NEWARK, Del. — The global wood coatings market is poised for significant growth, with demand expected to reach $15.18 billion by 2030. Driven by increasing construction activities, furniture production and rising demand for protective and aesthetic solutions, the market is expected to grow at a robust CAGR of 6.2% during the forecast period 2025 to 2035.
The residential end user is the largest market for wood preservation products, driven by maintenance needs for items such as fences, siding and decks. The market for wood protection products is significantly smaller for non-residential and non-building purposes.
Market growth drivers:
- Expansion of the housing market: The steady growth of the housing sector, especially in emerging markets, has significantly increased the demand for wood coatings. The need for durable and visually appealing wooden furniture and flooring is a major contributor to market growth.
- Preference for eco-friendly solutions: Consumers and industries alike are turning to low-VOC (volatile organic compounds) water-based coatings to meet stringent environmental regulations and reduce carbon footprint.
- Increasing Renovation and Remodeling: The increasing frequency of home renovations, driven by urbanization and lifestyle changes, has increased the use of wood coatings in the maintenance of doors, cabinets and furniture.
- Technological advances: Innovations such as UV-curing coatings and nanotechnology-based products have improved the durability, scratch resistance and aesthetic quality of wood coatings and expanded their applications.
Trends in the wood coating market:
- Sustainable coatings: As sustainability becomes increasingly important, manufacturers are developing bio-based coatings that are made from renewable raw materials. These products are aimed at environmentally conscious consumers and are in line with global sustainability goals.
- Growth in UV-curable coatings: UV-curable coatings are gaining traction due to their fast drying times and superior finish, providing cost-effective solutions for industrial applications.
- Customization: Consumer demand for unique and personalized finishes has driven the development of tailored color palettes, matte finishes and textured coatings.
- Increasing Construction Applications: Beyond furniture, wood coatings are increasingly finding use in architectural applications such as wood paneling and decking, driven by growing infrastructure projects worldwide.
