Wood protection coating is usually employed for the protection and enhancement of wood or wood made products. It increases product life as well as improves the visual cues of the object. Wood protection coatings are preservatives that help to make the product fire and water-resistant. The product has been exploited in furniture and flooring, art and decoration, construction, music instruments, and sports equipment industries due to its various benefits.
MARKET DYNAMICS
With the improvement in living standards coupled with increasing disposable incomes as well as the rising housing construction activities, the demand for furniture, such as table, chairs, bed, sofa, wooden shelves, and cupboard, has been increasing considerably. Moreover, the population is escalating across the globe. A considerable proportion of the population is relocating to new locations, which is propelling the trend of hostels, guest houses, co-living, and official premises. Also, the housing and real estate market is witnessing substantial growth, which is positively influencing the demand for wood protection coating products and is expected to amplify the market expansion.
MARKET SCOPE
The "Global Wood Protection Coating 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 wood protection coating market with detailed market segmentation by resin type, technology, application and geography. The global wood protection coating market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading wood protection coating market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global wood protection coating market is segmented on the basis of resin type, technology, and application. On the basis of resin type, wood protection coating market is classified into acrylic, nitrocellulose, polyester, polyurethane, and others. On the basis of technology, market is segmented into water-borne, solvent borne, and UV-cured. On the basis of application, market is segmented into furniture and fixtures, doors and windows, cabinets, 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 wood protection coating market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The wood protection coating 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 wood protection coating 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 wood protection coating market in these regions.
MARKET PLAYERS
The reports cover key developments in the wood protection coating 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 wood protection coating market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the wood protection coating market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wood protection coating 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
- Axalta Coating Systems
- BASF SE
- Dow, Inc.
- Eastman Chemical Company
- IVM Chemicals SRL
- Kansai Paint Co.,Ltd.
- NIPSEA GROUP
- PPG Industries
- 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.