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Wood Coating Market is projected to expand at a steady CAGR over the forecast by 2031 | Key Players: BASF SE, DowDuPont Inc., Eastman Chemical Company, Kansai Paint Co., Ltd., Nippon Paint Holdings Co., Ltd.
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Key Trends
There are several key trends in wood coating technology. One is the development of more durable and weather-resistant finishes. This is being driven by the need for products that can better withstand the elements and the wear and tear of daily use. Another trend is the use of more environmentally-friendly finishes. This is in response to consumer demand for products that are less harmful to the environment. Additionally, there is a trend toward using more natural and renewable resources in the production of wood coatings. This is in line with the general trend toward sustainable and green products.
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Key Drivers
Some of the key drivers of the wood coating market include the growing construction industry, the need for eco-friendly and sustainable products, the increasing preference for wood furniture, and the growing awareness about the benefits of wood coatings.
The need for eco-friendly and sustainable products is another driver of the wood coating market, as these products are made from renewable resources and do not emit harmful pollutants into the environment.
The increasing preference for wood furniture is also driving the wood coating market, as people are increasingly opting for wood furniture over other types of furniture.
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Key Market Segments
The wood coating market bifurcated on the basis of resin type, technology, end use, and region. On the basis of resin type, it is segmented into polyurethane, acrylics, nitrocellulose, and others. By technology, it is divided into waterborne, powder coating, radiation cured, and others. By end use, it is analyzed across furniture, joinery, flooring, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Market Players
The wood coating market report includes players such as AKZO NOBEL N.V, Axalta Coating Systems, BASF SE, DowDuPont Inc., Eastman Chemical Company, Kansai Paint Co., Ltd., Nippon Paint Holdings Co., Ltd., PPG Industries Inc., RPM International Inc., and The Sherwin-Williams Company.
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