PUBLISHER: Inkwood Research | PRODUCT CODE: 1481905
PUBLISHER: Inkwood Research | PRODUCT CODE: 1481905
The Europe wood coatings market is estimated to project a CAGR of 4.72% during the forecast period, 2024-2032. The increasing urbanization, fair taxation policies, and rising employment due to economic growth are the factors influencing market growth.
The Europe wood coatings market growth evaluation includes the analysis of Belgium, Italy, Spain, Germany, Poland, the United Kingdom, France, and Rest of Europe. The wood coating is used extensively to refine wood or wooden structures. It aids in protecting the product and in enhancing its life. The European region is expanding economically, which will benefit various sectors, thereby contributing to the overall market growth. The increasing residential construction activities, the large presence of automobile sectors, and the rising demand for electric cars in countries like Germany and Spain contribute to the growing demand for wood coatings. Several economies in the region rely on those specific sectors that entail immense utilization of wooden coatings, thereby offering growth opportunities. Also, the thriving economic conditions benefit the industry players and manufacturers in the market.
Some of the eminent market players are Axalta Coating Systems LLC, BASF SE, Akzo Nobel NV, etc.