The report “Wood Coating Market - Trends & Forecast to 2020” defines and segments the wood coating market, along with the analyses and projections of the market size. It also identifies the driving and restraining factors for the wood coating market with the analyses of trends and opportunities.
Browse 158 market data tables and 66 figures spread through 195 pages and in-depth TOC on Wood Coating Market - Trends & Forecast to 2020.
Early buyers will receive 10% customization on reports.
The global wood coating market is projected to be valued at around $1,985.28 million by 2020, growing at a CAGR of 6.30% from 2015.Application methods for wood coating include roll coating & brush coating, vacuum coating, spray coating, and others. Growth in the protective coating market and recovery of global economy are the key drivers of the wood coating market.
The wood coating market is projected to grow at a CAGR of 6.30%. Emergence of new technologies and demand for low-VOC coatings is estimated to open new opportunities for wood coating providers. The major restraining factor for the growth of the wood coating market is the inclination of the furniture industry toward particle board and other metal products. The primary challenge of the market is to manage environmental concerns and create awareness about the benefits of wood coating.
The leading players in the market include BASF SE (Germany), Akzo Nobel N.V. (The Netherlands), The Dow Chemical Company (U.S.), and The Sherwin-Williams Company (U.S.). The wood coating market is a highly fragmented one, owing to the rise in new construction projects, both commercial and non-commercial. Major companies rely on regional and local distributors in order to increase their share as well as geographical presence in the market. One of the major developments observed in the wood coating market is mergers & acquisitions. The requirements for wood coating are continuously changing, making it essential for the manufacturers to continually invest in R&D and come up with innovative solutions. Companies are adopting inorganic growth strategies such as acquisitions to cope with the increasing demand for wood coating in the key emerging markets. These strategies have aided companies create a large customer and partner base in the main markets.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252