Wood protection coatings and preservatives market size to grow by USD 3,697.64 million between 2022 and 2027; Key vendors include Akzo Nobel NV, Apollo Paints Pvt. Ltd., among others - Technavio

NEW YORK, May 1, 2023 /PRNewswire/ -- The wood protection coatings and preservatives market size is set to grow by USD 3,697.64 million from 2022 to 2027, progressing at a CAGR of 6.45% during the forecast period. The research report focuses on top companies and crucial drivers, current growth dynamics, futuristic opportunities, and new product/project launches. Make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View a Sample Report

Vendor Landscape

The global wood protection coatings and preservatives market is fragmented due to the presence of a significant number of global, regional, and local vendors. Vendors compete on different factors, including price, quality, innovation, brand, and variety. Different companies adopt different marketing strategies to increase their market share. The market is expected to experience sizable production capacity growth during the forecast period, as the market vendors are focused on expanding their presence in traditionally low-penetrated markets. Some of the key vendors covered in the report include:

• Akzo Nobel NV - The company offers wood protection coatings and preservatives such as industrial wood coatings for furniture and flooring.
• Arkema Group - The company offers wood protection coatings and preservatives such as Coapur XS 12 and Rheotech 1800.
• Asian Paints Ltd. - The company offers wood protection coatings and preservatives such as WoodTech insignia and WoodTech polyester gold.
• Axalta Coating Systems Ltd. - The company offers wood protection coatings and preservatives such as Ultraguard conversion varnish.
• Apollo Paints Pvt. Ltd.
• BASF SE
• Berkshire Hathaway Inc.
• Brillux GmbH and Co. KG
• Dow Inc.
• Eastman Chemical Co.
• IVM SRL
• Kansai Paint Co. Ltd.
•  KAPCI Coatings Systems LLC
• Koppers Holdings Inc.
• Kurt Obermeier GmbH and Co. KG
• Lanxess AG
• Nippon Paint Holdings Co. Ltd.
• Orkla ASA
• PPG Industries Inc.
• The Sherwin Williams Co.

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Key Market Segmentation

• Application 
• Residential
• Industrial
• Commercial

• Product 
• Wood protection coatings
• Preservatives

• Geography 
• North America
• The U.S.
• Canada
• Europe 
• The U.K.
• Germany
• France
• Rest of Europe
• APAC 
• China
• India
• South America
• Chile
• Brazil
• Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of the Middle East & Africa

By application, the market growth in the residential segment will be significant over the forecast period. Wood protection coatings and preservatives are widely used in various indoor and outdoor applications in residential spaces. Residential wooden furniture products such as sofa sets, tables, chairs, entertainment furniture sets, decorative side tables, shelves, beds, and others require regular maintenance, which drives the demand for wood coatings and preservatives. In addition, the increasing demand for premium residential furniture and the construction of prayer rooms, gymnasiums, playrooms for children, and study rooms in residential spaces will drive the growth of the segment during the forecast period.

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Regional Market Outlook

APAC will account for 42% of the market growth during the forecast period. The region is witnessing increased investments in both infrastructure and non-residential sectors. In addition, there is a growing demand for low-cost building products that require minimal maintenance and provide high performance. To cater to this demand, manufacturers are using wood protection coatings and preservatives to produce landscape molding and decking applications. Furthermore, the growth of the construction and automotive industry will drive the demand for wood coatings and preservatives in APAC during the forecast period.

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The wood protection coatings and preservatives market covers the following areas:

• Wood Protection Coatings and Preservatives Market Sizing
• Wood Protection Coatings and Preservatives Market Forecast
• Wood Protection Coatings and Preservatives Market Analysis

Market Dynamics

• Driver – The market is driven by the increasing number of residential and commercial construction activities. The growth of the real estate industry has increased the number of residential and commercial spaces across the world. Developed countries such as the US are making significant investments to upgrade their existing infrastructure. For instance, the US President's 2020 budget proposed a sum of USD 200 billion for infrastructural development. Developing countries such as India have allowed 100% foreign direct investments (FDIs) for townships and settlement projects. Such factors are increasing the number of construction activities globally. This has subsequently driven the demand for wooden products as well as wood protection coatings and preservatives.
• Trend – The increased demand for applications in medium-density fiber (MDF) products is identified as the key trend in the market. MDF is a composite product manufactured by combining wood fiber and resin. Vendors and end-users of MDF prefer coatings over paints to provide higher durability and reliability and ensure faster setting time. The use of wood protection coatings on MDF prevents the yellowing of wood products and protects them from UV light, chemicals, and other harmful substances. The growing demand for office and home furniture has increased the use of MDF. This will positively influence the growth of the market in focus.
• Challenge – The volatility in raw material prices is expected to challenge the growth of the market. A majority of raw materials used for the production of wood protection coatings and preservatives are derived from crude oil. These raw materials are derived from crude oil, which is subjected to continuous fluctuations in prices. The volatility in the prices of petroleum feedstock directly impacts the prices of resins. This negatively affects the profit margins of vendors as well as the growth of the market.

