Press release
Globally Increasing Furniture Production Drives the Wood Coating Market
Wood Coatings Market
๐๐ข๐๐ฐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.factmr.com/report/4538/wood-coatings-market
Widespread urbanization has impelled housing demand, enhancing sales of different furniture grades, and ultimately spurring the adoption of wood coatings.
As per historical data, sales of wood coatings expanded at a CAGR of 5%, reaching US$ 9 Bn by the end of the 2016-2020 period. As the service sector expands, a substantial portion of the population is relocating to new locations, fueling the creation of hostels, co-living spaces, guest houses, and government buildings. This is expected to raise demand for a wide range of furniture products.
The wood coating market is estimated to grow with technological advancements as well as a large demand for low VOC coatings. The recovery of the global economy would also boost the demand for wood coatings.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.factmr.com/connectus/sample?flag=S&rep_id=4538
๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐๐ซ๐จ๐ฆ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ
โข Global wood coating market to add 1.8x the value in 2031 compared to 2021
โข By end use, furniture to emerge key application area, seeing a CAGR exceeding 6% through 2031
โข Solvent-borne wood coatings to account for 66% of total demand until 2031
โข Powder-based wood coatings to account for 1/3rd of global demand
โข Around 2 out of 5 wood coatings sales to happen across the U.S market
โข Wood coatings sales in Europe likely to register a CAGR of 5% across the forecast period
โข East Asia to account for nearly a quarter of the global wood coatings demand
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐จ๐ ๐ฐ๐จ๐จ๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ -
Wood coating manufacturers are expanding the market through a mix of innovation and awareness. As a result of a flourishing housing industry, wood finish manufacturers continue to experience good growth.
Demand for wood coatings is expected to maintain pace with growing supplier business activities, high-gloss interior design preferences, and customer purchasing power.
Top competitors like BASF SE, The Dow Chemical Company, Nouryon, Sherwin-Williams Company, Hempel A/S., and Valspar Corporation are purchasing top shares.
Companies are taking advantage of possibilities in the Asia Pacific. Recently, the industry has seen an expansion in manufacturing capacity to build on its existing history in the field of wood coatings and paints.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐๐จ๐ซ ๐๐จ๐จ๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ:
โข The wood coating market analysis covers in-depth information on major industry participants
โข Wood coatings market size has been analyzed across all regions
โข Porter's five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy-building
โข The report outlines the current wood coatings market trends and future scenarios of the wood coatings market size from 2017 to 2025 to understand the prevailing opportunities and potential investment pockets. The market is forecasted for 2020-2025
โข Major countries in the region have been mapped according to their revenue contribution to the regional market
โข The key drivers, restraints, and wood coatings market opportunities and their detailed impact analyses are elucidated in the study
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Sales Team : sales@factmr.com
Follow Us: LinkedIn | Twitter | Blog
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Globally Increasing Furniture Production Drives the Wood Coating Market here
News-ID: 3532908 • Views: โฆ
More Releases from Fact MR
Ethylene Acrylic Acid (EAA) Copolymers Market Size to Reach US$ 601 million by t โฆ
The global ethylene acrylic acid (EAA) copolymers market is indeed expected to show significant growth in the coming years. Estimates suggest the market is currently valued at around US$ 332 million, and is poised to reach US$ 601 million by the end of 2032. This translates to a compound annual growth rate (CAGR) of around 6.1%.
Download Free Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7925
Rising focus on sustainability is expected to beโฆ
Industrial Catalyst Market Forecasts a Commanding 63.4% Market Share for the Het โฆ
A crucial driver in the industrial catalyst market is the evolution of regulatory standards and environmental policies. Governments worldwide are enforcing stringent regulations aimed at reducing emissions and promoting sustainable manufacturing practices. This push for cleaner production methods is steering industries toward adopting catalysts that enable efficient conversion processes, emission reduction, and the use of eco-friendly materials. The global industrial catalyst market size is estimated at US$ 22,345.8 million inโฆ
Top Most Leading Region & Prominent Players in the Carbon Fiber Resin Market
Some of the prominent players in the carbon fiber resin market are ESE Industries, Huntsman Corporation, Alpha Owens-Corning, Hexion Inc., Ashland Inc., BASF SE, etc, And North America tops the global carbon fiber resin market accounting for 31.5% of the global market share in 2022.
The carbon fiber resin market value will reach US$ 2,377 Mn during the forecast period (2022-2032), with sales predicted to increase at a high 15.3% CAGR.โฆ
Energy-efficient Green Buildings Paving Way for Hydraulic Hose Market
Green buildings reduce their energy use and make effective use of the energy they have to meet their requirements. The type, size, and adaptability of hydraulic hoses will determine the investment decision. Furthermore, the market is expected to grow as a result of new developments in hydraulic hoses. The market is being driven by the rising need for modernization and enhanced infrastructural services.
The ๐ ๐ฅ๐จ๐๐๐ฅ ๐ก๐ฒ๐๐ซ๐๐ฎ๐ฅ๐ข๐ ๐ก๐จ๐ฌ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐ข๐ณ๐ is valuedโฆ
More Releases for Wood
Thermally Modified Wood Market Growth, Opportunity, Forecast, Analysis by Key Pl โฆ
New Jersey, United States,- The exploration study presented then's an excellent compendium of colorful types of analysis of important aspects of the world's marketable Thermally Modified Wood request. Through an intolerably delved analysis and Porter's five forces analysis, it provides a deep explanation of the strengths and sins of the global marketable Thermally Modified Wood request and the other players operating within it. The authors of the report also handedโฆ
Global Wood Processing Market | Global Wood Processing Industry: Ken Research
The wood processing market involves of sales of processed wood by several entities (organizations, sole traders and partnerships) that saw measurement lumber, boards, beams, timbers, poles, ties, shingles, shakes, siding, and wood chips from the logs or bolts. This industry also embraces establishments that treat planed, sawed and shaped wood with creosote or other preservers such as alkaline copper quat, copper azole, and sodium borates, to safeguard decay and toโฆ
Global Manufactured Wood Materials Market | Global Manufactured Wood Materials I โฆ
The manufactured wood materials market entails of sales of produced wood materials by numerous entities (organizations, sole traders and partnerships) that produce veneer, plywood, engineered wood and reconstructed wood products. Some products established by this industry comprise hardwood and softwood veneer, fabricated and laminated wood arches, wood roof, floor trusses, wood sheets and boards. The manufactured wood materials industry encompasses various natures of procedures cast-off to transform the raw woodโฆ
Global Thermally Modified Wood Market 2019 Report Explored by Top Players: Arbor โฆ
Global Thermally Modified Wood Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024 is a detailed research study that helps provides answers and related questions with respect to emerging trends. The report mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the market players as anticipated to face during the forecast period from 2019 to 2024. The report contains detailsโฆ
Global Wood Waxes Market For Particleboard, Wood Coating, Lubrication
Latest industry research report on: Global Wood Waxes Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts.
In this report, the global Wood Waxes market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
In addition, drivers, restraints and opportunities, competitive landscape have also beenโฆ
U.S. Wood Moldings, Wood Flooring, And Other Wood Millwork Products Market. Anal โฆ
IndexBox has just published a new report "U.S. Wood Moldings, Wood Flooring, And Other Wood Millwork Products Market. Analysis And Forecast to 2025" ( http://www.indexbox.co.uk/store/us-wood-moldings-wood-flooring-and-other-wood-millwork-products-market-analysis-and-forecast-to-2020?utm_source=opr ).
The report provides on a detailed analysis of the U.S. wood millwork product market. It indicates the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful informationโฆ
