CHINA WOOD COATINGS MARKET FORECAST 2024-2032
SCOPE OF THE REPORT
China Wood Coatings Market by Resin Type (Nitrocellulose, Polyurethane, Polyester, Acrylic, Other Resin Types) Market by Technology (UV-cured, Water-borne, Powder Coatings, Solvent-borne) Market by Application (Doors and Window, Furniture and Fixture, Cabinet, Floor, Deck)
REPORTS » CHEMICALS AND MATERIALS » PAINTS AND COATINGS » CHINA WOOD COATINGS MARKET FORECAST 2024-2032
MARKET OVERVIEW
The China wood coatings market is predicted to grow at a CAGR of 5.13% during the forecast period, 2024-2032, and is estimated to garner a revenue of $xx million by 2032.
In China, the demand for wood coatings is primarily driven by the thriving construction and furniture industries, both of which rely heavily on wood products for various applications. The market is witnessing steady expansion, propelled by factors such as urbanization, rising disposable incomes, and changing consumer preferences toward aesthetically appealing wood finishes.
The China wood coatings market segmentation includes resin type, application, and technology. The application segment includes doors and window, furniture and fixture, cabinet, floor, and deck.

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The wood coatings market, particularly in relation to cabinet and floor applications, is experiencing robust growth driven by several key factors. As homeowners and businesses increasingly prioritize aesthetics and durability, the demand for high-quality wood coatings has surged. This trend is particularly pronounced in the cabinetry and flooring segments, where the need for protective and decorative finishes is paramount.
Cabinet applications dominate a significant portion of the wood coatings market. Modern cabinetry, which emphasizes sleek designs and vibrant finishes, requires coatings that offer not only visual appeal but also resistance to wear and tear. Innovations in coating technologies, such as UV-cured and water-based coatings, have become popular due to their superior durability, environmental benefits, and ease of application. These advancements help in maintaining the aesthetic appeal of cabinets while ensuring long-term protection against scratches, stains, and other forms of damage.
Floor applications represent another crucial segment of the wood coatings market. Floors are subject to high foot traffic and physical stress, necessitating coatings that provide strong protection and enhance the natural beauty of the wood. Polyurethane and acrylic-based coatings are particularly favored for their toughness and ability to create a hard, protective layer that can withstand heavy use. Additionally, the rise of eco-friendly products has led to an increase in demand for water-based and low-VOC (volatile organic compound) coatings, which offer sustainable solutions without compromising performance.
The market is further propelled by trends such as the growing emphasis on sustainable and green building practices. Consumers and manufacturers alike are gravitating towards coatings that are environmentally friendly, contributing to the development of products with lower VOC emissions and biodegradable components. This shift is supported by stringent environmental regulations and increasing consumer awareness about the impact of building materials on health and the environment.
Some of the prominent companies in the China wood coatings market are Nippon Paint Holdings Co Ltd, PPG Industries Inc, Asian Paints, The Sherwin-Williams Company, etc.Â
The Sherwin-Williams Company (Sherwin-Williams or “the company”) engages in the development, manufacture, distribution, and sale of paints, coatings, and related products. Additionally, it offers stains, caulks, applicators, wall and floor coverings, spray equipment, OEM product finishes, varnishes, wood preservatives, corrosion inhibitors, and aerosols.Â
The company’s products are available to professional, industrial, commercial, and retail customers through its own stores and facilities. Sherwin-Williams markets its products under several brands, including Sherwin-Williams, Cashmere, Duracraft, Emerald, ProMar, Valspar, SuperPaint, Duron, PrepRite, Duration, Woodscapes, Harmony, Solo, ProIndustrial, ProPark, Frazee, Color Wheel, General Paint, Parker Paints, Deckscapes, and ProGreen. The company operates in the Americas, the Caribbean, Europe, and Asia-Pacific and is headquartered in Cleveland, Ohio, the US.
REPORT SYNOPSIS
REPORT SCOPE | DETAILS |
---|---|
Market Forecast Years | 2024-2032 |
Base Year | 2023 |
Market Historical Years | 2018-2022 |
Forecast Units | Revenue ($ Million) |
Segments Analyzed | Resin Type, Application, and Technology |
Countries Analyzed | China |
Companies Analyzed | Nippon Paint Holdings Co Ltd, PPG Industries Inc, Asian Paints, The Sherwin-Williams Company, RPM International Inc, Diamond Paints |
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RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
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EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- COUNTRY SNAPSHOT
- COUNTRY ANALYSIS
- MAJOR MARKET FINDINGS
- EMBRACING UV-CURABLE COATINGS TO ENHANCE EFFICIENCY
- TRANSITIONING TOWARD POWDER COATINGS
- GROWING UTILIZATION OF ANTI-GRAFFITI COATINGS
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MARKET DYNAMICS
- KEY DRIVERS
- RISING DEMAND FROM THE BUILDING & CONSTRUCTION INDUSTRY
- INCREASING DISPOSABLE INCOME AND SPENDING ON HOME IMPROVEMENT
- GROWING DEMAND FOR GREEN PRODUCTS MADE FROM RENEWABLE SOURCES
- KEY RESTRAINTS
- FLUCTUATING PRICES OF RAW MATERIALS AFFECTING PRODUCTION COSTS
- ENVIRONMENTAL REGULATIONS RESTRICT CERTAIN CHEMICALS
- COMPETITION FROM COMPOSITES AND PLASTICS
- KEY DRIVERS
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KEY ANALYTICS
- KEY MARKET TRENDS
- NANOTECHNOLOGY ENHANCES COATING PERFORMANCE
- CUSTOMIZATION FOR SPECIFIC APPLICATIONS LIKE FLOORING AND FURNITURE
- SMART COATINGS WITH SELF-HEALING & ANTIMICROBIAL PROPERTIES
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- GROWTH PROSPECT MAPPING
- GROWTH PROSPECT MAPPING FOR CHINA
- MARKET MATURITY ANALYSIS
- MARKET CONCENTRATION ANALYSIS
- VALUE CHAIN ANALYSIS
- RAW MATERIAL SOURCING AND PROCESSING
- PRODUCT INNOVATION AND TECHNOLOGY DEVELOPMENT
- SUPPLY CHAIN MANAGEMENT AND MARKET DISTRIBUTION
- CUSTOMER SUPPORT AND MAINTENANCE SERVICES
- KEY BUYING CRITERIA
- COATING PERFORMANCE AND WOOD COMPATIBILITY
- COST-EFFECTIVENESS AND VALUE ALIGNMENT FOR WOOD SURFACE APPLICATIONS
- RELIABILITY AND LONGEVITY OF COATINGS ON WOOD SURFACES
- SUPPLIER TRACK RECORD AND WOOD COATING EXPERTISE
- KEY MARKET TRENDS
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MARKET BY RESIN TYPE
- NITROCELLULOSE
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- POLYURETHANE
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- POLYESTER
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- ACRYLIC
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- OTHER RESIN TYPES
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- NITROCELLULOSE
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MARKET BY TECHNOLOGY
- UV-CURED
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- WATER-BORNE
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- POWDER COATING
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- SOLVENT-BORNE
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- UV-CURED
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MARKET BY APPLICATION
- DOORS AND WINDOW
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- FURNITURE AND FIXTURE
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- CABINET
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- FLOOR
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- DECK
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- DOORS AND WINDOW
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COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- NIPPON PAINT HOLDINGS CO LTD
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- PPG INDUSTRIES INC
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- ASIAN PAINTS
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- THE SHERWIN-WILLIAMS COMPANY
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- RPM INTERNATIONAL INC
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- DIAMOND PAINTS
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- NIPPON PAINT HOLDINGS CO LTD
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: CHINA MARKET SNAPSHOT – WOOD COATINGS MARKETÂ
TABLE 2: CHINA WOOD COATINGS MARKET REGULATORY FRAMEWORK
TABLE 3: CHINA WOOD COATINGS MARKET, BY RESIN TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 4: CHINA WOOD COATINGS MARKET, BY RESIN TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 5: CHINA WOOD COATINGS MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 6: CHINA WOOD COATINGS MARKET, BY TECHNOLOGY, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 7: CHINA WOOD COATINGS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 8: CHINA WOOD COATINGS MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 9: KEY PLAYERS OPERATING IN CHINA WOOD COATINGS MARKET
TABLE 10: LIST OF MERGERS & ACQUISITIONS
TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 13: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR CHINA
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: CHINA WOOD COATINGS MARKET, GROWTH POTENTIAL, BY RESIN TYPE, IN 2023
FIGURE 7: CHINA WOOD COATINGS MARKET, BY NITROCELLULOSE, 2024-2032 (IN $ MILLION)
FIGURE 8: CHINA WOOD COATINGS MARKET, BY POLYURETHANE, 2024-2032 (IN $ MILLION)
FIGURE 9: CHINA WOOD COATINGS MARKET, BY POLYESTER, 2024-2032 (IN $ MILLION)
FIGURE 10: CHINA WOOD COATINGS MARKET, BY ACRYLIC, 2024-2032 (IN $ MILLION)
FIGURE 11: CHINA WOOD COATINGS MARKET, BY OTHER RESIN TYPE, 2024-2032 (IN $ MILLION)
FIGURE 12: CHINA WOOD COATINGS MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2023
FIGURE 13: CHINA WOOD COATINGS MARKET, BY UV-CURED, 2024-2032 (IN $ MILLION)
FIGURE 14: CHINA WOOD COATINGS MARKET, BY WATER-BORNE, 2024-2032 (IN $ MILLION)
FIGURE 15: CHINA WOOD COATINGS MARKET, BY POWDER COATING, 2024-2032 (IN $ MILLION)
FIGURE 16: CHINA WOOD COATINGS MARKET, BY SOLVENT-BORNE, 2024-2032 (IN $ MILLION)
FIGURE 17: CHINA WOOD COATINGS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023
FIGURE 18: CHINA WOOD COATINGS MARKET, BY DOORS AND WINDOW, 2024-2032 (IN $ MILLION)
FIGURE 19: CHINA WOOD COATINGS MARKET, BY FURNITURE AND FIXTURE, 2024-2032 (IN $ MILLION)
FIGURE 20: CHINA WOOD COATINGS MARKET, BY CABINET, 2024-2032 (IN $ MILLION)
FIGURE 21: CHINA WOOD COATINGS MARKET, BY FLOOR, 2024-2032 (IN $ MILLION)
FIGURE 22: CHINA WOOD COATINGS MARKET, BY DECK, 2024-2032 (IN $ MILLION)
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