European Coatings Journal - 15.09.2020 | WOOD COATINGS MARKET REPORT


The global market for wood coatings is expected to grow from 3.3 million tons in 2019 to 3.9 million tons by 2024, at a compound annual growth rate (CAGR) of 3.7 %. Market researchers from Markets and Markets (MaM) also expect demand for wood coatings to be strongly influenced by environmental legislation and economic constraints in the construction industry. With the increase in the residential sector, the market for wood coatings has experienced significant growth. The growth of the residential sector has led to the emergence of Do-It-Yourself (DIY) coatings, which protect a wooden ...
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