Skip to main content

Impact of Covid-19 on Wood Coating Resins Market: Applications, Growth Analysis and Regional Outlook

 Wood coatings are used on wooden surfaces to enhance their appearance and increase durability. Wood coatings are commonly used for polishing and exhibit water repellent properties. Wood coatings play a vital role in furniture and wood processing industries. The global wood coating resins market has been expanding due to the environmentally-friendly properties, better coating systems, high durability, enhanced esthetics, and better performance of these coatings. Increase in usage of solvent free and water based coating resins and implementation of strict regulations on volatile organic compounds (VOC) are anticipated to drive the global wood coating resins market during the forecast period.

Rise in demand for solvent-borne coatings that do not emit VOCs, higher price of water based coatings, and preference of furniture manufacturers for various metal products and particle boards are expected to restrain the wood coating resins market in the near future. Increase in inclination of the people to opt for other substitutes for wood based furniture and decrease in demand in various applications such as utility poles and rail road products are also anticipated to hamper the wood coating resins market.

The wood coating resins market has been segmented based on resin type, technology, application, and region. Based on resin type, the market has been divided into acrylic, epoxy, nitrocellulose, polyester, alkyd, and others. Polyurethane resin type hold major share in wood coating resins Polyurethane wood coatings are versatile and offer exceptional physical and chemical resistance. These coatings helps produce hard surface topcoats with excellent properties. Polyurethane reinforces the properties of wood based materials by providing protection and color. It also provides several high performance properties for wood coating substrates such as superior chemical, long-lasting surface finish, resistance to UV light, scratch resistance, general wear and tear, quick drying, and excellent sanding.

Request PDF brochure

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=22370

In terms of on technology, the wood coating resins market has been segregated into water borne, solvent borne, radiation cure, high-solids, and powder. The water borne technology surpasses the application properties and performance of solvent borne wood coating resins. The technology provides significant performance properties such as print and block resistance, early chemical resistance, and hardness.

Based on application, the market has been divided into cabinets, furniture, doors & windows, decoration, flooring, and others. Different kinds of coatings are used in furniture (indoor and outdoor) depending upon its applications and functions. Pendulum hardness (higher resistance to dirt), is vital properties for the usage of wood coating resins in furniture (indoor and outdoor) applications. Rise in demand for traditional and modern types of furniture in end-users companies is anticipated to boost the demand for wood coating resins in the next few years.

More Trending Reports

https://www.prnewswire.com/news-releases/popularity-among-numerous-applications-to-increase-the-growth-rate-of-the-ginger-oil-market-during-the-tenure-of-2020-2030-tmr-301247236.html

Based on region, the wood coating resins market has been classified into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is one of the key regions in terms of consumption of wood coating resins across the globe. Changing consumer tastes, strong economic growth, increase in infrastructure, and improvement in lifestyle and standard of living of people are expected to drive the wood coating resins market in Asia Pacific in the near future. The wood coating resins market in Latin America is also anticipated to expand at a rapid pace, due to the rise in construction activities and improvement in standard of living of the people in the region. North America is also anticipated to account for major share of the wood coating resins market in the near future, led by the rise in number of infrastructure activities. Furthermore, increase in need of home decorators in Europe is projected to boost the demand for wood coating resins in the region. Stringent environmental pressures and regulations are major factor to drive the wood coating resins market in Europe.

Buy Now

https://www.transparencymarketresearch.com/checkout.php?rep_id=22370&ltype=S

Key players operating in the global wood coating resins market are Nuplex Industries Limited, Koninklijke, DSM N.V., Dynea AS, Akzo Nobel India Ltd., Polynt Spa, Kansai Paint Co. Ltd., SigmaKalon Group BV, Allnex S.à r.l., Valspar Corp., and BASF Coatings AG. 

Request Discount

https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=22370

Labels:

Comments

Post a Comment

Popular posts from this blog

Tunnel Boring Machine Market: Applications, Revenue, Growth and Trends

  Tunnel boring machines are gigantic special-purpose machines, particularly used in building tunnels for roads, railways, and pipelines. These machines are long with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are intricate assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines ranges from 1 meter to 20 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels. The tunnel boring machine market is largely driven by the increase in spending on road and railway infrastructure. Countries such as China, Japan, Italy, South Korea, Norway, and Germany have vast tunnel networks. The key reason is to connect major cities within the country, sometimes even international, with minimum commute time. This largely optimizes the transportation costs and connects cities to boost commerce. The other method for building tunnels is...
Post a Comment
Read more

GLOBAL WOOD COATINGS MARKET TO TOUCH VALUATION OF US$17.595 BN BY 2025 END

  The  global wood coatings market  features a highly competitive landscape owing to the presence of a plethora of companies competing against one another, notes Transparency Market Research (TMR). Top players in the wood coatings market increasingly resort to forward integration strategies to gain substantial competitive benefits, which may help them to retain their stronghold over the assessment period. Several players are also focusing on product differentiations to attract more consumers and consolidate their positions in various regions. This is especially the trend among small- and medium-scale manufacturers who find this a key strategy to gain a foothold in the wood coatings market. TMR finds that the wood coatings market is also fairly consolidated as the top four players held a combined share of nearly 60.0% in 2016. These companies are RPM International Inc., Akzo Novel N.V., PPG Industries Inc., and The Sherwin Williams Company. Of these, The Sherwin Willia...
Post a Comment
Read more

ANTHOCYANIN CONSUMPTION LEVELS TO TAKE OFF IN DEVELOPING REGIONAL MARKET

  TMR projects the  global anthocyanin market  to reach US$ 735.9 Mn by 2026. Over this period of 2018-2026, the anthocyanin market is forecast to report a CAGR of 4.6%. Among the key end use segments, the food and beverages industry is likely to lead the market in 2018. The trend is likely to remain unchanged throughout the course of the forecast period. Regionally, the North America anthocyanin market held the leading share in the global market in 2018. The global anthocyanin market exhibits the presence of several large companies. Besides this, domestic players enjoy a stronghold in regional pockets, which has rendered the market highly competitive. According to a new study by Transparency Market Research (TMR), Archer Daniels Midlands Co., Sensient Technologies Corp, Symrise A.G., and CHR Hansen A/S held nearly 50% of the global anthocyanin market in 2018, thereby registering their dominance. To sustain growth amidst the prevailing competition, the leading players...
Post a Comment
Read more