wood coating resins market Research Study, Analysis 2029

 Data Bridge Market Research analyses that the wood coating resins market will witness a CAGR of 11.80% for the forecast period of 2022-2029 and is likely to reach at USD 58.85 billion by 2029.

Wood coating is used in refinement and protection of wood or wood created structures, helps to extend the merchandise life. Wood coating helps to boost the visual cues of wood objects, as this helps to plug the merchandise.

The water borne technology is majorly used technology is the major factor accelerating the growth of the wood coating resins market. Furthermore, durability of the coating resins, eco-friendly nature of the wood coating resins, gives better performance, it’s a healthier coating option and provides artistic look housing and real estate are also expected to drive the growth of the wood coating resins market. However, stringent environmental rules imposed by government on the use of volatile compounds in production of wood coatings restrains the wood coating resins market, whereas, the prices associated with levels of waterborne coatings in comparison with solvent-borne equivalents, heavy consumption of solvent-borne coatings that are irregular with VOC regulations will challenge market growth.



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