NORTH AMERICA WOOD COATINGS MARKET 2024-2032

Building & Construction | Construction Materials

NORTH AMERICA WOOD COATINGS MARKET 2024-2032

Market by Resin Type, Technology, Application, and Country Outlook | Forecast 2024-2032

Request For Customization

Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying

Triton’s research suggests that the wood coatings market in North America is estimated to advance in revenue at a CAGR of 4.95% over the forecasted period 2024-2032


Report scope can be customized per your requirements - Request Free Sample Report

The countries in the region include:

•        United States

•        Canada

North America stands out as a leading producer and consumer of wood coatings, owing to the robust expansion of sectors such as furniture and construction. This growth is fueled by ongoing technological innovations driven by substantial investments in research and development. These advancements continually introduce enhanced formulas into the wood coatings market, thereby fostering its expansion in North America.

Rising spending on building construction and steady growth in residential maintenance are projected to drive up demand for wood coatings in the United States. The market stands to benefit from increased housing construction, where wood coatings are applied directly to newly installed wood products. Moreover, there is anticipated uptake in manufacturer-applied coatings, given that many wood products come pre-coated during the manufacturing process.

The rise in disposable income and enhancements in quality of life have spurred a growing demand for smart homes. These residences predominantly feature wooden floorings treated with radiation-cured coatings. This trend is anticipated to drive up the demand for wood coatings in Canada.

Furthermore, technological advancements have led to the development of innovative coatings that offer enhanced durability and aesthetic appeal, catering to the evolving needs of consumers and industries. Hence, these factors substantially widen the scope of the wood coatings market across Canada. 

Polyurethane serves as a versatile resin in wood coatings, boasting exceptional physical and chemical properties. It finds application in manufacturing hard surface topcoats, renowned for their high performance. These coatings provide vibrant color, maintain gloss, and resist abrasion from chemicals effectively. Polyurethane wood coatings offer a robust surface finish, resisting solvents and scratches while enduring UV light damage and wear. 

The market’s growth is assessed based on resin type, application, and technology. The resin type segment includes polyurethane, nitrocellulose, polyester, acrylic, and other resin types. 

The notable companies in the market include Axalta Coating Systems LLC, Diamond Paints, BASF SE, Kansai Helios, and Akzo Nobel NV. 

Axalta Coating Systems LLC specializes in the development, manufacturing, marketing, and distribution of high-performance coatings. Its clientele includes manufacturers of commercial and light vehicles, participants in the refinish aftermarket, and various industrial coating applications. Headquartered in Philadelphia, Pennsylvania, US, Axalta is among the key players in the coatings industry, providing essential solutions and services across diverse markets.


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 North America 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 North America 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.

Related Reports

ASIA-PACIFC BUILDING INSULATION MARKET 2021-2028
Building & Construction

ASIA-PACIFC BUILDING INSULATION MARKET 2021-2028

Market by End-user, Applicatio ..

VIEW REPORT
ASIA-PACIFIC COPPER BUSBAR MARKET 2022-2028
Building & Construction

ASIA-PACIFIC COPPER BUSBAR MARKET 2022-2028

Market by Deployment, Type, Ap ..

VIEW REPORT
ASIA-PACIFIC ELECTRIC STEEL MARKET 2020-2028
Building & Construction

ASIA-PACIFIC ELECTRIC STEEL MARKET 2020-2028

Market By Type, Application, E ..

VIEW REPORT
ASIA-PACIFIC FENCING MARKET 2021-2028
Building & Construction

ASIA-PACIFIC FENCING MARKET 2021-2028

Market by Material, User, Prod ..

VIEW REPORT
ASIA-PACIFIC FORKLIFT TRUCK MARKET 2023-2030
Building & Construction

ASIA-PACIFIC FORKLIFT TRUCK MARKET 2023-2030

Market by Power Source, Type, ..

VIEW REPORT
ASIA-PACIFIC WOOD COATINGS MARKET 2024-2032
Building & Construction

ASIA-PACIFIC WOOD COATINGS MARKET 2024-2032

Market by Resin Type, Technolo ..

VIEW REPORT
ASIA-PACIFIC WOODEN DECKING MARKET 2022-2028
Building & Construction

ASIA-PACIFIC WOODEN DECKING MARKET 2022-2028

Market by Product Type, Applic ..

VIEW REPORT
EUROPE BUILDING INSULATION MARKET 2021-2028
Building & Construction

EUROPE BUILDING INSULATION MARKET 2021-2028

Market by End-user, Applicatio ..