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global wood protection coatings and preservatives market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global wood protection coatings and preservatives market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Residential - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 6.4 Industrial - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Industrial - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Industrial - Year-over-year growth 2022-2027 (%)

• 6.5 Commercial - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application ($ million)
• Exhibit 47: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Product

• 7.1 Market segments
• Exhibit 48: Chart on Product - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 50: Chart on Comparison by Product
• Exhibit 51: Data Table on Comparison by Product

• 7.3 Wood protection coatings - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Wood protection coatings - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Wood protection coatings - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Wood protection coatings - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Wood protection coatings - Year-over-year growth 2022-2027 (%)

• 7.4 Preservatives - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Preservatives - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Preservatives - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Preservatives - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Preservatives - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Product 
• Exhibit 60: Market opportunity by Product ($ million)
• Exhibit 61: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027 
• Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 Akzo Nobel NV
• Exhibit 115: Akzo Nobel NV - Overview
• Exhibit 116: Akzo Nobel NV - Business segments
• Exhibit 117: Akzo Nobel NV - Key news
• Exhibit 118: Akzo Nobel NV - Key offerings
• Exhibit 119: Akzo Nobel NV - Segment focus

• 12.4 Arkema Group
• Exhibit 120: Arkema Group - Overview
• Exhibit 121: Arkema Group - Business segments
• Exhibit 122: Arkema Group - Key news
• Exhibit 123: Arkema Group - Key offerings
• Exhibit 124: Arkema Group - Segment focus

• 12.5 Asian Paints Ltd.
• Exhibit 125: Asian Paints Ltd. - Overview
• Exhibit 126: Asian Paints Ltd. - Business segments
• Exhibit 127: Asian Paints Ltd. - Key offerings
• Exhibit 128: Asian Paints Ltd. - Segment focus

• 12.6 Axalta Coating Systems Ltd. 
• Exhibit 129: Axalta Coating Systems Ltd. - Overview
• Exhibit 130: Axalta Coating Systems Ltd. - Business segments
• Exhibit 131: Axalta Coating Systems Ltd. - Key offerings
• Exhibit 132: Axalta Coating Systems Ltd. - Segment focus

• 12.7 BASF SE
• Exhibit 133: BASF SE - Overview
• Exhibit 134: BASF SE - Business segments
• Exhibit 135: BASF SE - Key news
• Exhibit 136: BASF SE - Key offerings
• Exhibit 137: BASF SE - Segment focus

• 12.8 Dow Inc.
• Exhibit 138: Dow Inc. - Overview
• Exhibit 139: Dow Inc. - Business segments
• Exhibit 140: Dow Inc. - Key news
• Exhibit 141: Dow Inc. - Key offerings
• Exhibit 142: Dow Inc. - Segment focus

• 12.9 Eastman Chemical Co.
• Exhibit 143: Eastman Chemical Co. - Overview
• Exhibit 144: Eastman Chemical Co. - Business segments
• Exhibit 145: Eastman Chemical Co. - Key offerings
• Exhibit 146: Eastman Chemical Co. - Segment focus

• 12.10 IVM SRL
• Exhibit 147: IVM SRL - Overview
• Exhibit 148: IVM SRL - Product / Service
• Exhibit 149: IVM SRL - Key offerings

• 12.11 Kansai Paint Co. Ltd. 
• Exhibit 150: Kansai Paint Co. Ltd. - Overview
• Exhibit 151: Kansai Paint Co. Ltd. - Business segments
• Exhibit 152: Kansai Paint Co. Ltd. - Key offerings
• Exhibit 153: Kansai Paint Co. Ltd. - Segment focus

• 12.12 KAPCI Coatings Systems LLC 
• Exhibit 154: KAPCI Coatings Systems LLC - Overview
• Exhibit 155: KAPCI Coatings Systems LLC - Product / Service
• Exhibit 156: KAPCI Coatings Systems LLC - Key offerings

• 12.13 Lanxess AG
• Exhibit 157: Lanxess AG - Overview
• Exhibit 158: Lanxess AG - Business segments
• Exhibit 159: Lanxess AG - Key offerings
• Exhibit 160: Lanxess AG - Segment focus

• 12.14 Nippon Paint Holdings Co. Ltd. 
• Exhibit 161: Nippon Paint Holdings Co. Ltd. - Overview
• Exhibit 162: Nippon Paint Holdings Co. Ltd. - Business segments
• Exhibit 163: Nippon Paint Holdings Co. Ltd. - Key offerings
• Exhibit 164: Nippon Paint Holdings Co. Ltd. - Segment focus

• 12.15 Orkla ASA
• Exhibit 165: Orkla ASA - Overview
• Exhibit 166: Orkla ASA - Business segments
• Exhibit 167: Orkla ASA - Key news
• Exhibit 168: Orkla ASA - Key offerings
• Exhibit 169: Orkla ASA - Segment focus

• 12.16 PPG Industries Inc.
• Exhibit 170: PPG Industries Inc. - Overview
• Exhibit 171: PPG Industries Inc. - Business segments
• Exhibit 172: PPG Industries Inc. - Key offerings
• Exhibit 173: PPG Industries Inc. - Segment focus

• 12.17 The Sherwin Williams Co. 
• Exhibit 174: The Sherwin Williams Co. - Overview
• Exhibit 175: The Sherwin Williams Co. - Business segments
• Exhibit 176: The Sherwin Williams Co. - Key news
• Exhibit 177: The Sherwin Williams Co. - Key offerings
• Exhibit 178: The Sherwin Williams Co. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 179: Inclusions checklist
• Exhibit 180: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 181: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 182: Research methodology
• Exhibit 183: Validation techniques employed for market sizing
• Exhibit 184: Information sources

• 13.5 List of abbreviations 
• Exhibit 185: List of abbreviations

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