Global Wood Coating Resins Market, By Resin Type (Epoxy Resin, Amino Resin, Alkyd Resin, Polyurethane Resin, Unsaturated Polyester Resin, Saturated Polyester Resin, Acrylic Resin, Vinyl Resin, Other Resins), Technology (Solvent-Borne Coatings, Powder Coatings, Waterborne Coatings, High Solids Coatings, Radiation Curable Coatings, Others), Application (Automotive Coatings, Marine & Protective Coatings, Architectural Coatings, General Industrial Coatings, Packaging Coatings, Wood Coatings, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Wood coating resins market is estimated to reach at a USD 47.44 billion by 2027 in the forecast period of 2020 to 2027 and growing at a growth rate of CAGR of 11.38% by 2027. Increased disposable income and improved standard of living in the developing countries are factors driving the growth of the market.
Wood coating is used in refinement and protection of wood or wood made structures, helps to increase the product life. Wood coating helps to enhance the visual cues of wooden objects, as this helps to market the product.
Housing and real estate market is witnessing significant growth and which drives the growth of the market. Water borne technology is majorly used technology in the market, factors contributing in the growth of the market are durability of the coating resins, eco-friendly nature of the wood coating resins, gives better performance, it’s a healthier coating option and provides artistic look. Factors which are fueling the market growth are the maintenance activity of the wood items which are pre-existing. Due to increased living standards the growth for decorative wood coatings which thus helps in the growth of the market create growth opportunities for wood coating resins market in the forecast period of 2020-2027.
Stringent environmental rules imposed by government on the use of volatile compounds in production of wood coatings will act as a restrain, and further challenge the growth of wood coating resins market in the forecast period mentioned above.
The wood coating resins market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions and technological innovations in the market. To gain more info wood coating resins market on Data Bridge Market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Wood Coating Resins Market Scope and Market Size
Wood coating resins market is segmented on the basis of resin type, technology and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of resin type, wood coating resins market is segmented into epoxy resin, amino resin, alkyd resin, polyurethane resin, unsaturated polyester resin, saturated polyester resin, acrylic resin, vinyl resin and other resins.
- On the basis of technology, wood coating resins market is segmented into solvent-borne coatings, powder coatings, waterborne coatings, high solids coatings, radiation curable coatings and others
- Based on application, wood coating resins market is segmented into automotive coatings, marine & protective coatings, architectural coatings, general industrial coatings, packaging coatings, wood coatings and others
Global Wood Coating Resins Market Country Level Analysis
Wood coating resins market is analysed and market size, volume information is provided by country as resin type, technology and application referenced above.
The countries covered in the wood coating resins market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is dominating the wood coating resins market due to rapid transformation and growth in the global market. A global sourcing hub for some of the major companies due to the increasing demand for the wood coatings resins.
The country section of the wood coating resins market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Wood Coating Resins Market Share Analysis
Wood coating resins market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to wood coating resins market.
The major players covered in the wood coating resins market report are DowDuPont, Covestro AG, BASF SE, Evonik Industries AG, Reichhold LLC 2, Arkema, Koninklijke DSM N.V., ALLNEX NETHERLANDS B.V., Huntsman International LLC, The Sherwin-Williams Company, Qualipoly Chemical Corp., Jiangsu sanmu group Co,Ltd., Arakawa Chemical Industries,Ltd., Alberdingk Boley, The Nippon Synthetic Chemical Industry Co., Ltd., Eternal Materials Co.,Ltd., CBC Co.,Ltd., Perstorp Orgnr, Wanhua Chemical Group Co.,Ltd., DIC CORPORATION and Wacker Chemie AG among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Wood Coating Resins Market
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