LONDON--(BUSINESS WIRE)--The wood coatings market is expected to grow by USD 3.01 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the wood coatings market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through response, recovery, and renewal phases. Download a Free Sample Report on COVID-19
The wood coatings market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to decrease as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the next normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build resilience by making effective resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure. Click here
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Related Report on Materials Industries:
Global Furniture Wood Coatings Market- The furniture wood coatings market is segmented by technology (Solvent-borne, Water-borne, Radiation-cured, and Powder coating) and geography (APAC, Europe, North America, South America, and MEA). Click Here to Get an Exclusive Free Sample Report
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Major Three Wood Coatings Market Participants:
Akzo Nobel NV
Akzo Nobel NV operates its business through various segments such as Decorative Paints, and Performance Coatings. The company offers wood finishes and color styling underwood coatings.
Arkema SA operates its business through various segments such as High-Performance Materials, Industrial Specialties, and Coating Solutions. The company offers wood coatings.
Ashland Global Holdings Inc.
Ashland Global Holdings Inc. operates its business through various segments such as Specialty Ingredients, Intermediates, and Solvents. The company offers finishes for wood that improve allure, enhance processing or usability, or improve efficacy.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/wood-coatings-market-industry-analysis
Wood Coatings Market 2020-2024: Segmentation
Wood coatings market is segmented as below:
- Stains And Varnishes
- Wood Preservatives
- North America
- South America
The wood coatings market is driven by the growing preference for energy-efficient buildings. In addition, other factors such as increasing demand from the construction industry are expected to trigger the wood coatings market toward witnessing a CAGR of over 5% during the forecast period.
Get more insights about the global trends impacting the future of wood coatings market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR45158
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.