The Wood Coating Global Market Report 2023 by The Business Research Company, provides wood coating market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
Learn More On The Wood Coating Market:
https://www.thebusinessresearchcompany.com/report/wood-coating-global-market-report
According to The Business Research Company’s Wood Coating Global Market Report 2023, the market size is expected to grow from$10.13 billion in 2022 to $10.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global wood coating is expected to grow to $14.32 billion in 2027 at a CAGR of 7.1%.
The rise in the construction of new homes and house modifications are expected to propel the growth of the wood coating market. The rising demand for housing is increasing due to increasing population, rapid urbanization, economic/infrastructure development, favorable government policies/schemes for housing, and others. This rise in the construction of new homes and house modifications will create a significant demand for wood materials with wood coatings to be used in these new and modified residential homes. Wood coatings offer a desirable appearance while ensuring a long life of wooden materials used in homes.
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The wood coating market is segmented:
1) By Type: Preservative Wood Coatings, Stain Wood Coatings, Shellac Wood Coatings
2) By Product Type: Water Borne Wood Coatings, Solvent-Borne Wood Coatings, Powder Wood Coatings
3) By Application: Furniture, Cabinets, Siding, Flooring, Other Applications
Eco-friendly wood coating is a key trend gaining popularity in the wood coating market. Eco-friendly coatings are made of natural/eco-friendly substances and are not harmful to the environment. Eco-friendly coatings either contribute to green living practices such as resource conservation or avoid contributing to pollution. Waxes, oils, and shellac are the most popular non-toxic, eco-friendly wood finishes on the market. Key players are focusing on offering eco-friendly wood coatings to minimize environmental impact and gain a competitive edge in the market. For instance, Centurion Wood Coatings, a US-based wood coatings company offers a range of Water-Based Coatings that are eco-friendly and provide exceptional performance with significant clarity, wood warmth, and durability. Centurion Water-Based Coatings can be applied to a variety of wood surfaces including furniture, cabinetry, wood floors, high-end architectural millwork, and all other interior wood applications. These have benefits such as non-flammability, low odor, ease of handling, and water clean-up.
The wood coating market report table of contents includes:
1. Executive Summary
2. Wood Coating Market Characteristics
3. Wood Coating Market Trends And Strategies
4. Wood Coating Market - Macro Economic Scenario
5. Wood Coating Market Size And Growth
.....
26. Africa Wood Coating Market
27. Wood Coating Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wood Coating Market
29. Wood Coating Market Future Outlook and Potential Analysis
30. Appendix
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It helps in increasing the product life.
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.
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.
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.
Properly managed and highly sustained home adds the value of the home and saves money in the long term.
On the basis of coating type, stains & varnishes segment is dominating the market for wood coating.
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.
