Oily Wood Coating Market Trends and Forecast
The future of the global oily wood coating market looks promising with opportunities in the furniture, flooring, and door & window markets. The global oily wood coating market is expected to grow with a CAGR of 14.3% from 2024 to 2030. The major drivers for this market are growing demand for durable outdoor wood protection solutions, rising preference for eco-friendly and low-VOC coating products, and expansion in residential & commercial construction activities globally.
• Lucintel forecasts that solvent borne is expected to witness the highest growth over the forecast period.
• Within this market, furniture is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Oily Wood Coating Market
• United States: PPG Industries introduced a new line of high-performance oily wood coatings, focusing on durability and eco-friendliness to meet stringent environmental regulations.
• China: AkzoNobel collaborated with local government to promote the use of oily wood coatings in outdoor construction, supporting sustainability goals and enhancing wood protection.
• Germany: BASF announced research initiatives to develop advanced oily wood coatings, targeting improved durability and weather resistance for European markets.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Oily Wood Coating Market by Segment
The study includes a forecast for the global oily wood coating market by type, application, and region.
Oily Wood Coating Market by Type [Value from 2018 to 2030]:
• Solvent Borne
• High-Solids
• Radiation Curable
• Others
Oily Wood Coating Market by Application [Value from 2018 to 2030]:
• Furniture
• Flooring
• Doors & Windows
• Others
Oily Wood Coating Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Oily Wood Coating Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies oily wood coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the oily wood coating companies profiled in this report include-
• Arkema Group
• Royal Dsm
• Allnex
• Dynea
• Helios Group
• Sirca Spa
• Ivm Group
• Synthopol Chemie
• Polynt
• Nuplex Corporate
Recent Development in the Oily Wood Coating Market
• Sherwin-Williams: Sherwin-Williams has introduced a range of next-generation oily wood coatings in North America. These coatings feature advanced formulation technologies that enhance UV resistance and color retention, meeting the needs of residential and commercial construction projects.
• Nippon Paint: Nippon Paint has expanded its production capabilities for oily wood coatings in Asia-Pacific. The companyÄX%$%Xs investment aims to meet the regionÄX%$%Xs growing demand for sustainable and long-lasting wood protection solutions, driven by urban development and infrastructure projects.
• RPM International Inc.: RPM International Inc. has acquired a leading manufacturer of oily wood coatings, expanding its portfolio in the global market. This acquisition enhances RPMÄX%$%Xs position in providing innovative wood treatment solutions for both residential and industrial applications.
• Axalta Coating Systems: Axalta Coating Systems has collaborated with architects and designers to develop customized oily wood coatings for luxury outdoor furniture and decking applications. This collaboration aims to offer premium wood protection solutions that combine aesthetics with high performance and sustainability.
Features of the Global Oily Wood Coating Market
Market Size Estimates: Oily wood coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Oily wood coating market size by type, application, and region in terms of value ($B).
Regional Analysis: Oily wood coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the oily wood coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the oily wood coating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for oily wood coating market?
Answer: The global oily wood coating market is expected to grow with a CAGR of 14.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the oily wood coating market?
Answer: The major drivers for this market are growing demand for durable outdoor wood protection solutions, rising preference for eco-friendly and low-VOC coating products, and expansion in residential & commercial construction activities globally.
Q3. What are the major segments for oily wood coating market?
Answer: The future of the oily wood coating market looks promising with opportunities in the furniture, flooring, and door & window markets.
Q4. Who are the key oily wood coating market companies?
Answer: Some of the key oily wood coating companies are as follows:
• Arkema Group
• Royal Dsm
• Allnex
• Dynea
• Helios Group
• Sirca Spa
• Ivm Group
• Synthopol Chemie
• Polynt
• Nuplex Corporate
Q5. Which oily wood coating market segment will be the largest in future?
Answer: Lucintel forecasts that solvent borne is expected to witness the highest growth over the forecast period.
Q6. In oily wood coating market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the oily wood coating market by type (solvent borne, high-solids, radiation curable, and others), application (furniture, flooring, doors & windows, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Oily Wood Coating Market Market, Oily Wood Coating Market Market Size, Oily Wood Coating Market Market Growth, Oily Wood Coating Market Market Analysis, Oily Wood Coating Market Market Report, Oily Wood Coating Market Market Share, Oily Wood Coating Market Market Trends, Oily Wood Coating Market Market Forecast, Oily Wood Coating Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.