Global Wood Coating Resins Market worth 4.24 Billion USD by 2021 – Exclusive Report By MarketsandMarkets

Global Wood Coating Market was valued at US$ 1.5Bn in 2017 and is expected to reach US$ 2.5Bn by 2026, at a CAGR of 6.59% during a forecast period.

Moreover, stringent regulation imposed by regulatory authorities towards the emission of VOC and other hazardous products is fueling penetration of eco-friendly wood coating market growth.

However, the presence of cheaper alternatives is expected to restrain the market growth.

Properly managed and highly sustained home adds the value of the home and saves money in the long term.

On the basis of coating type, stains & varnishes segment is dominating the market for wood coating.

Wood coatings are mostly used in the exteriors and interiors in the furniture industry majorly owing to the finishing it provides to the furniture products.

Volume share of water-borne wood preservative coatings is higher among all the regions. The increasing awareness about the benefits of water-borne coatings and strict environmental regulations is expected to boosts the water-borne system type. However, currently the solvent borne system type dominate the wood coatings market owing to its flexibility and technical advantages, the ongoing developments in the water-borne system type to increase its competitiveness will drive the growth for water-borne system types. For instance, Dow Chemical Company developed a water-borne type new alkyd composition coatings with excellent performance. Some of the advantages of water-borne system type, helping to drive the market in the region are low toxicity and flammability, low HAPs and VOCs emissions, reductions in air emissions and excellent adhesion

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Increasing awareness about environmental concerns because of low quality and harmful additive in the wood coatings, the market in matured markets such as North America and Eastern Europe are turning towards adoption of sustainable wood preservative coatings. UV- curing and water-based coatings are trending in the regions with the companies such as BASF SE, AkzoNoble N.V, the Dow Chemical company increasing it penetration of eco-friendly product portfolio. For instance, in 2014, BASF SE developed UV dispersions for the furniture industry among others owing to demand for eco-friendly products.

Key driving factors identified in the global wood preservative coatings market include safety regulations and technical standards across regions, increasing investments of furniture and coating manufacturers, Green certifications in U.S etc.

Global wood preservative coatings market is segmented on the basis of system type, coating type and by region. The Key regions covered in the report are North America, Western Europe, Asia-Pacific excluding Japan, Eastern Europe, Middle East & Africa, Latin America and Japan.

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The report analyses the global wood preservatives coatings market in terms of volume (Tons) and value (US$ Mn) by of system type and coating type, and provides insightful information regarding the value chain, market trends, competitive landscape, market dynamics and market estimations and forecast.

Key market participants covered in the report include Akzo Nobel N.V., BASF SE, The Dow Chemical Company, The Sherwin-Williams Company, PPG Industries, Inc, Valspar Corporation, Industrias Quimicas Kupsa S.L., RPM International Inc., Lonza Group Ltd, KMG Chemicals, Inc.

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The global coating resins  market is set to gain impetus from the increasing development of greener processes by producers of final coating formulations, additives, pigments, and resins.

This information is given by Fortune Business Insights™ in a new study, titled, “Coating Resins Market Size, Share & Industry Analysis, By Resins (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others), By Formulating Technology (Water-based, Solvent-based, Powder, and Others), By End-use Industry (Architectural Coatings, General Industrial Coatings, Powder Coatings, Wood Coatings, Automotive OEM Coatings, Automotive Refinish Coatings, Protective Coatings, Packaging Coatings, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the coating resins market size was USD 33,707.6 million in 2019 and is projected to reach USD 47,412.8 million by 2027, exhibiting a CAGR of 4.7% during the forecast period.

How Did We Create This Report?As customer expectations are changing, the aspirations of dealers are also transforming rapidly.

To provide our clients with detailed information, we have conducted extensive primary and secondary research.

We have thoroughly investigated each opportunity qualitatively and quantitatively so that our clients get a complete picture of both emerging and existing opportunities.

Drivers & Restraints- Increasing Need to Develop Environmental-compatible  Processes to Boost GrowthNowadays, the availability of limited petrochemical resources and the rising environmental issues are resulting in the increasing research and development activities worldwide.

It helps in increasing the product life.

The global wood coatings market was valued at $7,800.0 million in 2018, and is projected to reach $11,985.8 million by 2025, growing at a CAGR of 6.3% from 2020 to 2025.Increase in disposable income of consumers and improvement in standard of living in developing economies such as India and China are the key factors are fueling the demand for modern furniture, which in turn is expected to drive the demand for wood coatings.

These factors are positively impacting the market growth.Get More Information about :  http://www.marketgrowthanalysis.com/reports/sample/208However, factors such as stringent environmental rules imposed by the government & other regulatory bodies on the use of volatile organic compounds (VOC) in the production of wood coating hamper the growth of the wood coatings market.

