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, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Wood Coating Resins Market
Data Bridge Market Research analyses that the wood coating resins market will witness a CAGR of 11.80% for the forecast period of 2022-2029 and is likely to reach at USD 58.85 billion by 2029.
Wood coating is used in refinement and protection of wood or wood created structures, helps to extend the merchandise life. Wood coating helps to boost the visual cues of wood objects, as this helps to plug the merchandise.
The water borne technology is majorly used technology is the major factor accelerating the growth of the wood coating resins market. Furthermore, 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 housing and real estate are also expected to drive the growth of the wood coating resins market. However, stringent environmental rules imposed by government on the use of volatile compounds in production of wood coatings restrains the wood coating resins market, whereas, the prices associated with levels of waterborne coatings in comparison with solvent-borne equivalents, heavy consumption of solvent-borne coatings that are irregular with VOC regulations will challenge market growth.
In addition, increased living standards the growth for decorative wood coatings will create ample opportunities for the wood coating resins market.
This 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, technological innovations in the market. To gain more info on wood coating resins market contact Data Bridge Market Research 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
The 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 market.
- 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.
Wood Coating Resins Market Country Level Analysis
The wood coating resins market is segmented on the basis of resin type, technology and application.
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 dominates the wood coating resins market and will continue to flourish its dominance during the forecast period due to rapid transformation and growth in the global market. However, Europe and North America will continue to project the highest CAGR for this period 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 Wood Coating Resins Market Share Analysis
The 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.
Some of the major players operating 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.