Thursday, June 18, 2015
The global wood coating market, along with its resin types, applications, and technologies is estimated to increase in the coming years. The properties, such as durability, protection, high scratch resistance, chemical resistance and others, green environmental regulations, and increasing construction and furniture market will be the key influencing factors for global wood coatings market. This is what the latest report by Markets and Markets.com has researched on the resin industry.
The wood coatings market is experiencing moderate growth which is expected to continue in the near future, mainly driven by the highly growing Asia-Pacific, and RoW regions. The Asia-Pacific region is the main hub for wood coatings market. The growth of the architecture and construction sector is driving the growth for this market in this region.
The global wood coating market is estimated to reach around $9.72 billion by 2020, signifying a CAGR of around 4.77% between 2015 and 2020. The drivers of the industry are superior performance; better properties, green regulations, growth in furniture and construction market, and others.
This study aims to estimate the global market of wood coating for 2015 and to project its demand by 2020. It provides a detailed qualitative and quantitative analysis of the global wood coatings market. We have used various secondary sources, such as directories, industry journals, and databases to identify and collect information useful for this extensive commercial study of the wood coatings market. The primary sources experts from related industries and suppliers—have been interviewed to obtain and verify critical information as well as to assess the future prospects of wood coatings.
Competitive scenarios of the key players in the wood coating market have been discussed in detail. We have also profiled leading players of this industry with their recent developments and other strategic industry activities. These include wood coatings manufacturers, such as Akzonobel, Valspar Corporation, Asian Paints, Sayerlack, RPM International, Sherwin-Williams, Kelly-Moore Paint Company Incorporated, Katilac Coatings Inc., Ashoka Group, and Sterling Polymers and Chemicals among others.