The global construction industry is growing at a rapid pace since the past few years. Overall population growth coupled with fast growing economies such as China and India, increased per capita income in emerging economies, and lower unemployment rat ....see more
The Perlite market size is expected to reach USD 1.9 billion by 2025, at a CAGR of 6.3% during the forecast period. Perlite is a diversified and competitive market with a large number of global players and few regional and local players. Imerys Minerals (UK), Keltech Energies Ltd. (India),Dupré Minerals (England), Amol Minechem (India) are some of the key players in the market.
The road marking materials market is expected to grow from USD 6.1 billion in 2020 to USD 7.5 billion by 2025 at a compound annual growth rate (CAGR) of 4.4% during the forecast period.The Sherwin-Williams Company (US), Ennis-Flint, Inc. (US), SWARCO AG (Austria), Geveko Markings (Denmark), SealMaster (US), 3M (US), Aximum (France), Rembrandtin Lack GmbH Nfg. KG (Austria), Crown Technology, LLC (US), Basler Lacke (Switzerland), and Ozark Materials, LLC (US) are the key players in road marking materials market.
The structural insulated panels market is expected to grow from USD 405 million in 2020 to USD 517 million by 2025 at a compound annual growth rate (CAGR) of 5.0% during the forecast period.Owens Corning (US), Kingspan Group (Ireland), PFB Corporation (Canada), Alubel SpA (Italy), Enercept, Inc. (US), and Extreme Panel Technologies, Inc. (US) are the key players operating in the structural insulated panels market. Acquisitions, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the structural insulated panels market.
In 2020, the marble market is expected to grow USD 16 billion by 2025, at a CAGR of 3.6% during the forecasting period. Key market players covered in this report includes Levantina y Asociados de Minerales, S.A. (Spain), Temmer Marble (Turkey), Hellenic Granite Company (Greece), Fox Marble Holdings plc (UK), California Crafted Marble, Inc. (US), Topalidis S.A. (Greece), Dimpomar - Rochas Portuguesas Lda (Portugal), Polycor Inc. (Canada), Asian Granito India Limited (India), NAMCO CO. srl (Italy), Dal-Tile Corporation (US), Kangli Stone Group (China), Hilltop Granites (India), First Marble & Granite (Qatar), Santucci Group (Italy), Classic Marble Company (India), and DELTA Marble, Mining, Construction Import and Export Inc. (Turkey) among others.
The global fiber cement market size is projected to grow from USD 16.4 billion in 2020 to USD 20.3 billion by 2025, at a CAGR of 4.4% from 2020 to 2025. The demand for fiber cement can be attributed to the increase in demand for fiber cement products for construction activities, with the rise in government regulations on use of asbestos, across the globe. Factors such as high demand contractors for environmentally friendly & sustainable construction products across the world are driving the demand for fiber cement products.
The Autoclaved Aerated Concrete (AAC) Market is expected to grow from USD 18.8 billion in 2020 to USD 25.2 billion by 2025, at a CAGR of 6.0% during the forecast period. Major players operating in the global AAC market include Buildmate Projects Pvt. Ltd. (India), Biltech Building Elements Limited (India), AKG Gazbeton (Turkey), Aercon Florida Llc (US), Solbet Sp Z.O.O. (Poland), UAL Industries Ltd (India), H+H International A/S (Denmark), JK Lakshmi Cement (India), Xella Group (Germany), CSR Ltd. (Australia), UltraTech Cement Ltd. (India), Quinn Building Products (UK), Bauroc International AS (Estonia), and Wehrhahn GmbH (Germany).
The global IoT in construction market size is projected to grow from USD 12,364.7 million in 2022 to USD 26,534.7 million by 2027, at a CAGR of 16.5% during the forecast period. Key players operating in the IoT in construction market are Caterpillar Inc. (US), Oracle Corporation (US), Hitachi Ltd. (Japan), CalAmp Corp. (US), Sigfox (France), and Autodesk Inc. (US).
The stucco market is expected to grow from USD 10.9 billion in 2019 to USD 13.4 billion by 2024, at a compound annual growth rate (CAGR) of 4.2% during the forecast period.Key players such as Sika AG (Switzerland) and The Quikrete Companies (US) adopted acquisitions and new product developments to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the stucco market.
