Wood Coatings Market - Forecast(2020 - 2025)
Wood Coatings Market Overview: According to the Department of Economic And Social Affairs of United Nations, 55% of the world population currently resides in an urban landscape. By the year 2050, this share is expected to increase to 68%, which means additional 2.5 billion people moving to urban areas. With rising urbanization and expanding population, the demand for houses and subsequently furniture is increasing. Since more people have access to a higher disposable income in the current scenario, leading a better lifestyle has become a top priority. People are not hesitating to spend in furnishing their apartments which is advantageous for the wood coatings market as its demand continues to experience a constant rise. Exterior wood coatings are of undeniable use in the furniture industry as they provide finishing and longevity to the products. The furniture industry is highly dependent on it and this application segment will experience a noticeable increase in demand with a com...