Title: Wood Coatings Market Global Industry Insights, Size, Trends, Outlook, and Opportunity Analysis, 2018–2026
1Wood Coatings Market - Global Industry Insights,
Size, Trends, Outlook, and Opportunity Analysis,
2018-2026
2 REPORT DESCRIPTION
Wood Coatings Market Overview
Shift towards more environmentally-friendly
materials, for example, the use of water-borne
rather than solvent-borne chemicals. Wood
coatings are additives or mixtures that are added
to the end wood product, primarily to preserve
the overall quality of the finished product, in
terms of durability, color, and texture. Wood
coatings cover a broad range of products
including stains, varnishes, paints, and
supporting ancillary products for indoor and
outdoor purposes. The coating is applied after
the wood surface is stained and prepared. The
process of applying coating to a finished wood
product is known as wood finishing. Finishing is
the last step of the production process and
provides desirable characteristics such as
moisture and heat resistance, increased
durability, and enhanced appearance to the wood
surface. Finishing also helps keep the
end-product sanitized and easier to
maintain. Manufacturers of wooden furniture and
related furnishing resort to wood finishing to
provide low-cost wood with an appearance and
texture of higher end-wood items. These products
are mainly intended for sales in price-sensitive
markets such as Asia Pacific and Latin America.
According to a study conducted by Coherent Market
Insights (2016), around 68 of the population in
India was inclined towards buying low-priced wood
items that appeared premium. These consumers do
not lay emphasis on the quality of the wood and
mainly focus on aesthetic appeal.
3REPORT DESCRIPTION
- Wood Coatings Market Taxonomy
- On the basis of application, the global market is
segmented into - Furniture
- Siding
- Flooring
- Decking
- Door
- Cabinets
- Others
- On the basis of finishing processes, the global
market is segmented into - Vacuum Coatings
- Spray Coatings
- Brush Coatings
- Others
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4REPORT DESCRIPTION
Asia Pacific is expected to retain its dominance
in the global wood coatings market throughout the
forecast period. Conversely, health issues
associated with the coating ingredients is one of
the major restraining factors for the market
growth.. Health issues such as skin and eye
irritation, and asthma associated with direct
contact with wood coatings, pose as major
drawbacks for the market. In addition, constant
exposure to air and sun, result in fading of
these coatings over time, making the damaged
areas appear yellowish. Manufacturers are
focusing on product innovation, as part of their
business strategy to cater to the increasing
consumer demand. For example, Premium Coatings
And Chemicals Pvt Ltd., a specialized coatings
manufacturer based in India, offers natural wood
coatings for furniture. The company has also
introduced silk wood sealer, which provides a
glossy and matte finish with excellent adhesion,
enhanced heat resistance and non-discoloring
features. Some of the major companies operating
in the global wood coatings market are BASF SE,
Arkema SA, Ashland Inc., RPM International Inc.,
Hempel A/S, AkzoNobel N.V., Premium Coatings,
Chemicals Pvt. Ltd., and Nippon Paint Co.
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