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Global Wood Coatings Market Size, Share, Development, Growth and Demand Forecast to 2024

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Growing construction sector coupled with increasing population is estimated to boost the global wood coatings market over the forecast period.

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Global Wood Coatings Market Size, Share, Development, Growth and Demand Forecast to 2024

  1. 1. © Coherent market Insights. All Rights Reserved Global Wood Coatings Market Size, Share, Development, Growth and Demand Forecast to 2024
  2. 2. © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION • Wood coatings are additives or mixtures that are added to the end wood product primarily to preserve the overall quality (durability, color and texture) of the finished item. The coating is applied after the wood surface is stained and prepared. The process of applying coating to a finished wood product is known as wood finishing. Finishing is the last step of the production process and provides desirable characteristics such as moisture resistance, heat resistance, increased durability, and enhanced appearance to the wood surface. Finishing also helps in keeping the end product sanitized and easier to maintain. • Manufacturers of wooden furniture and related furnishing resort to wood finishing to provide low-cost wood with an appearance and texture that makes it look like a higher end wood item. These products are mainly intended for sales in price-sensitive markets such as Asia Pacific and Latin America. According to a study conducted by Coherent Market Insights (2016), around 68% of the population in India is inclined towards buying low-priced wood items that look premium. These consumers do not lay emphasis on the quality of the wood and mainly focus on aesthetic appeal.
  3. 3. © Coherent market Insights. All Rights Reserved Microspheres Materials Market Taxonomy • On the basis of product type, the global market is segmented into: • Shellac • Wood Preservatives • Water Repellents • Stains • Linseed Oil • Beeswax and Carnauba wax mixtures • Acrylic Paint • Others
  4. 4. © Coherent market Insights. All Rights Reserved Market Segmentation • Growing construction sector coupled with increasing population is estimated to boost the global wood coatings market over the forecast period. According to a study conducted by Coherent Market Insights, the global construction industry is projected to be pegged at over US$ 15 trillion by 2024, with Asia Pacific positioned as the growth engine (the regional market is expected to witness a massive 30% CAGR over 2016– 2024). Growing population is a key factor towards the growth of the construction industry. Wood is one of the most widely used materials in the retail sector. Major retail players focus on effective merchandising of products at retail outlets. These products are usually propped up on wooden shelves and displays. Thus, rapid growth of retail industry is also fueling growth of the wood coatings market. Request a sample pdf Copy of report@ https://www.coherentmarketinsights.com/insight/request-sample/261
  5. 5. © Coherent market Insights. All Rights Reserved Key Strategies • Asia Pacific is expected to retain its dominance in the global wood coatings market throughout the forecast period. Conversely, health issues associated with the coating ingredients is one of the major restraining factors for the growth of the wood coatings industry. Coatings when in direct contact may lead to health issues such as skin and eye irritation and asthma. In addition, when in constant contact with air and sun the coatings may fade over time making the damage areas look yellowish. • Manufacturers are focusing on product innovation as a part of their business strategy to cater the rising demand of their customer base. For example, Premium Coatings And Chemicals Pvt Ltd., a specialized coatings manufacturer based in India, offers natural wood coatings for furniture’s and has also introduced silk wood sealer, glossy and matte that offer excellent adhesion, enhanced heat resistance and no yellowing features. Some of the major companies operating in the global wood coatings market are BASF SE, Arkema SA, Ashland Inc., RPM International Inc., Hempel A/S, AkzoNobel N.V., Premium Coatings and Chemicals Pvt Ltd. And Nippon Paint Co. Ltd.
  6. 6. © Coherent market Insights. All Rights Reserved Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. ABOUT US ABOUT COHERENT MARKET INSIGHTS SERVICES INDUSTRY ANALYSIS CUSTOMIZED RESEARCH SYNDICATED RESEARCH CONSULT STUDIES MARKET INTELLIGENCE SERVICES COUNTRY SPECIFIC STUDIES
  7. 7. © Coherent market Insights. All Rights Reserved ABOUT COHERENT MARKET INSIGHTS Industries we cater SECTOR COVERAGE BIOTECHNOLOG Y CLINICAL DIAGNOSTIC HEALTHCARE IT PHARMACEUTIC AL MEDICAL IMAGING MEDICAL DEVICES Chemicals & Materials Healthcare Bulk Chemicals Advanced Materials Speciality and Fine Chemicals Polymers & Resins Cosmetic Ingredients Food Ingredients Green Chemicals
  8. 8. © Coherent market Insights. All Rights Reserved Coherent Market Insights excels at offering unmatched actionable market intelligence across various industry verticals, including chemicals, healthcare, and food & beverages, to name a few. We implement holistic market research methodology in order to result in the best possible market research reports across various industries worldwide. Based on our unmatched expertise across various industries—no matter how large or small, how complex or unique—we help our clients achieve better outcomes with uniquely designed and highly customized solutions. Our coverage includes insights that help our clients ensure sustained growth in developed markets and also key inputs to help them tap into emerging markets and exploit the plethora of opportunities posed therein. RESEARCH SOLUTIONS GLOBAL REPORTS FEASIBILITY STUDIES TECHNOLOGY SNIPPETS EXCEL FORECAST DATABASE COMPETITIVE ASSESSMENT SURVEY RESEARCH CUSTOMIZED SOLUTIONS CONSULT PROJECTS COUNTRY ANALYSIS KEY STATS Insights Published Per Year Consulting Projects Till Date Clients Worldwide Per Year Analysts and Contract Consultants 100+ 150+ 125+ 110+ ABOUT COHERENT MARKET INSIGHTS
  9. 9. © Coherent market Insights. All Rights Reserved THANK YOU To know more about us, visit our website: www.coherentmarketinsights.com For sales queries or new topics email us on: sales@coherentmarketinsights.com For other queries contact: Mr. Shah (Manager - Business Development) Coherent Market Insights sales@coherentmarketinsights.com +1-206-701-6702

Growing construction sector coupled with increasing population is estimated to boost the global wood coatings market over the forecast period.

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