Development in Technology will propel the Global Wood Coatings Market

According to a new market research report launched by Inkwood Research, the Global Wood Coatings Market is anticipated to rise at a CAGR of 6.51% in terms of value and 6.04% in terms of volume during the forecasting period, 2022-2030.

Browse 76 market data Tables and 52 figures spread over 224 Pages, along with an in-depth analysis on Global Wood Coatings Market by Resin Type, Technology, Application & by Geography

Refer to the Report Summary Here: https://inkwoodresearch.com/reports/wood-coatings-market/#report-summary?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=InkwoodPR

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.

The Malaysia wood coatings market is projected to register a CAGR of 7.04% in terms of revenue and 6.01% in terms of volume during the forecast period, 2022-2028.
Here's a link to our Country Report Summary: https://inkwoodresearch.com/reports/malaysia-wood-coatings-market/

Global Wood Coatings Market Scenario

Wood coatings are products widely used in increasing the life of wood or wood-made structures by protection and refinement. It also helps in enhancing the visual cues of a wooden object, thereby helping in the product's marketing.

The rise in disposable income of consumers and improvement in the standard of living in developing economies such as India and China are the key factors fueling the demand for modern furniture, thereby driving the wood coatings market. According to the United Nations, World Urbanization Prospects, 2018 Revision, around 55% of the world population lived in urban areas, and is expected to increase to 68% by 2050. Thus, the significant demand in the housing and real estate sector is positively affecting the market growth.

However, factors including the government's and other regulatory organizations' strict environmental regulations on the use of volatile organic compounds (VOC) in the manufacture of wood coating hinder the market's growth. Extended exposure has also been linked to harm to the kidneys, liver, and central nervous system, as well as an elevated risk of cancer. Because of this, consumers' preferences are changing due to the growing negative consequences of traditional coatings, which is expected to limit the worldwide market.

The Global Wood Coatings Market report provides data tables and includes charts and graphs for visual analysis.

Request Free Sample Report for Global Wood Coatings Market by Resin Type, Technology, Application & by Geography: https://inkwoodresearch.com/reports/wood-coatings-market/#request-free-sample

Market Segmentation

Market by Technology
• Conventional Solvent Borne
• Waterborne
• High Solid Solvent Borne
• Radiation Cured
• Powder Coating
• Other Technologies

Market by Resin Type
• Unsaturated Polyester
• Nitrocellulose
• Polyurethane
• Acrylics
• Other Resin Types

Market by Application
• Interior Applications
o Flooring
o Other Interior Projects
• Furniture
• Exterior Applications
o Decking & Siding
o Fences & Sheds
• Joinery
• Other Applications

Report Highlights
- The report provides a detailed analysis of the current and future market trends, to identify the investment opportunities
- Market forecasts till 2030, using estimated market values as the base numbers
- Key market trends across the business segments, regions and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2030

Companies Profiled
• DOW CHEMICALS
• THE SHERWIN-WILLIAMS COMPANY
• EASTMAN CHEMICAL COMPANY
• PPG INDUSTRIES INC
• MINWAX COMPANY
• KAPCI COATINGS
• AKZONOBEL NV
• NIPPON PAINT HOLDINGS CO LTD
• BASF SE
• AXALTA COATING SYSTEMS
• BENJAMIN MOORE & CO
• RPM INTERNATIONAL INC
• ICA GROUP
• KANSAI PAINT CO LTD

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