Market Forecast By Resin Type (Polyurethane, Acrylics, Nitrocellulose, Unsaturated Polyester, Others), By Technology (Waterborne, Conventional Solid Solvent Borne, High Solid Solvent Borne, Powder Coating, Radiation Cured, Others), By End Use (Furniture, Joinery, Flooring, Others) And Competitive Landscape
Product Code: ETC5333245 | Publication Date: Nov 2023 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 15 | No. of Tables: 7 |
New Zealand Wood Coatings Market Report thoroughly covers the market by resin type, application and end user. New Zealand Wood Coatings Market Outlook report provides an unbiased and detailed analysis of the ongoing New Zealand Wood Coatings Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The wood coating market in New Zealand is experiencing notable growth, driven by the expansion of the country’s construction sector. In 2024, the construction market contributed to the national economy, with Auckland and Canterbury accounting for construction projects. This growth in construction, particularly in residential, commercial, and infrastructure projects, is fueling the demand for wood coatings, as these projects require durable, aesthetically appealing coatings for wood materials, providing protection against wear and environmental factors.
Additionally, the furniture market saw growth, in 2023, with Auckland housing the largest number of furniture stores in the country. The rising demand for housing and increasing disposable income are expected to further drive the furniture market, creating a corresponding need for wood coatings to ensure durability and strength in wood-based furniture products.
According to 6Wresearch, New Zealand Wood Coatings Market is projected to grow at a CAGR of 2.8% from 2025-2031F. The wood coating market is anticipated to experience significant growth in the coming years, driven by the expansion of the residential and hospitality sectors. The residential sector has seen growth due to factors such as population growth, strong economic performance, and government initiatives such as the Public Housing Plan, with new residential units expected to be consented by 2031 in New Zealand.
Major housing developments, including the Tennyson Road Housing Project, Grandview Road Housing Project, and Killarney Road Housing Project, slated for completion between 2025 and 2026, would further drive the demand for wood coatings. These projects would require coatings for furniture, interior finishes, and exterior applications, directly contributing to the growth of the wood coating market.
Additionally, the expanding hospitality sector in New Zealand is also contributing to the growth of the wood coating market. Visitor spending during the off-season is expected to rise by 2027-2028. The construction of new hotels, including major projects such as Radisson RED Auckland, Distinction Invercargill Hotel, and Moxy Auckland, set to be completed by 2025 and 2026, is driving the demand for wood-based materials in furnishings and flooring. This surge in hotel developments is fueling the need for high-quality wood coatings, offering durability, aesthetic appeal, and protection from wear and tear, thus supporting market growth.
By 2031, acrylic resin is expected to experience the highest growth rate in New Zealand's wood coating market, driven by increasing demand for durable, weather-resistant coatings in residential, commercial, and hospitality sectors. The shift towards sustainable and eco-friendly building materials, along with advancements in low-VOC acrylic formulations, would further fuel this growth.
By 2031, cabinets are expected to experience the highest growth rate in New Zealand's wood coating market, driven by the increasing demand for high-quality, durable coatings for kitchen, bathroom, and office cabinetry. Additionally, advancements in coating technology, such as scratch resistance, moisture resistance, and custom finishes, would further fuel demand for coatings in the cabinet sector.
