Industry Analysis & Industry Trends
Glossing over
During the recession, the Wood Varnish Manufacturing industry suffered declining sales because of the drastic declines in home and office and construction. However, in the next five years, demand for wood varnish will pick up, in line with improved construction markets. Nevertheless, rising resin prices are expected to constrain profit margin growth.... purchase to read more
Industry Report - Industry Locations Chapter
The geographic concentration of industry revenue is highly dependent on the establishment of downstream operators in the Wood Product Manufacturing industry (IBISWorld report 32199b).The geographic spread of the industry indicates the high cost of freight relative to product value, which encourages the establishment of a number of production units close to major markets, with freight savings offsetting the forgone economies of scale. Until the mid-1900s, the cost of transporting prepared varnish was an important variable in explaining the existence of a relatively large number of small and medium-size paint manufacturers that operated on a state or regional basis... purchase to read more