Exclusive special offer and discount title banner vector image

MALAYSIA WOOD COATINGS MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Malaysia 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)

REQUEST CUSTOMIZATION

MARKET OVERVIEW

The Malaysia wood coatings market is expected to grow at a CAGR of 4.65% during the forecast period, 2024-2032, and is projected to reach a revenue of $xx million by 2032.

The thriving construction industry and the growing demand for protective coatings are among the major drivers of market growth. Malaysia has a diverse export and economic structure, a robust financial sector, a healthy balance of payments, an accommodating labor market, etc. Also, the increasing GDP, rising disposable income, and surging expenditure on home renovations have led to increased construction activities. Additionally, the growing building construction expenditure and infrastructure fuels market growth. With the growing migration to urban areas, consumers will adopt new facilities like wood coatings. This is because these are used as protective layers on the wood surface, which helps sustain the impact of factors like humidity.

The Malaysia wood coatings market segmentation includes resin type, application, and technology. The resin type segment includes nitrocellulose, polyurethane, polyester, acrylic, and other resin types.

Malaysia Wood Coatings Market

To Know More About This Report, Request a Free Sample Copy

Polyurethane resin, known for its exceptional durability and versatility, stands out as a dominant force within the market, catering to a wide range of applications in the wood coatings industry.

Demand for polyurethane-based wood coatings continues to surge, fueled by the growing preference for high-performance finishes that offer superior resistance to abrasion, chemicals, and environmental elements. This trend is particularly pronounced in the furniture manufacturing sector, where premium quality and long-lasting aesthetics are paramount.

Moreover, technological advancements have led to the development of innovative polyurethane formulations, enhancing their application versatility and environmental sustainability. Manufacturers are increasingly focusing on water-based polyurethane coatings, responding to stringent regulatory norms and rising consumer awareness regarding eco-friendly products.

Geographically, the market for polyurethane wood coatings exhibits a diverse landscape, with robust growth observed across regions such as North America, Europe, and Asia Pacific. Rapid urbanization, coupled with expanding construction activities and renovation projects, drives the demand for wood coatings, including those based on polyurethane resins.

Some of the leading companies in the Malaysia wood coatings market are PPG Industries Inc, Asian Paints, The Sherwin-Williams Company, etc.

Asian Paints Limited is one of the leading paint manufacturers in Asia and the fourth largest in the world. Headquartered in Mumbai, India, Asian Paints operates in over 15 countries and serves customers across Asia, the Middle East, Africa, and the Caribbean. The company’s diverse product portfolio includes decorative paints, industrial coatings, and wood finishes, among others.

In the wood coatings segment, Asian Paints offers a comprehensive range of solutions tailored to meet the needs of various applications and industries. Its wood coatings are renowned for their superior quality, durability, and aesthetic appeal, making them the preferred choice for architects, interior designers, furniture manufacturers, and homeowners alike.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast Units

Revenue ($ Million)

Segments Analyzed
Resin Type, Application, and Technology
Countries AnalyzedMalaysia
Companies AnalyzedNippon Paint Holdings Co Ltd, PPG Industries Inc, Asian Paints, The Sherwin-Williams Company, RPM International Inc, Diamond Paints
TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT
    3. COUNTRY ANALYSIS
    4. MAJOR MARKET FINDINGS
      1. EMBRACING UV-CURABLE COATINGS TO ENHANCE EFFICIENCY
      2. TRANSITIONING TOWARD POWDER COATINGS
      3. GROWING UTILIZATION OF ANTI-GRAFFITI COATINGS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. RISING DEMAND FROM THE BUILDING & CONSTRUCTION INDUSTRY
      2. INCREASING DISPOSABLE INCOME AND SPENDING ON HOME IMPROVEMENT
      3. GROWING DEMAND FOR GREEN PRODUCTS MADE FROM RENEWABLE SOURCES
    2. KEY RESTRAINTS
      1. FLUCTUATING PRICES OF RAW MATERIALS AFFECTING PRODUCTION COSTS
      2. ENVIRONMENTAL REGULATIONS RESTRICT CERTAIN CHEMICALS
      3. COMPETITION FROM COMPOSITES AND PLASTICS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. NANOTECHNOLOGY ENHANCES COATING PERFORMANCE
      2. CUSTOMIZATION FOR SPECIFIC APPLICATIONS LIKE FLOORING AND FURNITURE
      3. SMART COATINGS WITH SELF-HEALING & ANTIMICROBIAL PROPERTIES
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
      1. GROWTH PROSPECT MAPPING FOR MALAYSIA
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
      1. RAW MATERIAL SOURCING AND PROCESSING
      2. PRODUCT INNOVATION AND TECHNOLOGY DEVELOPMENT
      3. SUPPLY CHAIN MANAGEMENT AND MARKET DISTRIBUTION
      4. CUSTOMER SUPPORT AND MAINTENANCE SERVICES
    7. KEY BUYING CRITERIA
      1. COATING PERFORMANCE AND WOOD COMPATIBILITY
      2. COST-EFFECTIVENESS AND VALUE ALIGNMENT FOR WOOD SURFACE APPLICATIONS
      3. RELIABILITY AND LONGEVITY OF COATINGS ON WOOD SURFACES
      4. SUPPLIER TRACK RECORD AND WOOD COATING EXPERTISE
  5. MARKET BY RESIN TYPE
    1. NITROCELLULOSE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. POLYURETHANE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. POLYESTER
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. ACRYLIC
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER RESIN TYPES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY TECHNOLOGY
    1. UV-CURED
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. WATER-BORNE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. POWDER COATING
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. SOLVENT-BORNE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY APPLICATION
    1. DOORS AND WINDOW
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. FURNITURE AND FIXTURE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. CABINET
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. FLOOR
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. DECK
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. NIPPON PAINT HOLDINGS CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      2. PPG INDUSTRIES INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      3. ASIAN PAINTS
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. THE SHERWIN-WILLIAMS COMPANY
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. RPM INTERNATIONAL INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      6. DIAMOND PAINTS
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MALAYSIA MARKET SNAPSHOT – WOOD COATINGS MARKET 

TABLE 2: MALAYSIA WOOD COATINGS MARKET REGULATORY FRAMEWORK

TABLE 3: MALAYSIA WOOD COATINGS MARKET, BY RESIN TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 4: MALAYSIA WOOD COATINGS MARKET, BY RESIN TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 5: MALAYSIA WOOD COATINGS MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 6: MALAYSIA WOOD COATINGS MARKET, BY TECHNOLOGY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 7: MALAYSIA WOOD COATINGS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 8: MALAYSIA WOOD COATINGS MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 9: KEY PLAYERS OPERATING IN MALAYSIA 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 MALAYSIA

FIGURE 4: MARKET MATURITY ANALYSIS

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: MALAYSIA WOOD COATINGS MARKET, GROWTH POTENTIAL, BY RESIN TYPE, IN 2023

FIGURE 7: MALAYSIA WOOD COATINGS MARKET, BY NITROCELLULOSE, 2024-2032 (IN $ MILLION)

FIGURE 8: MALAYSIA WOOD COATINGS MARKET, BY POLYURETHANE, 2024-2032 (IN $ MILLION)

FIGURE 9: MALAYSIA WOOD COATINGS MARKET, BY POLYESTER, 2024-2032 (IN $ MILLION)

FIGURE 10: MALAYSIA WOOD COATINGS MARKET, BY ACRYLIC, 2024-2032 (IN $ MILLION)

FIGURE 11: MALAYSIA WOOD COATINGS MARKET, BY OTHER RESIN TYPE, 2024-2032 (IN $ MILLION)

FIGURE 12: MALAYSIA WOOD COATINGS MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2023

FIGURE 13: MALAYSIA WOOD COATINGS MARKET, BY UV-CURED, 2024-2032 (IN $ MILLION)

FIGURE 14: MALAYSIA WOOD COATINGS MARKET, BY WATER-BORNE, 2024-2032 (IN $ MILLION)

FIGURE 15: MALAYSIA WOOD COATINGS MARKET, BY POWDER COATING, 2024-2032 (IN $ MILLION)

FIGURE 16: MALAYSIA WOOD COATINGS MARKET, BY SOLVENT-BORNE, 2024-2032 (IN $ MILLION)

FIGURE 17: MALAYSIA WOOD COATINGS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023

FIGURE 18: MALAYSIA WOOD COATINGS MARKET, BY DOORS AND WINDOW, 2024-2032 (IN $ MILLION)

FIGURE 19: MALAYSIA WOOD COATINGS MARKET, BY FURNITURE AND FIXTURES, 2024-2032 (IN $ MILLION)

FIGURE 20: MALAYSIA WOOD COATINGS MARKET, BY CABINET, 2024-2032 (IN $ MILLION)

FIGURE 21: MALAYSIA WOOD COATINGS MARKET, BY FLOOR, 2024-2032 (IN $ MILLION)

FIGURE 22: MALAYSIA WOOD COATINGS MARKET, BY DECK, 2024-2032 (IN $ MILLION)

FAQ’s

Request Customization
Request Customization
Request Free Sample