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Global wood
coatings market: Demand analysis
Wood coatings are coatings applied onto a wooden surface finding their use especially in the production of furniture where it typically represents 5 and 30% of the manufacturing costs. By the process of wood varnish, wooden surfaces attain enhanced appearance and increased resistance to moisture and other environmental agents such as bacteria. These wood floor finishes also make it easy to clean the surfaces and improves the hardness of the flooring. External wood coatings give low-value woods the appearance of ones that are expensive and difficult to obtain. Wood finishing, in short, offers the reliability of an effective curing agent with an added advantage of offering high resistivity. Radiation cure coatings, on the other hand, are a similar type of wood coatings in which UV energy, visible light or low energy electrons (EB) are used to form a coating as opposed to their thermal, evaporative or oxidative counterparts.
According to a recent PPG survey,
50 percent of U.S. respondents have decks and 96 percent of these respondents
use their decks during the day and almost every other day. Another finding
discusses that 47 percent of U.S. respondents agreed that they would prefer to
do an exterior stain project themselves rather than letting the job be done by
a professional. This data goes on to prove that as the furniture maintenance
activities are becoming highly customizable in the form of clearance of
furniture stains by hand, the performance of DIY projects and taking up of
remodeling projects for the style. There is a definite need for wood coatings
market and demand for wood coatings marketplace is increasing due to
construction activities which also include regular maintenance activities.
According to the analyst at
IndustryARC, the global wood coatings market value stood at $8,823 million as
of 2018. The market is projected to grow with a CAGR of 6.30% during the
forecast period of 2019 to 2025, and the chief region where the marketplace
displayed a great demand as of 2018 was APAC, encompassing 30.76% of the global
demand. The chief application segment would be furniture and fixtures business
with an application CAGR of 5.30% during the forecast period of 2019-2025. The
report is titled “Wood Coatings Market: By Formulation (Water Based, Solvent Based, Radiation Cured) Type of Coating/Finishes (Penetrating Finishes, Varnish, Lacquer, Others) End User Application (Food Packaging Industry, Infrastructure, Furniture, Others) & Geography - Forecast (2019 - 2025).”
Competitive
Landscape:
Companies working in the field of global wood coatings market are
Akzonobel N.V., Sherwin Williams, PPG Industries, Nippon Paint Holdings,
Axalta, RPM International, Kelly-Moore Paint Company Inc., Vermont Natural
Coatings Inc, Weilburger Coatings GmbH and Sniezka S.A.
Conclusion:
Wooden coatings are helping people customize their home according to
their preferences. They are highly novel in approach and can resist
environmental degradation of any sort opening up a lot of options for those who
want to add a pinch of their own style onto the furniture in their homes.
Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=11720
Protective Coatings Market
https://www.industryarc.com/Report/18131/protective-coatings-market.html
Coating Resins Market
https://www.industryarc.com/Report/11680/coating-resins-market.html
Industrial Coatings Market
https://www.industryarc.com/Report/11724/industrial-coatings-market.html
The wooden coatings market report is prepared with the main agenda to cover the following 20 points:
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.