Wood Coating Global Market Report 2022

2022-09-16 20:11:06 By : Ms. Selina WiViTouch

Major players in the wood coating market are Akzo Nobel NV, Axalta Coating Systems, BASF SE, Benjamin Moore & Co Inc, Brillux GmbH & Co KG, Diamond Vogel, ICA Group, IVM Chemicals SRL, Jotun, Kansai Paint Co Ltd, KAPCI Coatings, Drywood Coatings BV, Helios Coatings GmbH and Hempel A/S.

New York, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Wood Coating Global Market Report 2022" - https://www.reportlinker.com/p06319255/?utm_source=GNW The global wood coating market is expected to grow from $9.43 billion in 2021 to $10.02 billion in 2022 at a compound annual growth rate (CAGR) of 6.22%. The wood coating market is expected to reach $12.77 billion in 2026 at a CAGR of 6.25%. The wood coating market consists of sales of wood coatings by entities (organizations, sole traders, and partnerships) that refer to a type of substance applied on a wooden surface to protect it from harm caused by various natural and man-made environments.Wood coatings make it easy to clean and disinfect wood. It also aids in the closure of pores that can serve as bacterial breeding grounds. Coatings are the final phase in the wood finishing process and provide a pleasing appearance to wooden surfaces while allowing them to last longer and increase durability. The main types of wood coatings are preservative wood coatings, stain wood coatings, and shellac wood coatings.Shellac is a warm-colored wood finish that is simple to apply with a rag, brush, or sprayer. It dries quickly, allowing multiple coats to be applied in a single day.Shellac is an ancient natural finish. Wood coatings also include water-borne wood coatings, solvent-borne wood coatings, and powder wood coatings. These wood coatings are applied on furniture, cabinets, siding, flooring, and other applications. Asia-Pacific was the largest region in the wood coating market in 2021. The regions covered in the wood coating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The wood coating market research report is one of a series of new reports that provides wood coating market statistics, including wood coating industry global market size, regional shares, competitors with a wood coating market share, detailed wood coating market segments, market trends and opportunities, and any further data you may need to thrive in the wood coating industry. This wood coating market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The rise in the construction of new homes and house modifications are expected to propel the growth of the wood coating market.The rising demand for housing is increasing due to increasing population, rapid urbanization, economic/infrastructure development, favorable government policies/schemes for housing, and others. This rise in the construction of new homes and house modifications will create a significant demand for wood materials with wood coatings to be used in these new and modified residential homes.Wood coatings offer a desirable appearance while ensuring a long life of wooden materials used in homes. For instance, according to the new residential construction statistics released in February 2022 by the US Census Bureau and the US Department of Housing and Urban Development, in the USA, privately-owned housing starts in February 2022 reached 1,769,000 from 1,447,000 housing starts rate in February 2021, showing an increase of 22.3%. According to the Census Bureau’s new residential construction report, housing starts rose at 6.8% over February on a seasonally adjusted basis to a rate of 1.77 million annualized units. Thus, the rise in the construction of new homes and house modifications will drive the growth of the wood coating market. Eco-friendly wood coating is a key trend gaining popularity in the wood coating market.Eco-friendly coatings are made of natural/eco-friendly substances and are not harmful to the environment. Eco-friendly coatings either contribute to green living practices such as resource conservation or avoid contributing to pollution.Waxes, oils, and shellac are the most popular non-toxic, eco-friendly wood finishes on the market. Key players are focusing on offering eco-friendly wood coatings to minimize environmental impact and gain a competitive edge in the market.For instance, Centurion Wood Coatings, a US-based wood coatings company offers a range of Water-Based Coatings that are eco-friendly and provide exceptional performance with significant clarity, wood warmth, and durability. Centurion Water-Based Coatings can be applied to a variety of wood surfaces including furniture, cabinetry, wood floors, high-end architectural millwork, and all other interior wood applications. These have benefits such as non-flammability, low odor, ease of handling, and water clean-up. In March 2022, Gemini Coatings, a US-based wood coatings manufacturing company acquired Lenmar Wood Finishes & Coatings from Benjamin Moore for an undisclosed amount.With this acquisition, Gemini strengthens its mission of providing exceptional service, dependable product quality, and trusted expertise. Gemini by acquiring Lenmar will be better positioned to provide a world-class customer experience due to its dedicated employee-owners focus on the wood coatings market. Lenmar Wood Finishes & Coatings is a wood coating solutions brand of Benjamin Moore, a US-based paint and coating manufacturing company. The countries covered in the wood coating market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. Read the full report: https://www.reportlinker.com/p06319255/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________

Long-time Real Money subscribers have come to learn I like to combine investment approaches. No one investment approach (fundamental, technical, quantitative) is perfect and better results can come from blending or combining different methods. The On-Balance-Volume (OBV) line has also moved sideways suggesting a balance between buyers and sellers.

