Wood Coating Global Market Report 2023 – By Type (Preservative Wood Coatings, Stain Wood Coatings, Shellac Wood Coatings), By Product Type (Water Borne Wood Coatings, Solvent-Borne Wood Coatings, Powder Wood Coatings), By Application (Furniture, Cabinets, Siding, Flooring, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Finished wood products refers to products made from a tough fibrous material that, in essence, is xylem and makes up the majority of a tree or shrub's stems, branches, and roots behind the bark. These include wood products such as wooden windows and doors, cabinets, kitchenware, wooden mobile homes, and other products. The main types of finished wood products are millwork, prefabricated home, wood pallets & skids, and other finished wood products. Prefabricated homes, usually known as prefabs, are specialized dwelling kinds of prefabricated buildings which are produced off-site in beforehand, typically in standard components that can be readily shipped and installed. The products are distributed through online and offline channels. The different applications include household and commercial applications. The global finished wood products market is segmented – 1) By Type: Millwork, Prefabricated Home, Wood Pallets & Skids, Other Finished Wood Products 2) By Distribution Channel: Offline, Online 3) By Application: Household, Commercial Subsegments Covered: Wood Window And Door, Cut Stock, Resawing Lumber, And Planning, Other Millwork (including Flooring) The global finished wood products market size will grow from $291.03 billion in 2022 to $311.61 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of finished wood products is expected to grow to $397.38 billion in 2027 at a CAGR of 6.3%. The finished wood products manufacturing market is expected to benefit from the steady economic growth forecasted for many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2021 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, and foreign direct investments in the end-user markets, thereby driving the growth of the finished wood products market during the forecast period. Major companies in the finished wood products market include LIXIL Group, JELD-WEN Inc., Builders FirstSource, Masonite International Corporation, NCI Building Systems Inc., UFP Industries Inc., Stora Enso Oyj, Cavco Industries Inc., Western Forest Products Inc., and Nature Home Holding Company Limited. The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the finished wood products market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the finished wood products market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Companies in the finished wood products market are using 3D printing to develop lightweight structural as well as non-structural wooden products. 3D printing creates a three-dimensional physical object using a digital design. The technology creates three-dimensional objects using models that are constructed using a brown, very fine, granular powder made from wood chips. 3D printing is used to manufacture wooden products with complex geometries quickly and at a low cost. 3D printing helps in rapid prototyping, increases assembly line efficiency, lowers turnaround time, improves flexibility in design, and reduces wastage of materials, thus indicating high potential for this technology. For instance, in March 2021, JK Cement, an India-based cement manufacturing company, launched JKC Wood Amore. JK Wood is an Italian wood finish that is designed to provide a good finish, appealing aesthetics, and higher durability for wood surfaces. Asia-Pacific was the largest region in the finished wood products market in 2022. Western Europe was the second largest in the global finished wood products market share. The regions covered in the finished wood market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the finished wood products market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The finished wood products market consists of sales of lacquer, alkyd, polyurethane, acrylic, shellac, and resins through retail sales and direct sales. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The finished wood products market research report is one of a series of new reports from The Business Research Company that provides finished wood products market statistics, including finished wood products industry, global finished wood products market size, regional shares, competitors with a finished wood products market share, detailed finished wood products market segments, finished wood products market trends and opportunities, and any further data you may need to thrive in the finished wood products industry. This finished wood products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The adhesives refer to products such as glues, and caulking compounds that are used to bind surfaces of two separate items. The adhesives include properties such as abrasion resistant, creep and fatigue resistant, dimensionally stable, flexible and toughened, low shrinkage, and hardness. The main types of adhesives are water-based adhesives, solvent-based adhesives, hot-melt-based adhesives, reactive adhesives and other types of adhesives. Water-based adhesives are formulated with natural and synthetic polymers that will readily dissolve in water. They harden by evaporating water or by absorption of water into the porous