PUBLISHER: Lucintel | PRODUCT CODE: 1417934
PUBLISHER: Lucintel | PRODUCT CODE: 1417934
Wood Coating Trends and Forecast
The future of the global wood coating market looks promising with opportunities in the furniture, joinery, flooring & decking, and siding markets. The global wood coating market is expected to reach an estimated $11.2 billion by 2030 with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are increasing demand for household furniture and a growing consumer focus on aesthetics and global population increase and housing market recovery are on the upswing.
A more than 150-page report is developed to help in your business decisions.
Wood Coating by Segment
The study includes a forecast for the global wood coating by resin type, technology , application, and region.
List of Wood Coating Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies wood coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wood coating companies profiled in this report include-
Wood Coating Market Insights
Lucintel forecasts that polyurethane is expected to witness the highest growth over the forecast period due to ready availability of the product and the numerous advantages of polyurethane over other counterpart.
Within this market, furniture will remain the largest segment due to increasing urbanization, expanding homes, and a rise in nuclear families.
APAC will remain the largest region over the forecast period due to rising demand for home furnishings in India, China, Japan, and South Korea.
Features of the Global Wood Coating Market
Market Size Estimates: Wood coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Wood coating market size by resin type, technology, application, and region in terms of value ($B).
Regional Analysis: Wood coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different resin type, technology, application, and regions for the wood coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the wood coating market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the wood coating market size?
Answer: The global wood coating market is expected to reach an estimated $11.2 billion by 2030.
Q2. What is the growth forecast for wood coating market?
Answer: The global wood coating market is expected to grow with a CAGR of 4.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the wood coating market?
Answer: The major drivers for this market are increasing demand for household furniture and a growing consumer focus on aesthetics and global population increase and housing market recovery are on the upswing.
Q4. What are the major segments for wood coating market?
Answer: The future of the wood coating market looks promising with opportunities in the furniture, joinery, flooring & decking, and siding markets.
Q5. Who are the key wood coating market companies?
Answer: Some of the key wood coating companies are as follows.
Q6. Which wood coating market segment will be the largest in future?
Answer: Lucintel forecasts that polyurethane is expected to witness the highest growth over the forecast period due to ready availability of the product and the numerous advantages of polyurethane over other counterpart.
Q7. In wood coating market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rising demand for home furnishings in India, China, Japan, and South Korea.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.