The industrial floor coating market is expected to grow from USD 5.5 billion in 2019 to USD 6.8 billion by 2024, at a compound annual growth rate (CAGR) of 4.6% during the forecast period.Key players, such as PPG Industries, Inc. (US), AkzoNobel N.V. (The Netherlands), The Sherwin-Williams Company (US), BASF SE (Germany), and RPM International Inc. (US), have adopted these strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the industrial floor coating market.
The global concrete superplasticizers market size is expected to grow USD 7.3 billion by 2024, at a CAGR of 7.4% during the forecasting period. Arkema (France), Sika (Switzerland), BASF (Germany), GCP Applied Technologies (US), Mapei (Italy), Kao Corporation (Japan), Enaspol (Czech Republic), Concrete Additives and Chemicals (India), Rhein-Chemotechnik (Germany), and Rain Carbon (US) are a few active players in the concrete superplasticizers market.
The rainscreen cladding market is expected to grow USD 14.3 billion by 2024, at a CAGR of 7.1% during the forecasting period. Kingspan Insulation (UK), Sika (Switzerland), Rockwool International A/S (Denmark), Everest Industries Limited (Denmark), and Sotech Architectural Facade (UK) are key players operating in the rainscreen cladding market. Expansions, acquisitions, partnerships, and new product developments are some of the significant strategies adopted by these key players to enhance their position in the rainscreen cladding market.
The Translucent Concrete Market is expected to grow from USD 875 thousand in 2019 to USD 16,534 thousand by 2024, at a CAGR of 80.0% during the forecast period. Litracon Ltd (Hungary), LUCEM GmbH (Germany), Dupont Lightstone (Denmark), CRE Panel GmbH (Austria), LCT GesmbH (Austria), Italcementi SpA (Italy), Pan-United Corporation Ltd (Singapore), Beton Broz (Czech Republic), Glass block technology limited (UK), and Florack Bauunternehmung GmBH (Germany) were some of the key players in the global Translucent concrete market. These players have adopted various organic and inorganic developmental strategies over the past five years.
The construction equipment rental market is expected to grow from USD 98.6 billion in 2019 to USD 121.6 billion by 2024, at a compound annual growth rate (CAGR) of 4.3% during the forecast period. Key players in the construction equipment rental market, such as United Rentals Inc. (US), Ashtead Group Plc (UK), Loxam (Paris), Herc Holdings Inc. (US), Aktio Corporation (Japan), Nishio Rent All Co. Ltd. (Japan), and Kanamoto Co. Ltd. (Japan), among others, are considered for the study.
The 3D printing construction market is expected to grow from USD 3 million in 2019 to USD 1,575 million by 2024, at a compound annual growth rate (CAGR) of 245.9 % during the forecast period.Some of the prominent players in the 3D printing construction market are Yingchuang Building Technique (China), XtreeE (France), Apis Cor (Russia), Monolite UK (UK), CSP s.r.l. (Italy), CyBe Construction (Netherlands), Sika (Switzerland), MX3D (Netherlands), Cazza Construction Technologies (California), and ICON (Texas). The strategies undertaken by these players include partnerships, joint venture, new project, expansion, and investment.
The Ultra-high Performance Concrete Market is expected to grow from USD 369 million in 2019 to USD 550 million by 2024, at a CAGR of 1.9% during the forecast period. Some of the key players operating in the UHPC market are LafargeHolcim (Switzerland), ACC Limited (India), Sika AG (Switzerland), Vicat (France), U.S. Concrete (US), CEMEX (Mexico), TAKTL (US), and Gulf precast concrete (Abu Dhabi). Mergers & acquisitions, expansions, investments, partnerships, and agreements are some of the major strategies adopted by these key players to enhance their position in the ultra-high performance concrete market.
The siding market is projected to grow from USD 72.9 billion in 2019 to USD 93.4 billion by 2024, at a CAGR of 5.0% from 2019 to 2024. Demand for siding market can be credited to the high growth of the construction industry across the globe. Factors such as increasing residential and non-residential construction and infrastructure activities, its high durability, and ability to enhance the aesthetic appearance of the buildings drive the demand for siding.such as Louisiana Pacific Corporation (US), James Hardie Industries PLC (Ireland), Boral Limited (Australia), Nichiha Corporation (Japan), and Etex Group (Belgium)
The pre-engineered buildings market is projected to grow from USD 14.5 billion in 2019 to reach USD 25.0 billion by 2024, at a CAGR of 11.5% from 2019. Factors such as the increasing demand for green buildings and need for reducing construction time and cost, along with the demand for lightweight building structure, drive the pre-engineered buildings market.BlueScope Steel (Australia), NCI Building Systems (US), Nucor Corporation (US), Kirby Building Systems (Kuwait), Zamil Steel Holding Company (Saudi Arabia), ATCO (Canada), Lindab Group (Sweden), PEBS Pennar (India), PEB Steel Buildings (Vietnam), and Everest Industries (India).
