Wood Coatings Market Demand Is Likely To Surge At A 6.2% CAGR By 2032

The global wood coatings market is expected to continue its upward trend with an estimated value of US$ 9.7 billion in FY 2022, indicating growth from its 2021 valuation of US$ 9.2 billion.

Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Wood Coatings market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Wood Coatings market.

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Key findings of the Wood Coatings market study:

• Regional breakdown of the Wood Coatings market based on predefined taxonomy.
• Innovative manufacturing processes implemented by Wood Coatings vendors in detail.
• Region-wise and country-wise fragmentation of the Wood Coatings market to grasp the revenue, and growth outlook in these areas.
• Changing preferences among consumers across various regions and countries.
• Factors (Positive and Negative) impacting the growth of the global Wood Coatings market.

Key Companies Profiled

• BASF SE
• The Dow Chemical Company
• Nouryon
• Sherwin-Williams Company
• Hempel A/S
• Valspar Corporation

Competitive Landscape

Prominent wood coatings providers are reliant on partnerships, collaborations, acquisitions, and new software launches so as to stay afloat in the global market. Constant innovations to ensure a seamless client-customer relationship are the main focus of prominent market players.

• In Nov 2020, BASF introduced the new Joncryl 953X portfolio with five acrylic dispersions for protective wood grain enhancement. This portfolio will offer sustainable solutions for low to zero VOC levels.
• The Dow chemical company recently introduced the ACRYSOL™ DR-180 Rheology Modifier which is a high-efficiency hydrophobically modified alkali-soluble emulsion (HASE). It offers a partial or complete replacement for hydroxyethylcellulose HEC technology and coupling excellent sag/flow balance with exceptional spray, roller, and brushes application properties for desired performance in contractor quality paints.

Key Segments Covered in the Wood Coatings Industry Survey

• By Product type
o Water Borne
o Solvent-Borne
o Powder

• By Type
o Preservative
o Stain
o Shellac

• By End Use
o Furniture
o Construction
o Marine Applications
o Other End Uses

• By Sales Channel
o Institutional Channels
o Retail Channels
o Sales via Online Channels
o Sales via Home Improvement Stores
o Sales via Hardware Stores
o Sales via Franchised Paints & Coating Stores

• By Region
o North America
o Latin America
o Europe
o Asia Pacific
o Middle East & Africa

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Queries addressed in the Wood Coatings market report:

• Why are the Wood Coatings market players targeting region for increased product sales?
• What patented technologies are the players utilizing in the global Wood Coatings market?
• Which regions are displaying the fastest growth in the Wood Coatings market?
• What are the underlying micro- macroeconomic factors affecting the global Wood Coatings market?

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This release was published on openPR.