APAC Region will lead the largest growth of the Water-borne Wood Coatings Market
Technavio has been monitoring the water-borne wood coatings market size and it is expected to grow up to USD 858.37 million, accelerating at a CAGR of 6.53% during the forecast period. 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. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
Water-borne Wood Coatings Market Report Analysis: View Sample Report
Water-borne Wood Coatings Market: APAC to lead market growth during the forecast period
- 50% of the market growth will originate from APAC during the forecast period.
- China and India are the key markets for water-borne wood coatings in APAC.
- Increasing government regulations on limiting voc content will be a key trend that will influence market growth significantly.
- The Expeditious growth in wooden furniture market in APAC will be a significant factor in driving the growth of the water-borne wood coatings market.
Water-borne Wood Coatings Market: Key Competitors
- The market is fragmented and the degree of fragmentation will accelerate during the forecast period.
- The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
- 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. are some of the major market participants.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. Download PDF Sample Report
Water-borne Wood Coatings Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive water-borne wood coatings market growth during the next five years
- Precise estimation of the water-borne wood coatings market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the water-borne wood coatings market industry across APAC, Europe, North America, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of water-borne wood coatings market vendors