substrate. The product types are acrylic, PVA, polyurethane, styrenic block, epoxy, Eva, and other product types. The various applications involved are packaging, construction, laminates, woodstock and furnishing, automobiles, footwear, and other applications. The global adhesives market is segmented - 1) By Type: Water-Based Adhesives, Solvent-Based Adhesives, Hot-Melt-Based Adhesives, Reactive & Other Adhesives 2) By Product Type: Acrylic, PVA, Polyurethanes, Styrenic Block, Epoxy, EVA, Other Product Types 3) By Application: Packaging, Construction, Laminates, Woodstock and Furnishing, Automobile, Footwear, Other Applications The global adhesives market grew from $77.15 billion in 2022 to $83.99 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The adhesives market is expected to grow to $116.33 billion in 2027 at a CAGR of 8.5%. During this historic period, technological development was a key driver of the global economy. Industries such as the adhesives industry, which involve technology, benefited from this trend. Technologies such as hot melts, reactive acrylics, and UV systems have become popular because of their safety and energy efficiency. Adhesives also replaced mechanical fastening systems due to better performance and overall lower costs. These factors drove the adhesives market during the historic period. Major companies in the adhesives market include Henkel AG & Co KGaA, Sika AG, 3M Company, Arkema SA, H.B. Fuller, MAPEI, DuPont Inc., Beiersdorf AG, Sekisui Chemical Co Ltd., and RPM International Inc. Rising geopolitical tensions had a negative impact on the adhesives market during the historic period. Repercussions of geopolitical tensions include sanctions on Russia, trade protectionism, and heightened military tensions in the Middle East. Many countries place trade restrictions, especially on imports, to boost local production. For instance, Brexit is likely to lead to more trade restrictions between the UK and other countries in Europe. The US is also implementing several trade restrictions, especially with China, to boost its local production. For instance, the US imposed tariffs on $550 billion worth of Chinese goods, including chemicals and plastics, as of January 2020. Continued violence and terrorism in the Middle East and other parts of the world are also expected to have a negative impact on the market. Many adhesive companies are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to obtain real-time insights and identify inefficiencies in the manufacturing process. The data obtained is processed, analyzed, and interpreted by plant managers and senior-level management to improve quality and achieve optimum production levels. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers of possible machine breakdowns. For instance, some of the major companies adopting IoT include BASF SE, The Dow Chemical Company, and H.B. Fuller. Asia-Pacific was the largest region in the adhesives market in 2022. North America was the second-largest region in The adhesives market. The regions covered in the adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the adhesives market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The adhesives market consists of the sales of wet adhesives, contact adhesives, single/two component reactive adhesives, and pressure-sensitive adhesives. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The adhesives market research report is one of a series of new reports from The Business Research Company that provides adhesives market statistics, including adhesives industry global market size, regional shares, competitors with an adhesives market share, detailed adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the adhesives industry. This adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The paints and coatings are products that manufactured by mixing pigments, solvents, and binders into paints and other coatings, such as stains, varnishes, lacquers, enamels, shellacs, and water-repellent coatings for concrete and masonry, and/or produce allied paint products, such as putties, paint and varnish removers, paintbrush cleaners, and frit. The main types of paints and coatings are water-borne coatings, solvent-based coatings, powder coatings, and other types of paints and coatings. A waterborne coating is an environmentally friendly surface treatment that uses water as a solvent to disperse the resin used to make the coating or paint. The types of resins are acrylic, polyurethane, polyesters, epoxy, alkyd, and other types of resins. The performance range includes the commodity coating range, the engineering coating range, and the high-performance coating range. The applications involved are architectural, automotive, wood, packaging, aerospace, and other applications. The global paints and coatings market is segmented – 1) By Type: Water Borne Coatings, Solvent Based Coatings, Powder Coatings, Other Paints and Coatings 2) By Application: Architectural, Automotive, Wood, Packaging, Aerospace, Other Applications 3) By Type of Resin: Acrylic, Polyurethanes, Polyesters, Epoxy, Alkyd, Other Type of Resins 4) By Performance Range: Commodity Coating Range, Engineering Coating Range, High-Performance Coating Range The global paints and coatings market grew from $230.96 billion in 2022 to $248.