Chemicals and Materials Global Wood Coatings Market Future Forecast 2027

Global Wood Coatings Market Growth Expected to Boost by
Increase in Disposable Income of the People by 2027
According to a recently published report by Research Nester on “Global
Wood Coatings Market Outlook: Industry Insights & Opportunity
Assessment 2019–2027” delivers detailed overview of the global wood
coatings market in terms of market segmentation by technology, by type, by
resin, by application, by end use and by region.
Further, for the in-depth analysis, the report encompasses the industry
growth drivers, restraints, supply and demand risk, market attractiveness,
BPS analysis and Porter’s five force model.
With an increase in disposable income of consumers and standard of living
in developing countries such as China and India, fueling the demand for the
modern furniture. With an increase in standard of living of the people, the
housing and real estate market has started to show signs of growth thereby,
increasing the demand for furniture and joinery which is estimated to boost
the growth of the global wood coatings market with a CAGR of 7.3% over the
period 2019-2027.
The global wood coatings market is segmented by resin, application and end
use, out of which, the polyurethane segment is anticipated to have significant
growth owing to the increased applications of these coatings across sectors
such as architectural, commercial and structural work –paneling, furniture
etc. The type segment is divided into stains & varnishes, water repellents,
wood preservatives, shellac coatings and others. The resin segment is divided
into polyurethane, acrylics, melamine formaldehyde, nitrocellulose and
others. The technology segment is divided into oil based, water-based and
solvent based. The application segment is divided into Flooring & decking,