Wood Coating Resins Market Key Players Analysis 2031
The applications for wood coating resins have increased in the wood processing and furniture industries. Wood coating resins are organic compounds that are used in improving aesthetic beauty and impart toughness and durability to the wood. Recently, the production of environmental-friendly wood coating resins has also driven the demand for wood coating resins. These coating resins can be used on almost all types of woodwork in a house, including doors, windows, cabinets, flooring, decorations, and other furniture. With the properties of the resin that help protect the wood from deterioration and improve its toughness, the demand for wood coatings is expected to increase further in the coming years.
MARKET DYNAMICS
Wood coating resins are primarily applied on wood and furniture in a house which include cabinets, doors, windows, and flooring, among others. The rising demand for environmentally-friendly wood coatings is expected to drive the wood coating resins market during the forecast period, along with the increasing use of polyurethane-based wood coating resins. However, the cost of water-based wood coating resins, the increased use of particle boards, and various metal products for furniture manufacturing are expected to hamper the wood coating resins market growth.
MARKET SCOPE
The "global Wood coating resins market analysis to 2031" is a specialized and in-depth study of the chemical and material industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the wood coating resins market with detailed market segmentation by resin type and end-user. The global wood coating resins market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading wood coating resins market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global wood coating resins market is segmented into resin type and end-user. By resin, the wood coating resins market is classified into polyurethane, acrylic, epoxy, alkyd, nitrocellulose and polyester. By end user, the wood coating resins market is classified into furniture, cabinets, doors and windows and flooring.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global wood coating resins market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The wood coating resins market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the wood coating resins market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i. e. , drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the wood coating resins market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global wood coating resins market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The wood coating resins market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the wood coating resins market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i. e. , drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the wood coating resins market in these regions.
MARKET PLAYERS
The report covers vital developments in the wood coating resins market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the wood coating resins market are anticipated to witness lucrative growth opportunities in the future with the rising demand wood coating resins in the global market. Below mentioned is the list of few companies engaged in the wood coating resins market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wood coating resins market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Allnex
- Arkema Group
- Dynea
- Helios Group
- Ivm Group
- BASF SE
- Covestro
- Evonik Industries AG
- Wacker Chemie
- THE SHERWIN WILLIAMS COMPANY
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1. 1. SCOPE OF THE STUDY
1. 2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1. 3. MARKET SEGMENTATION
1. 3. 1 Wood Coating Resins Market - By Resin Type
1. 3. 2 Wood Coating Resins Market - By End-user
1. 3. 3 Wood Coating Resins Market - By Region
1. 3. 3. 1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WOOD COATING RESINS MARKET LANDSCAPE
4. 1. OVERVIEW
4. 2. PORTER'S FIVE FORCES ANALYSIS
4. 2. 1 Bargaining Power of Buyers
4. 2. 1 Bargaining Power of Suppliers
4. 2. 1 Threat of Substitute
4. 2. 1 Threat of New Entrants
4. 2. 1 Competitive Rivalry
4. 3. EXPERT OPINIONS
5. WOOD COATING RESINS MARKET - KEY MARKET DYNAMICS