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The paints and coatings market is expected to grow to $326.09 billion in 2027 at a CAGR of 7.0%. There is a rapid growth in the consumption of paints and coatings in many industries. Paints and coatings are widely used in the automotive, construction, and manufacturing industries. For instance, the global building construction market is expected to increase from $6.6 trillion in 2019 to $8.4 trillion in 2022. Similarly, the global transportation manufacturing market is expected to increase from $6.8 trillion in 2019 to $7.8 trillion in 2022. Decorative paints and coatings are widely used in buildings and construction, whereas protective paints and coatings are linked closely to the automotive, major appliance, and industrial equipment industries. Therefore, growth in end-user industries is expected to drive the paints and coatings market during the forecast period. Major companies in the paints and coatings market include Sherwin Williams Co, PPG Industries Inc., Akzo Nobel N.V, BASF SE, Nippon Paint Holdings Co Ltd., Axalta Coating Systems Ltd., Kansai Paint Co. Ltd., Asian Paints Limited, RPM International Inc., and Arkema SA. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the paints and coatings market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of "lock down." The outbreak has had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the paints and coatings market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Biocides are being used in paints to enhance their longevity and to maintain their quality. Biocide additives have been designed to protect paints from getting damaged during storage or to keep fungi and algae from growing on the applied paints. The market for biocides in paints will continue to grow due to the switch from solvent-based to water-based paints as they are not hazardous for human health and the environment and minimize fungal and algae growth. However, the replacement of traditional biocides based on chlorine and formaldehyde with environmentally friendly biocides adds to the cost of paint production. For instance, some of the major companies using biocide in paint manufacturing include The Dow Chemical Company, Troy Corporation, BASF SE, Thor Group, and AkzoNobel N.V. Asia-Pacific was the largest region in the paints and coatings market in 2022. Western Europe was the second-largest region in the paints and coatings market. The regions covered in the paints and coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the paints and coatings market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The paints and coatings market consists of the sales of polyurethane coatings, epoxy coatings, alkyd coatings, zinc-rich coatings, and acrylic coatings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The paints and coatings market research report is one of a series of new reports from The Business Research Company that provides paints and coatings market statistics, including paints and coatings industry global market size, paints and coatings market regional shares, competitors with a paints and coatings market share, detailed paints and coatings market segments, market trends and opportunities, and any further data you may need to thrive in the paints and coatings industry. This paints and coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the paints and coatings industry.

The gum and wood chemicals refer to adhesive chemicals used to bind and protect woods. The gum and wood chemicals are produced from wood scraps, stumps, gum from live trees, and byproducts from wood pulp mills. The main products of gum and wood chemicals are gum arabic, guar gum, wood chemicals, charcoal, and tannic acid. Charcoal is defined as a black and hard material that is similar to coal and can be used as a fuel. It is formed by heating wood or other types of organic matter in the absence of air. The various end-user industries of gum and wood chemicals include commercial, industrial, and household. The main sales channels of gum and wood chemicals are direct sales and distributors. The global gum and wood chemicals market is segmented - 1) By Product Type: Gum Arabic, Guar Gum, Wood Chemicals, Charcoal, Tannic Acid 2) By End Userr: Commercial, Industrial, Household 3) By Sales Channel: Direct Sales, Distributor The global gum and wood chemicals market size will grow from $356.76 billion in 2022 to $397.08 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global gum and wood chemicals is expected to grow from $581.54 billion in 2027 at a CAGR of 10.0%. Rising demand for gum Arabic contributed to the growth of the gum and wood chemicals market. Gum Arabic is a natural and flexible ingredient used in food, drinks, and chemical products. Gum Arabic is produced in African nations and is mainly used in the food industry. Additionally, it is used as a stabilizer, binder, and emulsifier in soft drinks, wine, and liquor. It also finds its applications in pharmaceuticals, cosmetics, printing, ceramics, photosensitive chemicals, textiles, paper, ink, paints, and adhesives. For instance, according to the Observatory of Economic Complexity (OEC), a leading data visualization tool for international trade data, in 2020, France stood as the top importer of gum Arabic with an import value of $66.9 million, followed by the United States with $53 million, Germany with $22.3 million, the