Market by Resin Type, Technology, Application, and Country Outlook | Forecast 2024-2032
As per Triton’s report analysis, the Asia-Pacific wood coatings market is set to advance in terms of revenue at a CAGR of 5.01% during the forecast period 2024-2032.
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The countries examined in this region include:
• China
• Japan
• South Korea
• India
• ASEAN Countries
• Australia & New Zealand
• Rest of Asia-Pacific
The wood coatings market in Asia-Pacific experiences significant demand, particularly in sectors such as furniture, joineries, and flooring. This demand is primarily fueled by the extensive utilization and production of wood coatings in countries like China, Japan, South Korea, and India. Moreover, market expansion is supported by the rise in disposable income, substantial investments in infrastructure, and urban development.
China is one of the world’s most rapidly expanding economies, maintaining a steady growth rate. Over the years, its GDP has surged significantly. This economic ascent has attracted numerous multinational corporations, drawn by China’s industrialization and substantial foreign direct investment. As a result, the demand for office furniture has soared, prompting a corresponding rise in the utilization of wood coatings. Furthermore, the rapid pace of urbanization has significantly bolstered this demand, as extensive housing projects fuel the need for furniture and joineries.
Japanese housing embodies modern and traditional architectural styles. In modern housing, expansive concrete structures house numerous apartments, while traditional dwellings boast wooden frameworks featuring sliding doors, wooden-floored passages, portable wooden partitions, and timber roofs. To safeguard these traditional homes from termite damage and solvent infiltration, they require protective wood coatings. Conversely, modern housing incorporates wooden furnishings and fixtures such as cabinets and sidings. This preference for wooden elements fuels the demand for wood coatings.
Wood coatings shield wooden furniture from moisture and chemical harm. The rise in disposable income and living standards in developing nations has spurred a surge in demand for elegantly furnished smart homes. The market’s growth is determined based on application, technology, and resin type. Based on application, it is segmented into furniture and fixtures, floor, doors and windows, cabinet, and deck.
The well-known companies in the wood coatings market include Nippon Paint Holdings Co Ltd, PPG Industries Inc, Asian Paints, The Sherwin-Williams Company, and RPM International Inc.
Nippon Paint Holdings Co Ltd specializes in manufacturing and selling paints, coatings, and related equipment. Its product line includes surface treatment chemicals, electronic component materials, coatings, etc. These offerings serve diverse sectors, including automotive, construction, architecture, steelworks, marine, metals, electronics, machinery, infrastructure, and households. With a global presence spanning the US, UK, South Korea, China, Hong Kong, Thailand, Malaysia, and Singapore, Nippon Paint is headquartered in Osaka, Japan.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the wood coatings market revenue growth in the Asia-Pacific and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the APAC wood coatings market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. ASIA-PACIFIC
