Press Releases
 
Wood Coatings Market Set to Surge Significantly During 2017 - 2025

US, 21 November 2017 -- Wood Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

A report by Transparency Market Research predicts the revenue in the global wood coating market to expand at a healthy CAGR of 8.3% from 2017 to 2025 to reach a value of US$17.595 bn by 2025 from US$8.625 bn in 2016. Volume-wise, it predicts the market to exhibit a CAGR of 7.5%.

Powered by Emerging Economies, Asia Pacific Leads Market

Depending upon the type of resin, the global wood coatings market is segmented into polyurethane, acrylics, melamine formaldehyde, nitrocellulose, etc. Of them, the segment of polyurethane accounts for maximum market share and going forward too is expected to retain the share by registering a CAGR of 8.8% between 2017 and 2025. This is because polyurethane is scratch and humidity resistant.

View Report Preview: https://www.transparencymarketresearch.com/wood-coating-market.html

Regionally, the segments of the global wood coatings market studied in the report are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific, among them, leads the market with maximum share powered by the densely populated emerging economies in the region. On account of the rising wealth of people in the region, the sales of furniture has increased and this has led to the growth in wood coatings market in Asia Pacific. The region is slated to grow its dominant share slightly by 2025 to 47.4%.

Booming Housing Construction Activities Stokes Growth

Majorly fuelling growth in the global wood coatings market are the growing number of housing construction activities worldwide and the increasing disposable incomes of people which has driven up sales of furniture. Environmental regulations placed on emission of volatile organic compounds (VOCs) is also providing headwinds to the market. As per the lead analyst of the TMR report, “Numerous initiatives for bringing down emission of VOCs have taken by industries and organizations. Growing awareness about coatings with low volatile organic compounds and implementation of safety regulations have resulted in the swift uptake of wooden coatings.”

Request to view Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=12161

Fluctuating Raw Material Prices Pose Challenge

Posing headwinds to the market for wood coatings, on the other hand, is the volatility in raw material prices. Acrylic and polyurethane are the primary raw materials used in the manufacture of wood coatings. Since they are dependent on the prices of crude oil, their prices get affected thereby posing a challenge to the market.

A noticeable trend in the global wood coatings market is the foray of small and medium manufacturers which has served to intensify the competition. Most of them are banking upon product differentiation to establish a foothold in the market.

Presence of numerous companies makes the global wood coatings market highly competitive. Prominent companies operating in the global wood coatings market show high degree of forward integration, which provides them with a decided competitive advantage. Apart from that, manufacturers are also seen focusing on product differentiation to entice more customers. Some of the key players in the market are BASF SE, PPG Industries Inc., the Asian Paints, Nippon Paints Holdings, the Dow Chemical Company, and Sherwin-Williams Company.

Global Wood Coatings Market Report is available @ US$ 5795
https://www.transparencymarketresearch.com/checkout.php?rep_id=12161<ype=S

The top four companies, namely The Sherwin Williams Company, PPG Industries Inc., Akzo Novel N.V. and RPM International Inc. accounted for almost 60.0% share in the global wood coatings market in 2016. Of them, The Sherwin Williams Company led the market with a majority share of 21.3% in 2016.

About us:
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

# # #


Media Contacts:
Contact us:
Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

Submitted by Sandy Researcher, Transparency Market Research on Tuesday, 21 November 2017 at 6:59 PM
Category: Science & Research
 
Related News

Network Virtualization Market 2016 – Industry Trends and Forecast to 2024
Friday, 15 Dec 2017

High Performance Rubber Market Growing with Healthy CAGR by 2021
Thursday, 14 Dec 2017

Singapore Institutes Collaborate with Samsung Medical Center to Improve Treatment of Liver Cancer
Thursday, 14 Dec 2017

Increasing Penetration of Internet Triggers the Growth of the Market for EMEA free-to-air services
Wednesday, 13 Dec 2017

India Water Purifier Market: Demand for Affordable and Pure Water to Ensure Swift Uptake
Wednesday, 13 Dec 2017

Related Events

10th Annual T-Cell Lymphoma Forum 2018, La Jolla, CA, USA
Thursday, 1 Feb 2018

Military Space Situational Awareness 2018
Wednesday, 25 Apr 2018

Latest News

Trendy customized jewelry and seductive perfumes at Make It Urz
Friday, 15 Dec 2017

Choosing the proper Wedding Photographer
Friday, 15 Dec 2017

Balloon Catheter Market: Segmental Highlights and Table of Content (2016-2026)
Friday, 15 Dec 2017

PR Agency - Public Relations Company in Sydney
Friday, 15 Dec 2017

Best leather top desks - Top classic office furniture
Friday, 15 Dec 2017

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2017
Today is Friday, 15 December 2017

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Pelvic Anatomy and Gynecologic Surgery Symposium (PAGS)
  • 25th Annual World Congress
  • Third Emirates Surgical Pathology Conference (ESPC 2017)
  • Tube Middle East
  • Welding & Cutting Middle East

  • Latest Jobs
    Sorry, there are currently no entries posted here.