UK with $18.6 million, and India with $18.2 million. Thus, the rising demand for gum Arabic contributed to the growth of the gum and wood chemicals market. Major players in the gum and wood chemicals market are Royal Oak Enterprises, Hickory Specialties, Campfire Charcoal, Abbey Color, Arizona Chemical, Borregaard Ligno Tech, Braaistar, Ceresking EcologyandTech, Deqing Yinlong Industrial, and E and C Charcoal. Government regulations affecting charcoal production are expected to limit the growth of the gum and wood chemicals market. Charcoal making involves cutting down trees that have adverse effects on the ecosystem. Diverse state agencies make regulations related to the production, use, and transition of charcoal. The Indian Forest Act, 1927 defines charcoal as a "forest produce," and according to this act, in the reserve forests, consuming, collecting, and expelling charcoal is an offense. For instance, according to Down to Earth, an India-based fortnightly magazine, in 2021, coal production declined by 3.3% to 337.52 million tons, due to the restrictions and lockdowns imposed as a result of the COVID-19 outbreak. The companies in the gum and wood chemicals market are focusing on the launch of new products to improve their product portfolio and strengthen their market position. The launch of new products enables the companies in the market to protect wood and enhance its natural beauty. For example, in January 2023, The Heubach Group, a Germany based provider of comprehensive color solutions, has launched Hostatint™ SA, a latest advanced pigment preparations for luxurious wood finishes. As such Hostatint™ SA preparations do not require special labelling, making them perfect to replace traditional dyes. The re-formulated Hostatint™ UV 100 product range is the next generation of high-performance colorants for UV cured wood coatings. In October 2020, UFP Industries Inc., a US-based wood products company acquired Fire Retardant Chemical Technologies LLC for an undisclosed amount. The acquisition added new technologies in wood chemicals to UFP Industries’ business and helps it to innovate in the future. Fire Retardant Chemical Technologies LLC is a US-based company that develops high-performance chemicals for wood preservation. Asia-Pacific was the largest region in the gum and wood chemicals market in 2022. North America was the second-largest region in the global gum and wood chemicals market share. The regions covered in the gum and wood chemicals market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the gum and wood chemicals market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The gum and wood chemicals market consists of the sales of hardwood and softwood distillation products, wood and naval stores, charcoal, natural dyestuffs, and natural tanning materials. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The gum and wood chemicals market research report is one of a series of new reports from The Business Research Company that provides gum and wood chemicals market statistics, including gum and wood chemicals industry global market size, regional shares, competitors with a gum and wood chemicals market share, detailed gum and wood chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the gum and wood chemicals industry. This gum and wood chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Industrial machinery is power-driven machines or groups of machines working together in a coordinated manner in various industrial activities. This is used to cut, shape, form, press, lamination, or a combination of these processes. They are not portable by hand while working. The main types of industrial machinery are woodworking and paper machinery, other industrial machinery, printing machinery and equipment, semiconductor machinery, and food production machinery. Woodworking and paper machinery refers to the equipment that deals with wood and paper products. The various operations include autonomous, semi-autonomous, and manual. The various specificity includes small, medium, and large. The global industrial machinery market is segmented - 1) By Type: Woodworking And Paper Machinery, Other Industrial Machinery, Printing Machinery And Equipment, Semiconductor Machinery, Food Product Machinery 2) By Operation: Autonomous, Semi-Autonomous, Manual 3) By Capacity: Small, Medium, Large Subsegments Covered: Woodworking Machinery, Paper Industry Machinery, Chemical Processing Machinery And Equipment, Glass Making Machinery, Petroleum Refining Machinery, Plastics Working Machinery, Rubber Working Machinery, Tannery Machinery, Textile Making Machinery, All Other Industrial Machinery, Typesetting Machinery, Offset Printing Machinery, Flexographic Printing Machinery, Gravure Printing Machinery, Printing Trades Binding Machinery And Equipment, Other Printing Machinery And Equipment, Wafer Processing Equipment, Semiconductor Assembly And Packaging Equipment, Other Semiconductor Making Machinery, Dairy Product Plant Machinery And Equipment, Bakery Machinery And Equipment, Meat And Poultry Processing And Preparation Machinery, Other Commercial Food Products Machinery The global industrial machinery market size grew from $506.67 billion in 2022 to $545.67 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The imarket size of global ndustrial machinery market is expected to grow to $708.3 