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Some of the major drivers behind the growing demand of global wood coating market include rise in new construction (both residential and commercial), recovery of global economy, increasing disposable income and increasing urbanized population.
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Global Wood Coating Market Trends, Share, Growth Rate, Opportunities and Market Analysis by 2023 The availability of quality and cheaper alternatives, such as plastic wood and wood composite is expected to hamper the growth of the wood coatings market.
Some of the major drivers behind the growing demand of global wood coating market include rise in new construction (both residential and commercial), recovery of global economy, increasing disposable income and increasing urbanized population. The growing construction of residential and non-residential buildings is driving the demand for wood coating. Request Sample report copy here: https://www.psmarketresearch.com/market- analysis/wood-coating-market/report-sample The increasing disposable income across the globe has enhanced the living standards of people, with increased spends on houses; which also contributed to the increased demand for wood coating. According to the National Bureau of Statistics of China, the annual per capita disposable income of urban households in China increased from $2,271.0 in 2008 to $3,408.5 in 2012. In the current scenario, the homeowners are interested in investing more in the upkeep of their floors, fences, siding and decks. Properly managed and highly maintained home adds value of the home and saves money in the long term. Based on coating type, the global wood coating market is segmented into stains and varnishes, shellacs, water repellents and others. Based on end-user, the global wood coating market is segmented into furniture, cabinets, siding, flooring, decking and others. Geographically, Asia-Pacific is the largest market for wood coating followed by Europe and North America. During the forecast period, the Asia-Pacific wood coating market is expected to grow at the fastest rate, owing to increase in the disposable income and construction activities in the region. Read summary of report here: https://www.psmarketresearch.com/market-analysis/wood- coating-market Some of the major competitors in the wood coating market include Akzo Nobel Coatings NV, Sherwin-Williams Co., Kansai Paint Co. Ltd., ICI Paints, DuPont Coatings and Color Technologies Group, PPG Industries Inc., BASF Coatings AG, Dow Coating Materials, Hempel A/S, The Valspar Corporation, Ashland Inc., RPM International Inc., and Arkema SA, Nippon Paint Co. Ltd. About P&S Market Research P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research-based consulting services across different industry/business verticals. As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence
and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions. Contact: P&S Market Research 347, 5th Ave. #1402 New York City, NY - 10016 Toll-free: +1-888-778-7886 (USA/Canada) Email: enquiry@psmarketresearch.com Web: https://www.psmarketresearch.com
