openPR Logo
Press release

Wood Coating Market Expected to Expand $11,880 Mn by 2023 : Allied Market Research

12-11-2018 02:40 PM CET | Health & Medicine

Press release from: Allied Market Research

Wood Coating Market

Wood Coating Market

"Coating manufacturers and research institutions are investing heavily in the development of environmentally friendly, non-hazardous wood coatings. It improves and enhances wood coating performance and is superior to conventional VOC-containing coatings. China, India, Japan and the Asia Pacific countries are expected to provide opportunities to grow wood coatings."

A new report "Wood Coating Market by Material and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023", published by Allied Market Research. The global market was valued at $7,850 million in 2016, and is projected to reach $11,880 million by 2023, growing at a CAGR of 6.3% from 2017 to 2023. The furniture segment accounted for more than 59% share of the global wood coating market in 2016.

Get Access to TOC / Sample Report @ https://www.alliedmarketresearch.com/request-sample/4672

Wood coatings are used to provide aesthetic appearance as well as wood protection. The wood coating is produced as a hard surface finish and is provided as a high gloss finish. Mercury, solvents and high solids materials are the three main wood coating technologies used in the market. Various technologies and various resin systems are used for wood coating. They have advantages and disadvantages.

Based on resin type, the market is segmented into polyurethane, nitrocellulose, acrylic, unsaturated polyester, and others. The polyurethane segment is projected to be the most lucrative segment from 2017 to 2023 owing to the high-performance finish that preserves and improves natural wood. Furthermore, polyurethane wood coating strengthens the properties of wood products providing color and protection.

Based on technology, the market is divided into waterborne, conventional solvent borne, high solid solvent borne, powder coating, radiation cured, and others. The waterborne wood coating segment is projected to be the most lucrative segment from 2017 to 2023 owing to low toxicity due to low VOCs content. Stringent policies are imposed by the government on the use of VOCs in paints and coatings, which boosts the growth of the waterborne wood coating segment in the market. However, the low drying rate and high price of waterborne coatings as compared to solvent borne wood coating are expected to hinder the market growth.

Based on end user, the market is classified into furniture, cabinet, siding, flooring, paneling, and others. The cabinet segment is estimated to grow at the highest CAGR during the forecast period. There is a boost in the demand for cabinets owing to the growth of the housing market. This in turn is anticipated to increase the demand for wood coatings used in cabinets. Furthermore, at present, the restoration of old cabinet fuels the requirement for wood coating.

Send Enquiry on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/4672

Key Findings of the Wood Coating Market:

• The waterborne wood coating segment is expected to grow at a significant CAGR of 7.9%, in terms of value, from 2017 to 2023.
• The polyurethane segment is projected to grow at a CAGR of 6.8%, in terms of value.
• The wood coating market in North America is expected to grow at the highest CAGR of 7.9%, in terms of value.
• The Asia-Pacific wood coatings market accounted for more than 54% share in 2016.
• U.S. accounted for more than 56% of the North America market in 2016.

In 2016, Asia-Pacific and Europe collectively accounted for more than 83% of the global wood coating industry, in terms of value. Population in Asia-Pacific and Europe use wood for the construction of the houses. This in turn boosts the consumption of wood coatings. Furthermore, European Union economy experiences significant growth since the euro crisis due to the increase in tourism, growth in employment, promotion of fair trade policies with minimal tariff, increase in industrialization & urbanization, and others.

The major companies profiled in this report are Akzo Nobel N.V, BASF SE, Nippon Paint Holding Co., PPG Industries, Inc., RPM International Inc., The Sherwin Williams Company, The Dow Chemical Company, Valspar Corp., Benjamin Moore & Co., and Hempel A/S.

About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Wood Coating Market Expected to Expand $11,880 Mn by 2023 : Allied Market Research here

News-ID: 1432774 • Views:

