(2020 - 2023) Global Wood Coatings Market is Anticipated to Reach US$ XX% Billion by 2023

Wood Coatings Market (2020 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Wood Coatings market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Wood Coatings Market report is anticipated to register a CAGR of XX% over a five years forecast period (2020 – 2023).”

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List of Major Key players operating in the Global Wood Coatings Market are –

  • Akzo Nobel N.V
  • Benjamin Moore & Co. Inc.
  • Diamond Vogel Paint Company
  • DowDuPont
  • Drywood Coatings BV
  • Helios Coatings GmbH
  • ICA Group
  • IVM Chemicals srl
  • Kansai Paint Co. Ltd.
  • KAPCI Coatings Co.
  • Kelly-Moore Paint Company
  • Inc.
  • Minwax Company
  • Nippon Paint Co. Ltd.
  • NTC Nano Tech Coatings GmbH
  • PPG Industries
  • Inc.
  • Renner Sayerlack S.A.
  • RPM International Inc.
  • Sherwin-Williams Company
  • Sirca SpA
  • Sniezka S.A.
  • Teknos Group Oy
  • Vermont Natural Coatings
  • Inc.
  • Weilburger Coatings GmbH

The global wood coatings market registered value of USD 8818.46 million, in 2017. It is expected to witness a moderate CAGR during the forecast period, 2020 to 2023. The furniture & fixtures application is expected to be the largest segment with a share of ~60%, followed by decks & cabinets in 2017.

Wood coatings are used in variety of industrial and residential areas. The coatings provide enhancement to the appearance of the wood, along with providing benefits, such as self-cleaning and graffiti resistance. Wood coatings, owing to their excellent adhesion and anti-corrosive properties, increased durability on woods and aesthetic properties, are becoming an integral part of various commercial sectors.

Increasing Furniture Production in China to Drive the Market

China's furniture manufacturing industry revenue rose from 32.7 billion Yuan in 2000 to 787.3 billion Yuan in 2015, with an average annual growth rate of 24%. China's furniture exports maintained double digit growth for many years, since 2009, exports remained stable at high levels. At present, China is the world's largest furniture exporter and furniture consumer market. China's furniture industry exports, in 2015, amounted to 199.36 billion Yuan, an increase of 1.69% year on year. This huge growth in the furniture production in China is expected to drive the wood coatings market.

Furniture & Fixtures to be the Largest Application

The Wood coatings are mainly used in furniture and cabinets. These coatings help in protecting the furniture and cabinets from termites and fungal infection. Additionally, they also protect them from moisture and mold formation. The rising demand for wood coatings is driven by the increasing infrastructural, industrial, and educational projects.

Asia-Pacific to be the Largest Market for Wood Coatings

The rising demand for wood coatings is driven by the increasing infrastructural, industrial, and educational projects. As Asia-Pacific is projected to witness highest growth in the construction activities, the demand for wood for the production of interiors, kitchens, cupboards, windows, and others is likely to increase noticeably. Asia-Pacific is also a major producer of furniture in the world. With an increase in the production of furniture, the demand for wood coatings is further likely to increase.

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Scope of the Report:

The report analyses Wood Coatings market, which includes –

  • Analysis of the growth of Wood Coatings market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Wood Coatings market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Wood Coatings market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Wood Coatings market are discussed.
  • The report provides competitive landscape at country level for the year 2020. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Wood Coatings Market Report:

  • Varying dynamics of the Wood Coatings industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2020-2023).
  • Wood Coatings market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Wood Coatings market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Wood Coatings Market Report:

  • The report analyses how stringent emission control norms will drive the global Wood Coatings market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Wood Coatings market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Wood Coatings:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2020
Forecast Year 2020 to 2023

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