Wood Coatings Market Size 2020, Market Opportunities, Key Players, Applications, Trends, Share Analysis up to 2027
Category: #reports  By Sachin Pashte  Date: 2020-03-14
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Wood Coatings Market Size 2020, Market Opportunities, Key Players, Applications, Trends, Share Analysis up to 2027

According to Market Research’s analysis, the global wood coatings market is predicted to grow at a CAGR of 6.46% for the forecasting period 2019-2027. In terms of volume, the market is expected to grow at a CAGR of 5.92%.

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Regional Outlook:

The regions of North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa are covered in the global market for wood coatings. Due to emerging application sectors like furniture, flooring, joineries, and others, the Asia-Pacific wood coatings market is anticipated to acquire the market share by the year 2027. Furthermore, a rapid increase in disposable income and significant investment in infrastructure and urbanization boost the growth of the Asia-Pacific wood coatings market.

On the other hand, North America is expected to be the fastest-growing region for the wood coatings market. High growth in urbanization and the development of the housing industry fuel the wood coatings market in the region.

An increase in the volatile raw materials and fluctuating raw material prices are some of the market restraints faced by the wooden coatings market. Moreover, an increase in crude oil prices, labor costs, and the demand-supply gap lead to the high cost of wood coatings. The market has ample growth opportunities in terms of radiation cure coatings and technological advancements. However, rigid environmental policies are a challenge faced by the market.

Top Key players in the market:
Some prominent competitors in the wood coatings market are Benjamin Moore & Co., Axalta Coating Systems, AkzoNobel N.V., Ltd., BASF SE, RPM International Inc., Kapci Coatings Co., Eastman Chemical Company, Nippon Paint Holdings Co., DowDuPont Inc., Helios Coatings Inc, Sherwin-Williams Company, PPG Industries, Inc., Pidilite Industries Limited, Minwax Company and Kansai Paint Co., Ltd.

Table Of Contents

1. Global Wood Coatings Market – Summary

2. Industry Outlook

3. Wood Coatings Market Outlook – By Resin Type

3.1. Polyurethane

3.2. Nitrocellulose

3.3. Acrylics

3.4. Unsaturated Polyester

3.5. Other Resin Type

4. Wood Coatings Market Outlook – By Technology

4.1. Water-Borne

4.2. Conventional Solvent-Borne

4.3. High Solid Solvent-Borne

4.4. Powder Coating

4.5. Radiation-Cured

4.6. Other Technology

5. Wood Coatings Market Outlook – By Application

5.1. Furniture

5.2. Joinery

5.3. Flooring

5.4. Other Application

6. Wood Coatings Market – Regional Outlook

7. Company Profiles

8. Research Methodology & Scope

More Details on this Report At: https://www.marketstudyreport.com/reports/global-wood-coatings-market-2019-2027?utm_source=marketforecasters&utm_medium=TS

The rise in the disposable income of consumers, growth in the construction activities, and advanced living standards in developing economies drive the overall growth of the wood coatings market. Wood coatings are extensively used for the refinement and protection of wood and wooden structures. The solid solvent-borne coatings have huge demand due to their quick-drying characteristics and low cost. Furthermore, the growth in the real estate and housing market has been surging the demand for wooden architecture. The use of wood coatings helps in increasing the utilization properties of wooden surfaces and enhances the visual cues of wooden items. This would contribute to the growth of the wood coatings market.

Related Report:

Global Green Coatings Market Size study, by, By Applications and Regional Forecasts 2019-2026

Global Green Coatings Market is valued approximately USD 75 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2019-2026.  Coating refers to the covering applied on the surface of an object with the purpose of applying to be decorative or functional or both. However, these coatings have harmful environmental impact such as release of volatile organic compounds and toxins. 

https://www.marketstudyreport.com/reports/global-green-coatings-market-size-research?utm_source=marketforecasters&utm_medium=TS

Related Report:

Epigenetics Market Report 2020: Global Industry Growth, Share, Scope, Size, Overall Analysis And Prediction By 2025

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About Author

Sachin Pashte

Email: [email protected]   

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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