CHALLENGING MARKET ENVIRONMENT

摘要

As wood remains a popular building material,the forecasts of the market research institute Markets and Markets for the further development of the wood coatings market sound positive.The global volume should increase by 2024.Yet,the outlook of industry players sounds more cautious than that of the market researchers,as the wood coatings manufacturers tend to assume stagnation.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.