Wood coatings are made by combining different layers of shellac, drying oil, varnish and shellac etc. The waterborne wood coatings are developed from a wide range of resins that include acrylic, polyester, waterborne powder etc. Water is added to these coatings that enable the resin to get dispersed easily. These waterborne coatings are applied on the wood surface that protect and enhance the appearance. The water content present in these coatings makes them easy to apply and environment friendly as well. The consistency and composition of these coatings vary and different solvents can be added to them.
MARKET DYNAMICS
The growth in urbanization in emerging economies like Europe, Asia Pacific and Latin America drives the growth of waterborne wood coatings market. Besides this, rise in the production of wooden artefacts and decorative items also drive the market growth. However, the low drying rate at high humidity restrict the fruitful development of the waterborne wood coatings market. The government regulations to reduce the volatile organic compounds and emission along with product innovations are expected to boost the growth of the waterborne wood coatings market in the near future.
MARKET SCOPE
The "Global Waterborne Wood Coatings Market Analysis to 2028"? is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the waterborne wood coatings market with detailed market segmentation by resin type, application and geography. The global waterborne wood coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading waterborne wood coatings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global waterborne wood coatings market is segmented on the basis of resin type and application. On the basis of resin type, the waterborne wood coatings market is segmented into polyurethane, acrylic, nitrocellulose, unsaturated polyester and others. As per application the market is broken into furniture, joinery, flowing and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global waterborne wood coatings market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The waterborne wood coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the waterborne wood coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the waterborne wood coatings market in these regions.
MARKET PLAYERS
The reports cover key developments in the waterborne wood coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from waterborne wood coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for waterborne wood coatings market in the global market. Below mentioned is the list of few companies engaged in the waterborne wood coatings market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the waterborne wood coatings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Akzo Nobel N.V
- Asian Paints Limited
- Axalta Coating Systems
- BASF SE
- Kansai Paint Co. Ltd.
- Nippon Paint Holdings Co. Ltd.
- PPG Industries Inc.
- RPM International Inc.
- The Dow Chemical Company
- The Sherwin-Williams Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.