5. 1. KEY MARKET DRIVERS
5. 2. KEY MARKET RESTRAINTS
5. 3. KEY MARKET OPPORTUNITIES
5. 4. FUTURE TRENDS
5. 5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. WOOD COATING RESINS MARKET - GLOBAL MARKET ANALYSIS
6. 1. WOOD COATING RESINS - GLOBAL MARKET OVERVIEW
6. 2. WOOD COATING RESINS - GLOBAL MARKET AND FORECAST TO 2028
6. 3. MARKET POSITIONING
7. WOOD COATING RESINS MARKET - REVENUE AND FORECASTS TO 2028 - RESIN TYPE
7. 1. OVERVIEW
7. 2. RESIN TYPE MARKET FORECASTS AND ANALYSIS
7. 3. POLYURETHANE
7. 3. 1. Overview
7. 3. 2. Polyurethane Market Forecast and Analysis
7. 4. ACRYLIC
7. 4. 1. Overview
7. 4. 2. Acrylic Market Forecast and Analysis
7. 5. EPOXY
7. 5. 1. Overview
7. 5. 2. Epoxy Market Forecast and Analysis
7. 6. ALKYD
7. 6. 1. Overview
7. 6. 2. Alkyd Market Forecast and Analysis
7. 7. NITROCELLULOSE
7. 7. 1. Overview
7. 7. 2. Nitrocellulose Market Forecast and Analysis
7. 8. POLYESTER
7. 8. 1. Overview
7. 8. 2. Polyester Market Forecast and Analysis
8. WOOD COATING RESINS MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8. 1. OVERVIEW
8. 2. END-USER MARKET FORECASTS AND ANALYSIS
8. 3. FURNITURE
8. 3. 1. Overview
8. 3. 2. Furniture Market Forecast and Analysis
8. 4. CABINETS
8. 4. 1. Overview
8. 4. 2. Cabinets Market Forecast and Analysis
8. 5. DOORS AND WINDOWS
8. 5. 1. Overview
8. 5. 2. Doors and Windows Market Forecast and Analysis
8. 6. FLOORING
8. 6. 1. Overview
8. 6. 2. Flooring Market Forecast and Analysis
9. WOOD COATING RESINS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9. 1. NORTH AMERICA
9. 1. 1 North America Wood Coating Resins Market Overview
9. 1. 2 North America Wood Coating Resins Market Forecasts and Analysis
9. 1. 3 North America Wood Coating Resins Market Forecasts and Analysis - By Resin Type
9. 1. 4 North America Wood Coating Resins Market Forecasts and Analysis - By End-user
9. 1. 5 North America Wood Coating Resins Market Forecasts and Analysis - By Countries
9. 1. 5. 1 United States Wood Coating Resins Market
9. 1. 5. 1. 1 United States Wood Coating Resins Market by Resin Type
9. 1. 5. 1. 2 United States Wood Coating Resins Market by End-user
9. 1. 5. 2 Canada Wood Coating Resins Market
9. 1. 5. 2. 1 Canada Wood Coating Resins Market by Resin Type
9. 1. 5. 2. 2 Canada Wood Coating Resins Market by End-user
9. 1. 5. 3 Mexico Wood Coating Resins Market
9. 1. 5. 3. 1 Mexico Wood Coating Resins Market by Resin Type
9. 1. 5. 3. 2 Mexico Wood Coating Resins Market by End-user
9. 2. EUROPE
9. 2. 1 Europe Wood Coating Resins Market Overview
9. 2. 2 Europe Wood Coating Resins Market Forecasts and Analysis
9. 2. 3 Europe Wood Coating Resins Market Forecasts and Analysis - By Resin Type
9. 2. 4 Europe Wood Coating Resins Market Forecasts and Analysis - By End-user
9. 2. 5 Europe Wood Coating Resins Market Forecasts and Analysis - By Countries
9. 2. 5. 1 Germany Wood Coating Resins Market
9. 2. 5. 1. 1 Germany Wood Coating Resins Market by Resin Type
9. 2. 5. 1. 2 Germany Wood Coating Resins Market by End-user
9. 2. 5. 2 France Wood Coating Resins Market
9. 2. 5. 2. 1 France Wood Coating Resins Market by Resin Type
9. 2. 5. 2. 2 France Wood Coating Resins Market by End-user
9. 2. 5. 3 Italy Wood Coating Resins Market
9. 2. 5. 3. 1 Italy Wood Coating Resins Market by Resin Type
9. 2. 5. 3. 2 Italy Wood Coating Resins Market by End-user
9. 2. 5. 4 United Kingdom Wood Coating Resins Market
9. 2. 5. 4. 1 United Kingdom Wood Coating Resins Market by Resin Type
9. 2. 5. 4. 2 United Kingdom Wood Coating Resins Market by End-user
9. 2. 5. 5 Russia Wood Coating Resins Market
9. 2. 5. 5. 1 Russia Wood Coating Resins Market by Resin Type
9. 2. 5. 5. 2 Russia Wood Coating Resins Market by End-user
9. 2. 5. 6 Rest of Europe Wood Coating Resins Market
9. 2. 5. 6. 1 Rest of Europe Wood Coating Resins Market by Resin Type
9. 2. 5. 6. 2 Rest of Europe Wood Coating Resins Market by End-user
9. 3. ASIA-PACIFIC
9. 3. 1 Asia-Pacific Wood Coating Resins Market Overview
9. 3. 2 Asia-Pacific Wood Coating Resins Market Forecasts and Analysis
9. 3. 3 Asia-Pacific Wood Coating Resins Market Forecasts and Analysis - By Resin Type
9. 3. 4 Asia-Pacific Wood Coating Resins Market Forecasts and Analysis - By End-user
9. 3. 5 Asia-Pacific Wood Coating Resins Market Forecasts and Analysis - By Countries
