Wood Paints & Coatings Market, By Resin Type (Acrylic, Nitrocellulose, Epoxy, Polyester, Polyurethane, Others), By Product Type (Stains & Varnishes, Shellac, Wood Preservatives, Water Repellants, Others), By Technology (Water Borne, Solvent Borne, UV Cured), By Application (Furnitures & Fixtures, Doors & Windows, Cabinets, Flooring & Decking, Others), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)
Wood paints & coatings are applied after the wood surface is stained and prepared. The process of applying coatings to a finished wood product is known as wood finishing. Finishing is the last step of the production process and provides desirable characteristics such as moisture and heat resistance, increased durability, and an enhanced appearance of the wood surface. Finishing also helps keep the end product sanitized and easier to maintain.Market Dynamics
The rise in the construction industry has been known to favor the growth of the global wood paints & coatings market in the coming years with the rise in urbanization and higher standard of living. Rising disposable income and increasing spending capacity have been other factors that have been contributing to the expansion of the construction industry, which is further estimated to favor the global wood paints & coatings market growth in the coming years.
The growth of the furniture trade in various countries has been estimated to contribute to the rising demand for wood paints and coatings. Additionally, a higher standard of living, rising disposable income, and increasing spending capacity have been augmenting target market growth across the globe. With the growth of the trading of the furniture industry, wood paints and coatings market is expected to witness high growth over the forecast period. Apart from this, rising industrialization has also led to a rising demand for wood paints and coatings across the globe. Other factors, such as the rise in tourism and increasing investments in infrastructure, are also expected to contribute to the growth of the global wood paints & coatings market.
Key features of the study:
- This report provides in-depth analysis of the global wood paints & coatings market and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global wood paints & coatings market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study BASF SE, Arkema SA, Ashland Inc., RPM International Inc., Hempel A/S, AkzoNobel N.V., Premium Coatings, Chemicals Pvt. Ltd., Nippon Paint Co. Ltd., and Axalta Coatings Systems
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up gradation, market expansion, and marketing tactics
- The global wood paints & coatings market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global wood paints & coatings market.
- Global Wood Paints & Coatings Market, By Resin Type:
- Acrylic
- Nitrocellulose
- Epoxy
- Polyester
- Polyurethane
- Others
- Global Wood Paints & Coatings Market, By Product Type:
- Stains & Varnishes
- Shellac
- Wood Preservatives
- Water Repellants
- Others
- Global Wood Paints & Coatings Market, By Technology:
- Water Borne
- Solvent Borne
- UV Cured
- Global Wood Paints & Coatings Market, By Application:
- Furniture & Fixtures
- Doors & Windows
- Cabinets
- Flooring & Decking
- Others
- Global Wood Paints & Coatings Market, By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Company Profiles
- BASF SE
- Arkema SA
- Ashland Inc.
- RPM International Inc.
- Hempel A/S
- AkzoNobel N.V.
- Premium Coatings
- Chemicals Pvt. Ltd.
- Nippon Paint Co. Ltd.
- Axalta Coatings Systems
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