Wood Coating Resin Market Insights:
Wood Coating Resin Market was valued at USD 4.26 Billion in 2021 and is anticipated to grow at a CAGR of 6.2% and is expected to reach USD 7.32 Billion by 2030.
The increased adoption of Wood Coating Resin in the Petrochemicals industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Wood Coating Resin also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Wood Coating Resin in many sectors also boosts the market growth during the forecast period.
The wood coating resin market refers to the market for resins used to coat wood surfaces in order to protect them from damage and decay. These resins are typically applied as a clear coat or a colored stain and can be used on a variety of wood products, including furniture, flooring, decks, and siding.
Wood Coating Resin Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Resin Type (Epoxy resin, Amino resin, Alkyd resin, Polyurethane resin, Unsaturated polyester resin, Saturated polyester resin, Acrylic resin, Vinyl resin, Other), By Application (Automotive coatings, Marine & protective coatings, Architectural coatings, General industrial coatings, Packaging coatings, Wood coatings, Others), By Technology (Solvent-borne coatings, Powder coatings, Waterborne coatings, High solids coatings, Radiation curable coatings, Others), and companies (Dynea AS, Polynt Spa, Sirca Spa, IVM Group, and Helios Group, Arkema S.A., Nuplex Industries Limited, Koninklijke DSM N.V., Allnex S.à.r.l., Synthopol Chemie Dr. rer. pol. Koch GmbH & Co. KG), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 6.2%, over the forecast period of 2022–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||7.32 Billion|
|By Resin Type||Epoxy resin, Amino resin, Alkyd resin, Polyurethane resin, Unsaturated polyester resin, Saturated polyester resin, Acrylic resin, Vinyl resin, Other|
|By Application||Automotive coatings, Marine & protective coatings, Architectural coatings, General industrial coatings, Packaging coatings, Wood coatings, Others|
|By Technology||Solvent-borne coatings, Powder coatings, Waterborne coatings, High solids coatings, Radiation curable coatings, Others|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Dynea AS, Polynt Spa, Sirca Spa, IVM Group, and Helios Group, Arkema S.A., Nuplex Industries Limited, Koninklijke DSM N.V., Allnex S.à.r.l., Synthopol Chemie Dr. rer. pol. Koch GmbH & Co. KG|
The COVID-19 pandemic has had a substantial negative influence on the Wood Coating Resin market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Dynea AS, Polynt Spa, Sirca Spa, IVM Group, and Helios Group, Arkema S.A., Nuplex Industries Limited, Koninklijke DSM N.V., Allnex S.à.r.l., Synthopol Chemie Dr. rer. pol. Koch GmbH & Co. KG
Market Segment Analysis:
By Resin type
- Epoxy resin
- Amino resin
- Alkyd resin
- Polyurethane resin
- Unsaturated polyester resin
- Saturated polyester resin
- Acrylic resin
- Vinyl resin
- Automotive coatings
- Marine & protective coatings
- Architectural coatings
- General industrial coatings
- Packaging coatings
- Wood coatings
- Solvent-borne coatings
- Powder coatings
- Waterborne coatings
- High solids coatings
- Radiation curable coatings
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Wood Coating Resin industries in the region.
Key Wood Coating Resin Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Wood Coating Resin Market segments.
– Largest Market Share Held by Industry to Industry for Wood Coating Resin
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Wood Coating Resin Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
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