Wood Preservative Coatings Market: Market Is Driven By A Rebound In Residential And Construction Investment

Wood Preservative Coatings Market Overview

According to a recent survey conducted by ChemView Consulting, the Global Wood Preservative Coatings Market grew at a CAGR of 4.2% between 2017-2021 and is estimated to be US$ 2,419.2 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.5 % and is expected to reach a valuation of US$ 3,756.9 Mn by 2032 end.

Growth in the wood preservative coatings sector is expected to be driven by a rebound in residential and construction investment. This is expected to benefit key applications such as furniture, decking, and siding.

ChemView Consulting has analyzed that Wood preservation chemicals protect against fungi and insets that attack the wooden surface. Several kinds of active ingredients are used in wood preservative chemicals and coatings – like inorganic and organic ingredients.

Wood preservation chemicals & coatings’ active ingredients do improvise wood’s life span by keeping it away from environmental factors like UV rays, mechanical abrasion, and household chemical attacks. Indoor and outdoor applications are inclined towards wood-based products due to the aesthetics around them. As such, the requirements for wood-based products are expected to increase in residential buildings, hospitals, educational institutions, and offices.

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Segments Covered in Report

By Coating Type:

  • Stains & varnishes
  • Acrylic Based
  • Shellac coating
  • Wood preservatives
  • Water repellents
  • Others

By Application Method:

  • Roll coating & brush coating
  • Vacuum coating
  • Spray coating
  • Others

By End User:

  • Furniture
  • Cabinets
  • Siding
  • Flooring & decking
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Wood Preservative Coatings Market

  • Based on the End User, Solid wood furniture is a highly valuable, high-end product that has become very popular among customers. Solid wood is a manufactured product that requires constant maintenance and care.
  • Based on the Coating type, With growing concerns about adopting environmentally safe products to conserve the planet for future generations, key players in the wood coatings market gravitated towards manufacturing natural wood finishes.
  • Based on Region, In 2021, the Europe market held a sizeable revenue share of 63.4%. This region is driven by the continuous growth of construction and infrastructure investments, increasing demand for sustainable residential buildings, escalating demand for interiors, growing adoption of eco-friendly building materials, and the increasing trend towards green building.

Competition Summary

Key companies covered in the market study are AkzoNobel N.V., Sherwin Williams, PPG Industries, Nippon Paint Holdings, Axalta, RPM International, Kelly-Moore Paint Company Inc., Vermont Natural Coatings Inc, Weilburger Coatings GmbH, Sniezka S.A.

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

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