WOOD COATINGS MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. PORTER’S
FIVE FORCES ANALYSIS
2.1.1. THREAT
OF NEW ENTRANTS
2.1.2. THREAT
OF SUBSTITUTES
2.1.3. BARGAINING
POWER OF BUYERS
2.1.4. BARGAINING
POWER OF SUPPLIERS
2.1.5. THREAT
OF COMPETITIVE RIVALRY
2.2. MARKET
MATURITY ANALYSIS
2.3. SUPPLY
CHAIN ANALYSIS
2.3.1. RAW
MATERIAL SOURCING AND PROCESSING
2.3.2. PRODUCT
INNOVATION AND TECHNOLOGY DEVELOPMENT
2.3.3. SUPPLY
CHAIN MANAGEMENT AND MARKET DISTRIBUTION
2.3.4. CUSTOMER
SUPPORT AND MAINTENANCE SERVICES
2.4. REGULATORY
FRAMEWORK
2.5. KEY
BUYING IMPACT ANALYSIS
2.5.1. COATING
PERFORMANCE AND WOOD COMPATIBILITY
2.5.2. COST-EFFECTIVENESS
AND VALUE ALIGNMENT FOR WOOD SURFACE APPLICATIONS
2.5.3. RELIABILITY
AND LONGEVITY OF COATINGS ON WOOD SURFACES
2.5.4. SUPPLIER
TRACK RECORD AND WOOD COATING EXPERTISE
2.6. KEY
MARKET STRATEGIES
2.6.1. COLLABORATIONS
2.6.2. PRODUCT
LAUNCHES
2.6.3. ACQUISITIONS
2.6.4. BUSINESS
DIVESTITURES & EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. INCREASING
DEMAND FROM THE BUILDING AND CONSTRUCTION SECTOR
2.7.2. UPTICK
IN SPENDING ON HOME ENHANCEMENTS DUE TO RISE IN INCOME
2.7.3. RISING
DEMAND FOR ECO-FRIENDLY PRODUCTS SOURCED FROM RENEWABLES
2.8. MARKET
CHALLENGES
2.8.1. VARIABLE
RAW MATERIAL COSTS IMPACT PRODUCTION EXPENSES
2.8.2. ENVIRONMENTAL
REGULATIONS LIMIT SPECIFIC CHEMICALS
2.8.3. COMPETITION
FROM COMPOSITE MATERIALS AND PLASTICS
2.9. MARKET
OPPORTUNITIES
2.9.1. TAILORED
SOLUTIONS FOR APPLICATIONS SUCH AS FLOORING AND FURNITURE
2.9.2. EMERGENCE
OF SMART COATINGS WITH SELF-HEALING AND ANTIMICROBIAL PROPERTIES
2.9.3. IMPROVED
COATING PERFORMANCE THROUGH NANOTECHNOLOGY
2.10. ANALYST
PERSPECTIVE
3. ASIA-PACIFIC
WOOD COATINGS MARKET – BY RESIN TYPE
3.1. NITROCELLULOSE
3.2. POLYURETHANE
3.3. ACRYLIC
3.4. OTHER
RESIN TYPES
4. ASIA-PACIFIC
WOOD COATINGS MARKET – BY TECHNOLOGY
4.1. POWDER
COATINGS
4.2. WATER-BORNE
4.3. UV-CURED
4.4. SOLVENT-BORNE
5. ASIA-PACIFIC
WOOD COATINGS MARKET – BY APPLICATION
5.1. FURNITURE
AND FIXTURE
5.2. CABINET
5.3. FLOORING
5.4. DOORS
AND WINDOW
5.5. DECK
6. ASIA-PACIFIC
WOOD COATINGS MARKET – BY COUNTRY OUTLOOK
6.1. CHINA
6.1.1. CHINA
WOOD COATINGS MARKET FORECAST & PROSPECTS
6.2. JAPAN
6.2.1. JAPAN
WOOD COATINGS MARKET FORECAST & PROSPECTS
6.3. INDIA
6.3.1. INDIA
WOOD COATINGS MARKET FORECAST & PROSPECTS
6.4. SOUTH
KOREA
6.4.1. SOUTH
KOREA WOOD COATINGS MARKET FORECAST & PROSPECTS
6.5. ASEAN
COUNTRIES
6.5.1. ASEAN
COUNTRIES WOOD COATINGS MARKET FORECAST & PROSPECTS
6.6. AUSTRALIA
& NEW ZEALAND
6.6.1. AUSTRALIA
& NEW ZEALAND WOOD COATINGS MARKET FORECAST & PROSPECTS
6.7. REST
OF ASIA-PACIFIC
6.7.1. REST
OF ASIA-PACIFIC WOOD COATINGS MARKET FORECAST & PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. PPG
INDUSTRIES INC
7.1.1. OVERVIEW
7.1.2. PRODUCT
PORTFOLIO
7.1.3. KEY
STRENGTH
7.1.4. KEY
CHALLENGE
7.2. NIPPON
PAINT HOLDINGS CO LTD
7.2.1. OVERVIEW
7.2.2. PRODUCT
PORTFOLIO
7.2.3. KEY
STRENGTHS
7.2.4. KEY
CHALLENGE
7.3. ASIAN
PAINTS
7.3.1. OVERVIEW
7.3.2. PRODUCT
PORTFOLIO
7.3.3. KEY
STRENGTH
7.3.4. KEY
CHALLENGE
7.4. THE
SHERWIN-WILLIAMS COMPANY
7.4.1. OVERVIEW
7.4.2. PRODUCT
PORTFOLIO
7.4.3. KEY
STRENGTHS
7.4.4. KEY
CHALLENGE
7.5. RPM
INTERNATIONAL INC
7.5.1. OVERVIEW
7.5.2. PRODUCT
PORTFOLIO
7.5.3. KEY
STRENGTHS
7.5.4. KEY
CHALLENGES
7.6. DIAMOND
PAINTS
7.6.1. OVERVIEW
7.6.2. PRODUCT
PORTFOLIO
7.6.3. KEY
STRENGTHS
7.6.4. KEY
CHALLENGE
7.7. AXALTA
COATING SYSTEMS LLC
7.7.1. OVERVIEW
7.7.2. PRODUCT
PORTFOLIO
7.7.3. KEY
STRENGTHS
7.7.4. KEY
CHALLENGE
7.8. BASF
SE
7.8.1. OVERVIEW
7.8.2. PRODUCT
PORTFOLIO
7.8.3. KEY
STRENGTHS
7.8.4. KEY CHALLENGES
7.9. KANSAI
HELIOS
7.9.1. OVERVIEW
7.9.2. PRODUCT
PORTFOLIO
7.9.3. KEY
STRENGTHS
7.9.4. KEY
CHALLENGES
7.10. AKZO
NOBEL NV
7.10.1. OVERVIEW
7.10.2. PRODUCT
PORTFOLIO
7.10.3. KEY
STRENGTHS
7.10.4. KEY
CHALLENGES
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE
1: ASIA-PACIFIC WOOD COATINGS MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $
MILLION)
TABLE
2: REGULATORY FRAMEWORK
TABLE
3: LIST OF COLLABORATIONS
TABLE
4: LIST OF PRODUCT LAUNCHES
TABLE
5: LIST OF ACQUISITIONS
TABLE
6: LIST OF BUSINESS DIVESTITURES & EXPANSIONS
TABLE
7: ASIA-PACIFIC WOOD COATINGS MARKET, BY RESIN TYPE, 2024-2032 (IN $ MILLION)
TABLE
8: ASIA-PACIFIC WOOD COATINGS MARKET, BY TECHNOLOGY, 2024-2032 (IN $ MILLION)
TABLE
9: ASIA-PACIFIC WOOD COATINGS MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)
TABLE
10: ASIA-PACIFIC WOOD COATINGS MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $
MILLION)
FIGURE
1: MARKET MATURITY ANALYSIS
FIGURE
2: SUPPLY CHAIN ANALYSIS
FIGURE
3: KEY BUYING IMPACT ANALYSIS
FIGURE
4: ASIA-PACIFIC WOOD COATINGS MARKET, BY RESIN TYPE, 2023 & 2032 (IN %)
FIGURE
5: ASIA-PACIFIC WOOD COATINGS MARKET, BY NITROCELLULOSE, 2024-2032 (IN $
MILLION)
FIGURE
6: ASIA-PACIFIC WOOD COATINGS MARKET, BY POLYURETHANE, 2024-2032 (IN $ MILLION)
FIGURE
7: ASIA-PACIFIC WOOD COATINGS MARKET, BY ACRYLIC, 2024-2032 (IN $ MILLION)
FIGURE
8: ASIA-PACIFIC WOOD COATINGS MARKET, BY OTHER RESIN TYPES, 2024-2032 (IN $
MILLION)
FIGURE
9: ASIA-PACIFIC WOOD COATINGS MARKET, BY TECHNOLOGY, 2023 & 2032 (IN %)
FIGURE
10: ASIA-PACIFIC WOOD COATINGS MARKET, BY UV-CURED, 2024-2032 (IN $ MILLION)
FIGURE
11: ASIA-PACIFIC WOOD COATINGS MARKET, BY WATER-BORNE, 2024-2032 (IN $ MILLION)
FIGURE
12: ASIA-PACIFIC WOOD COATINGS MARKET, BY POWDER COATINGS, 2024-2032 (IN $
MILLION)
FIGURE
13: ASIA-PACIFIC WOOD COATINGS MARKET, BY SOLVENT-BORNE, 2024-2032 (IN $
MILLION)
FIGURE
14: ASIA-PACIFIC WOOD COATINGS MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE
15: ASIA-PACIFIC WOOD COATINGS MARKET, BY DOORS AND WINDOW, 2024-2032 (IN $
MILLION)
FIGURE
16: ASIA-PACIFIC WOOD COATINGS MARKET, BY FURNITURE AND FIXTURE, 2024-2032 (IN
$ MILLION)
FIGURE
17: ASIA-PACIFIC WOOD COATINGS MARKET, BY CABINET, 2024-2032 (IN $ MILLION)
FIGURE
18: ASIA-PACIFIC WOOD COATINGS MARKET, BY FLOORING, 2024-2032 (IN $ MILLION)
FIGURE
19: ASIA-PACIFIC WOOD COATINGS MARKET, BY DECK, 2024-2032 (IN $ MILLION)
FIGURE
20: ASIA-PACIFIC WOOD COATINGS MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN
%)
FIGURE
21: CHINA WOOD COATINGS MARKET 2024-2032 (IN $ MILLION)
FIGURE
22: JAPAN WOOD COATINGS MARKET 2024-2032 (IN $ MILLION)
FIGURE
23: INDIA WOOD COATINGS MARKET 2024-2032 (IN $ MILLION)
FIGURE
24: SOUTH KOREA WOOD COATINGS MARKET 2024-2032 (IN $ MILLION)
FIGURE
25: ASEAN COUNTRIES WOOD COATINGS MARKET 2024-2032 (IN $ MILLION)
FIGURE
26: AUSTRALIA & NEW ZEALAND WOOD COATINGS MARKET 2024-2032 (IN $ MILLION)
FIGURE
27: REST OF ASIA-PACIFIC WOOD COATINGS MARKET 2024-2032 (IN $ MILLION)