Global Wood Coating Market was valued at US$ 1.5Bn in 2017 and is expected to reach US$ 2.5Bn by 2026, at a CAGR of 6.59% during a forecast period.
Growing global population leading to an increase in demand for a residential and commercial building is driving the market growth. Increase in per capita income, betterment in living standard, rising expenditure on house are major factors driving market growth. Moreover, stringent regulation imposed by regulatory authorities towards the emission of VOC and other hazardous products is fueling penetration of eco-friendly wood coating market growth. However, the presence of cheaper alternatives is expected to restrain the market growth.
In the current development, the homeowners are interested in investing more in the keep of their floors, fences, siding and decks. Properly managed and highly sustained home adds the value of the home and saves money in the long term. Additionally, the increasing competition, stringent regulations and new product developments are some of the significant factors for the growth of the wood coatings market. However, the availability of quality and cheaper alternatives, for instance, plastic wood and wood composite are expected to hamper the growth of the global wood coatings market.
On the basis of coating type, stains & varnishes segment is dominating the market for wood coating. Owing to stains are easy to apply with either a paint brush. Stain can increase the grain on some wood types. Also, the use of varnish is in wood finishing applications where the natural tones and grains in the wood are intended to be visible.
Based on end user, the furniture segment is the fastest growing segment in the wood coating market. Wood coatings are mostly used in the exteriors and interiors in the furniture industry majorly owing to the finishing it provides to the furniture products.
In terms of region, the Asia Pacific region registered a more than 47% value share in 2017 and expected to cater a significant growth by 2026. The government investments for the infrastructural development and initiatives towards housing schemes in economics such as India, Vietnam and ASEAN countries among others, is expected to drive the wood coatings market in the region. In China, the demand for water-borne wood coatings is on increase owing to the new tax reform on VOC emissions.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Wood Coating Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Wood Coating Market.
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Scope of Global Wood Coating Market
Global Wood Coating Market, by Coating Type:
- Stains & varnishes
- Shellac coating
- Wood preservatives
- Water repellents
- Others
Global Wood Coating Market, by Application:
- Roll coating & brush coating
- Vacuum coating
- Spray coating
- Others
Global Wood Coating Market, by End User:
- Furniture
- Cabinets
- Siding
- Flooring & decking
- Others
Global Wood Coating Market, by Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
Key Players operating in Global Wood Coating Market
- Akzonobel N.V.
- Sherwin-Williams Company
- BASF SE
- Hempel A/S.
- Valspar Corporation
- Dow Chemical Company
- RPM International Inc.
- Nippon Paint Co. Ltd.
- Arkema SA
- Ashland Inc.
- Kansai Paint Co. Ltd.,
- DuPont Coatings and Color Technologies Group
- Ashland Inc.,
- ICI Paints
- PPG Industries Inc.
- Dow Coating Materials,
- Valspar Corporation
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The global wood coatings market was valued at $7,800.0 million in 2018, and is projected to reach $11,985.8 million by 2025, growing at a CAGR of 6.3% from 2020 to 2025.Increase in disposable income of consumers and improvement in standard of living in developing economies such as India and China are the key factors are fueling the demand for modern furniture, which in turn is expected to drive the demand for wood coatings.
These factors are positively impacting the market growth.Get More Information about : http://www.marketgrowthanalysis.com/reports/sample/208However, factors such as stringent environmental rules imposed by the government & other regulatory bodies on the use of volatile organic compounds (VOC) in the production of wood coating hamper the growth of the wood coatings market.
On the other hand, advancement in coatings technology and surge in use of radiation cure coatings are some of the factors that provide lucrative opportunities in the wood coating market.wood coatings Key Market Segments:By Resin TypePolyurethaneAcrylicsNitrocelluloseUnsaturated PolyesterOthersBy TechnologyWaterborneConventional Solid Solvent BorneHigh Solid Solvent BornePowder CoatingRadiation CuredOthersBy End UseFurnitureJoineryFlooringOthersRequest for Table of Contents: http://www.marketgrowthanalysis.com/reports/toc/208The wood coatings market is segmented based on resin type, technology, end use, and region.
The wood coating market is segmented based on region including North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, Rest of LAMEA).The major key players operating in the wood coatings industry include Akzo Nobel N.V., Axalta Coatings Systems, BASF SE, DowDuPont, Eastman Chemical Company, Kansai Paint Co., Ltd., Nippon Paints Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., and Sherwin Williams Company.
These major key players are adopting different strategies such as acquisition, business expansion, and collaboration to stay competitive in the global market.Report Description: http://www.marketgrowthanalysis.com/wood-coating-marketAbout Us:Market Growth Analysis is one of the leading digital services provider and a result-oriented company based in Canada.
Players, stakeholders, and other participants in the global Wood Coating market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/99766/global-wood-coating-2021-2027-337 Wood Coating is coating for wood products, widely used in furniture, doors, windows, floors, wainscoting, wooden musical instruments, sporting goods, stationery, toys, and etc.
Global Wood Coating key players include Valspar, Akzo Nobel, Nippon, PPG, Henkel, etc.
Segment by Type, the Wood Coating market is segmented into CuringSolvent Segment by Application, the Wood Coating market is segmented into Wooden FurnitureIndoor DecorationWood FloorWooden ToysWooden OutdoorOthers Regional and Country-level Analysis: North AmericaUnited StatesCanadaAsia-PacificChinaJapanSouth KoreaIndiaSoutheast AsiaAustraliaRest of Asia-PacificEuropeGermanyFranceU.K.ItalyRussiaNordic CountriesRest of EuropeLatin AmericaMexicoBrazilRest of Latin AmericaMiddle East & AfricaTurkeySaudi ArabiaUAERest of MEA Competitive Landscape and Wood Coating Market Share AnalysisWood Coating market competitive landscape provides details and data information by companies.
The major companies include: Akzo NobelPPG Industrial CoatingsNippon PaintValspar CorporationSherwin WilliamsSan Marco GroupRPM IncBrilluxTikkurilaHenkelDiamond Vogel PaintKansai PaintBasfCraig and RoseDuPontMeffert AGTaihog GroupSacalHempelCarpoly ChemicalYip's ChemicalZhanchen CoatingChina paintsGuangdong Junedos Building MaterialsSanKeShuJunZiLan coating groupGuangdong BadeseHebei Chenyang Industry and Trade GroupSanxia PaintingGuangdong Huilong Reasons to Purchase Our Research Report:1.
Analyzing the outlook of the market with the recent trends and SWOT analysis2.
Industrial Wood Coating market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Industrial Wood Coating market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Industrial Wood Coating market is segmented into:WaterborneConventional Solvent BorneHigh Solid Solvent BornePowder CoatingRadiation CuredOthersDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/61161/global-japan-industrial-wood-coating-2026-26Segment by Application, the Industrial Wood Coating market is segmented into:Wooden FurnitureWood FloorWooden OutdoorOthersRegional and Country-level Analysis:The Industrial Wood Coating market is analysed and market size information is provided by regions (countries).The key regions covered in the Industrial Wood Coating market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Industrial Wood Coating Market Share Analysis:Industrial Wood Coating market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