billion in 2027 at a CAGR of 6.7%. Rapid advances in technology are expected to drive innovation in industrial machinery manufacturing, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used in manufacturing thus resulting in higher productivity, lower operating costs, and higher margins. For instance, according to a global survey by The Economist Intelligence Unit, about 90% of corporate executives felt that artificial intelligence (AI) will have a positive impact on a company’s growth and 86% of respondents considered that AI will help improve productivity. Lower operating costs lead to higher margins, this allows companies to increase product portfolio and enter new markets by making investments made through cost savings. IoT applications are also being integrated into these devices to enable services such as remote monitoring, and central feedback systems and to offer other services. Mobile applications, advanced sensors, and embedded software also created new opportunities for companies in this market. These factors are expected to drive the engine, turbine, and power transmission equipment manufacturing market during the forecast period. Major companies in the industrial machinery market include ASML Holding N.V, Tetra Laval International S.A, Tokyo Electron Ltd., Lam Research Corp, Applied Materials Inc., Canon Inc., Dover Corporation, Konica Minolta Inc., KLA-Tencor Corp, and Thyssenkrupp AG. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the industrial machinery manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Machinery manufacturers depend heavily on the supply of raw materials, parts, and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the industrial machinery manufacturing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. 3D log scanning is being integrated with sawmill manufacturing equipment to produce high-grade lumber at mills. A 3D log scanner is a scanner that measures the actual shape of the logs by coupling vision sensors with geometric data on the log. This helps to increase resolution quality, scan speeds, and laser lighting which is used to measure dark logs leading to a high-grade lumber recovery. This technology is widely used in super mills which are a conglomerate of satellite mills with around two or three log lines. Also, sensors used in 3D log scanning help to capture the knots faster leading to an optimized yield. Major companies offering sawmill equipment with 3D log scanning technology include Raptor Integration Inc., LMI technologies, and JoeScan. The Asia-Pacific was the largest region in the industrial machinery market share in 2022. Western Europe was the second largest region in the industrial machinery market. The regions covered in the global industrial machinery industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the industrial machinery market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The industrial machinery market consists of sales of industrial machinery such as food and beverage manufacturing machinery, semiconductor manufacturing machinery, sawmill and woodworking machinery (except handheld), machinery for making paper and paper products, printing and binding machinery and equipment, textile-making machinery, and machinery for making plastics and rubber products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The industrial machinery market research report is one of a series of new reports from The Business Research Company that provides industrial machinery market statistics, including industrial machinery industry global market size, regional shares, competitors with an industrial machinery market share, detailed industrial machinery market segments, market trends and opportunities, and any further data you may need to thrive in the industrial machinery industry. This industrial machinery 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.

Woodworking and paper machinery refers to the equipment that deals with wood and paper products. The main types of woodworking and paper machinery are paper industry machinery and woodworking machinery. The paper industry machinery refers to the machinery that is used in making papers and creating a large amount of paper. The various machine types are forming machines, pressing machines, drying machines, sizer machines, and other types. The various Asia-Pacific is small, medium, and large. The various operation includes autonomous, semi-autonomous, and manual. The global woodworking and paper machinery market is segmented - 1) By Type: Paper Industry Machinery, Woodworking Machinery 2) By Machine Type: Forming Machines, Pressing Machines, Drying Machines, Sizer Machines, Other Machine Types 3) By Operation: Autonomous, Semi-autonmous, Manual 4) By Capacity: Small, Medium, Large Subsegments Covered: Pulp Making Machinery, Paper And Paperboard Making Machinery, Paper And Paperboard Converting Machinery, Other Paper Industry Machinery The global woodworking and paper machinery market size grew from $40.51 billion in 2022 to $43.77 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global woodworking and paper machinery is expected to grow to $57.78 billion in 2027 at a CAGR of 7.2%. The increasing demand from the construction industry for wooden homes or wood-framed homes is expected to drive the woodworking and paper machinery market. Woodworking machinery is