Wood Coatings Market - Industry Trends and Forecast to 2028

The Global Wood Coatings Market Growth at a rate of 8.60% in the forecast period 2022 to 2028

The Global Wood Coatings Market Size

The wood coatings market is segmented on the basis of resin type, formulating technology, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

On the basis of coating type, the wood coatings market is segmented into stains and varnishes, shellac, wood preservatives, water repellents, and others.
On the basis of application method, the wood coatings market is segmented into roll coating and brush coating, vacuum coating, spray coating, and others.
On the basis of end-user, the wood coatings market is segmented into furniture, cabinets, siding, flooring and decking, and others.

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Market Analysis and Insights - Global Wood Coatings Market

The wood coatings market is expected to witness market growth at a rate of 8.60% in the forecast period of 2021 to 2028 and is expected to reach USD 3,654.70 million by 2028. Data Bridge Market Research report on the wood coatings market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the urbanized population is escalating the growth of the wood coatings market.

Wood coating's basic application is to shield the surface of the substrate and to reserve its qualities, daily wear, and tear looks against the environment and the natural decay. It is also applied to improve the appearance of the substrate. There are various techniques of its application like rolling, dipping, spraying, brushing, curtain coating, manual application, and so forth. The product utilized for coating is shellac, wax, conversion varnish, nitrocellulose lacquer, water-based polyurethane, polyurethane varnish, and the oil wood finishes.

Major factors that are expected to boost the growth of the wood coatings market in the forecast period are the retrieval of the worldwide economy. Furthermore, the rise in the protective coating industry is further anticipated to propel the growth of the wood coatings market. Moreover, the increase of the new constructions and the renovations and remodelling is further estimated to cushion the growth of the wood coatings market. On the other hand, the prolonging of recession is further projected to impede the growth of the wood coatings market in the timeline period.

In addition, the development of new product advancements and technologies will further provide potential opportunities for the growth of the wood coatings market in the coming years. However, the rise in the alertness regarding the advantages of wood coating might further challenge the growth of the wood coatings market in the near future.

This wood coatings market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the wood coatings market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.

Global Wood Coatings Market Country Level Analysis

The wood coatings market is analysed, and market size, volume information is provided by country, resin type, formulating technology, and application as referenced above.

The countries covered in the wood coatings market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of the Middle East and Africa (M.E.A.) as a part of the Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the wood coatings market due to the rise in the need for wood coatings from the advancing application sectors, containing furniture, joinery, flooring, and others. Furthermore, the benefits of wood coatings like enduring surface finish, solvent and scratch resistance, resilience to U.V. light damage, resistance to general wear and tear, quick-drying, superior sanding, and multi-coat and smooth finish application will further boost the growth of the wood coatings market in the region during the forecast period.

Global Wood Coatings Market Share Analysis

The wood coatings market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the wood coatings market.

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Key Players Global Wood Coatings Market

The major players covered in the wood coatings market report are BASF SE, Akzo Nobel N.V., Dow, The Sherwin-Williams Company, P.P.G. Industries, Inc., Kansai Paint Co., Ltd., Jotun, Arkema, Nippon paint (India) Private Limited., R.P.M. International Inc, Hempel A/S, Berger Paints India Limited, DSM, Covestro AG, Huntsman International LLC, Wacker Chemie AG, Wanhua, DIC CORPORATION, ALLNEX GMBH, and Evonik Industries AG, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (M.E.A.), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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