Global Wood Preservative Coatings Market: APEJ Anticipated to Emerge as the Most Attractive Regional Market in Terms of CAGR and Market Share During 2017 - 2027

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Wood preservative coatings manufacturers and wood working manufacturers work closely to cater to the increasing demand for protective coatings from end users such as construction and furniture industries. Wood preservative coatings manufacturers are vertically integrated – either backward integration or forward integration. An emerging trend in the global wood preservative coatings market is a shift from solvent-borne to water-borne coatings.

The strict regulations for VOCs and other HAPs is a major force for the adoption of water-borne type of coatings. Our analysts have examined the global wood preservative coatings market in detail and have published the key findings in a new report titled “Wood Preservative Coatings Market: Global Industry Analysis and Opportunity Assessment, 2017-2027.” During our research, we have observed that the wood preservative coatings market in the APEJ region accounts for a relatively high revenue share and is anticipated to witness rapid growth over the forecast period due to the favourable manufacturing conditions and vast opportunities in the region. It has also been observed that companies can capitalise on opportunities in Asia Pacific by offering cost-effective and high solids type of wood coatings. In the Asian region, new entrants in the market should focus on offering wood preservative coatings with higher flexibility across various applications, as this can offer them an advantage over the existing players.

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While studying the different market segments we have found that solvent-borne coatings currently dominate the wood preservative coatings market because of their technical advantages; however, the preservatives segment is likely to dominate the market both in terms of value and volume in the coming years owing to its importance in protecting wood from decay besides offering interior and exterior protection. Among the end-use segments, the furniture industry consumes more than one-third of wood preservative coatings and is expected to remain dominant over the period of forecast.

Analysis of various factors impacting the Global Wood Preservative Coatings Market

Rise in construction: Global wood preservative coatings market will grow with a rise in demand for housing and commercial projects
Safeguarding forestry, plantation of monocultures and mixed cultures: Dense forestry and organised production of lumber influences wood preservative coatings sales volume
Furniture industry: Growth of furniture industry is indirectly proportional to wood preservative coatings market revenue
Plastics as substitute to wood: Cost-effective solutions offered by plastic products influences the wood preservative coatings market
Rise in sustainable wood coatings: Rise in eco products adoption increases the demand for wood preservative coatings
Raw material supply: Fluctuations in raw material prices affects the wood preservative coatings market
Regional recession and economic issues: Fall in economic conditions creates imbalance in the trade, which also affects the sales of wood preservative coatings
Rise in custom wood products: Rise in customisation and protective measures for wood products impacts the wood preservative coatings market

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Company share analysis
The global wood preservative coatings market is highly fragmented. Akzo Nobel N.V., BASF SE and The Dow Chemical Company constitute a major share in the global wood preservative coatings market together contributing more than 30% value share. Companies such as The Sherwin-Williams Company, PPG Industries, Inc. and Valspar Corporation contribute around 21% share to the global wood preservative coatings market. Other local and regional players such as HMG Paints Limited, Bergolin GmbH & Company KG, Chugoku Marine Paints, Ltd., Morrells Wood Finishes etc. hold around 30% market share.

Research Methodology

We have taken a systematic research approach while inspecting this market. In-depth secondary research is used to arrive at overall market size, top industry players, top products and industry associations. Our analysts have formulated a detailed discussion guide in order to conduct expert and industry interviews with experts, industry players, distributors and retailers. Data is validated using the triangulation method, wherein primary and secondary research data along with Future Market Insights’ analysis contribute to the final data.

Market analysis has been done in terms of Basis Point Share and Y-o-Y growth projections for all segments of the global wood preservative coatings market. Market attractiveness analysis and market size and value of each segment has been incorporated in the report. Factors such as production capacity, consumption capacity, wood coatings market industry growth and wood preservative coatings market industry growth have been considered while examining this market. For each system type, weighted average selling price (ASP) has been considered to deduce market values. Average selling price varies by system type and is varied for Chinese, regional and global players. Top-down approach has been used to assess market numbers for each category, while bottom-up approach has been used to counter validate the market estimations.

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