DUBLIN, October 4, 2017 /PRNewswire/ --
The "Global Furniture Wood Coatings Market 2017-2021" report has been added to Research and Markets' offering.
The analysts forecast the global furniture wood coatings market to grow at a CAGR of 6.16% during the period 2017-2021.
Global Furniture Wood Coatings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is Growing importance for UV-cured coatings. The demand for UV-cured coatings is growing, owing to lesser drying time and low VOC content. Several furniture manufacturers are adopting UV-cured coatings to conserve the production time and to expand the production volumes. In addition, the higher density achieved by UV-cured coatings results is enhanced physical properties. Therefore, the shift toward UV-cured coatings is expected to continue during the forecast period, which will boost the global furniture wood coatings market.
According to the report, one of the major drivers for this market is Increasing availability of recycled wood. To prevent wood landfills and reduce waste, governments are imposing regulations to the limit of landfills. Europe imposed the Waste Framework Directive 2008/98EC to improve the recycling and use of resources. This regulation is aimed to meet the target of achieving 70% of recycling in construction and demolition, by 2020. It is estimated that approximately 5.1 million metric ton of wood waste is generated and 1.3 million metric ton of wood is being recovered every year in Europe. This increasing rate of wood recovery is expected to boost the global furniture wood coatings market.
Further, the report states that one of the major factors hindering the growth of this market is Drawbacks of applications. Several applications such as kitchen cabinets and office furniture require customized wood coating solutions. Waterborne and powder coatings exhibit different finishing on different applications. For instance, in the case of powder coatings, applying a thin coat stands as a challenge as powder coatings show uneven thickness, especially at the edges of furniture. Such difficulties in the applications of coatings are likely to hamper the demand for waterborne and powder coatings. This will consequently affect the global furniture wood coatings market.
- Akzo Nobel
- The Sherwin-Williams Company
- The Dow Chemical Company
- PPG Industries
Other prominent vendors
- Benjamin Moore
- Diamond Vogel
- Drywood Coatings
- Helios Group - A member of Kansai Paint
- IVM Chemicals
- KAPCI Coatings
- Royal DSM
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Type
Part 07: Market Segmentation By Geography
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/dwnj6j/global_furniture
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
View original content:http://www.prnewswire.com/news-releases/global-furniture-wood-coatings-market-2017-2021-with-akzo-nobel-basf-the-sherwin-williams-company-the-dow-chemical-company--ppg-industries-dominating-300530792.html
SOURCE Research and Markets