Report ID: UCMIG15E2035
Report ID:
UCMIG15E2035 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Wood coating is the process of refining or protecting a wooden surface, particularly in the manufacture of furniture, where it accounts for between 5 and 30% of manufacturing costs. Furthermore, the use of wood coating improves the aesthetic appeal of the wooden object and extends its shelf life, assisting in product marketing. The demand for wood coatings is being driven by an increase in the demand for furniture and wooden products. The benefits of wood coatings, such as long-lasting surface finish, solvent and scratch resistance, resistance to UV light damage, resistance to general wear and tear, quick drying, superior sanding, and multi-coat & smooth finish application, are expected to drive up demand for wood coatings in the construction and furniture industries.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15E2035