Asia-Pacific Wood Coatings Market is forecasted to grow at 5.6% CAGR with factors such as a significant rise in construction activities in the region.
The wood coatings market has shown an exceptional penetration in China, India, and Japan. Rising investments and initiatives towards construction activities in the Asia-Pacific region create opportunities for the wood coatings market.
Wood Coatings Market Scenario
According to Data Bridge Market Research, the market for wood coatings in China has the highest market share, followed by India and Japan. The market leader is Akzo Nobel N.V. which accounts for an estimated market share of approximately 11.15% in the Asia-Pacific wood coatings market. The company has gained outstanding sales through innovative wood coatings products for several end users.
For Instance:
- In November 2020, PPG Industries, Inc. introduced PPG ENVIROCRON HeatSense powder coating for heat-sensitive wood and wood-composite applications, such as medium-density fiberboard (MDF), hardwood, plywood, and similar products. With this development company is able to enhance its product portfolio in the market
- In June 2021, Akzo Nobel N.V. acquired Colombia-based paints and coatings company Grupo Orbis to expand its long-term position in South and Central America. With this development company is expecting to enhance its footprint in the market
Trends Impacting the Market
Now the question is which other regions are Akzo Nobel N.V., Nippon Paint Holdings Co., Ltd., PPG Industries, Inc. targeting? Data Bridge Market Research has forecasted a large growth in the China wood coatings market. The market leaders are targeting India and Japan to be their next revenue pockets for 2021.
The wood coatings market is becoming more competitive every year, with companies such as Akzo Nobel N.V., Nippon Paint Holdings Co., Ltd., PPG Industries, Inc. are the market leaders for wood coatings. New reports from the Data Bridge Market Research highlight the major growth factors and opportunities in the wood coatings market.
For more analysis on the wood coatings market, request a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=asia-pacific-wood-coatings-market
Wood Coatings Market Development
- In May 2017, Akzo Nobel N.V. opened a new performance coatings production facility in Chonburi, Thailand, to expand its footprint in Thailand and South East Asia region market
- In April 2017, Nippon Paint Holdings Co., Ltd., established Nippon Paint (Myanmar) Service (NPMSC) to develop a strong business foundation in the Myanmar markets. With this development company is expecting to enhance its revenue in the Asia segment
Scope of the Wood Coatings Market
Asia-Pacific wood coatings market is segmented on the basis of countries into China, India, Japan, South Korea, Australia, and New Zealand, Indonesia, Singapore, Malaysia, Thailand, Philippines, Vietnam, the Rest of Asia-Pacific , and many others.
- All country-based analysis of the wood coatings market is further analyzed based on further segmentation. On the basis of type (acrylic paint, stains and varnishes, wood preservatives, water repellants, shellac coatings, linseed oil, beeswax, and carnauba wax mixtures, others), resin type (polyurethane, nitrocellulose, acrylic, unsaturated polyester, others), technology (conventional solid solvent-borne, high solid solvent-borne, powder coating, waterborne, radiation cured, others), the application method (spray coating, roll and brush coating, vacuum coating), application (furniture, sidings, decking & flooring, cabinets, joinery, others), end user (residential, non-residential)
To know more about the study https://www.databridgemarketresearch.com/reports/asia-pacific-wood-coatings-market
Key Pointers Covered in Wood Coatings Market Industry Trends and Forecast to 2028
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
- Supply Chain Competitiveness
Key Market Competitors Covered in the Report
- Akzo Nobel N.V.
- Axalta Coating Systems, LLC
- BASF SE
- Dow
- Eastman Chemical Company
- PPG Industries, Inc.
- KANGNAM JEVISCO CO., LTD.
- CHOKWANG PAINT
- The Sherwin-Williams Company
- RPM International Inc.
- Nippon Paint Holdings Co., Ltd.
- Kansai Paint Co., Ltd.
- Wengyuan Henghui Chemical Coating Co., Ltd.
- Stahl Holdings B.V.
Above are the key players covered in the report. To know about more and exhaustive list of wood coatings companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-wood-coatings-market
Research Methodology: Asia-Pacific Wood Coatings Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Manufactures
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers, among others.
Related Reports
- Global Wood Coatings Market
- Global Paints and Coatings Market
- Global Decorative Paint and Coatings Market
Browse in Chemical and Materials Category Related Reports@ https://www.databridgemarketresearch.com/report-category/chemical-and-materials
