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Global Wood Coatings Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028

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Global Wood Coatings Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028

Global Wood Coatings Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028

  • Published Date: 11 Jun 2021
  • Report ID: CMFE 0055
  • Pages:190
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

The Wood Coatings market is anticipated to grow with a CAGR of 6.5% over the forecast period of 2019-2028. Wood coatings are generally used to provide protection and improve aesthetics of the wooden surfaces in the furniture such as cabinets, doors, sidings, flooring, etc. These coatings have a huge application in residential as well as non-residential areas. Wood coatings cover a large number of products such as stains, paints, varnishes that may be used according to the type of wood and demanded aesthetics. The rising demand for eco-friendly wood coatings and increasing the product life for a longer duration are some major factors driving the market towards growth. Also, the rising demand for renovations and remodeling is expected to fuel the market extensively.

Top Driver: Increasing Demand for Eco- friendly Coatings and Renovations to Fuel the Market Widely

The Wood Coatings are used widely in the furniture to create modern designs and enhance aesthetics. Such products are extensively used in modern home styles for the purpose of remodeling and decors. Therefore, owing to these features, the wood coating market is expected to fuel market growth in the forecast period. The rising demand for wooden pieces in offices has also lead the market towards growth. various corporate and residential areas prefer wooden floorings, that demand wood coatings for reliability and protection.

However, large scale cutting of trees has to lead to environmental crisis since this leads to deforestation. Therefore, to avoid such conditions, various other materials are favored over wood. This can hence prove to be a restraint for the market in the future.

Stains and Varnishes Segment to Occupy the Largest Market Share 

Based on the type, the Wood Coatings market is segmented into stains and varnishes, shellac costings, wood repellants, wood preservatives, and others. The stains and varnishes were the fastest-growing segments owing to its durability, aesthetics, and economic pricing. Furthermore, these components also work as wood preservatives which also improve product life. Based on application the roll coating and brush coating, vacuum coating, spray coating. Based on end-use the market is segmented as furniture, cabinets, siding flooring, and decking.

 

Aisa Pacific Accounts for the Largest Market Share 

The Asia Pacific accounted for the largest market share owing to the presence of vast variety in raw wood in the region. Furthermore, the growing economy has lead to development in the infrastructure and residential sector which in turn has anticipated the market growth in the forecast period. The rising demand for remodeling in interior design in the region has also attributed to the growth of the market extensively. Europe was the second-largest shareholder in the market owing to various wooden house practices adopted in the region. North America to show steady growth in the market owing to growing infrastructure in the region.

Players to Focus on Mergers and Acquisitions to Strengthen their Market Position

The global Wood Coatings market is expected to grow with a significant CAGR due to presence of various companies including Akzo Nobel N.V., BASF SE, The Sherwin-Williams Company, The Dow Chemical Company, Nippon Paints Holdings Co. Ltd., Axalta Coatings Systems, PPG Industries Inc., Ashland Inc., ICI Paints, and Hempel A/S among others.

The global wood coating market is expected to grow widely in the future as major key players are getting into mergers and collaborations to improve their market positions. The key players are highly relied on improving their distribution through local distribution channels. The companies are focusing on developing regions such as the APAC as huge commercial growth provides lucrative opportunities for new entrants as well as for major key players.

Scope of the Report

By Type

  • Stains and varnishes
  • Shellac Coating
  • Wood preservatives
  • Water repellents
  • Others

By Application

  • Roll Coating
  • Vacuum coating
  • Spray coating
  • Others

By End-User

  • Furniture
  • Cabinets
  • Siding
  • Flooring and decking
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.
  4. It builds a seven-year estimate based on how the market is predicted to grow.

 

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Bare Copper Conductor Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Bare Copper Conductor Market -Industry Snapshots

6.1             Overview

6.1.1          Global Bare Copper Conductor Market Value, 2019 – 2028, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Bare Copper Conductor Market Analysis, by Type

7.1             Overview

7.2             Key Findings for Bare Copper Conductor Market- By Type

7.2.1          Bare Copper Conductor Market- Soft drawn

7.2.2          Bare Copper Conductor Market- Medium hard drawn

7.2.3          Bare Copper Conductor Market- Hard drawn

Chapter 8           Global Bare Copper Conductor Market Analysis, by Application

8.1             Overview

8.2             Key Findings for Bare Copper Conductor Market- By Application

8.2.1          Bare Copper Conductor Market- Automotive

8.2.2          Bare Copper Conductor Market- Aerospace

8.2.3          Bare Copper Conductor Market- Energy Sectors

8.2.4          Bare Copper Conductor Market- Chemicals

8.2.5          Bare Copper Conductor Market- Electronics

8.2.6          Bare Copper Conductor Market- Others

Chapter 9           Bare Copper Conductor Market Analysis by Region

9.1             Key Findings for Bare Copper Conductor Market- By region

9.2             Overview

9.2.1          Global Bare Copper Conductor Market Analysis, By Type, 2019 – 2028

9.2.2          Global Bare Copper Conductor Market Analysis, By Application, 2019 – 2028

9.3             Bare Copper Conductor Market – North America

9.3.1          Overview

9.3.2          U.S.

9.3.3          Canada

9.3.4          Mexico

9.3.5          North America Market, By Type

9.3.6          North America Market, By Application

9.4             Bare Copper Conductor Market – Europe

9.4.1          Overview

9.4.2          Germany

9.4.3          United Kingdom

9.4.4          France

9.4.5          Italy

9.4.6          Rest Of Europe

9.4.7          Europe Market, By Type

9.4.8          Europe Market, By Application

9.5             Bare Copper Conductor Market – Asia Pacific

9.5.1          Overview

9.5.2          China

9.5.3          Japan

9.5.4          India

9.5.5          Rest of APAC

9.5.6          Asia Pacific Market, By Type

9.5.7          Asia Pacific Market, By Application

9.6             Bare Copper Conductor Market – SAMEA

9.6.1          Overview

9.6.2          Middle East & Africa (MEA)

9.6.3          South America

9.6.4          Rest Of World

9.6.5          South America, Middle East and Africa Market, By Type

9.6.6          South America, Middle East and Africa Market, By Application

Chapter 10       Market Competition Analysis

10.1           Market Share/Positioning Analysis

10.1.1       Market Positioning of Key Vendors, 2019

10.1.2       Key Strategies Adopted by the Leading Players

10.1.3       Recent Developments

Chapter 11       Company Profiles- Snapshot

11.1           Vimlesh Industries

11.1.1       Business Fundamentals

11.1.2       Financial Snapshots

11.1.3       Product Portfolio

11.1.4       Recent Developments

11.2           Republic Wire

11.3           Eastern Copper

11.4           IWG Copper

11.5           Ganpati Wires

11.6           Perfect Wire Industries

11.7           Chandra Group

11.8           Slimlites Electricals Pvt. Ltd

11.9           Eland Cables

11.10        Jalan Wires

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 12       Appendix

 

 

 

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