ASIA-PACIFIC REGION LEADS GROWING SALES AND INNOVATION IN WOOD COATINGS
June 6th, 2024
The Asia-Pacific region is a key driver of the world’s wood coatings market, accounting for 44.7% of worldwide sales in 2022, according to US-based Allied Market Research (1). These in total are significant and expanding, with US and India-based market researcher Fact.MR projecting financial year 2022 global sales of USD9.7 billion, rising to USD17.7 billion by 2032 (2). Said Allied Market Research: “Wood has long been a preferred material for furniture and interior decor in many Asian cultures due to its natural beauty and warmth. As disposable incomes rise, ...
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