Wood Coatings Market to Reach USD 17.70 Billion in 2032 Amidst Construction and Hospitality Growth

The global wood coatings market is estimated to be valued at USD 12.57 Bn in 2025 and is expected to reach USD 17.70 Bn by 2032

BURLINGAME, CA, UNITED STATES, December 8, 2025 /EINPresswire.com/ -- The Global Wood Coatings Market is estimated to be valued at USD 12.57 Bn in 2025 and is expected to reach USD 17.70 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 5.0% from 2025 to 2032. The global demand for wood coatings is set to rise, driven by rapid growth in the construction sector and a surge in remodeling and renovation activities. Increasing spending on home improvement and a growing preference for high-quality wood finishes are expected to significantly boost market expansion during the forecast period.

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Global Wood Coatings Market Key Takeaways

The polyurethane resin segment is expected to hold the highest market share of about 42.8% in 2025.

Based on application, furniture segment is leading with around 41.3% share in 2025, which is driven by rising demand for wooden furniture and focus on aesthetic finishing in home decor.

Solvent-borne coatings segment holds a share of about 36.9% in 2025, owing to benefits of application process and performance characteristics.

North America dominates the regional market in 2025 with roughly 39.9% share, supported by well-established construction and furniture industries as well as high consumer demand for quality wood finishes.

Construction Expansion and Hospitality Boom Driving Market Growth

The rise in new building projects is increasing demand for high-quality wood finishes across residential and commercial spaces. This steady activity is also supporting wood coatings market demand as more properties focus on durable and attractive wooden interiors. Growing furniture needs in hotels further boost interest in advanced solutions within the furniture coatings market.

As urban infrastructure grows, businesses are investing in coatings that improve appearance and long-term protection of wood surfaces. This shift is also contributing to a higher wood coatings market value as manufacturers introduce better-performing options. The hospitality sector is increasingly adopting sustainable choices, supporting wider use of water-based wood coatings in modern projects.

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Rising Petroleum Raw Material Costs Limiting Market Expansion

Increasing petroleum prices are affecting the cost and stability of manufacturing. These ever-increasing costs are still affecting wood coatings market, particularly for the companies that rely on solvent-heavy formulations. The impact can also be seen in furniture coatings market, where manufacturers are adjusting prices to control higher raw material prices.

Producers are slowly turning to alternative solutions to lessen the dependence on volatile ingredients made from petroleum. This change is becoming more apparent in wood coatings market, as companies look into efficient formulations in order to maintain consistency. Adoption of water-based wood coatings is on the rise, and manufacturers are managing the uncertainty of petroleum prices.

Growing Preference for Bio-Based Coatings Creating Opportunities

Bio-based formulations are gaining strong attention as buyers look for safer and low-emission alternatives. This shift is also helping increase focus on the overall wood coatings market as companies introduce cleaner solutions. Many manufacturers in the water-based wood coatings segment are using renewable materials to meet these changing expectations.

The rising adoption of eco-friendly options is also improving wood coatings market demand, as sustainable products see broader usage across residential and commercial spaces. Demand from furniture coatings market continues to support this move, with brands developing greener finishes. Together, these changes are creating new growth opportunities for suppliers offering bio-based wood coating technologies.

Emerging Wood Coatings Market Trends

Increasing awareness of sustainable materials is influencing the wood coatings market, as manufacturers focus on low-VOC and biodegradable contents. Demand for safer application processes is also improving product acceptance in multiple industries. This trend is further aided by the introduction of water-based wood coatings in residential and commercial projects.

Manufacturers are focusing on high-performance drying solutions to improve productivity and reduce downtime for all finishing lines, and this adds further value to the overall scope of wood coatings market. High-performance products are making inroads where speed and durability are required. Strong interest in UV-cured wood coatings is contributing to this efficiency-oriented system’s move.

The demand for high-quality finishes in interior products is contributing to steady growth in wood coatings market size across emerging economies. Consumers are showing a preference for long-lasting, scratch-resistant coatings that improve the visual appeal of wooden furniture. The ongoing upgrade trend in furniture coatings market is strengthening adoption among residential and commercial buyers.

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Analyst’s View

“The global wood coatings market is set for steady growth as construction activity and home-improvement spending rise worldwide. Demand for eco-friendly, low-VOC and waterborne formulations—along with innovations like nanoparticle-enhanced and self-healing coatings—is helping manufacturers capture premium segments. Manufacturers focusing on sustainable formulations and formulation innovation are well-positioned to benefit from shifting regulations and customer preferences,” said a senior analyst at CMI.

Competitor Insights

Key companies operating in the wood coatings market report include:

The Sherwin-Williams Company
PPG Industries, Inc.
Akzo Nobel N.V.
Nippon Paint Holdings Co., Ltd.
RPM International Inc.
Diamond Paints
BASF SE
Axalta Coating Systems, LLC
KANSAI HELIOS
Asian Paints
Eastman Chemical Company
Angel Coating Pvt. Ltd.
Sansui Paints
Teknos Group
MAS Paints
KAPCI Coating
Benjamin Moore & Co
Grand Polycoats
Taralac.

Recent Development

In January 2025, Nippon Paint announced an increase of up to 9% in prices of its wood coatings, including an increase of 6% to 9% of the Shishili high flashpoint series, reflecting increase in raw material prices, likely to have its impact on the pricing dynamics in wood coatings market.

In February 2025, AkzoNobel launched a new waterborne wood coating with 20% content of bio-based raw materials, with a focus on renewable raw material content, without compromising high performance, expected to have an impact on sustainability trends as well as develop products in the wood coatings market.

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