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The water-borne wood coatings market size has the potential to grow by USD 858.37 million during 2020-2024, and the market's growth momentum will accelerate at a CAGR of 6.53%.
This report provides a detailed analysis of the market by application (furniture, decking, joinery, siding, and flooring), geography (APAC, Europe, MEA, North America, and South America), and key vendors.
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The report analyzes the market's competitive landscape and offers information on several market vendors, including:
The water-borne wood coatings market is fragmented and the vendors are deploying growth strategies such as capacity expansions, product development, and partnerships to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as the growing wood reuse to achieve growth opportunities. However, factors such as rising concerns on wood logging will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the water-borne wood coatings market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies,
This water-borne wood coatings market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
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50% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for water-borne wood coatings in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The accelerated growth of the construction industry is one of the prime factors that will facilitate the water-borne wood coatings market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
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Water-borne wood coatings for furniture, which includes sofas, tables, chairs, decorative tables, and shelves, occupy a major share owing to the rapid demand from the furniture industry. The major demand for furniture is due to the increased spending on home decoration and aesthetic appeal. Therefore, an immense increase in furniture demand globally is expected to fuel the demand for water-borne wood coatings during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the water-borne wood coatings market size. Fetch actionable market insights on post COVID19 impact on each segment.
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Water-borne Wood Coatings Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2019 |
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Forecast period |
2020-2024 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7% |
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Market growth 2020-2024 |
$ 858.37 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.93 |
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Regional analysis |
APAC, Europe, North America, MEA, and South America |
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Performing market contribution |
APAC at 50% |
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Key consumer countries |
China, Germany, US, India, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Akzo Nobel NV, Axalta Coating Systems Ltd., BASF SE, Benjamin Moore and Co., Dow Inc., Kansai Paint Co. Ltd., Koninklijke DSM NV, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., and The Sherwin-Williams Co. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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