The glass curtain wall market is projected to grow from USD 44.5 billion in 2018, to reach USD 73.4 billion by 2023, at a CAGR of 10.5% from 2018 to 2023. The growth of this market is attributed to the rise in the need for energy-efficient façade systems and strict environmental regulations. In addition, the upward trend in the building & construction industry is projected to contribute to the growth of the glass curtain wall market during the forecast period.Saint-Gobain (France), Asahi Glass (Japan), Central Glass (Japan), Guardian Industries (US), Nippon Sheet Glass (US), AVIC Sanxin Co., Ltd (China), Schott AG (Germany), China Glass Holdings Limited (Hong Kong), Vitro (Mexico), and Xinyi Glass Holdings Limited (Hong Kong)
The global construction plastics market is estimated to be USD 75.6 billion in 2018 and is projected to reach USD 105.7 billion by 2023, at a CAGR of 6.9%. The growth in consumption of lightweight materials, such as plastics is driving the demand for construction plastics. The low cost of plastics compared with other substitute materials is also a driving factor for the growth of the construction plastics market.
The concrete surface retarders market is projected to grow from USD 72.7 million in 2018 to USD 89.4 million by 2023, at a CAGR of 4.2% between 2018 and 2023. Increase in urban population, demand for green buildings, and growth in infrastructure and industrialization are the main growth drivers of the concrete surface retarders market. Other factors, such as increasing disposable income of people in developing countries and changing preferences of end-users for aesthetically appealing buildings also drive the market’s growth. The global concrete surface retarders market is dominated by players such as Sika (Switzerland), BASF (Germany), MAPEI (Italy), GCP Applied Technologies (US), CEMEX (Mexico), W. R. Meadows (US), The Euclid Chemical Company (US), RussTech (US), Fosroc (UAE), and Parchem Construction Supplies (Australia).
The insulated concrete form market is estimated to be USD 1.11 billion in 2018 and is projected to reach USD 1.49 billion by 2023, at a CAGR of 5.95% from 2018 to 2023. The growth of the insulated concrete form market can be attributed to rapid urbanization, increase in demand for energy-efficient green buildings, favorable government regulations, and rise in the number of construction activities worldwide. Based on material, the expanded polystyrene foam segment is projected to lead the insulated concrete form market from 2018 to 2023. The polyurethane foam segment of the insulated concrete form market is projected to grow at the second-highest CAGR during the forecast period. Key players operating in the insulated concrete form market include NUDURA Corporation (Canada), Quad-Lock Building Systems (Canada), AMVIC (Canada), Fox Blocks (US), BASF (Germany), LOGIX Insulated Concrete Forms (UK), ConForm Global (US), KORE (Ireland), Polycrete International (Canada), LiteForm (US), Sunbloc (UK), Rastra (US), SuperForm Products (Denmark), Durisol (Australia), and Beco Products (UK).
MarketsandMarkets projects that the 3D concrete printing market will grow from USD 1.2 million in 2018 to USD 1,480.5 million by 2023, at a CAGR of 317.3%. Rapid urbanization and the demand for affordable housing and architectural flexibility drive the growth of the 3D concrete printing market. The building sector is projected to account for a larger share through 2023. The cost-effectiveness and time-saving characteristics of this technology have contributed toward its usage for developing buildings. Furthermore, its capability to develop complex building geometries, better safety, more precision, and generate less waste has resulted in the construction of complex building structures at an affordable rate. The key players operating in the 3D concrete printing market include Winsun (China), XtreeE (France), Monolite UK (UK), Apis Cor (Russia), CSP s.r.l. (Italy), CyBe Construction (Netherlands), and Sika (Switzerland). These players possess enhanced 3D concrete printing capabilities and focus on creating awareness about this dynamic technology. New projects, agreements, partnerships, joint ventures, and expansions are some of the major strategies adopted by key players operating in the 3D concrete printing market.
