Global Wood Coatings Market Estimated to Reach US$ 17,595.4 Mn by 2025

Transparency Market Research has published a new report titled “Wood Coatings Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025. According to the report, the global wood coatings market was valued at US$ 8,629.5 Mn in 2016 and is estimated to reach US$ 17,595.4 Mn by 2025, expanding at a CAGR of 8.3% between 2017 and 2025.

Browse the full report at@ http://www.transparencymarketresearch.com/wood-coating-market.html

Wood coating products improves the appearance of wooden structures by providing depth and warmth to the structures. The usage of wooden coatings varies depending upon the applications. The recent recovery of the housing industry across the world is propelling the global wood coatings market. The rise in construction of new homes and the house modifications are factors driving the wood coatings market.

Global wood coatings market has been classified as resin, product, technology, application and geography. The resin segment of global wood coatings market is categorized into polyurethane, acrylics, melamine formaldehyde, nitrocellulose, and others. The product segment of the wood coatings market is classified as stains & varnishes, shellacs, lacquers, and others. The technology segmentation covers oil based wood coatings, water based wood coatings and also solvent based wood coatings. The wood coatings market, by application has been categorized into furniture, cabinets, side & deck, and others.

In terms of market share as well as growth potential, Asia Pacific dominated the global Wood Coatings market in 2016, contributing over 40% of revenue market share. In the next few years, Asia Pacific is likely to remain an attractive market for wood coatings. Rising demand for attractive furniture and maintenance and repair of the same are factors expected to augment the demand for wood coatings in the region in the near future. The wood coatings market in North America is driven by the increase in demand for side & deck in the construction industry. Stringent regulations in Europe associated with the emission of volatile organic compounds are projected to boost the demand for wood coatings in the region in the next few years. Latin America and Middle East & Africa are estimated to witness high demand for wood coatings in the near future.

Asia Pacific, with significant contribution from China dominated the global wood coatings market in 2016. Rapid urbanization is fuelling the wood coatings market in China. Demand from the furniture market and availability of resins such as polyurethane and acrylic are anticipated to have a significant influence on the wood coatings market in India. The demand for wooden furniture and coatings is rising in Japan, as it is prone to natural calamities such as earth-quakes. In Europe, Germany held the dominant position for the wood coatings market. France, Italy, Spain, and the U.K. collectively constituted a significant share in the wood coating market in 2016. Innovation in wood coating products and the increasing consumer demand for specialized & sustainable coating solutions are driving the wood coating market in Europe.

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In Latin America, Brazil accounted for a significant share owing to the new house buildings and increasing middle class income in the country. Key countries for the wood coatings market in Middle East & Africa include the GCC, South Africa, and the rest of Middle East & Africa. The wood coating market in the GCC remains highly attractive due to the construction activities in the region owing to the increasing new housing and the nature of emerging economies in Middle East & Africa

Major players in the Wood Coatings market comprise Akzo Nobel N.V, BASF SE, Nippon Paint Holding Co., Ltd, PPG Industries, Inc., RPM International Inc., The Sherwin Williams Company, and The Dow Chemical Company

The global Wood Coatings market has been segmented as follows:

Wood Coatings Market – Resin Analysis

  • Polyurethane

  • Acrylics

  • Melamine Formaldehyde

  • Nitrocellulose

  • Others

Wood Coatings Market – Product Analysis

  • Stains & Varnishes

  • Shellacs

  • Lacquers

  • Others

Wood Coatings Market – Technology Analysis

  • Oil based

  • Water based

  • Solvent based

Wood Coatings Market – Application Analysis

  • Furniture

  • Cabinets

  • Side & Deck

  • Others

Wood Coatings Market – Regional Analysis

  • North America

    • U.S.

    • Canada

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Europe

    • Germany

    • France

    • U.K.

    • Spain

    • Italy

    • Rest of Europe

  • Asia Pacific

    • China

    • Japan

    • India

    • ASEAN

    • Rest of Asia Pacific

  • Middle East & Africa

    • GCC

    • Egypt

    • South Africa

    • Rest of Middle East & Africa

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