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Wood Coating Resins Market Insights 2023, Industry Overview, Growth Factors And Trends Forecast To 2032
Wood Coating Resins Market
Wood Coating Resins Market Size, Growth Rate, And Forecast
The global wood coating resins market size is expected to grow from $3.99 billion in 2022 to $4.23 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The wood coating resins market size is expected to grow to $5.20 billion in 2027 at a CAGR of 5.3%.
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Wood Coating Resins Market Drivers
The rising need to improve furniture aesthetics is expected to propel the growth of the wood coating resin market going forward. Furniture aesthetics refers to a fundamental design element that establishes the attractive features of a design. Wood coating resins help consumers to improve furniture aesthetics and durability of the furniture.
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Wood Coating Resins Market Segments
1) By Resin Type: Epoxy Resin, Amino Resin, Alkyd Resin, Polyurethane Resin, Unsaturated Polyester Resin, Saturated Polyester Resin, Acrylic Resin, Vinyl Resin, Other Resins
2) By Technology: Solvent-Borne Coatings, Powder Coatings, Waterborne Coatings, High Solids Coatings, Radiation Curable Coatings, Other Technologies
3) By Application: Automotive Coatings, Marine & Protective Coatings, Architectural Coatings, General Industrial Coatings, Packaging Coatings, Wood Coatings, Other Applications
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Wood Coating Resins Market Key Players
Major competitors in the Wood Coating Resins market include Arkema SA, Nuplex Industries Limited, Koninklijke DSM NV, Allnex SARL, Synthopol Chemie Dr rer pol Koch GmbH & Co KG, Dynea AS, Polynt Spa, Sirca Spa, IVM Group, Helios Group, DuPont de Nemours Inc., Covestro AG
The Table Of Content For The Wood Coating Resins Market Include:
1. Executive Summary
2. Wood Coating Resins Market Characteristics
3. Wood Coating Resins Market Trends And Strategies
4. Wood Coating Resins Market - Macro Economic Scenario
5. Wood Coating Resins Market Size And Growth
……
27. Wood Coating Resins Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wood Coating Resins Market
29. Wood Coating Resins Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Wood Coating Resins Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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