The GFRC market is estimated at USD 2.01 Billion in 2018 and is projected to reach USD 3.32 Billion by 2023, at a CAGR of 10.5% between 2018 and 2023. The growth of the GFRC market can be attributed to the increasing use of GFRC in construction activities, owing to its exceptional properties, such as aesthetic appeal, sound absorption, fire resistance, moisture resistance, and rapid construction. Key players operating in the GFRC market include Ultratech Cement Ltd. (India), Formglas Products Ltd. (Canada), Willis Construction Co., Inc. (US), Clark Pacific (US), Loveld (Belgium), Fibrex (UAE), Betofiber A.S. (Turkey), Nanjing Beilida New Material System Engineering Co., Ltd. (China), Stromberg Architectural (US), and BB Fiberbeton (Denmark). Key players operating in the GFRC market include Ultratech Cement Ltd. (India), Formglas Products Ltd. (Canada), Willis Construction Co., Inc. (US), Clark Pacific (US), Loveld (Belgium), Fibrex (UAE), Betofiber A.S. (Turkey), Nanjing Beilida New Material System Engineering Co., Ltd. (China), Stromberg Architectural (US), and BB Fiberbeton (Denmark).
The geocells market is projected to reach USD 588.9 Million by 2022, at a CAGR of 8.0% from 2017 to 2022. The growth of this market can be attributed to the rising use of geocells in emerging economies. In addition, increased cost savings achieved in road construction and maintenance activities are also anticipated to drive the growth of the geocells market.Key players in the geocells market include Strata Systems (US), PRS Geo-Technologies (UK), Presto Geosystems (US), Koninklijke Ten Cate B.V. (Netherlands), TMP Geosynthetics (China), Terram Geosynthetics-now part of Berry Plastics (UK), and BOSTD Geosynthetics Qingdao (China). These companies are expected to venture into new markets to widen their customer base and strengthen their market presence.
MarketsandMarkets projects that the aluminum composite panels market size will grow from USD 6.29 Billion in 2017 to USD 8.79 Billion by 2022, at an estimated CAGR of 6.92%. Rise in building & construction activities, large-scale investments in infrastructure & industrial sectors, and rapid urbanization in developing economies is boosting the growth of the aluminum composite panels market. The building & construction segment is projected to have the largest market share and dominate the market from 2017 to 2022. Growth of the advertisement industry plays a key role in changing the market; this segment is projected to grow at the second-highest rate during the forecast period. The major players in the aluminum composite panels market in Asia Pacific include Yaret Industrial Group (China), Alumax Industrial (Taiwan), Shanghai Huayuan New Composite Materials (China), Changshu Kaidi Decoration Material (China), Guangzhou Xinghe ACP (China), Jyi Shyang Industrial (Taiwan), Mitsubishi Chemical (Japan), and Msenco Metal (China).
MarketsandMarkets projects that the soundproof curtains market size will grow from USD 1.65 Billion in 2017 to USD 2.38 Billion by 2022, at a CAGR of 7.7%. This market is witnessing considerable growth due to the rising number of health issues among people owing to noise pollution. Moreover, technological advancement in raw materials such as fiber glass, vinyl, and natural wool are the key factors driving the growth of the soundproof curtains market. Advanced products add value to the industry by providing a variety of soundproof curtain applications. The major players in the soundproof curtains market include Sound Seal (US), Lantal Textiles (Switzerland), Kinetics Noise Control (US), Amcraft Manufacturing (US), Great Lakes Textiles (US), Flexshield (Australia), Haining Duletai New Material (China), Acoustical Surfaces (US), eNoise Control (US), and HOFA-Akustik (Germany).
The silicone structural glazing market size is estimated to grow from USD 26.91 Billion in 2016 to USD 43.95 Billion by 2022, at a CAGR of 8.90%. The base year considered for the study is 2016, and the market size is projected from 2017 to 2022. The major players in the silicone structural glazing market include Nippon Sheet Glass Co. Ltd. (Japan), Asahi Glass Co., Ltd (Japan), YKK Corporation (Japan), Central Glass Co., Ltd. (Japan), Xinyi Glass Holdings Limited (China), Shanghai Yaohua Pilkington Glass Group Co., Ltd. (China), Kibing Glass (China), and Taiwan Glass Ind. Corp. (China).
