As per this study the Global Wood Coating Market was valued USD X,XXX MN (by revenue) in 2019 and is anticipated to reach USD X,XXX.X MN by 2026 with a CAGR of X%. By volume, the market was estimated at XXX KT in 2019 and is expected to reach XXX KT by 2026 with a CAGR of X.X%.
Wood coating is used to protect the wooden surface from water damage, moisture, and scratch thus extends its shelf life. These are either translucent or opaque paints that impart better finish and aesthetic appeal to the timber, used in the residential and commercial application. Wood coating encompasses a wide range of stains, varnishes, paints that are extensively used in indoors and outdoors application.
Rising global population leading to a rise in demand for 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 fueling market growth. Also, stringent regulation imposed by regulatory authorities towards emission of VOC and other hazardous products are fueling penetration of eco-friendly wood coating market growth. However, the presence of cheaper alternatives is likely to restrain market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of wood coating.
The broad wood coating market has been sub-grouped into resin type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Resin Type
- Melamine Formaldehyde
- Side & Decks
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for wood coating in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Wood Coating Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the wood coating market includes 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. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.