United States Industrial Wood Coatings Market Size (2024 - 2029)

The United States Industrial Wood Coatings market is experiencing growth driven by increased demand for wood furniture, which significantly contributes to the market's overall size. The Covid-19 pandemic further accelerated this demand as consumers focused on home refurbishments. However, environmental regulations aimed at reducing VOC content pose challenges to market expansion. Despite these challenges, the shift towards environmentally friendly and bio-based coatings presents new opportunities for market growth.

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Market Size of United States Industrial Wood Coatings Industry

United States Industrial Wood Coatings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.00 %
Market Concentration Medium

Major Players

United States Industrial Wood Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

US Industrial Wood Coatings Market Analysis

The United States Industrial Wood Coatings market is expected to reach USD 807 million by the end of this year. It is projected to register a CAGR of over 3.3% during the forecast period.

The United States Industrial Wood coatings market saw a rise in demand during the Covid-19 pandemic in 2020. This was predominantly due to the rise in sales of wooden furniture. During the lockdowns, consumers spent more time at home, which led them to refurbish their living spaces. The orders placed in the first quarter of 2021 were up by 50% compared to 2020.

  • The driving factors behind the market growth included increased demand for wood furniture, which occupies approximately 60% of the market.
  • However, the stringent regulation laws and reduction in the VOC content in the paints to protect the environment are set to hamper the demand for Industrial Wood Coatings in the future.
  • The increase in demand for environmentally friendly coatings in order to reduce the VOC content is creating an opportunity for the production of bio-based coatings used in the industry. With the increase in technological advancements, the demand for bio-based industrial wood coatings is set to increase in the future.

US Industrial Wood Coatings Industry Segmentation

Industrial wood coatings are finishes applied to wooden furniture, joinery (millwork), and flooring. The emphasis here is on factory-coated wooden products, both for commercial and household usage. The United States Industrial Wood Coatings Market is segmented by Resin Type (Epoxy, Acrylic, Alkyd, Polyurethane, Polyester, Other Resin Type), Technology (Water-borne, Solvent-borne, UV-cured and Powder Coatings), Application (Wood Furniture, Joinery, Wood Flooring, and Other Applications). The report offers market size and forecasts for United States Industrial Wood Coatings in revenue (USD million) for all the above segments.

Resin Type
Epoxy
Acrylic
Alkyd
Polyurethane
Polyester
Other Resin Types
Technology
Water-borne
Solvent-borne
UV-Coatings
Powder
End-User Industry
Wooden Furniture
Joinery
Flooring
Other End-user Industries
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United States Industrial Wood Coatings Market Size Summary

The United States Industrial Wood Coatings market is experiencing a steady growth trajectory, driven by the increasing demand for wooden furniture, which constitutes a significant portion of the market. The COVID-19 pandemic initially boosted demand as consumers invested in home refurbishments, leading to a surge in furniture sales. However, the market faces challenges due to stringent regulations aimed at reducing VOC emissions from paints, which could potentially hinder future growth. Despite these challenges, there is a growing opportunity for bio-based coatings, spurred by technological advancements and a shift towards environmentally friendly solutions. The market's expansion is further supported by the rising construction of residential projects, which necessitate the use of wood coatings for various applications such as doors, windows, and flooring.

The market is characterized by a preference for solvent-borne industrial wood coatings, particularly in humid environments where water-borne options may not perform optimally. These coatings, while effective, pose health risks due to high VOC emissions, prompting regulatory scrutiny. Advances in water-borne coatings are providing safer alternatives, aligning with environmental regulations. The market is consolidated, with major players like The Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., RPM International, and Axalta Coating Systems leading the industry. These companies are actively adapting to market trends and regulatory demands, ensuring their continued relevance in the evolving landscape of industrial wood coatings in the United States.

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United States Industrial Wood Coatings Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION

    1. 1.1 Resin Type

      1. 1.1.1 Epoxy

      2. 1.1.2 Acrylic

      3. 1.1.3 Alkyd

      4. 1.1.4 Polyurethane

      5. 1.1.5 Polyester

      6. 1.1.6 Other Resin Types

    2. 1.2 Technology

      1. 1.2.1 Water-borne

      2. 1.2.2 Solvent-borne

      3. 1.2.3 UV-Coatings

      4. 1.2.4 Powder

    3. 1.3 End-User Industry

      1. 1.3.1 Wooden Furniture

      2. 1.3.2 Joinery

      3. 1.3.3 Flooring

      4. 1.3.4 Other End-user Industries

United States Industrial Wood Coatings Market Size FAQs

The United States Industrial Wood Coatings Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

The Sherwin William Company, PPG Industries Inc., Akzo Nobel N.V., RPM International and Axalta Coating Systems are the major companies operating in the United States Industrial Wood Coatings Market.

United States Industrial Wood Coatings Report Snapshots

United States Industrial Wood Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)