Global growth in wood coatings market is driven by the rise of modular & RTA furniture across APAC, EU-led shift to Low-VOC waterborne formulations, premium interior decor trend in North America as well as support from large-scale manufacturing and urban housing demand.
Hyderabad, India, Jan. 16, 2026 (GLOBE NEWSWIRE) — According to Mordor Intelligence, the global wood coatings market is estimated at 3.54 million tons in 2026, and is forecasted to reach 4.23 million tons by 2031, reflecting a CAGR of 3.61%. Polyurethane systems continue to dominate due to their durability and finish quality, particularly in furniture and interior applications. At the same time, producers are responding to volatile raw-material costs, including titanium dioxide, by adjusting formulations and strengthening regional supply chains. Increased industry consolidation alongside innovation in bio-based additives is intensifying competition while steadily raising product performance standards.
Key Dynamics of the Wood Coatings Market
Increasing Use of Wood in European Multi-Family Housing
Wood-based construction is expanding in Europe as developers focus on sustainable building practices. This shift is creating demand for specialized coatings that protect structural timber from moisture, wear, and fire risks. Suppliers capable of meeting strict performance and safety expectations are finding new opportunities within this evolving segment.
Rising Demand for High-End Interior Finishes in North America
North American homeowners are increasingly investing in interior upgrades that combine aesthetics with performance. Coatings that enhance natural wood appearance while offering added protection are gaining traction. This preference supports premium product lines and encourages the use of advanced technologies to differentiate finishes.
Growth of Modular and Flat-Pack Furniture in Asia-Pacific
Fast-paced urban living and smaller homes are accelerating the adoption of modular and ready-to-assemble furniture across key Asian markets. This trend favors wood coatings that dry quickly and deliver durable, scratch-resistant finishes on engineered wood surfaces. As a result, suppliers offering adaptable, high-throughput solutions are strengthening their presence in the region.
Wood Coatings Market Segmentation Highlights
By Resin Type
- Polyurethane
- Acrylic
- Nitrocellulose
- Polyester
- Others
By Technology
- Water-borne
- Solvent-borne
- UV-cured
- Powder coatings
By Application
- Furniture and fixtures
- Doors and windows
- Cabinets
- Other applications, including floors, decks, and molding products
By Geography
Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Indonesia
- Vietnam
- Rest of Asia-Pacific
North America
- United States
- Canada
- Mexico
Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordics
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Colombia
- Rest of South America
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Qatar
- South Africa
- Nigeria
- Egypt
- Rest of the Middle East and Africa
For a full breakdown of the wood coating market size, segmentation data, and competitive intelligence, read details of the Mordor Intelligence report at https://www.mordorintelligence.com/industry-reports/wood-coatings-market?utm_source=globenewswire
Wood Coatings Companies
- Akzo Nobel N.V.
- Asian Paints
- Axalta Coating Systems
- Benjamin Moore & Co.
- Ceramic Industrial Coatings
- Hempel A/S
- Jotun
- Kansai Nerolac Paints Limited
- KAPCI Coating
- MAS Paints
- National Paints Factories Co. Ltd.
- Nippon Paint Holdings Co., Ltd.
- PPG Industries Inc.
- Ritver
- RPM International Inc.
- Teknos Group
- The Sherwin-Williams Company
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Industrial Coatings Market – The industrial coatings market is valued at USD 41.97 billion in 2025 and expected to be at USD 49.58 billion by 2030, growing at a CAGR of 3.39%. The market is segmented by resin type (epoxy, polyurethane, and more), technology (solvent-borne, water-borne, and more), end-use industry (general industrial, and protective coatings), substrate (metal and concrete), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa).
Anti-Reflective Coatings Market – the anti-reflective coatings market is estimated at USD 5.63 billion in 2025 and grow at a CAGR of 6.26% to reach USD 8.09 billion by 2031. The market is segmented by deposition method (CVD, EBD, sputtering, Others), application (semiconductors, electronics, eyewear, solar panels, etc.), and geography (APAC, North America, Europe, South America, MEA), with forecasts in USD.
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