Global Wood Coatings Market Growth & Trends, 2018-2023 - Furniture & Fixtures to Dominate with a Share of ~60% - ResearchAndMarkets.com

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The "Global Wood Coatings Market - Segmented by Technology, Resin Type and Application - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global wood coatings market registered value of USD 8818.46 million, in 2017. It is expected to witness a moderate CAGR during the forecast period, 2018 to 2023. The furniture & fixtures application is expected to be the largest segment with a share of ~60%, followed by decks & cabinets in 2017.

Increasing Furniture Production in China to Drive the Market: China's furniture manufacturing industry revenue rose from 32.7 billion Yuan in 2000 to 787.3 billion Yuan in 2015, with an average annual growth rate of 24%. China's furniture exports maintained double digit growth for many years, since 2009, exports remained stable at high levels. At present, China is the world's largest furniture exporter and furniture consumer market. China's furniture industry exports, in 2015, amounted to 199.36 billion Yuan, an increase of 1.69% year on year. This huge growth in the furniture production in China is expected to drive the wood coatings market.

Key Developments in the Market

  • April 2017: Teknos completed the acquisition of Feyco Treffert, a company specializing in wood coatings, and Schekolin AG. The acquisition is expected to provide Teknos with access to new markets in Switzerland, Malaysia, and the United States, and strengthen its position in the global wood segment.

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation Analysis

6. Regional Market Analysis

7. Future of the market

8. Competitive Landscape

9. Company Profiles

  • Akzo Nobel N.V
  • Benjamin Moore & Co. Inc.
  • Diamond Vogel Paint Company
  • DowDuPont
  • Drywood Coatings BV
  • Helios Coatings GmbH
  • ICA Group
  • IVM Chemicals srl
  • Kansai Paint Co. Ltd.
  • KAPCI Coatings Co.
  • Kelly-Moore Paint Company Inc.
  • Minwax Company
  • Nippon Paint Co. Ltd.
  • NTC Nano Tech Coatings GmbH
  • PPG Industries Inc.
  • Renner Sayerlack S.A.
  • RPM International Inc.
  • Sherwin-Williams Company
  • Sirca SpA
  • Sniezka S.A.
  • Teknos Group Oy
  • Vermont Natural Coatings Inc.
  • Weilburger Coatings GmbH

For more information about this report visit https://www.researchandmarkets.com/research/7c4z4v/global_wood?w=4

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Business Wire: 13:31 GMT Monday 16th April 2018

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