The term wood coatings implies a wide range of products such as stains, varnishes, shellacs, and lacquers, which are commonly used in the domestic and industrial sectors. The significance of wood coatings is that they add depth and warmth to the appearance of the wooden structures.
Albany, NY -- (SBWIRE) -- 10/02/2017 -- Looking at the market concerned with wood coatings, there are several significant factors such as soaring construction activities globally and the increasing spending capacity of people leading to encouraged furniture sales. To study in-depth about the overall market for wood coatings, a new report has been added to the wide database of Market Research Reports Search Engine (MRRSE). This research report titled "Wood Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025", offers a brief knowledge about the demand and sales of wooden coatings for different purposes.
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As per key research findings, the report forecasts the revenue in the global wood coating market that is anticipated to reach a value of US$17.595 bn by 2025 from a mark of US$8.625 bn in 2016. At this pace, the concerned market is likely to rise at a healthy CAGR of 8.3% by the end of the forecast period. Further, considering the volume-wise analysis, the report projects the market to register a CAGR of 7.5% until 2025.
This research report offers a precise knowledge about the key market indicators affecting the growth of the market. Further, it evaluates the opportunities in the wood coatings market on the global, regional and country level. The readers can also gain information about the drivers, restraints, and opportunities that are justified through quantitative and qualitative data. As the study proceeds, details regarding growth rate, market size, raw material availability, impact strength, profit margin, technology, competition, and other factors such as environmental and legal aspects are carefully enclosed.
For gaining a better insight to determine the degree of competition in the wood coatings market, Porter's Five Forces Model is sketched in an exhaustive form. Moreover, market attractiveness analysis in which end-users and regions have been analyzed on the basis of attractiveness for each region is part of this research report. To make the study more edifying, price trend analysis for wood coatings between 2017 and 2025 is also encircled for the benefit of the readers.
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Market segmentation on the basis of different factors is a valuable part of the report. The bifurcation is done on the basis of resin, product, technology, application, and geography segments. It is important to know that, the resin segment is classified into polyurethane, acrylics, melamine, nitrocellulose, formaldehyde and others. Further, the product segment of the wood coatings market includes stains & varnishes, lacquers, shellacs and others. Moreover, the technology segmentation includes oil based wood coatings, solvent-based wood coatings and water based wood coatings. Geographically, the prime market regions include North America, Asia Pacific, Middle East & Africa, Latin America and Europe.
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