Coatings Industry News

Main News Page


Rooted in Recovery, Wood Coatings Grow

Thursday, June 18, 2015

Comment | More

DALLAS--The global wood coatings market is on the rebound, its growth paved by increasing global economic stability and a rise in construction activity, a new forecast reports.

The market for stains, varnishes, preservatives and other coatings is in for steady 6.3 percent annual growth in the years ahead, reaching a total value of $1.9 billion by 2020, according to Wood Coating Market by MarketsandMarkets.com.

© iStock.com / kanvag

The wood coatings market is expected to see a 6.3 percent growth between now and 2020, according to a recent report by MarketsandMarkets.com.

In its analysis, released in May, MarketsandMarkets looked at coating type, application method, end user and geographical region.

The full report is available for purchase here.

Segments of Opportunity

Wood coatings, most often used in the construction and furniture industries, include stains and varnishes, shellac coatings, wood preservatives, water repellents and others.

Stains and varnishes are projected to be the fastest-growing market segment, according to the report.

Regionally, Asia-Pacific is experiencing the most growth, followed by Europe and North America, the report says.
 

woodcoatingsmarket
marketsandmarkets.com

Asia-Pacific is both the largest, and fastest-growing, region worldwide for wood coatings, according to a new report.

To capitalize on the demand for wood coatings, key market players have strengthened their footholds through mergers and acquisitions over the past five years.

This has allowed German-based BASF SE, The Netherlands-based Akzo Novel N.V., and two U.S. companies—The Dow Chemical Co. and Sherwin-Williams—to keep up in the regions where wood coatings are needed the most, the report states.

Those investment strategies also have allowed the market leaders to gain expertise in the industry and make their practices more efficient, the report says.

Market Drivers

In addition to the rise of renovations and remodeling, the wood coatings market is being fueled by the end users’ demand for more eco-friendly products.

Consumers worldwide are seeking low-VOC wood coatings, which the report lists as a major growth opportunity for the companies in the industry.

Wikimedia Commons

The stains and varnishes category is expected to be the fastest-growng coating type in the wood coatings market; Asia-Pacific region is expected to be the hottest regional market worldwide.

Also driving the market are emerging countries where the need for wood coatings is expected to increase and rapidly changing coating technologies, the report says.

Companies will need to continue to invest in research and development to come up with new solutions in the constantly changing marketplace, the report says.

   

Tagged categories: Asia Pacific; Coating Materials; Coating types; EMEA (Europe, Middle East and Africa); Green coatings; Latin America; Market forecasts; Market share; North America; Protective Coatings; Wood coatings

Comment Join the Conversation:

Sign in to our community to add your comments.


Advertisements
 
Tarps manufacturing, Inc.

 
SAFE Systems, Inc.

 
KTA-Tator, Inc. - Corporate Office

 
Modern Safety Techniques

 
NLB Corporation

 
Sauereisen, Inc.

 
WEFTEC Show

 
ABKaelin, LLC

 
Fischer Technology Inc.

 
DeFelsko Corporation

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy Policy   |   Terms & Conditions   |   Support   |   Site Map   |   Search   |   Contact Us