The roof coating market size is estimated to grow from USD 1.59 Billion in 2016 to USD 1.94 Billion by 2022. The market is projected to grow at a CAGR of 3.48% during the forecast period. The base year considered for the study is 2016, and the market size is projected from 2017 to 2022. The major players in the roof coating market include BASF SE (Germany), Akzo Nobel N.V. (Netherlands), RPM International Inc. (US), PPG Industries, Inc. (US), The Sherwin-Williams Company (US), Hempel A/S (Denmark), The Dow Chemical Company (US), Wacker Chemie AG (Germany), Sika AG (Switzerland), and Nippon Paint Holdings Co., Ltd (Japan).
The global carpets & rugs market was valued at USD 88.24 Billion in 2016, and is projected to reach USD 112.69 Billion by 2022, at a CAGR of 4.2%. The major players include Mohawk Industries, Inc. (U.S.), Shaw Industries Group (U.S.), Lowe’s Companies, Inc. (U.S.), Taekett S.A. (France), Home Depot, Inc. (U.S.), Interface, Inc. (U.S.), Dixie Group, Inc. (U.S.), Orientals Weavers Company for Carpets (Egypt), Tai Ping Carpets International Limited (China), and Victoria PLC (U.K.). Companies have adopted strategies such as acquisitions and expansions to cope with the increase in demand in the emerging markets.
MarketsandMarkets projects that the plasterboard market size will grow from USD 18.07 Billion in 2016 to USD 23.85 Billion by 2021, at an estimated CAGR of 5.7% between 2016 and 2021. The plasterboard market is expected to witness high growth as a result of the recovery of the global economy, high growth in the Asia-Pacific region, and the emergence of environment-friendly construction techniques. Growth in modern retailing, rise in consumer income & employment, and increase in demand for new construction projects are some of the other factors influencing the growth of the plasterboard market.
MarketsandMarkets projects that the pervious pavement market size will grow from USD 12.13 Billion in 2015 to USD 22.17 Billion by 2026, at an estimated CAGR of 5.7%. The pervious pavement market is expected to witness high growth as a result of the rising urbanization, large-scale investments in infrastructure & industrial sectors, and rising construction activities in emerging economies. The gradual shift of building contractors and consumers toward cost efficient, eco-friendly, and modern building techniques is creating growth opportunities for the pervious pavement market.
The market for roofing systems is projected to grow from USD 109.72 Billion in 2016 to USD 157.56 Billion by 2021, at an estimated CAGR of 3.06%. This growth is due to the growing construction activities, globally. Government regulations regarding zero energy building codes and green roofing also provide an opportunity to the market to grow further, especially in the emerging Asia-Pacific and Latin American regions.
The wooden decking market size is estimated to grow from USD 7.21 Billion in 2015 to USD 7.81 Billion by 2021, at a CAGR of 1.43%. It is projected to witness significant growth in the next few years with the increasing demand for new constructions all over the world due to rapid urbanization and industrialization.
The plastic decking market size is estimated to grow from USD 2.55 Billion in 2015 to USD 4.69 Billion by 2021, at a CAGR of 10.82%. The base year considered for the study is 2015 and the market size is projected from 2016 to 2021. The report aims at estimating the market size and future growth potential of the plastic decking market across different segments such as end-use, composite type, resin type, type of construction, and region. The other objectives include providing detailed information regarding the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges).
The plumbing fixtures & fittings market size is estimated to grow from USD 74.72 Billion in 2015 to USD 102.07 Billion by 2021, at a CAGR of 5.45%. Factors such as increasing demand in Asia-Pacific due to rapid urbanization, building renovations due to disasters and upgradations, rising construction activities in emerging economies, and large-scale investment in industrial and infrastructure sectors are some of the drivers for the growth of the plumbing fixtures & fittings market.
The global building panels market is estimated to be valued at USD 170.83 Billion in 2016 and is projected to reach USD 230.93 Billion by 2021, at a CAGR of 6.21% from 2016 to 2021. The building panels is transforming the construction industry by providing a less expensive process, and fast, accurate and affordable housing solutions. The report aims at estimating the market size and future growth potential of building panels market which is segmented on the basis of type, end use, material, application, and region.
