What is Anticorrosive Wood Lacquers Market?
Wood lacquer is a special liquid which is painted on wood in order to protect it and to make it shiny. The wood lacquers have always correlated with the housing market and existing home sales as staining. Growth in the industry will primarily be driven by a rebound in residential construction activity. Consumers are becoming increasingly interested in the interior and exterior finish of their wood surfaces, and the wood coatings segment is expected to grow.
The market study is being classified by Type (Water-Based and Solvent-Based), by Application (Furniture & Decking, Construction and Others) and major geographies with country level break-up.
Nippon Paint (Japan), Akzo Nobel (Netherlands), PPG (United States), BASF(Germany), 3M (United States), Sherwin-Williams (United States), Valspar (United States), Jotun (Norway), RPM International (United States) and Sika (Switzerland) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Kansai Paint (Japan), HB Fuller (United States), Carpoly (China) and Maydos (China).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Anticorrosive Wood Lacquers market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Anticorrosive Wood Lacquers market by Type, Application and Region.
On the basis of geography, the market of Anticorrosive Wood Lacquers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Disposable Income Worldwide
- Increasing Urbanized Population
Market Trend
- Demand for Building Renovation and Remodeling
Restraints
- Rising Competition and New Product Developments
Opportunities
- High Demand in Market because of Easy Finishing, Touch-Up and Repair Process
- Growth in Housing Market
Challenges
- Availability of Non-Wood Materials
Key Target Audience
Anticorrosive Wood Lacquers Manufacturer, Supplier/Distributor, Raw Material Supplier and Others