Global Wood Coatings Market 2024-2028
The wood coatings market is forecasted to grow by USD 3624.9 mn during 2023-2028, accelerating at a CAGR of 5.27% during the forecast period. The report on the wood coatings market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for wood coatings from developing countries, advancements in coating technology, and growing demand for high-performance wood coatings.
Technavio's wood coatings market is segmented as below:
By Product
- Stains and varnishes
- Wood preservatives
- Shellacs
- Others
By Technology
- Solvent-based
- Water-based
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the focus on circular economy and recycling principles as one of the prime reasons driving the wood coatings market growth during the next few years. Also, integration of iot and smart manufacturing in wood coatings and rising product launches by market vendors will lead to sizable demand in the market.
The report on the wood coatings market covers the following areas:
- Wood coatings market sizing
- Wood coatings market forecast
- Wood coatings market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wood coatings market vendors that include Akzo Nobel NV, Arkema Group, Axalta Coating Systems Ltd., BASF SE, Benjamin Moore and Co., Berger Paints India Ltd, Cabot Corp., Dow Chemical Co., Hempel AS, Heubach GmbH, Jotun AS, Kansai Paint Co. Ltd., KAPCI Coating, MAS Paints, NATIONAL PAINTS FACTORIES CO. LTD, Nippon Paint India Pvt. Ltd., PPG Industries Inc., Ritver, RPM International Inc., Teknos Group Oy, The Sherwin Williams Co., and Tikkurila OYJ. Also, the wood coatings market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.