The North America wood coatings market is predicted to grow significantly at a CAGR of 6.84% in terms of revenue during the forecast period 2019-2027. The market is also expected to grow with a CAGR of 6.26% in terms of volume.
The United States and Canada together form the North America market for wood coatings.
With an increase in the construction industry, the standard of living, and tourism, the demand for wooden items such as tables, chairs, sofas, shelves, beds, and cupboards, has been growing significantly. By resin type, the polyurethane segment drives the wood coatings market owing to the growing use of polyurethane coatings in various sectors like architectural, commercial, and housing. Wood coatings are extensively used for its benefits, such as finishing, scratch resistance, quick-drying, and resilience to UV light damage. However, stringent environmental schemes introduced by the governments restrain the demand for wood coatings.
Canada is the fastest-growing country in the North American wood coatings market, as well as the fourth-largest manufacturer of wooden furniture in the world. It is expected that the demand for wood coatings in Canada will see compelling growth owing to the increase in the demand for smart homes, which mostly consist of wooden floorings that require radiation-cured coatings. In addition, unique chemical formulations and product developments are predicted to stimulate the demand for wood coatings.
Key Topics Covered:
1. North America Wood Coatings Market - Summary
2. Industry Outlook
2.1. Market Definition
2.2. Porter's Five Forces Model
2.2.1. Threat of New Entrants
2.2.2. Threat of Substitute
2.2.3. Bargaining Power of Buyers
2.2.4. Bargaining Power of Suppliers
2.2.5. Threat of Competitive Rivalry
2.3. Value Chain Outlook
2.4. Regulatory Outlook
2.5. Market Position Outlook
2.6. Key Insights
2.7. Market Attractiveness Index
2.8. Market Drivers
2.8.1. Rise in the Disposable Income of Consumers
2.8.2. Growth in the Construction Activities
2.9. Market Restraints
2.9.1. Rise in the Volatile Materials
2.9.2. Changing Raw Material Prices
2.10. Market Opportunities
2.10.1. Opportunities in Radiation Cure Coatings
2.10.2. Technological Advancements
2.11. Market Challenges
2.11.1. Stringent Regulations Related to the Environment
3. Wood Coatings Market Outlook - By Resin Type
3.4. Unsaturated Polyester
3.5. Other Resin Type
4. Wood Coatings Market Outlook - By Technology
4.2. Conventional Solvent-Borne
4.3. High Solid Solvent-Borne
4.4. Powder Coating
4.5. Radiation Cured
4.6. Other Technology
5. Wood Coatings Market Outlook - By Application
5.4. Other Application
6. Wood Coatings Market - Regional Outlook
6.1. North America
6.1.1. Country Analysis
126.96.36.199. the United States
7. Company Profiles
7.1. Axalta Coating Systems
7.2. Akzo Nobel N.V.
7.3. Benjamin Moore & Co
7.4. Nippon Paint Holdings Co., Ltd.
7.5. Basf Se
7.6. Rpm International Inc.
7.7. Kapci Coatings
7.8. Eastman Chemical Company
7.9. Helios Coatings Inc.
7.10. Dowdupont Inc.
7.11. Ppg Industries Inc.
7.12. the Sherwin-Williams Company
7.13. Ica Gruppen Ab (Ica)
7.14. Kansai Paint Co., Ltd.
7.15. Minwax Company
8. Research Methodology & Scope
8.1. Research Scope & Deliverables
8.1.1. Objectives of Study
8.1.2. Scope of Study
8.2. Sources of Data
8.2.1. Primary Data Sources
8.2.2. Secondary Data Sources
8.3. Research Methodology
8.3.1. Evaluation of Proposed Market
8.3.2. Identification of Data Sources
8.3.3. Assessment of Market Determinants
8.3.4. Data Collection
8.3.5. Data Validation & Analysis
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