Green Deal incentives favor low-carbon building materials, propelling demand for high-performance coatings that shield CLT elements in multi-family structures. Enforcement of formaldehyde and VOC thresholds has shifted nearly half of regional furniture finishing lines to water-borne or UV-cure chemistries since 2022, compressing the solvent-borne base faster than in any other geography. These dynamics position Europe as both a regulatory benchmark and an export hub for formulation technology destined for developing markets.

1. Akzo Nobel N.V.
2. Asian Paints
3. Axalta Coating Systems
4. Benjamin Moore & Co.
5. Ceramic Industrial Coatings
6. Hempel A/S
7. Jotun
8. Kansai Nerolac Paints Limited
9. KAPCI Coating
10. MAS Paints
11. National Paints Factories Co. Ltd.
12. Nippon Paint Holdings Co., Ltd.
13. PPG Industries Inc.
14. Ritver
15. RPM International Inc.
16. Teknos Group
17. The Sherwin-Williams Company

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Modular and RTA Furniture Boom in Asia-Pacific
  • 4.2.2 EU-Led Shift to Low-VOC Waterborne Formulations
  • 4.2.3 Premium Interior Decor Trend in North America
  • 4.2.4 Expansion of DIY Home-Improvement Retail
  • 4.2.5 Timber-Rich Multi-Family Housing in Europe
• 4.3 Market Restraints
  • 4.3.1 Resin and Solvent Price Volatility
  • 4.3.2 Stricter Formaldehyde / VOC Caps
  • 4.3.3 Substitution by Laminates and Plastics in Furniture
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Degree of Competition

5 Market Size and Growth Forecasts (Volume)

• 5.1 By Resin Type
  • 5.1.1 Polyurethane
  • 5.1.2 Acrylic
  • 5.1.3 Nitrocellulose
  • 5.1.4 Polyester
  • 5.1.5 Others
• 5.2 By Technology
  • 5.2.1 Water-borne
  • 5.2.2 Solvent-borne
  • 5.2.3 UV-Cured
  • 5.2.4 Powder Coatings
• 5.3 By Application
  • 5.3.1 Furniture and Fixtures
  • 5.3.2 Doors and Windows
  • 5.3.3 Cabinets
  • 5.3.4 Other Applications (including Floors, Decks, and Molding Products)
• 5.4 By Geography
  • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 Malaysia
    • 5.4.1.6 Thailand
    • 5.4.1.7 Indonesia
    • 5.4.1.8 Vietnam
    • 5.4.1.9 Rest of Asia-Pacific
  • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
  • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Spain
    • 5.4.3.6 Nordics
    • 5.4.3.7 Russia
    • 5.4.3.8 Rest of Europe
  • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Colombia
    • 5.4.4.4 Rest of South America
  • 5.4.5 Middle East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 United Arab Emirates
    • 5.4.5.3 Qatar
    • 5.4.5.4 South Africa
    • 5.4.5.5 Nigeria
    • 5.4.5.6 Egypt
    • 5.4.5.7 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles {(includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)}
  • 6.4.1 Akzo Nobel N.V.
  • 6.4.2 Asian Paints
  • 6.4.3 Axalta Coating Systems
  • 6.4.4 Benjamin Moore & Co.
  • 6.4.5 Ceramic Industrial Coatings
  • 6.4.6 Hempel A/S
  • 6.4.7 Jotun
  • 6.4.8 Kansai Nerolac Paints Limited
  • 6.4.9 KAPCI Coating
  • 6.4.10 MAS Paints
  • 6.4.11 National Paints Factories Co. Ltd.
  • 6.4.12 Nippon Paint Holdings Co., Ltd.
  • 6.4.13 PPG Industries Inc.
  • 6.4.14 Ritver
  • 6.4.15 RPM International Inc.
  • 6.4.16 Teknos Group
  • 6.4.17 The Sherwin-Williams Company

7 Market Opportunities and Future Outlook

• 7.1 White-space and Unmet-Need Assessment
• 7.2 Increasing Demand for UV-cured Coatings