The market for vacuum insulation panels is projected to grow from USD 6.38 Billion in 2016 to reach USD 8.14 Billion by 2021, at a CAGR of 4.99%. The report aims at estimating the market size and future growth potential of the vacuum insulation panels market across different segments such as core material, type, raw material, application, and region. Globally, competition in the vacuum insulation panels market is growing considerably owing to the growing construction and consumer durables industries. With the emergence of new technologies, manufacturers are looking for advanced techniques to make vacuum insulation panels more effective. The base year considered for the study is 2015 and the market size is projected from 2016 to 2021.
As per IMF, the GCC population is projected to grow at a CAGR of 2.80% from 2015 to 2020 to reach 53.41 million. An expanding population is expected to urge higher demand in residential, commercial, retail, hospitality, healthcare, and infrastructure sectors across the GCC region.
This report estimates the market size of the global entrance matting market in terms of value (USD million) and volume (million square feet). In this report, the market is broadly segmented based on type, material, utility, application, and region. Market drivers, restraints, challenges, material, pricing analysis, and regulations are discussed in detail. The global entrance matting market is projected to reach USD 6,722.3 Million by 2020, at a CAGR of 4.8% from 2015 to 2020.
The global market for aluminum systems witnessed a rapid growth in 2013, and is projected to grow at a CAGR of 5.65% from 2015 to 2020, to reach USD 147.13 Billion by 2020. Asia-Pacific dominated the market with a share of 45% in 2014; this market is driven by increasing competition, consumer awareness, rising consumer spending, demand for value-added product, and technological advancements. The Asia-Pacific region is projected to become the fastest-growing market for aluminum systems from 2015 to 2020.
The increasing demand for clean drinking water and increasing awareness about the importance of water treatment are some of the major factors driving the growth of the water treatment systems (PoE) industry. The water treatment systems (PoE) market is projected to reach USD 5.69 Billion by 2020, with a projected CAGR of 8.52%, from 2015 to 2020.
The market for the global dry construction industry has seen an extensive upward surge since 2009. The global dry construction market is projected to reach USD 79.08 Billion by 2020, with a CAGR of 5.3% during the forecast period, (2015 to 2020). After the economic slowdown, new constructions have come up in large numbers, the high requirements for fast implementation of construction site, and the inexpensive nature. The Asia-Pacific region accounted for around 33% of the total market share in terms of value, followed by the North American and European regions. However, as the dry construction market in developed countries is getting matured, the markets in developing countries such as China, Indonesia, and India are estimated to grow at a higher rate from 2015 to 2020. China is estimated to grow faster than any other country because of its high population along with new constructions coming up in the next five years.
The global door systems market is projected to reach USD 293.85 Billion by 2020, with a CAGR of 5.82% from 2015 and 2020. After the economic slowdown, high disposable incomes and changing lifestyles have led to the improvement in construction which stimulated the demand in the door industry. The Asia-Pacific region accounted for around 38% of the total market share in terms of value, followed by the European and North American regions. However, as the door systems market in developed countries is getting matured, the market in developing countries such as China and India are estimated to grow at a higher rate from 2015 to 2020. China is estimated to grow faster than any other country because of the strong economic growth in the country along with increase in buildings and high disposable income.
Advanced glass are special grades of glass which possess specific characteristics and properties designed for specific end use. The glass is designed with the help of advanced technological substances and techniques. It undergoes specialized chemical and mechanical process so as to increase its strength, durability, and coatings for specific applications. The advanced glass market is highly fragmented with the key market players driving the growth with agreements, investments, expansions, acquisitions, partnerships, collaborations, and new product launches in this market. The market is competitive with the leading players involved in the research & development of new advanced glass. The market caters to applications such as commercial construction, residential construction, infrastructure, automobile, electronics, sports, and leisure. The advanced glass market is projected to reach a market size of 4912.36 Million sq. ft., by 2020.
The recovery of global economy, and rise in new constructions, both commercial and non-commercial is expected to be the major drivers of the wood coating market. The wood coating market is expected to grow at a healthy growth rate of 6.30% between 2015 and 2020. Stains & Varnishes coating type is the fastest growing coating type within wood coating market across the globe and is suitable for all the application areas. The global wood coating market is projected to be valued at around $1,985.28 Million by 2020, growing at a CAGR of 6.30% from 2015.