Resurgence in residential construction activities and continuance in maintenance work for wood finishing and furniture will propel the wood coatings market to reach a value pool of near US$ 17 Bn by the end of the forecast period (2019-2027). Further, demand for new coatings in construction-related applications will be the primary factor accelerating market growth through 2027. Wood coatings will achieve significant value gains in interior wood applications such as wooden cabinets and wooden flooring. Water-based coatings account for a majority share in the global wood coating market. Concerns around the release of volatile organic compounds has led to a gradual shift toward water-based coating in applications such as furniture, decking and sliding. On this premise, the global wood coatings market is projected to grow at a CAGR of over 6%

Key Takeaways of Wood Coatings Market Study

The trend of water-based coatings is significant in the North American wood coatings market. The increasing awareness among consumers about the usage of eco-friendly coating products is prevailing. Also, UV wood coatings are being used for industrial applications, owing to their fast curing and high production efficiency

China is currently leading the wood coatings market in the Asia Pacific region. The prime factor for growth lies in its openness to take in new entrants and investors to set up plants and factories there
A shift in consumer preferences for the adoption of eco-friendly coatings aids in driving the market of water-based coatings
Furniture segment will witness significant demand gains through 2027, and will see a growth over 6% per annum by end of forecast period
East Asia to maintain hegemony in the global wood coating market with more than one fourth share owing to increasing construction activities and growth in household maintenance activities

You can Request an Example Copy from here - https://www.factmr.com/connectus/sample?flag=S&rep_id=4538

Manufacturers Leveraging Sustainable & Eco-Friendly Coatings for Increasing Sales

The global wood coatings market is consolidated in nature. Wood coating manufacturers and woodworking manufacturers work closely to cater to the increasing demand for protective coatings from end-users, such as construction, furniture, etc. Wood products manufacturers are now moving to high-performance water-based coatings with a range of curing processes under pressure to reduce pollution and meet shortened lead times. Companies can capitalize on opportunities in Asia Pacific by offering cost-effective and high solids type of wood coatings.

Find More Valuable Insights on the Market

Fact.MR, in its new offering, provides an unbiased analysis of the global market for wood coatings, with historical data on demand (2013-2018) and expected projections for the period 2019-2027. The report discloses compelling insights into the demand for wood coatings on product type (Water-based, Solvent-based, and Powder) coating type (Preservatives, Stains, Varnishes, Shellacs, Others (Oil, Wax, etc.)) end use (Furniture, Construction, Marine, and others) and sales channel (Institutional Sales, Retail Sales, Online Channels, Home Improvement Stores, Hardware Stores,  and Franchised Paints & Coating Stores), across several major regions.

Ask Industry Professional about Report – https://www.factmr.com/connectus/sample?flag=AE&rep_id=4538

About the Chemicals & Materials Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the Chemicals & Materials team at Fact.MR helps clients from all over the globe with their unique business intelligence needs across the value chain. With an exhaustive database of over 1,000 reports and 1 million plus data points, the team has analyzed a number of chemicals and materials lucidly in 50+ countries for over a decade. The chemicals & materials team at Fact.MR assists clients in their business expansion as well as new ventures, through hawk-eyed analysis and strategic recommendations.

About FactMR

FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact:

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai, United Arab Emirates
MARKET ACCESS DMCC Initiative
Email: [email protected]
Web: https://www.factmr.com/