Report Highlights
The global wood coatings market should reach $14.0 billion by 2027 from $10.6 billion in 2022 at a compound annual growth rate (CAGR) of 5.6% for the forecast period of 2022 to 2027.
Report Includes
- 114 data tables and 68 additional tables
- An up-to-date overview of the global markets for wood coatings, related products, technologies used for enabling coatings and end-use application areas
- Analyses of the global market trends, with data from 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
- Understanding of opportunities and innovation-driven coatings for wood technologies and applications market highlights, and the major regions and countries involved in such developments
- Evaluation and forecast the wood coatings market size, projected growth trends, and corresponding market share analysis product type, technology, end-use application, and region
- Identification of the segments with high growth potential and to understand future applications of given segments
- Examination of key trends related to applications, types and pulse durations that shape and influence the wood coating industry
- A look at the increased demand for wood coatings driven by customers’ expectations in diverse areas such as performance, ease of application, sustainability, quality, functionality and environmental properties
- In-depth information on R&D investment, key technology issues, industry specific challenges, major types of end-user markets, and impact on wood coatings product sales
- Review of the new developments in wood coatings industry, value chain analysis, competitive landscape in the global market, and COVID-19 implications on the marketplace
- A relevant patent data analysis
- Descriptive company profiles of the leading global players, including Arkema, BASF SE, PPG Industries Inc., RPM International and The Sherwin-Williams Co.
Report Scope
This report provides an updated review of the wood coatings market, focusing on its product types, technologies and end-user application.
The report provides detailed analysis of key trends and opportunities impacting the market’s growth. It also analyzes the challenges faced by manufacturers of wood coatings and end-use application industries.
The report has a separate section highlighting the impact of COVID-19 on the wood coatings market at the global level. The section discusses COVID-19’s impact on wood coating supply and demand. It also provides information on the impact of prices of wood coating products post-pandemic.
The market sizes and estimations are provided in terms of volume (kilotons) and value ($ millions), considering 2021 as base year, with a market forecast for the period of 2022 to 2027. Regional market sizes, with respect to product types, technology and end-user applications are also provided. The impact of COVID-19 will be considered while estimating market sizes.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2021 | ||||||||||||||||
| Forecast period considered | 2027 | ||||||||||||||||
| Base year market size | $10.2 billion | ||||||||||||||||
| Market size forecast | $14.0 billion | ||||||||||||||||
| Growth rate | CAGR of 5.5% for the forecast period of 2022-2027 | ||||||||||||||||
| Units considered | Kilotons and $ Millions | ||||||||||||||||
| Segments covered | product types, technologies and end-user application | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
The global market for wood coatings should grow from $9.0 billion in 2018 to $12.3 billion by 2023, increasing at a compound annual growth rate (CAGR) of 6.5% from 2018 to 2023.
Report Includes
- 75 data tables and 39 additional tables
- Detailed overview of global markets for wood coating technologies and applications
- Analyses of global market trends with data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2023
- A look at the increased demand for wood coatings driven by customers’ expectations in diverse areas such as performance, ease of application, sustainability, quality, functionality and environmental properties
- Characterization and quantification of market potential for wood coating technologies by product type, application area, end use industry, and major geographical regions
- Discussion of research and development, and the demand for new products and new applications
- Details covering new developments taking place in the industry with respect to continuous improvements in environmental performance
- Patent review and new developments for wood coating technologies
- Company profiles of key market players, including Arkema S.A., Asian Paints Ltd., BASF SE, Kansai Paint Co., Ltd., PPG Industries Inc., and Sherwin-Williams Company
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