VIEW REPORT

Table of Content

1. NORTH AMERICA 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. NORTH AMERICA WOOD COATINGS MARKET – BY RESIN TYPE

3.1. NITROCELLULOSE

3.2. POLYURETHANE

3.3. ACRYLIC    

3.4. OTHER RESIN TYPES

4. NORTH AMERICA WOOD COATINGS MARKET – BY TECHNOLOGY

4.1. POWDER COATINGS

4.2. WATER-BORNE

4.3. UV-CURED

4.4. SOLVENT-BORNE

5. NORTH AMERICA 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. NORTH AMERICA WOOD COATINGS MARKET – BY COUNTRY OUTLOOK

6.1. UNITED STATES

6.1.1. UNITED STATES WOOD COATINGS MARKET FORECAST & PROSPECTS

6.2. CANADA

6.2.1. CANADA 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

List of Tables

TABLE 1: NORTH AMERICA 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: NORTH AMERICA WOOD COATINGS MARKET, BY RESIN TYPE, 2024-2032 (IN $ MILLION)

TABLE 8: NORTH AMERICA WOOD COATINGS MARKET, BY TECHNOLOGY, 2024-2032 (IN $ MILLION)

TABLE 9: NORTH AMERICA WOOD COATINGS MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)

TABLE 10: NORTH AMERICA WOOD COATINGS MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET MATURITY ANALYSIS

FIGURE 2: SUPPLY CHAIN ANALYSIS

FIGURE 3: KEY BUYING IMPACT ANALYSIS

FIGURE 4: NORTH AMERICA WOOD COATINGS MARKET, BY RESIN TYPE, 2023 & 2032 (IN %)

FIGURE 5: NORTH AMERICA WOOD COATINGS MARKET, BY NITROCELLULOSE, 2024-2032 (IN $ MILLION)

FIGURE 6: NORTH AMERICA WOOD COATINGS MARKET, BY POLYURETHANE, 2024-2032 (IN $ MILLION)

FIGURE 7: NORTH AMERICA WOOD COATINGS MARKET, BY ACRYLIC, 2024-2032 (IN $ MILLION)

FIGURE 8: NORTH AMERICA WOOD COATINGS MARKET, BY OTHER RESIN TYPES, 2024-2032 (IN $ MILLION)

FIGURE 9: NORTH AMERICA WOOD COATINGS MARKET, BY TECHNOLOGY, 2023 & 2032 (IN %)

FIGURE 10: NORTH AMERICA WOOD COATINGS MARKET, BY UV-CURED, 2024-2032 (IN $ MILLION)

FIGURE 11: NORTH AMERICA WOOD COATINGS MARKET, BY WATER-BORNE, 2024-2032 (IN $ MILLION)

FIGURE 12: NORTH AMERICA WOOD COATINGS MARKET, BY POWDER COATINGS, 2024-2032 (IN $ MILLION)

FIGURE 13: NORTH AMERICA WOOD COATINGS MARKET, BY SOLVENT-BORNE, 2024-2032 (IN $ MILLION)

FIGURE 14: NORTH AMERICA WOOD COATINGS MARKET, BY APPLICATION, 2023 & 2032 (IN %)

FIGURE 15: NORTH AMERICA WOOD COATINGS MARKET, BY DOORS AND WINDOWS, 2024-2032 (IN $ MILLION)

FIGURE 16: NORTH AMERICA WOOD COATINGS MARKET, BY FURNITURE AND FIXTURES, 2024-2032 (IN $ MILLION)

FIGURE 17: NORTH AMERICA WOOD COATINGS MARKET, BY CABINETS, 2024-2032 (IN $ MILLION)

FIGURE 18: NORTH AMERICA WOOD COATINGS MARKET, BY FLOORING, 2024-2032 (IN $ MILLION)

FIGURE 19: NORTH AMERICA WOOD COATINGS MARKET, BY DECKS, 2024-2032 (IN $ MILLION)

FIGURE 20: NORTH AMERICA WOOD COATINGS MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 21: UNITED STATES WOOD COATINGS MARKET 2024-2032 (IN $ MILLION)

FIGURE 22: CANADA WOOD COATINGS MARKET 2024-2032 (IN $ MILLION)

Purchase Options

  • Licence Type
  • Price
  • User/Sharing
  • Printing
  • Delivery Formats
  • Free customization (Pre-sale)
  • Analyst hour support (Post Sale)
  • Customized notification for newly published report
  • Free report on update (within 180 days)

Single User PDF

$1,500.00

  • User/Sharing
  • Restricted to one authorized user
  • Printing
  • Not printable
  • Delivery Formats
  • Pdf
  • Free customization (Pre-sale)
  • 10% Free customization
  • Analyst hour support (Post Sale)
  • 3 hours
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Enterprise Online/PDF

$2,200.00

  • User/Sharing
  • Unlimited
  • Printing
  • Unlimited
  • Delivery Formats
  • Pdf and market estimation excel
  • Free customization (Pre-sale)
  • 20% Free customization
  • Analyst hour support (Post Sale)
  • 8 hour
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Request free Sample

Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying