DALLAS, TX - The global wood coating market is will reach an estimated $9.72 Billion by 2020, for a compound annual growth rate of 4.77% between 2015 and 2020.
The study by MarketsandMarkets says the wood coating market, which includes primarily the construction and furniture industries, names the Asia-Pacific region as the fastest-growing segment, in terms of volume - a result of heavy investment across building & construction industries.
R&D is a key part of this market, with manufacturing companies like Akzonobel, Valspar, Asian Paints, Sayerlack, RPM International, Sherwin-Williams, Kelly-Moore Paint, Katilac Coatings Inc., Ashoka Group, and Sterling Polymers and Chemicals along with end-product manufacturers, making high investments. The current market size of the wood coating in terms of value is estimated to be around 2.78 Million tons in 2015 and is projected to grow at a CAGR of 5.30% between 2015 and 2020. Learn more from MarketsandMarkets
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