Wood Coatings Market Key Players, Trends, Growth Opportunities and Industry Forecast till 2025
“Globally, the market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the wood coating market.�
The global wood coatings market is subject to witness a substantial growth due to the growing demand from housing market and retail sector. Growing demand of wood coatings from housing market is credited to booming buildings & construction industry, thus driving market growth over the forecast period. Additionally, increasing benefits of wood coatings over other coatings such as metal, polyuria coating, and plastic coating are expected to fuel the growth of the market in upcoming years. Globally, the market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the wood coating market. Growing popularity of wood coatings in marine applications to build decks, rooftops and doors are anticipated to boost market growth. Increasing adoption of wood coatings in manufacturing of structural panels is likely to drive market expansion. However, higher cost of wood coatings in comparison with the other types of coats are substantially hampering market growth. Increasing demand of the wood coatings form automotive industry for applications such as automotive flooring are anticipated to expand mark et reach of wood coatings sheet industry during the forecast period. Application of wood coatings include building & construction industry, automotive sector, housing market, marine industry, and interior design industry. These wide range applications of wood coatings sheet are expected to amplify growth of wood coatings industry in upcoming years. Easy availability of wood in