Tech Advancements Boost Global Wood Coatings Market Prospects
According to a new market research report launched by Inkwood Research, the Global Wood Coatings Market is anticipated to rise at a CAGR of 4.45% during the forecasting period, 20242032.
Refer to the Report Summary Here: https://inkwoodresearch.com/reports/wood-coatingsmarket/#report-summary
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
The United States wood coatings market is anticipated to record a CAGR of 5.02% during the forecast period, 2024-2032
Here's a link to our Country Report Summary: https://www.inkwoodresearch.com/reports/united-states-wood-coatings-market/
Global Wood Coatings Market Scenario
Wood coatings are products widely used in increasing the life of wood or wood-made structures by protection and refinement. It also helps in enhancing the visual cues of a wooden object, thereby helping in the product’s marketing.
The rise in disposable income of consumers and improvement in the standard of living in developing economies such as India and China are the key factors fueling the demand for modern furniture, thereby driving the wood coatings market. According to the United Nations, World Urbanization Prospects, 2018 Revision, the population in urban areas is expected to increase to 68% by 2050. Thus, the significant demand in the housing and real estate sector is positively affecting the market growth.
However, factors such as stringent environmental rules imposed by the government & other regulatory bodies on the use of volatile organic compounds (VOC) in the production of wood coating hamper the market growth. Also, long-term exposure has been associated with damage to the liver, central nervous system, and kidneys and an increased risk of cancer. Hence, the rise in harmful effects of conventional coatings changes consumer preference, which is anticipated to restrain the market globally.
The Global Wood Coatings Market report provides data tables and includes charts and graphs for visual analysis.
Request a Free Sample Report for the Global Wood Coatings Market by Resin Type, Technology, Application & Geography: https://inkwoodresearch.com/reports/wood-coatingsmarket/#request-free-sample
Market Segmentation
Market by Resin Type:
Nitrocellulose
Polyurethane
Polyester
Acrylic
Other Resin Types
Market by Technology:
UV-Cured
Water-Borne
Powder Coatings
Solvent-Borne
Market by Application:
Doors and Window
Furniture and Fixture
Cabinet
Floor
Deck
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Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2032, using estimated market values as the base numbers
- Key market trends across the business segments, regions and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2032
Companies Profiled
NIPPON PAINT HOLDINGS CO LTD
PPG INDUSTRIES INC
ASIAN PAINTS
THE SHERWIN-WILLIAMS COMPANY
RPM INTERNATIONAL INC
DIAMOND PAINTS
AXALTA COATING SYSTEMS LLC
BASF SE
KANSAI HELIOS
AKZO NOBEL NV
EASTMAN CHEMICAL COMPANY
TEKNOS GROUP
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