Market analysis of furniture wood coatings
Technavio’s market research analyst predicts the global furniture wood coatings market to reach a market size of around USD 4 billion by the end of 2019. The increasing demand for wood coatings from Central and Eastern Europe as a result of the high growth in the furniture industry is the primary driver for the growth of the furniture wood coatings market. The recovery of the housing market worldwide is also propelling the growth of the market.
The introduction of natural wood coatings by vendors is also driving the demand for this market. New entrants that offer innovative and green solutions are growing in the market. For instance, Vermont Natural Coatings offers PolyWhey coatings, a professional wood finish product, which is derived from recycled whey proteins. The product is an alternative to water-borne wood coatings and can be deployed for both interior and exterior wood coating applications. This product also has a low VOC level of approximately 680 grams per gallon.
Segmentation by technology and analysis of the furniture wood coatings market
Solvent-borne coatings
Water-borne coatings
Radiation cured coatings
Powder coatings
The solvent-borne coatings segment accounted for 69% of the market during 2014, in terms of consumption volume. The solvent-borne coatings are available at economical prices when compared with other technologies, which has been driving the market growth.
Geographical segmentation and analysis of the global furniture wood coatings market
Americas
APAC
EMEA
APAC accounted for around 50% of the global market share during 2014. This research report predicts this region to witness a steady growth at a rate of 7% during the forecast period. The growing urbanization and rising purchasing power of consumers in this region, especially from China and India, are expected to fuel the growth of the region.
Competitive landscape and key vendors
The furniture wood coatings market is highly fragmented with the presence of global and regional suppliers. The use of wood in diverse applications has spurred the growth of new domestic vendors. Providers in the market compete on the basis of price, innovation, quality and performance, and customer-centrism
The leading vendors in the market are –
AkzoNobel
BASF
PPG
Sherwin-Williams
Valspar
Other vendors in the market include Benjamin Moore, DAW, Diamond Vogel, Drywood Coatings, Feyco Treffert, Helios, ICA, IVM Chemicals, Jotun, KAPCI Coatings, Kelly-Moore Paints, Minwax, Monocoat, NanoTech Coatings, Renner, Sirca, Sniezka, Tikkurila, Vermont Natural Coatings, and Weilburger Coatings.
Key questions answered in the report include
What will the market size and the growth rate be in 2019?
What are the key factors driving the furniture wood coatings market?
What are the key market trends impacting the growth of the global furniture wood coatings market?
What are the challenges to market growth?
Who are the key vendors in the furniture wood coatings market?
What are the market opportunities and threats faced by the vendors in the furniture wood coatings market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the global furniture wood coatings market?
Technavio also offers customization on reports based on specific client requirement.
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Table of Contents
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Global furniture wood coatings market: Key macroeconomic indicators
Overview
Global housing market
Global home improvement market
PART 05: Introduction
Key market highlights
PART 06: Market landscape
Market overview
Five forces analysis
PART 07: Market segmentation by technology
Technology segmentation
Segmentation of global furniture wood coatings technology market by region
Global solvent-borne furniture wood coatings market
Global water-borne furniture wood coatings market
Global radiation cured furniture wood coatings market
Global powder furniture wood coatings market
PART 08: Geographical segmentation
Geographical outlook
Furniture wood coatings market in Americas
Furniture wood coatings market in EMEA
Furniture wood coatings market in APAC
PART 09: Market drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
Competitive scenario
Other prominent vendors
PART 14: Key vendor analysis
AkzoNobel
BASF
PPG
Sherwin-Williams
Valspar
PART 15: Appendix
List of abbreviation
PART 16: Explore Technavio
List of Exhibits
Exhibit 01: Global furniture wood coatings market overview
Exhibit 02: Global furniture wood coatings market: Key macroeconomic indicators
Exhibit 03: Global housing market: Key metrics (global house price index and annual growth in house prices)
Exhibit 04: Global housing market: Key metrics (credit growth)
Exhibit 05: Global home improvement market: Key growth factors
Exhibit 06: Market segmentation
Exhibit 07: Global Furniture Market Revenue Segmentation By Geography
Exhibit 08: Top five furniture importing countries in the world
Exhibit 09: Top five furniture exporting countries in the world
Exhibit 10: Global furniture wood coatings market 2014-2019 ($ billions)
Exhibit 11: Segmentation by country 2014
Exhibit 12: Segmentation by country 2014-2019 ($ millions)
Exhibit 13: Five forces analysis
Exhibit 14: Segmentation of global furniture wood coatings market by technology (millions of gallons) 2014
Exhibit 15: Global solvent-borne furniture wood coatings market 2014-2019 ($ billions)
Exhibit 16: Global water-borne furniture wood coatings market 2014-2019 ($ millions)
Exhibit 17: Global radiation cured furniture wood coatings market 2014-2019 ($ millions)
Exhibit 18: Global powder furniture wood coatings market 2014-2019 ($ millions)
Exhibit 19: Global furniture wood coatings market segmentation by geography 2014
Exhibit 20: Global furniture wood coatings market segmentation by geography 2019
Exhibit 21: Furniture wood coatings market in Americas 2014-2019 ($ millions)
Exhibit 22: Furniture wood coatings market in EMEA 2014-2019 ($ millions)
Exhibit 23: Furniture wood coatings market in APAC 2014-2019 ($ billions)
Exhibit 24: Powder wood coatings market in Central and Eastern Europe 2014-2019 ($ million)
Exhibit 25: Share of vendors offering customized wood coating solutions 2014
Exhibit 26: Share of vendors in furniture wood coatings market in developed and developing regions that face challenge of stringent regulations and pricing issues 2014
Exhibit 27: Furniture market growth in Western Europe 2003-2012
Exhibit 28: Western European furniture market share of EU total
Exhibit 29: Impact of drivers and challenges
Exhibit 30: Consumer propensity to adopt powder wood coating technology by region
Exhibit 31: AkzoNobel: Business segmentation by revenue 2014
Exhibit 32: AkzoNobel: Business segmentation by revenue 2013 and 2014
Exhibit 33: AkzoNobel: Geographical segmentation by revenue 2014
Exhibit 34: BASF: Business segmentation by revenue 2014
Exhibit 35: BASF: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 36: BASF: Geographical segmentation by Revenue 2014
Exhibit 37: PPG: Business segmentation by revenue 2014
Exhibit 38: PPG: Business segmentation by revenue 2013 and 2014 ($ millions)
Exhibit 39: PPG: Geographical segmentation by revenue 2014
Exhibit 40: Sherwin-Williams: Business segmentation by revenue 2014
Exhibit 41: Sherwin-Williams: Business segmentation by revenue 2013 and 2014
Exhibit 42: Valspar: Business segmentation by revenue 2014
Exhibit 43: Valspar: Business segmentation by revenue 2013 and 2014
Exhibit 44: Valspar: Geographical segmentation by revenue 2014
