Wood Coatings Market Research Report
Global Wood
Coatings Market
The GMI Research forecasts that the Wood Coatings Market is
witnessing an upsurge in demand over the forecast period. This is mainly due to
the increase in disposable income of consumers and improvement in the standard
of living in developing economies.
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Introduction of the Wood Coatings Market:
The wood coating is extensively used in the prevention and
refinement of wood or wood-made structures. It helps to raise the product life.
Moreover, their use enhances the visual cues of a wooden object, thereby promoting
the market of the product.
Key Players of the Global Wood Coatings Market:
·
Nippon Paint Co. Ltd.
·
PPG Industries, Inc.
·
RPM International Inc.
·
The Valspar Corporation
·
BASF SE
·
Akzo Nobel N.V.
·
Ashland Global Holdings Inc.
·
The Dow Chemical Company
·
Hempel A/S
·
The Sherwin-Williams Company
Wood Coatings Market Dynamics (including market size, share,
trends, forecast, growth, forecast, and industry analysis)
Growth in the wood
coatings market is primarily driven by the enhancement in the standard of
living across several emerging economies such as China and India, led by the
accelerating disposable income of consumers, growing urban population, surging
demand for sophisticated wood coatings materials, which include bio-based
resins, biopolymers, and UV cured coatings from the furniture industry. In
addition, the residential and commercial buildings are expected to witness a
significant demand mainly due to the expansion in the construction sector,
which in turn will strengthen the wood coatings market size. The introduction
of novel technologies, the development of reflective coatings, and the launch
of environment-friendly materials such as green wood coating will proffer
enormous lucrative opportunities for market growth. Also, the modernizations in
coatings technology and the escalation in the employment of radiation cure
coatings will propel the wood coatings market share.
Furthermore, various properties, including improved visual
cues of wooden objects, resilience from moisture and heat, raised durability,
and easy maintenance, further stimulated the market growth. However, rigorous
environmental rules invaded by the government and regulatory authorities on the
implementation of volatile organic compounds (VOC) during the production
process because of their adverse impact on the environment and unstable prices
of raw materials are the major factors hindering the market growth.
Wood Coatings Market Segmentation:
Segmentation
by Resin Type
·
Acrylic
·
Nitrocellulose
·
Polyester
·
Polyurethane
·
Others
Segmentation
by Technology
·
Water-borne
·
Solvent-borne
·
UV-cured
Segmentation
by Application
·
Furniture and Fixture
·
Doors and Windows
·
Cabinet
·
Others
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
About GMI
Research
GMI Research is a market research and consulting company
that offers business sights and market research reports for every enterprise,
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