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Wood Coating Global Market By Resin Type, By Technology, By Application, By End User, Opportunity Analysis and Industry Forecast,2023-2032 | Akzo Nobel NV, Axalta Coating Systems, BASF SE, Diamond Vogel, ICA Group
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Wood Coating Market Size, Growth Rate, And Forecast
The global wood coating market size grew from $10.13 billion in 2022 to $10.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. 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 market size is expected to grow to $14.32 billion in 2027 at a CAGR of 7.1%.
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Wood Coating Market Drivers
The rise in the construction of new homes and house modifications are expected to propel the growth of the wood coating market. The rising demand for housing is increasing due to increasing population, rapid urbanization, economic/infrastructure development, favorable government policies/schemes for housing, and others.
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Wood Coating Market Segments
• By Type: Preservative Wood Coatings, Stain Wood Coatings, Shellac Wood Coatings
• By Product Type: Water Borne Wood Coatings, Solvent-Borne Wood Coatings, Powder Wood Coatings
• By Application: Furniture, Cabinets, Siding, Flooring, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Wood Coating market.
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Wood Coating Market Key Players
Major players in the Wood Coating market are Akzo Nobel NV, Axalta Coating Systems, BASF SE, Benjamin Moore & Co Inc., Brillux GmbH & Co KG, Diamond Vogel, ICA Group, IVM Chemicals SRL, Jotun, Kansai Paint Co Ltd., KAPCI Coatings, Drywood Coatings BV, Helios Coatings GmbH and Hempel A/S.
The Business Research Company's "Global Wood Coating Market Report 2023" is a compreWood Coatingsive 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.
The Table of Content for The Wood Coating Market Include:
1. Executive Summary
2. Wood Coating Market Characteristics
3. Wood Coating Market Trends And Strategies
4. Wood Coating Market - Macro Economic Scenario
5. Wood Coating Market Size And Growth
.....
26. Africa Wood Coating Market
27. Wood Coating Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wood Coating Market
29. Wood Coating Market Future Outlook and Potential Analysis
30. Appendix
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