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Wood Coatings - World Markets to 2023: A $11.88 Billion Opportunity - ResearchAndMarkets.com

August 8, 2018

DUBLIN--(BUSINESS WIRE)--Aug 8, 2018--The “Wood Coatings Market by Resin Type, Technology and End User - Global Opportunity Analysis and Industry Forecast, 2017-2023” report has been added to ResearchAndMarkets.com’s offering.

The global wood coating market was valued at $7,850 million in 2016, and is projected to reach $11,880 million by 2023, growing at a CAGR of 6.3% from 2017 to 2023. The furniture segment accounted for more than 59% share of the global wood coating market in 2016.

Based on resin type, the market is segmented into polyurethane, nitrocellulose, acrylic, unsaturated polyester, and others. The polyurethane segment is projected to be the most lucrative segment from 2017 to 2023.

Based on technology, the market is divided into waterborne, conventional solvent borne, high solid solvent borne, powder coating, radiation cured, and others. The waterborne wood coating segment is projected to be the most lucrative segment from 2017 to 2023 owing to low toxicity due to low VOCs content.

Based on end user, the market is classified into furniture, cabinet, siding, flooring, paneling, and others. The cabinet segment is estimated to grow at the highest CAGR during the forecast period.

Key Findings

The waterborne wood coating segment is expected to grow at a significant CAGR of 7.9%, in terms of value, from 2017 to 2023 The polyurethane segment is projected to grow at a CAGR of 6.8%, in terms of value The wood coating market in North America is expected to grow at the highest CAGR of 7.9%, in terms of value

Key Topics Covered

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview

Chapter 4: Wood Coating Market, By Resin Type

Chapter 5: Wood Coating Market, By Technology

Chapter 6: Wood Coating Market, By End User

Chapter 7: Wood Coatings Market, By Region

Chapter 8: Company Profiles

Akzo Nobel N.V Axalta Coating Systems BASF SE Benjamin Moore & Co. Nippon Paint Holding Co. PPG Industries Inc. RPM International Inc. The Sherwin Williams Company The Dow Chemical Company Teknos Group OY

For more information about this report visit https://www.researchandmarkets.com/research/9h769r/wood_coatings?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180808005737/en/

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Related Topics:Paints and Coatings

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/08/2018 03:50 PM/DISC: 08/08/2018 03:50 PM

http://www.businesswire.com/news/home/20180808005737/en

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