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The wood coatings market size is forecast to increase by USD 3.62 billion at a CAGR of 5.27% between 2023 and 2028. The market is experiencing significant growth due to increasing demand from developing countries and a focus on circular economy principles. This trend is driven by the rising popularity of sustainable practices and the increasing awareness of the importance of recycling. However, the market is also subject to regulatory challenges, with stringent standards being imposed on the use of certain chemicals in wood coatings. Powder coatings, such as those used for seats and kitchen cabinets, continue to gain popularity due to their design freedoms and ease of application. Laminating processes, which involve bonding multiple layers of material together, are also on the rise. Traditional technologies, such as solvent-borne and polyester coatings, are being replaced by more eco-friendly alternatives like water-borne and UV-cured coatings. Acid-curing and UV-cured technology are also gaining traction due to their faster curing times and lower environmental impact. The market is expected to continue evolving, with new technologies and applications emerging to meet the changing needs of consumers and regulatory bodies.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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