An increase in the demand for waterborne and powder technologies for the replacement of solvent-borne coatings are driving the market demand.
Reports and Data has recently published a novel research report on global Wood Coatings market covering current market scenario and market developments between 2018 and 2028. The report offers in-depth analysis of historical and latest market trends along with revenue growth, market size, drivers, restraints, limitations and opportunities. The report is well curated using statistical methods such as SWOT analysis and Porter’s Five Force and presented using tables, graphs, charts, figures and other pictorial representations to help user understand the market dynamics. The data is collected using extensive primary and secondary research which is evaluated by experts and professionals in the industry.
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Competitive Landscape:
The report offers details about financial standing, global positional, license agreement, business expansion plans and product portfolios of each player operating in the market. The global Wood Coatings market is extremely competitive and comprise various key players operating at global and regional levels. These players are adopting various strategies such as mergers and acquisitions, collaborations, joint ventures, partnerships, RD investments and new product launches to gain robust footing in the market and expand their product portfolio.
Top Companies: PPG Industries, BASF SE, The Sherwin-Williams Company, AkzoNobel N.V., Kansai Paint Company Limited, The Valspar Corporation, Nippon Paint Company Ltd., Arkema SA, Asian Paints Limited, and Evonik Industries, among others.
Further key findings from the report suggest
Waterborne coatings are forecasted to hold a market share of 72.9% in the year 2027. These types of coatings are beneficial to the environment. It meets the United States and European regulations regarding volatile organic compound (VOC) emission. Waterborne coatings produce VOC content of fewer than 3.5 pounds per gallon.
Auto manufacturers, for the past few years, are switching to paints with lower VOCs in an effort to ensure worker safety as well as reduce the environmental effects of the coatings. While the EPA regulates the level of VOC from the automotive manufacturing industries and auto body shops, there are still no federal standards or regulations that can regard the paint product themselves as "low-VOC."
A large number of non-profit organizations such as Greenguard and Green Seal, which conduct thorough evaluations and award "green labels" to manufacturers that pass their stringent guidelines.
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Market Segmentation:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Powder
- Water-Borne
- UV-cured coatings
- High-solids
Application Outlook (Revenue, USD Billion; 2017-2027)
- Industrial Coatings
- Wood Coatings
- Architectural Coatings
- Packaging Coatings
- Automotive Coatings
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Online
- Offline
Regional Outlook:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest Of Eu)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest Of Apac)
- Latin America (Chile, Brazil, Argentina, Rest Of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest Of Mea)
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Key questions covered in the global Wood Coatings market report:
- What is the expected market size of the global Wood Coatings market during the forecast period?
- What factors are expected to hamper global Wood Coatings market growth over the forecast period?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Wood Coatings market?
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