The Global Wood Coatings Market size is expected to reach $11.3 billion by 2025, rising at a market growth of 6.34% CAGR during the forecast period.
Wood coatings are the commonly used materials for preserving, waterproofing and improving the performance of multiple surfaces in various applications. Doors and windows, metal grills and furniture have a common form of paint, enamel paint, which is used for coating or wooden painting. But unlike furniture, doors, and windows are enclosed in walls that makes them vulnerable to humidity. Polyurethane coatings are the modern solution to old-fashioned varnishes and the painting of furniture products with enamel paints. They are synthetic and provide an incredibly tough and transparent protective coating.
Global Wood Coatings Market Size
Water-soluble polymers are widely used in food, paper, pharmaceuticals, construction, adhesive, water treatment, textiles, paint, textiles, and other industries. Polyvinyl alcohol, a water-soluble polymer, is widely used for making textile yarn and paper stronger, particularly textile yarn to make it more adaptable to grease and oil. In the food industry, casein is used in cream-based soups, pudding, sherbet, custard, and others as a nutritional supplement, thickener, emulsifier, and texture stabilizer.
Increasing consumer disposable income and improving living standards are important factors fuelling demand for modern furniture, which in turn is supposed to drive demand for wood coatings. Furthermore, as the housing and real estate market is experiencing significant developments, they make a positive effect on the demand for joinery. Joinery includes cabinets and facades. Each of these factors is boosting the wood coatings market at a rapid rate.
Global Wood Coatings Market Share
Based on Resin Type, the market is segmented into Polyurethane, Acrylic, Nitrocellulose, Unsaturated Polyester and Others. Based on Technology, the market is segmented into Waterborne, Conventional Solid Solvent Borne, High Solid Solvent Borne, Powder Coating, Radiation Cured and Others. Based on End Use, the market is segmented into Furniture, Joinery, Flooring and Others. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Akzo Nobel N.V., BASF SE, Arkema S.A., Eastman Chemical Company, Nippon Paints Holdings Co. Ltd., RPM International, Inc., Ashland Global Holdings, Inc., Diamond Vogel Paints Company, Sherwin Williams Company, PPG Industries, Inc.
Market Segmentation:
By Resin Type
By Technology
By End User
By Geography
Companies Profiled
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