By 2031, non-residential sector is expected to experience the highest growth rate in New Zealand's wood coating market, driven by the expansion of commercial and infrastructure projects, such as Canterbury Multi-Use Arena and Hotel Indigo Auckland. The increasing demand for durable and aesthetically pleasing wood finishes in these sectors would drive the need for high-performance wood coatings.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. New Zealand Wood Coatings Market Overview |
3.1. New Zealand Wood Coatings Market Revenues, 2021-2031F |
3.2. New Zealand Wood Coatings Market Industry Life Cycle |
3.3. New Zealand Wood Coatings Market Porter's Five Forces |
4. New Zealand Wood Coatings Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. New Zealand Wood Coatings Market Trends And Evolution |
6. New Zealand Wood Coatings Market Overview, By Resin Type |
6.1. New Zealand Wood Coatings Market Revenue Share, By Resin Type, 2024 & 2031F |
6.1.1. New Zealand Wood Coatings Market Revenues, By Polyurethane, 2021-2031F |
6.1.2. New Zealand Wood Coatings Market Revenues, By Nitrocellulose, 2021-2031F |
6.1.3. New Zealand Wood Coatings Market Revenues, By Polyester, 2021-2031F |
6.1.4. New Zealand Wood Coatings Market Revenues, By Acrylic, 2021-2031F |
6.1.5. New Zealand Wood Coatings Market Revenues, By Others, 2021-2031F |
7. New Zealand Wood Coatings Market Overview, By Application |
7.1. New Zealand Wood Coatings Market Revenue Share, By Application 2024 & 2031F |
7.1.1. New Zealand Wood Coatings Market Revenues, By Furniture, 2021-2031F |
7.1.2. New Zealand Wood Coatings Market Revenues, By Cabinets, 2021-2031F |
7.1.3. New Zealand Wood Coatings Market Revenues, By Siding, 2021-2031F |
7.1.4. New Zealand Wood Coatings Market Revenues, By Flooring, 2021-2031F |
7.1.5. New Zealand Wood Coatings Market Revenues, By Others, 2021-2031F |
8. New Zealand Wood Coatings Market Overview, By End User |
8.1. New Zealand Wood Coatings Market Revenue Share, By End User 2024 & 2031F |
8.1.1. New Zealand Wood Coatings Market Revenues, By Residential, 2021-2031F |
8.1.2. New Zealand Wood Coatings Market Revenues, By Commercial, 2021-2031F |
9. New Zealand Wood Coatings Market Key Performance Indicator |
10. New Zealand Wood Coatings Market Opportunity Assessment |
10.1. New Zealand Wood Coatings Market Opportunity Assessment, By Resin Type, 2031F |
10.2. New Zealand Wood Coatings Market Opportunity Assessment, By Application, 2031F |
10.3. New Zealand Wood Coatings Market Opportunity Assessment, By End User, 2031F |
11. New Zealand Wood Coatings Market Competitive Landscape |
11.1. New Zealand Wood Coatings Market Revenue Ranking, By Top 3 Companies, 2024 |
11.2. New Zealand Wood Coatings Market Competitive Benchmarking, By Technical Parameters |
11.3. New Zealand Wood Coatings Market Competitive Benchmarking, By Operating Parameters |
12. Company Profiles |
12.1. PPG Industries, Inc |
12.2 Abodo Wood Ltd |
12.3 JSC |
12.4 Coating Technologies Ltd. (Cotec) |
12.5 Dulux Group |
12.6 Altex Coatings Ltd. |
12.7 Hempel (Wattyl) New Zealand Limited |
12.8 Protective Paints LLC. |
12.9 Osmo NZ Ltd. |
12.10 Commercial Coating Manufacturer |
13. Key Strategic Recommendations |
14. Disclaimer |
List Of Figures |
1. New Zealand Wood Coatings Market Revenues, 2021-2031F ($ Million) |
2. New Zealand Construction Project By Regions, 2023 (%) |
3. New Zealand Furniture Retail Channel 2022 & 2025(%) |
4. New Zealand Region Wise Furniture Retail Stores 2024 |
5. New Zealand Wood Coatings Market Revenue Share, By Resin Type, 2024 & 2031F |
6. New Zealand Wood Coatings Market Revenue Share, By Application, 2024 & 2031F |
7. New Zealand Wood Coatings Market Revenue Share, By End User, 2024 & 2031F |
8. New Zealand Residential Housing Approvals Nov 2023-Nov 2024 |
9. New Zealand Tourism Expenditure 2023 & 2024 ($ Billion) |
10. New Zealand Region Wise Hotel Room Under Construction 2025 |
11. New Zealand Wood Coatings Market Opportunity Assessment, By Resin Type, 2031F ($ Million) |
12. New Zealand Wood Coatings Market Opportunity Assessment, By Application, 2031F ($ Million) |
13. New Zealand Wood Coatings Market Opportunity Assessment, By End User, 2031F ($ Million) |
14. New Zealand Wood Coatings Market Revenue Ranking, By Top 3 Companies, 2024 |
15. New Zealand Region Wise Building Activities Outlook |
List of Tables |
1. New Zealand Major Construction Project 2025 |
2. New Zealand Regulatory Restrictions |
3. New Zealand Wood Coatings Market Revenues, By Resin Type, 2021-2031F, ($ Million) |
4. New Zealand Wood Coatings Market Revenues, By Application, 2021-2031F, ($ Million) |
5. New Zealand Wood Coatings Market Revenues, By End User, 2021-2031F, ($ Million) |
6. New Zealand Upcoming Residential Projects 2025 |
7. New Zealand Upcoming Hotels 2025 |