Wood Coating Market grow to $1,985.28 Million by 2020

Published: Fri Jun 23 2017

The Global Wood Coating Market is projected to be valued at around $1,985.28 Million by 2020, growing at a CAGR of 6.30% from 2015. Growth in the protective coating market and rise in new construction activities worldwide are projected to be the major drivers of this market. The growing demand for eco-friendly wood coating products and rise in renovations & remodeling are also projected to drive the growth of this market.
The market has been segmented on the basis of application method, coating type, end-user, and regions in terms of value. The market segments by application method include roll coating & brush coating, vacuum coating, spray coating, and others. The market segments for coating type includes stains & varnishes, shellac, wood preservatives, water repellants, and others. The geographic segmentation includes market size and share of North America, Europe, Asia-Pacific, and RoW.
This report provides a complete analysis of key companies and competitive analysis of developments recorded in the industry over the last five years. In the report, market drivers, restraints, opportunities, and challenges have been discussed in detail. The leading players of the market such as BASF SE (Germany), Akzo Nobel N.V. (The Netherlands), The Dow Chemical Company (U.S.), and The Sherwin-Williams Company (U.S.) have been profiled to provide an insight into the competitive scenario in the wood coating market.
Mergers & acquisitions have been the key strategies adopted by leading companies to accommodate the rapidly changing technologies in the application areas and to increase their market share. Companies have also adopted strategic expansions and investments to bridge the existing gaps in their product offerings, end market requirements, and geographical constraints. These strategies have been adopted by leading companies to ensure retention of considerable market share within the highly fragmented wood coating market.

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Objectives of the study:
• To define, describe, and forecast the Global Wood Coating Market by application, Type, End User and region
• To provide detailed information regarding major factors influencing the growth of the Global Wood Coating Market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the Global Wood Coating Market with respect to individual growth trends, future prospects, and contribution of each segment to the market
• To strategically profile key players and comprehensively analyze their market shares and core competencies

Key Player Analysis:
The leading players in this market include BASF SE (Germany), Akzo Nobel N.V. (The Netherlands), The Dow Chemical Company (U.S.), and The Sherwin-Williams Company (U.S.). The wood coating market is highly fragmented, owing to the increasing demand for eco-friendly products and changing technologies. Major companies rely on regional and local distributors to increase their share as well as geographical presence in the market. One of the major key strategies observed in this market is mergers & acquisitions.

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Key Target Audience:
• Manufacturers of wood coating
• Raw material suppliers
• Equipment manufacturers
• Traders, distributors, and suppliers of wood coating
• Research institutes and government organizations
• Market research and consulting firms
• Manufacturers in end-use industries, i.e., furniture
• Automobile industry associations
• Environment protection agencies

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