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Wood Coatings Market- Industry Analysis, trends, Growth, Forecast 2024

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Wood coatings are a range of chemicals applied on to wooden surfaces to increase their durability and enhance their appearance, hence driving wood coatings market.Global wood coatings market is driven by the demand for various types of wood fittings
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Wood Coating Market - Global Industry
Analysis, Size, Share, Growth, Trends,
and Forecast 2016 - 2024
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REPORT DESCRIPTION
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Wood Coating
Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024” This report likewise
incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide
business sector industry structure.
Global Wood Coating Market: Overview
Wood coatings are a range of chemicals applied on to wooden surfaces to increase their durability and enhance their
appearance. Polishes and water repellants are among the most commonly used wood coatings due to their high effectiveness.
The application of wood coatings comprises a crucial part of the wood processing and furniture industries, since it helps increase
consumer satisfaction and thus ensure sustained demand.
Stains and varnishes, water repellants, and wood preservatives are among the most widely used types of wood coatings, while
roll coating, brush coating, spray coating, and vacuum coating are the major mechanisms of application of wood coatings.
Furniture is the largest application segment of the global wood coatings market due to the widespread popularity of wood in
manufacturing furniture. This trend is expected to continue in the next few years.
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Global Wood Coating Market: Drivers
The ongoing construction industry boom has been a major driver of the global wood coatings market. Demand for various types
of wood fittings is rising owing to the growing demand for new construction. This is directly driving the wood coatings market.
Wood furniture is an integral part of any residential as well as commercial construction, while wooden flooring is also becoming
increasingly popular.
Rise in global population is also a major factor propelling the global wood coatings market. The increase in population, allied to
the rampant urbanization observed across the world, has augmented the demand for new residential construction, further
fueling the usage of wooden fittings.
Demand for high-end wooden fittings and flooring is also being propelled by the increasing spending power of consumers in
developing economies, where the construction industry boom is centered. Rise in GDP of countries such as India, China, and
Brazil has led to a marked increase in the disposable income of consumers in these regions, resulting in higher demand for
premium goods. This is anticipated to remain an influential factor in the growth of the global wood coatings market in the near
future.
Increase in demand for protective coatings has been another marked feature of the global wood coatings market since the last
few years. Due to the well-funded research avenues in the wood coatings industry, highly effective wood protective coatings
have been developed and are being marketed across the world. Rising demand for longer lasting fittings has driven the demand
for protective coatings, thereby indirectly driving the global wood coatings market.
Global Wood Coating Market: Restraints and Opportunities
Despite the influential prevalence of several favorable factors, the wood coatings market is restrained in Europe by the
continued recession in the region. The global wood coatings market is estimated to be led by growth in emerging economies in
the new few years.
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The presence of volatile organic compounds (VOCs) in wood coatings has also come under the scanner, due to the growing
acknowledgement of the adverse effects of VOCs on the environment. On the other hand, this presents a promising opportunity
for manufacturers to innovate low-VOC formulations of wood coatings.
Global Wood Coating Market: Competitive Landscape
Continued investment in research to enhance the performance of wood coatings is another major factor likely to play an
important role in determining the market’s competitive hierarchy in the near future. Major players operating in the global wood
coatings market, according to 2015 figures, include BASF SE, The Dow Chemical Company, Nippon Paint Co. Ltd., The Valspar
Corporation, Akzonobel N.V., Arkema SA, and The Sherwin-Williams Company.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and
verifiable projections about market size. The projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every
facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
•
Market segments and sub-segments
•
Market trends and dynamics
•
Supply and demand
•
Market size
•
Current trends/opportunities/challenges
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Competitive landscape
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Technological breakthroughs
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Value chain and stakeholder analysis
The regional analysis covers:
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North America (U.S. and Canada)
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Latin America (Mexico, Brazil, Peru, Chile, and others)
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Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
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Eastern Europe (Poland, Russia)
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Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
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Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned
analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The
report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and
market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and
mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment
over the forecast period.
Highlights of the report:
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A complete backdrop analysis, which includes an assessment of the parent market
•
Important changes in market dynamics
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Market segmentation up to the second or third level
•
Historical, current, and projected size of the market from the standpoint of both value and volume
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Reporting and evaluation of recent industry developments
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Market shares and strategies of key players
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Emerging niche segments and regional markets
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An objective assessment of the trajectory of the market
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Recommendations to companies for strengthening their foothold in the market
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