Wood Coatings Market, by Resin Type (Polyurethane, Nitrocellulose, Polyester, Epoxy, Shellac (French Polish), Melamine and Others), by Technology (Water-borne, Solvent-borne and UV-CURING), by End User (Furniture, Siding, Flooring & Decking and Others) and by Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Wood coating, commonly known as Topcoat, is used to protect hardwood surfaces against water, sunlight, oil, dust, and other household chemicals. Boards, frames, garden furniture and street furniture, modern furniture, replica furniture, kitchens, doors, furnishing accessories, and traditional flooring can all benefit from wood coatings. Wood coats make it easy to clean and disinfect wood. It also aids in the closure of pores that can serve as bacterial breeding grounds. Coatings are the final phase in the wood finishing process, and they provide a pleasing appearance to wooden surfaces. Wood coatings can also be used to create custom wooden designs. Wood finishing gives it a more appealing appearance, allows it to last longer, and increases its durability.
Market Dynamics
When compared to other technologies, solvent-borne coatings are more affordable, which is driving the global wood coatings market growth. Solvent borne coatings are typically utilized as liquid protective layers that are placed to the surface of a material to prevent corrosion. They are made up of organic compounds, and due to the drying feature of solvent-borne coatings, they have a higher toughness than aqueous coatings, making them a better alternative for corrosion control. Solvent-borne coatings also have a little benefit over waterborne coatings in that they work well even in humid situations, when the latter fails to cure properly.
Moreover, the market is being driven by an increase in construction and remodeling activity. Many modern constructions require the use of wood and coatings are required to protect these woods. As a result, the need for wood finishing has increased in recent years. The increase in new constructions may lead to the market's high profitability. Furthermore, growing disposable income will drive the global wood coatings market. As disposable incomes rise in emerging countries, more money is invested in wood treatments.
However, the negative effects of this substance on the environment have resulted in stringent government controls. Coating production and application are limited in several areas. As a result, the adoption rate is decreasing.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook