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UNITED STATES WOOD COATINGS MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

United States 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)

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MARKET OVERVIEW

The United States wood coatings market is anticipated to record a CAGR of 5.02% during the forecast period, 2024-2032, and is projected to reach a revenue of $xx million by 2032.

Key factors propelling United States wood coatings market expansion include the rising popularity of wooden furniture and flooring, ongoing residential renovations, and heightened consumer awareness regarding the benefits of wood coatings in enhancing durability and appearance.

The United States wood coatings market segmentation includes resin type, application, and technology. The application segment includes doors and window, furniture and fixture, cabinet, floor, and deck.

United States Wood Coatings Market

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The wood coatings market for furniture and fixture applications is experiencing robust growth, driven by increasing consumer demand for aesthetically pleasing and durable furniture. This sector encompasses various types of coatings, including varnishes, stains, lacquers, and paints, each tailored to enhance the visual appeal and longevity of wood products.

Key factors contributing to the market expansion include rising disposable incomes, urbanization, and a growing trend toward interior decoration and home improvement. Consumers are increasingly investing in high-quality furniture, prompting manufacturers to adopt advanced coating technologies that offer superior finish and protection.

Additionally, the resurgence of the construction industry in North America and Europe is further bolstering demand as new residential and commercial projects drive the need for premium furniture and fixtures.

Environmental regulations are also shaping the market landscape, with a shift towards eco-friendly and sustainable coating solutions. Water-based and low-VOC (volatile organic compounds) coatings are gaining traction as manufacturers and consumers become more environmentally conscious.

Technological advancements are playing a pivotal role in market dynamics. Innovations such as UV-curable coatings, which offer faster drying times and enhanced durability, are becoming increasingly popular. These advancements not only improve the performance of wood coatings but also align with the industry’s move towards more sustainable practices.

Some of the leading companies in the United States wood coatings market are RPM International Inc, The Sherwin-Williams Company, Diamond Paints, etc.

RPM International Inc (RPM) is a producer of specialty chemical products. The company manufactures, markets, and sells a variety of specialty chemical lines, including high-quality specialty paints, roofing systems, protective coatings, sealants, and adhesives. It distributes its products to mass merchandisers, home improvement centers, paint stores, craft shops, hardware stores, cosmetic companies, and other smaller customers through distributors. RPM markets its products under several brands, including Tremco, PowerPly, TremPly, TREMproof, AlphaGuard, and Vulkem. The company operates manufacturing facilities in North America, Europe, Asia-Pacific, South America, and the Middle East. RPM’s headquarters are located in Medina, Ohio, USA.

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 AnalyzedUnited States
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 UNITED STATES
    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: UNITED STATES MARKET SNAPSHOT – WOOD COATINGS MARKET 

TABLE 2: UNITED STATES WOOD COATINGS MARKET REGULATORY FRAMEWORK

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

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

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

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

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

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

TABLE 9: KEY PLAYERS OPERATING IN UNITED STATES 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 UNITED STATES

FIGURE 4: MARKET MATURITY ANALYSIS

FIGURE 5: MARKET CONCENTRATION ANALYSIS

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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