used for processing wood components such as cross-laminated timber (CLT) and laminated veneer lumber (LVL) used in wooden houses. For example, according to US based housing trade association, National Association of Home Builders (NAHB), for 2021 completions, 92% of new homes in the US were wood-framed. There were 895,000 wood-framed homes completed in 2021, which was an 8% gain over the 2020 total. Hence, the increasing demand from the construction industry is expected to drive the growth of the woodworking and paper machinery market in the forecast period. Major companies in the woodworking and paper machinery market include Mitsubishi Heavy Industries Ltd., Bobst Group SA, and Terex Corporation, Dream International Limited, Adidas, Integrity Toys Inc., JAKKS Pacific Inc., and LEGO Group. Automation is a new technology manufactured by the sawmill, and woodworking machinery manufacturers as it provides faster, efficient, and optimum production and minimizes waste. Automated sawmills and woodworking machinery perform tasks without human intervention. These automated machinery include Roundwood handling and cutting systems, fully automated debarking systems, and X-ray scanners. Western Europe was the largest region in the woodworking and paper machinery market in 2022. The Asia-Pacific was the second largest region of the global woodworking and paper machinery market share. The regions covered in the global woodworking and paper machinery industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries in the woodworking and paper machinery market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The woodworking and paper machinery market consists of sales of circular and band sawing equipment, planning machinery, and sanding machinery, and/or manufacturing paper industry machinery for making paper and paper products, such as pulp making machinery, paper and paperboard making machinery, and paper and paperboard converting machinery. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The woodworking and paper machinery market research report is one of a series of new reports from The Business Research Company that provides woodworking and paper machinery market statistics, including woodworking and paper machinery industry global market size, regional shares, competitors with a woodworking and paper machinery market share, detailed woodworking and paper machinery market segments, market trends and opportunities, and any further data you may need to thrive in the woodworking and paper machinery industry. This woodworking and paper machinery market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Converted paper product refers to a product that is used to make paper bags, coated and processed paper goods, and paperboard mostly from flexible film and other acquired paper materials for commercial and general purposes. The main types of converted paper products are paperboard container, sanitary paper product, stationery products, paper bag and coated and treated paper and all other converted paper products. The term stationery refers to mass-produced writing products such as letters, paper, pencils & pens, and other office supplies. Wood and agro residue, waste and recycled paper are used as raw material for converted paper product. The different sectors include packaging & wrapping, food service, printing, others. The global converted paper products market is segmented – 1) By Type: Paperboard Container, Sanitary Paper Product, Stationery Products, Paper Bag And Coated And Treated Paper, All Other Converted Paper Products 2) By Raw Material: Wood And Agro Residue, Waste And Recycled Paper 3) By End-Use: Packaging & Wrapping, Food Service, Printing, Other End Users Subsegments Covered: Corrugated And Solid Fiber Box, Folding Paperboard Box, Other Paperboard Container, Toilet Roll, Kitchen Towel, Hand Towel, Facial Tissues, Napkins, Other Sanitary Paper Product The global converted paper products market size will grow from $563.5 billion in 2022 to $601.59 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of converted paper products is expected to grow to $760.26 billion in 2027 at a CAGR of 6.0%. Rubber Products Increasing demand for online shopping is expected to help the converted paper products manufacturing market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the converted paper products market. In countries such as India, for instance, e-commerce portals have boosted the sales of paper products manufacturers by giving larger exposure to producers who were confined to one geography where their respective community was located. Major companies in the converted paper products market include International Paper Company, Kimberly Clark Corporation, Procter & Gamble, WestRock Company, Essity AB, Smurfit Kappa Group PLC, DS Smith plc, Reynolds Group Holdings Limited, Mondi Group and Unicharm Corporation. The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the converted paper products manufacturing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the converted paper products manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy The paper industry has been shifting from labour-intensive manufacturing processes to automated production facilities. Automation has enabled converted paper product companies to enhance productivity and reduce production costs. These technologies are also saving energy cost. Control systems such as integrated drive systems (IDS) are improving plant efficiency by minimizing energy consumption and simplifying service and maintenance processes. For instance, Swedish company Stora Enso partnered with Siemens to automate its Skoghall facility. Asia-Pacific was the largest region in the converted paper products market in 2022. North America was the second largest region in the converted paper products market share. The regions covered in the converted paper products market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the converted paper products market Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The market for converted paper products consists of sales of kraft bags, corrugated paperboard, and linerboard. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The converted paper product market research report is one of a series of new reports from The Business Research Company that provides converted paper product market statistics, including converted paper product industry global market size, regional shares, competitors with a converted paper product market share, detailed converted paper product market segments, market trends and opportunities, and any further data you may need to thrive in the converted paper product industry. This converted paper product market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Wood products refer to a collective term for all the goods and furniture manufactured from wood, including tables, chairs, beds, sofas, countertops, cutting boards, and other products. The main types of wood products are finished wood products, wood processing, and manufactured wood materials. Wood processing is a technical discipline that includes the manufacture of forest goods including pulp and paper, building components, and tall oil. The different applications include residential and commercial. The products are distributed through offline and online channels. The global wood products market is segmented – 1) By Type: Finished Wood Products, Wood Processing, Manufactured Wood Materials 2) By Application: Residential, Commercial 3) By Distribution Channel: Offline, Online Subsegments Covered: Millwork, Wood Pallets & Skids, Prefabricated Home, Other Finished Wood Products, Sawmills, Wood Preservation, Reconstituted Wood, Plywood, Veneer Sheets The global wood products market size will grow from $696.78 billion in 2022 to $748.01 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of wood products is expected to grow to $964.41 billion in 2027 at a CAGR of 6.6%. Faster Economic Growth - The wood products manufacturing market is expected to benefit from steady economic growth forecasted for many developed and developing countries. According to the International Monetary Fund (IMF), the global GDP growth reached 3.3% in 2021 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, foreign direct investments in the end-user markets, thereby driving the market during forecast period. Major companies in the wood products market include Weyerhaeuser Company, LIXIL Group, UFP Industries Inc., JELD-WEN Inc., West Fraser Timber Co. Ltd., Canfor Corporation, CELULOSA ARAUCO Y CONSTITUCIÓN S.A., Louisiana-Pacific Corporation, upm-kymmene oyj and Builders FirstSource. Corona virus Pandemic - The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the wood products manufacturing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the wood products manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. The increasing demand for supply chain transparency and stringent government regulations on the wood industry has led to the implementation of tracking and tracing technologies. Many wood companies have implemented their own tracking systems to maintain transparency in their timber supply chain. Electronic tracking is being adopted by wood companies and government agencies over paper-based systems and technologies such as radio-frequency identification chips, barcodes and advanced traceability software are being used. For instance, the Forest Stewardship Council, a leading non-profit organization has developed Online Claims Platform for providing timely information about the FSC's products and the companies that produce them for free of charge to FSC Certificate holders. This enables digital connection between FSC-certified suppliers and customers. Asia-Pacific was the largest region in the wood products market in 2022. North America was the second largest region in the wood products market share. The regions covered in the wood products market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wood products market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The wood products market consists of sales of solid-wood products, pulp and paper products, plywood, timbers, and others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The wood products market research report is one of a series of new reports from The Business Research Company that provides wood products market statistics, including wood products industry global market size, regional shares, competitors with a wood products market share, detailed wood products market segments, market trends and opportunities, and any further data you may need to thrive in the wood products industry. This wood products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.