Furniture Coatings Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
A08653 | Pages: NA | Feb 2021 | 49 Views | | |
Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Furniture Coatings Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Request Now !Furniture Coatings Market Analysis 2020-2027
Furniture coatings are protective coatings that provide high gloss and long-lasting finish. These coatings protect furniture from exposure to chemicals, liquids, changes in temperature, dirt-build up, and scratches. Furniture coatings are used on bed frames, armoires, table and chairs, kitchen furniture, bath vanity, cupboards, and office furniture. Coatings applied on the furniture have properties such as superior tannin blocking, quick drying, chemical and mechanical resistance, and sanding & stack ability.
Polyurethane and poly-acrylic based coatings are usually used to protect furniture. Main properties of these coatings are resistance to climate change, corrosion, abrasion, and chemicals.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Type, Application, Technology, and Region |
Regions covered | North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa |
Companies covered | Major players analyzed include Jotun, KAPCI Coatings, PPG, DSM, Rust-Oleum, Dupont, Sherwin-Williams, AkzoNobel, BASF, Benjamin Moore, Drywood Coatings, Kansai Paint and IVM Chemicals. |
COVID-19 Impact
- The global market for furniture coatings is severely impacted by the outbreak of the COVID-19 pandemic.
- The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns.
- Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
- Thus, insufficiency in raw material supply is expected to hamper the production rate of furniture coatings, which negatively impact the market growth.
Top impacting factors: Market Scenario Analysis, Trends and Drivers
Furniture coating market is primarily driven by the rise in demand for these coatings in the residential sector and renovation activities across the globe. Plus, increase in the number of new housing construction is predicted to boost the furniture coatings market.
Demand for furniture coatings is high in Asia-Pacific owing to the high population, urban development, and increase in new construction projects. Moreover, growing demand for sustainable products in interior applications and increase in demand for low odor and higher durability coatings are driving the demand for furniture coatings with low VOC emissions.
In terms of technology, the global furniture coatings market can be classified into water-based, solvent-based, and powder-based technologies. In the next few years, water-based technology is predicted to offer huge growth opportunities, since it more environment friendly than the solvent-based technology, as it helps lower the emission of volatile organic compounds. Demand for powder-based technology is also
increasing due to the zero emission of volatile organic compounds.
However, unpredictable raw material prices hampers the furniture coatings market growth and factors such as strict environmental rules imposed by the government & other regulatory bodies on the use of volatile organic compounds (VOC) is also anticipated to hinder the furniture coatings market in the forecasted period.
Regional Analysis
The global furniture coatings market is studied across major four regional markets including North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to be the largest market over the coming years in response to the increasing use of furniture coatings, due to its unique properties such as enduring surface finish, solvent & scratch resistance, resilience to UV light damage, resistance to general wear & tear, quick drying, superior sanding, and multi-coat & smooth finish. In addition to this, growing urbanization and rise in population is further expected to complement the growth of this region.
Key segments covered:
Segments | Subsegments |
Type |
|
Application |
|
Technology |
|
Key benefits of the report:
- This study presents the analytical depiction of the global furniture coating market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global furniture coating market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Furniture Coating market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global furniture coating market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Furniture Coating research report:
- Who are the leading market players active in the furniture coating market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the furniture coating market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
Access from any device, anywhere
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
REQUEST TOC/SAMPLE
Purchase Full Report of
Furniture Coatings Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Featured Reports
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers