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North America Wood Coatings Market Forecast 2019-2027

The North America wood coatings market is expected to witness the highest growth in terms of revenue, recording a CAGR of 6.65% during the forecast period. In terms of volume, the market is expected to record a CAGR of 6.14% during the forecast period. The consistent technological advancements as a result of investments in R&D is the key factor propelling the market growth in North America.

The North America wood coatings market is determined based on the markets situated across the regions of the United States and Canada. Canada was the world's fourth-largest manufacturer of wooden furniture in 2017. The growing disposable income and increasing construction activities are propelling market growth. The usage of radiation-cured wooden coatings is increasing owing to the advantages like high productivity, non-flammability, excellent curing speed, etc. This results in ample growth opportunities for market growth due to its small share in the market. The increasing residential maintenance activities, which entails recoating of the wooden products, is contributing to the development of the wood coatings market.

There are numerous companies operating in the market owing to the market growth opportunities. Some of the major companies are ICA Gruppen Ab (ICA), Axalta Coating Systems, Eastman Chemical Company, Helios Coatings Inc., Benjamin Moore & Co., Kapci Coatings, Basf SE, Kansai Paint Co. Ltd., Dowdupont Inc., etc.

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North America Wood Coatings Market Forecast 2019-2027
Published By :Inkwood Research
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