Huntsman Corp is a manufacturer and marketer of chemical products for consumers and industrial customers - assorted polyurethanes, performance products, and adhesives. The trading volume has been active since February and the On-Balance-Volume (OBV) line has been in a downward trend since February telling us that sellers of this company have been more aggressive than buyers. The OBV line is stalled and beginning to weaken.

Drug/biotech companies are likely to see significant advances in innovation in 2023. In the Large-Cap Pharmaceuticals industry, AbbVie (ABBV), Novartis (NVS), Merck (MRK) and AstraZeneca (AZN) are worth retaining in your portfolio.

Warren Buffett's Berkshire Hathaway bought a bunch of stocks during the second quarter. Notable names included Apple (NASDAQ: AAPL), Activision Blizzard (NASDAQ: ATVI), Occidental Petroleum (NYSE: OXY), and Chevron (NYSE: CVX). Buffett seems to be most bullish on Apple and Occidental Petroleum.

These highly profitable companies offer sustainable competitive advantages that make them no-brainer buys.

(Bloomberg) -- The surge in prices of lithium, the key battery material used to power electric cars, is seemingly unstoppable.Most Read from BloombergGermany Tightens Control Over Industry With Russian Oil GrabAdobe Near Deal for Online Design Startup Figma, Sources SayPutin Acknowledges Xi’s ‘Concerns’ on Ukraine, Showing TensionRay Dalio Does the Math: Rates at 4.5% Would Sink Stocks by 20%Patagonia Billionaire Who Gave Up Company Skirts $700 Million Tax HitLithium carbonate hit a fresh record

These two telecom titans dominated the U.S. market for years, but one currently has the edge as the better buy.

The latest hurdle for an auto industry in the throws of an EV (electric vehicle) transformation is more higher prices. Bloomberg reports Lithium carbonate prices hit a new record high of 500,500 yuan, or $71,315, a ton today in China, this according to data from Asian Metal Inc. Lithium is a key component of battery cell technology used in everything from EVs to mobile phones.

Almost a year ago Shell bid “Vaarwel” to the Netherlands as the oil giant simplified its convoluted dual share structure, shifted its headquarters from the Hague to London, and chose post-Brexit Britain as its true home.

Though the mining industry has been hit hard in recent years, this gold producer is going strong and continues to grow

Berlin, racing to safeguard its energy supplies before its planned ban on Russian oil imports kicks in later this year, said it would place Rosneft’s German subsidiaries under trusteeship.

Germany has seized control of three oil refineries owned by Russia’s state oil giant Rosneft, as it seeks to secure energy supplies in the wake of the Kremlin's invasion of Ukraine.

The shares have surged higher and reached our first price target. In the daily bar chart of ENPH, below, we can see that prices have reached our $321 price target. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line and moving towards a fresh outright buy signal.

(Bloomberg) -- Volkswagen AG is set to receive hundreds of millions of euros in trading profits as it offloads a massive natural-gas hedge, selling large amounts of fuel it previously purchased back into the German market.Most Read from BloombergPatagonia Billionaire Who Gave Up Company Skirts $700 Million Tax HitGermany Tightens Control Over Industry With Russian Oil GrabJeff Bezos Loses Spot as World’s Second Richest Person to Gautam AdaniPutin Acknowledges Xi’s ‘Concerns’ on Ukraine, Showing

Shares of midstream oil company Kinder Morgan (NYSE: KMI) rallied 2.5% early Wednesday and continued to maintain momentum through the day as natural gas prices rebounded dramatically. With a freight-rail strike looming large even as utilities prepare to build gas inventories ahead of winters, fears of a gas supply crunch are back to renew investor interest in top natural gas stocks. After retreating from their 14-year highs hit in mid-August, natural gas prices shot up this morning and were rallying as much as 8% as of this writing.

Dividend growers like Chevron (CVX), ExxonMobil (XOM) and Diamondback (FANG) are expected to give dividends to their investors despite volatility in the energy market.

Turbulence is brewing again in oil markets, as the Ukraine war enters a dangerous new phase and Vladimir Putin gets more desperate for leverage.

Ford dealers have until Oct. 31 to decide how much they are going to pay to become 'EV-certified.'

A recovery in demand in major end markets should enable the Zacks Chemicals Diversified industry to thrive. ALB, CC, UNVR and IOSP are set to gain from favorable industry fundamentals and strategic actions to counter cost inflation.

Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in global energy demand. That's nearly double the yearly average in the decade before the Covid-19 pandemic struck in 2020, when annual growth in global oil consumption averaged 1.2 million barrels per day (bpd). Despite economic storm clouds from Beijing to Washington, neither forecaster expects the post-pandemic rebound in oil consumption to be significantly marred by a possible recession.