Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Wood Coating Resins Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Wood Coating Resins Market Growth?
The market size of wood coating resins has been gradually increasing in the past few years. The market is set to rise from $4.41 billion in 2024 to $4.59 billion in 2025, this shows a compound annual growth rate (CAGR) of 3.9%. The historical growth trend in the Wood Coating Resins market has been steadily rising.
What Is the Predicted Industry Size and CAGR of the Wood Coating Resins Market in 2029?
The Wood Coating Resins market is predicted to reach a value of $5.77 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 5.9%.
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Which Factors Are Driving Growth in the Wood Coating Resins Market?
The key Drivers in the wood coating resins market are:
• The surge in the global number of hotels and restaurants
• The rise in global tourism stimulating the hospitality industry
• Shifts in consumer preferences towards dining out and travel experiences
• The need in hospitality settings to protect and enhance the aesthetics of wooden surfaces
Which Segment Trends Are Covered in the Wood Coating Resins Market Forecast?
The wood coating resinsmarket covered in this report is segmented –
1) By Resin Type: Epoxy Resin, Amino Resin, Alkyd Resin, Polyurethane Resin, Unsaturated Polyester Resin, Saturated Polyester Resin, Acrylic Resin, Vinyl Resin, Other Resins
2) By Technology: Solvent-Borne Coatings, Powder Coatings, Waterborne Coatings, High Solids Coatings, Radiation Curable Coatings, Other Technologies
3) By Application: Automotive Coatings, Marine & Protective Coatings, Architectural Coatings, General Industrial Coatings, Packaging Coatings, Wood Coatings, Other Applications
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What Are the Current Market Trends in the Wood Coating Resins Industry?
The key trends in the wood coating resins market are:
• Major market players are continuously innovating in the wood coating resin market.
• The creation of high-performance solutions for various applications is an emerging trend.
• A focus on enhancing properties like chemical resistance and hardening speed is noticeable.
• An increasing preference for low-VOC waterborne alternatives is a significant trend.
Who are the Key Companies in the Wood Coating Resins Market?
The key players in the wood coating resins market are:
• Arkema SA
• Nuplex Industries Limited
• Koninklijke DSM NV
• Allnex SARL
• Synthopol Chemie Dr rer pol Koch GmbH & Co KG
• Dynea AS
• Polynt Spa
• Sirca Spa
• Helios Group
• Covestro AG
• Badische Anilin und Soda Fabrik
• Evonik Industries AG
• Huntsman International LLC
• The Sherwin-Williams Company
• Jiangsu Sanmu Group Company Limited
• Arakawa Chemical Industries Limited
• Alberdingk Boley Inc.
• The Nippon Synthetic Chemical Industry Company Limited
• Eternal Materials Company
• CBC Company
• Perstorp Group
• Wanhua Chemical Group Company Limited
• DIC Corporation
• Wacker Chemie AG
• Royal DSM NV
• Akzo Nobel NV
• Eastman Chemical Company
• Dainippon Ink and Chemicals
• Bayer AG
• Lanxess
What are the Regional Trends Across the Wood Coating Resins Market?
Asia-Pacific was the largest region in the wood coating resins market in 2024
