Value Market Research has published its new report on the Global Wood Coating Market,the report commences with an introduction, market dynamic, segmentation, regional analysis, and competitive panel. The survey reveals that the global wood coating market was valued USD 1,680.0 MN (by revenue) in 2018 and is anticipated to reach USD 2,251.4 MN by 2025 with a CAGR of 5% between 2019 and 2025. The growth in the industry is primarily driven by refurbishment in the residential construction because the wood has major application in houses. The demand for wood coating is also expected to rise for maintenance purposes and the need for enhancing the shelf-life of wooden structure. Also, the rising number of new constructions along with the advancement in coating technology such as decorative coatings is again expected to enhance the market presence.
Wood coating or protection is required to safeguard the wood surface in order to enhance the shelf-life and aesthetic look of the wood. It increases the durability of the wooden structure, protects the wood from a humid climate, and increase the resistance from termite’s attacks. Additionally, wood coating offers hard surface topcoats, good color, retains gloss and deliver high performance.
The report "Global Wood Coating Market Report By Resin Type (Acrylics, Polyurethane, Nitrocellulose, Melamine Formaldehyde, And Others), By Application (Cabinets, Side & Decks, Furniture, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2018-2025" offer detailed industry trends along with the emerging opportunities, which will help the readers to understand the scope of the market.
The market of wood coating has been segmented on the basis of type, application, and region. Type segment has been classified into acrylics, polyurethane, nitrocellulose, melamine formaldehyde and others. Out of which, the polyurathane segment is accounted for the highest share in the market owing to its high performance and ability to enhance the properties of wood product. The application segment has been categorized into cabinets, side & decks, furniture, and others. Furniture segment has emerged as the largest application area owing to booming real estate industry coupled with the infrastructural development which is contributing towards demand for wood coating in furniture. Regional segmentation covers North America, Europe, Asia-pacific, Latin America, the Middle East, and Africa. Asia-Pacific is dominating the global wood coating market owing to rising construction of residential as well as commercial places that require furniture which in turn boosts the usage of wood coatings.
The Report Segments Global Wood Coating Market -
By Resin Type
Side & Decks
Middle East & Africa
Players Profiled in the Report:
Akzo Nobel Coatings NV, Arkema SA, Ashland Inc., BASF Coatings AG, Dow Coating Materials, DuPont Coatings and Color Technologies Group, Hempel A/S, ICI Paints, Kansai Paint Co. Ltd., Nippon Paint Co. Ltd., PPG Industries Inc., RPM International Inc., Sherwin-Williams Co. and The Valspar Corporation.
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