Stains and varnishes, water repellants, and wood preservatives are among the most widely used types of wood coatings, while roll coating, brush coating, spray coating, and vacuum coating are the major mechanisms of application of wood coatings. Furniture is the largest application segment of the global wood coatings market due to the widespread popularity of wood in manufacturing furniture. This trend is expected to continue in the next few years.
Albany, NY -- (SBWIRE) -- 04/17/2017 -- Market Research Reports Search Engine (MRRSE) has recently announced the addition of a new report to its ever-expanding online repository of market intelligence studies. The report examines the performance of the Global Wood Coating Market and presents dependable forecasts for companies looking to establish a strong foothold in the global market. The report is titled as "Global Wood Coating Market - Industry Analysis, Share, Size, Growth, Trends, and Forecast 2016 – 2024". This report studies the present as well as future prospects of the industry across the world. It also includes a rich executive summary along with a market overview providing information of various segments and sub-segments of the industry.
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The report examines market dynamics like drivers, restraints, risks and opportunities that have a strong impact on the global market and could influence the market during the forecast period. This report on global wood coating market offers an all-inclusive evaluation, including an in-depth insight into the past information with a growth forecast during the period of 2016 – 2024. As per the key findings of the report, the ongoing construction industry boom is one of the biggest drivers of the global wood coatings market. Demand for various types of wood fittings increases due to the increase in new construction. Besides this, the rise in global population and rampant urbanization, the demand for wood coating is rising. The rise in disposable income of consumers in countries such as India, China, and Brazil has led to higher demand for premium goods like high-end wooden fittings and flooring. Rising demand for protective coatings and longer lasting fittings are also driving the global wood coatings market. Due to the well-funded research institutes, highly effective wood protective coatings are developed and marketed globally.
Wood coating is an integral part of any residential as well as commercial construction. For a better analysis of global wood coating market, it is segmented based on different parameters, the segments based on types is as follows:
-Stains and Varnishes
While roll coating, spray coating, brush coating and vacuum coating are the main mechanisms of application of the wood coating. Furniture is the biggest application segment of this market due to the widespread usage of wood in manufacturing furniture. This trend is expected to continue during the forecast period. Geographically, the market is segregated into the following regions:
-North America (U.S. and Canada)
-Western Europe (U.K., Germany, Italy, France, Spain, Belgium, Netherlands, Luxembourg and Nordic countries)
-Eastern Europe (Russia and Poland)
-Latin America (Brazil, Mexico, Chile, Peru and others)
-Asia Pacific (ASEAN, Japan, China, India, Australia and New Zealand)
-The Middle East and Africa (Southern Africa, North Africa, GCC)
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Major companies operating in the global market are BASF SE, The Dow Chemical Company, The Valspar Corporation, Akzonobel N.V., Nippon Paint Co. Ltd., Arkema SA, and The Sherwin-Williams Company.
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