9. 3. 5. 1 Australia Wood Coating Resins Market
9. 3. 5. 1. 1 Australia Wood Coating Resins Market by Resin Type
9. 3. 5. 1. 2 Australia Wood Coating Resins Market by End-user
9. 3. 5. 2 China Wood Coating Resins Market
9. 3. 5. 2. 1 China Wood Coating Resins Market by Resin Type
9. 3. 5. 2. 2 China Wood Coating Resins Market by End-user
9. 3. 5. 3 India Wood Coating Resins Market
9. 3. 5. 3. 1 India Wood Coating Resins Market by Resin Type
9. 3. 5. 3. 2 India Wood Coating Resins Market by End-user
9. 3. 5. 4 Japan Wood Coating Resins Market
9. 3. 5. 4. 1 Japan Wood Coating Resins Market by Resin Type
9. 3. 5. 4. 2 Japan Wood Coating Resins Market by End-user
9. 3. 5. 5 South Korea Wood Coating Resins Market
9. 3. 5. 5. 1 South Korea Wood Coating Resins Market by Resin Type
9. 3. 5. 5. 2 South Korea Wood Coating Resins Market by End-user
9. 3. 5. 6 Rest of Asia-Pacific Wood Coating Resins Market
9. 3. 5. 6. 1 Rest of Asia-Pacific Wood Coating Resins Market by Resin Type
9. 3. 5. 6. 2 Rest of Asia-Pacific Wood Coating Resins Market by End-user
9. 4. MIDDLE EAST AND AFRICA
9. 4. 1 Middle East and Africa Wood Coating Resins Market Overview
9. 4. 2 Middle East and Africa Wood Coating Resins Market Forecasts and Analysis
9. 4. 3 Middle East and Africa Wood Coating Resins Market Forecasts and Analysis - By Resin Type
9. 4. 4 Middle East and Africa Wood Coating Resins Market Forecasts and Analysis - By End-user
9. 4. 5 Middle East and Africa Wood Coating Resins Market Forecasts and Analysis - By Countries
9. 4. 5. 1 South Africa Wood Coating Resins Market
9. 4. 5. 1. 1 South Africa Wood Coating Resins Market by Resin Type
9. 4. 5. 1. 2 South Africa Wood Coating Resins Market by End-user
9. 4. 5. 2 Saudi Arabia Wood Coating Resins Market
9. 4. 5. 2. 1 Saudi Arabia Wood Coating Resins Market by Resin Type
9. 4. 5. 2. 2 Saudi Arabia Wood Coating Resins Market by End-user
9. 4. 5. 3 U. A. E Wood Coating Resins Market
9. 4. 5. 3. 1 U. A. E Wood Coating Resins Market by Resin Type
9. 4. 5. 3. 2 U. A. E Wood Coating Resins Market by End-user
9. 4. 5. 4 Rest of Middle East and Africa Wood Coating Resins Market
9. 4. 5. 4. 1 Rest of Middle East and Africa Wood Coating Resins Market by Resin Type
9. 4. 5. 4. 2 Rest of Middle East and Africa Wood Coating Resins Market by End-user
9. 5. SOUTH AND CENTRAL AMERICA
9. 5. 1 South and Central America Wood Coating Resins Market Overview
9. 5. 2 South and Central America Wood Coating Resins Market Forecasts and Analysis
9. 5. 3 South and Central America Wood Coating Resins Market Forecasts and Analysis - By Resin Type
9. 5. 4 South and Central America Wood Coating Resins Market Forecasts and Analysis - By End-user
9. 5. 5 South and Central America Wood Coating Resins Market Forecasts and Analysis - By Countries
9. 5. 5. 1 Brazil Wood Coating Resins Market
9. 5. 5. 1. 1 Brazil Wood Coating Resins Market by Resin Type
9. 5. 5. 1. 2 Brazil Wood Coating Resins Market by End-user
9. 5. 5. 2 Argentina Wood Coating Resins Market
9. 5. 5. 2. 1 Argentina Wood Coating Resins Market by Resin Type
9. 5. 5. 2. 2 Argentina Wood Coating Resins Market by End-user
9. 5. 5. 3 Rest of South and Central America Wood Coating Resins Market
9. 5. 5. 3. 1 Rest of South and Central America Wood Coating Resins Market by Resin Type
9. 5. 5. 3. 2 Rest of South and Central America Wood Coating Resins Market by End-user
10. INDUSTRY LANDSCAPE
10. 1. MERGERS AND ACQUISITIONS
10. 2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10. 3. NEW PRODUCT LAUNCHES
10. 4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. WOOD COATING RESINS MARKET, KEY COMPANY PROFILES
11. 1. ALLNEX,ARKEMA GROUP,DYNEA,HELIOS GROUP,IVM GROUP,BASF SE,COVESTRO,EVONIK INDUSTRIES AG,WACKER CHEMIE,THE SHERWIN WILLIAMS COMPANY
11. 1. 1. Key Facts
11. 1. 2. Business Description
11. 1. 3. Products and Services
11. 1. 4. Financial Overview
11. 1. 5. SWOT Analysis
11. 1. 6. Key Developments
12. APPENDIX
12. 1. ABOUT THE INSIGHT PARTNERS
12. 2. GLOSSARY OF TERMS
The List Of Companies
- Allnex,
- Arkema Group
- Dynea
- Helios Group
- Ivm Group
- BASF SE
- Covestro
- Evonik Industries AG
- Wacker Chemie
- THE SHERWIN WILLIAMS COMPANY
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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