The
global wood coatings market is subject to witness a substantial growth due to the
growing demand from housing market and retail sector. Growing demand of wood
coatings from housing market is credited to booming buildings &
construction industry, thus driving market growth over the forecast period.
Additionally,
increasing benefits of wood coatings over other coatings such as metal,
polyuria coating, and plastic coating are expected to fuel the growth of the
market in upcoming years. Globally, the market is predicted to generate massive
revenue over next seven years, providing numerous opportunities for market
players to invest for research and development in the wood coating market.
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Growing
popularity of wood coatings in marine applications to build decks, rooftops and
doors are anticipated to boost market growth. Increasing adoption of wood
coatings in manufacturing of structural panels is likely to drive market
expansion. However, higher cost of wood coatings in comparison with the other
types of coats are substantially hampering market growth. Increasing demand of
the wood coatings form automotive industry for applications such as automotive
flooring are anticipated to expand market reach of wood coatings sheet industry
during the forecast period.
Application
of wood coatings include building & construction industry, automotive sector,
housing market, marine industry, and interior design industry. These wide range
applications of wood coatings sheet are expected to amplify growth of wood
coatings industry in upcoming years. Easy availability of wood in regions where
forest resources and wood plantations are in abundant amount, particularly in
Asia-Pacific region, are offering lucrative growth opportunities for market
players in the wood coatings industry.
PU-based
wood coatings are gaining popularity on various industry verticals owing to
their capability to strengthen wood-based substrates–providing color and
protection. Polyurethane based-wood coatings offer advantages such as
high-performance capability, lasting surface finish, quality chemical, solvent
and scratch resistance, resistance to UV light damage, general wear-and-tear,
and extreme temperature variations. Wood coatings also provide excellent
sanding, multi-coat, rubbed, and buffed finish applications.
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Market Segment:
This report focuses on the top
manufacturers' Wood Coatings capacity, production, value, price and market
share of Wood Coatings in global market. The following manufacturers are
covered in this report:
•
Akzo Nobel
•
Asian Paints
•
BASF SE
•
Berger Paints India
•
Kansai Nerolac Paints
•
Nippon Paint Holdings
•
PPG Industries
•
RPM International
Wood Coatings Production Breakdown Data
by Region
•
United States
•
Europe
•
China
•
Japan
•
Other Regions
Key questions answered in the report
include
1
What will be the market size in 2025?
2
How will the market change over the forecast period and what will be the market
size in 2025?
3
What are the drivers and restraint associated with the market and how will
these factors affect the dynamics over the forecast period?
4
What are the growth areas within the market space and where should a
participant focus to get maximum ROI?
5
How is the market sub-categorized and which are the leading segments?
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