More Releases from Allied Market Research

Community Based Tourism Market Expected to Surge to $2136.8 Billion by 2032, Driven by 14.1% CAGR From 2023-2032
Community Based Tourism Market Expected to Surge to $2136.8 Billion by 2032, Dri …
According to a new report published by Allied Market Research, titled, "Community Based Tourism Market Size, Share, Competitive Landscape and Trend Analysis Report by Age, by Traveler Type, by Sales Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032." The report offers an in-depth examination of key investment areas, successful strategies, drivers, opportunities, market size estimations, competitive landscape, and evolving market trends. 𝐓𝐡𝐞 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 𝐛𝐚𝐬𝐞𝐝 𝐭𝐨𝐮𝐫𝐢𝐬𝐦 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭
K-pop Events Market Expected to Surge to $20 Billion by 2031, Driven by 7.3% CAGR From 2022 to 2031
K-pop Events Market Expected to Surge to $20 Billion by 2031, Driven by 7.3% CAG …
According to a new report published by Allied Market Research, titled, "K-pop Events Market by Type (Rock, Jazz, Pop, Others), by Revenue Source (Tickets, Sponserships, Others), by Gender (Male, Female): Global Opportunity Analysis and Industry Forecast, 2021-2031". The report offers an extensive analysis of changing market trends, key segments, top investment pockets, regional scenario, Porter's Five Forces, and competitive scenario. 𝐓𝐡𝐞 𝐤-𝐩𝐨𝐩 𝐞𝐯𝐞𝐧𝐭𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 $𝟖.𝟏 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧
Music Event Market Size Value US$ 481.4 Billion by 2031, with a CAGR of 9.7% Recorded From 2022 to 2031
Music Event Market Size Value US$ 481.4 Billion by 2031, with a CAGR of 9.7% Rec …
𝐓𝐡𝐞 𝐦𝐮𝐬𝐢𝐜 𝐞𝐯𝐞𝐧𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 $𝟏𝟓𝟐.𝟐𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟏 𝐚𝐧𝐝 𝐢𝐬 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 $𝟒𝟖𝟏.𝟒 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟏, 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟗.𝟕% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟐 𝐭𝐨 𝟐𝟎𝟑𝟏. According to a new report published by Allied Market Research, titled "Music Event Market By Revenue Source, By Genre, By Type, By Age Group, By Gender: Global Opportunity Analysis and Industry Forecast, 2021-2031" The report provides a detailed analysis of the
Glamping Market Projected to Worth US$ 7.11 Billion by 2031, Growth Rate (CAGR) of 10.5% From 2022-2031
Glamping Market Projected to Worth US$ 7.11 Billion by 2031, Growth Rate (CAGR) …
According to a new report published by Allied Market Research, titled, "Glamping Market By Application, By Age Group, By Size, By End User, By Distribution Channel, By Product Type: Global Opportunity Analysis and Industry Forecast, 2021-2031". The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. 𝐓𝐡𝐞 𝐠𝐥𝐚𝐦𝐩𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 $𝟐.𝟔𝟖

All 5 Releases


More Releases for Wood

Thermally Modified Wood Market Growth, Opportunity, Forecast, Analysis by Key Pl …
New Jersey, United States,- The exploration study presented then's an excellent compendium of colorful types of analysis of important aspects of the world's marketable Thermally Modified Wood request. Through an intolerably delved analysis and Porter's five forces analysis, it provides a deep explanation of the strengths and sins of the global marketable Thermally Modified Wood request and the other players operating within it. The authors of the report also handed
Global Wood Processing Market | Global Wood Processing Industry: Ken Research
The wood processing market involves of sales of processed wood by several entities (organizations, sole traders and partnerships) that saw measurement lumber, boards, beams, timbers, poles, ties, shingles, shakes, siding, and wood chips from the logs or bolts. This industry also embraces establishments that treat planed, sawed and shaped wood with creosote or other preservers such as alkaline copper quat, copper azole, and sodium borates, to safeguard decay and to
Global Manufactured Wood Materials Market | Global Manufactured Wood Materials I …
The manufactured wood materials market entails of sales of produced wood materials by numerous entities (organizations, sole traders and partnerships) that produce veneer, plywood, engineered wood and reconstructed wood products. Some products established by this industry comprise hardwood and softwood veneer, fabricated and laminated wood arches, wood roof, floor trusses, wood sheets and boards. The manufactured wood materials industry encompasses various natures of procedures cast-off to transform the raw wood
Global Thermally Modified Wood Market 2019 Report Explored by Top Players: Arbor …
Global Thermally Modified Wood Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024 is a detailed research study that helps provides answers and related questions with respect to emerging trends. The report mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the market players as anticipated to face during the forecast period from 2019 to 2024. The report contains details
Global Wood Waxes Market For Particleboard, Wood Coating, Lubrication
Latest industry research report on: Global Wood Waxes Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts. In this report, the global Wood Waxes market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. In addition, drivers, restraints and opportunities, competitive landscape have also been
U.S. Wood Moldings, Wood Flooring, And Other Wood Millwork Products Market. Anal …
IndexBox has just published a new report "U.S. Wood Moldings, Wood Flooring, And Other Wood Millwork Products Market. Analysis And Forecast to 2025" ( http://www.indexbox.co.uk/store/us-wood-moldings-wood-flooring-and-other-wood-millwork-products-market-analysis-and-forecast-to-2020?utm_source=opr ). The report provides on a detailed analysis of the U.S. wood millwork product market. It indicates the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information