LONDON, Oct. 20, 2015 /PRNewswire/ -- The global wood coating market exhibits a lucrative growth potential of 6.30% for the next five years. The growth of this market is propelled by rising concerns regarding eco-friendly products and the increasing construction projects, both commercial and non-commercial, globally. The market is further driven by factors such as increasing renovations & remodeling in the building construction sector.
With the emergence of new technologies and increasing demand for low-VOC coatings, manufacturers are looking for advanced products to make the wood coating eco-friendly. North America is estimated to be the largest market, because of the willingness of companies in the region to take up capital intensive projects, along with the availability of technical expertise.
The wood coating market is projected to see the largest demand coming from furniture manufacturers. The market for stains & varnishes is projected to account for the largest market during the forecast period. In terms of applications method, the market for roll coating & brush coating is estimated dominate from 2015 to 2020.
This report covers the global wood coating market in the major regions—North America, Europe, Asia-Pacific, and RoW—for the key coating types, which include stains & varnishes, shellac, wood preservatives, water repellents, and others.
This report analyzes various marketing trends and establishes the most effective growth strategy in the market. It identifies market dynamics such as drivers, restraints, opportunities, and challenges. Prominent companies such as BASF SE (Germany), Akzo Nobel N.V. (The Netherlands), The Dow Chemical Company (U.S.), and The Sherwin-Williams Company (U.S.) have also been profiled.
Scope of the report
- On the basis of region, this market has been segmented as follows:
o North America
- On the basis of coating type, this market has been segmented as follows:
o Stains & varnishes
o Wood preservatives
o Water repellents
o Others (dyes, waxes, oils, and lacquers)
- On the basis of application, this market has been segmented as follows:
o Roll coating & brush coating
o Vacuum coating
o Spray coating
o Others (lint-free cloth, lambswool applicator, and synthetic pad applicator)
- On the basis of end user, this market has been segmented as follows:
o Flooring & decking
o Others (tile boards, shutters, roofs, wooden toy manufacturers, and coating used in home decorations)
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