On the other hand, advancement in coatings technology and surge in use of radiation cure coatings are some of the factors that provide lucrative opportunities in the wood coating market.wood coatings Key Market Segments:By Resin TypePolyurethaneAcrylicsNitrocelluloseUnsaturated PolyesterOthersBy TechnologyWaterborneConventional Solid Solvent BorneHigh Solid Solvent BornePowder CoatingRadiation CuredOthersBy End UseFurnitureJoineryFlooringOthersRequest for Table of Contents:  http://www.marketgrowthanalysis.com/reports/toc/208The wood coatings market is segmented based on resin type, technology, end use, and region.

The wood coating market is segmented based on region including North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, Rest of LAMEA).The major key players operating in the wood coatings industry include Akzo Nobel N.V., Axalta Coatings Systems, BASF SE, DowDuPont, Eastman Chemical Company, Kansai Paint Co., Ltd., Nippon Paints Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., and Sherwin Williams Company.

These major key players are adopting different strategies such as acquisition, business expansion, and collaboration to stay competitive in the global market.Report Description:  http://www.marketgrowthanalysis.com/wood-coating-marketAbout Us:Market Growth Analysis is one of the leading digital services provider and a result-oriented company based in Canada.

Players, stakeholders, and other participants in the global Wood Coating market will be able to gain the upper hand as they use the report as a powerful resource.

The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/99766/global-wood-coating-2021-2027-337  Wood Coating is coating for wood products, widely used in furniture, doors, windows, floors, wainscoting, wooden musical instruments, sporting goods, stationery, toys, and etc.

Global Wood Coating key players include Valspar, Akzo Nobel, Nippon, PPG, Henkel, etc.

Segment by Type, the Wood Coating market is segmented into CuringSolvent Segment by Application, the Wood Coating market is segmented into Wooden FurnitureIndoor DecorationWood FloorWooden ToysWooden OutdoorOthers Regional and Country-level Analysis: North AmericaUnited StatesCanadaAsia-PacificChinaJapanSouth KoreaIndiaSoutheast AsiaAustraliaRest of Asia-PacificEuropeGermanyFranceU.K.ItalyRussiaNordic CountriesRest of EuropeLatin AmericaMexicoBrazilRest of Latin AmericaMiddle East & AfricaTurkeySaudi ArabiaUAERest of MEA Competitive Landscape and Wood Coating Market Share AnalysisWood Coating market competitive landscape provides details and data information by companies.

The major companies include: Akzo NobelPPG Industrial CoatingsNippon PaintValspar CorporationSherwin WilliamsSan Marco GroupRPM IncBrilluxTikkurilaHenkelDiamond Vogel PaintKansai PaintBasfCraig and RoseDuPontMeffert AGTaihog GroupSacalHempelCarpoly ChemicalYip's ChemicalZhanchen CoatingChina paintsGuangdong Junedos Building MaterialsSanKeShuJunZiLan coating groupGuangdong BadeseHebei Chenyang Industry and Trade GroupSanxia PaintingGuangdong Huilong  Reasons to Purchase Our Research Report:1.

Analyzing the outlook of the market with the recent trends and SWOT analysis2.

In the Report “Coating Resins Market: By Type (Acrylic, Alkyd, Amino, Epoxy, Others); By Formulation (Water, Solvent, Hot Melt, Others); By Application (Architectural, Automotive, F, Industrial, Others); By Geography - (2018-2023)” published by IndustryARC, the market drivers identified are the development of green, environmental-friendly and healthier coating systems, more durable coatings with better performance and better aesthetics, and lower costs and efficiency in use that will continue in coming years.America continues leading growth in the Coating Resins Market:America’s coating resins market is predicted to expand rapidly as compared to other regions,to generate a revenue of $11.78 million by 2023.

The European market for coating resins is expected to grow at a CAGR of 4% and to reach a revenue of $9.19 billion by 2023.Asia-Pacific with increased concentration of industrial clusters, accounted for 47% of the global market and is forecast to maintain its power over the coming years.

The region accounted for a revenue of $16.50 billion in 2017 and is estimated to grow with a CAGR of 4.4% through the forecast period to reach $20.22 billion by 2023.Selected Type Analysis done in the full Report:Acrylic resin holds the highest share for coating resins market revenue due to the increasing demand from the end user segments such as architecture and automotive applications.

The rise in cost was caused by the increasing demand for resin from India and China.

So, new investments mainly in China in the sectors of infrastructure, automotive and food sectors would present high opportunities for coating resin filling market.• New applications for the waterborne acrylic resins are the growth factors for this industry.

HELIOS Group, Reichhold LLC, Allnex Belgium SA/NV are some of the players that produce coating resins for architectural coatings application market.

The Global Coating Resins Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.

The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Coating resins are powdered coatings basically made from synthetic material resin.

These coating are prepared from raw materials like polyester, nylon and epoxy and acrylics.

Thermoplastic powders, radiation cured powders and thermosetting powders are three major coating powder materials from which coating resins can be produced.

Coating resins find a wide range of application in the consumer electronic appliances, metal coating, construction and automotive spare parts.Construction is the major end-user segment dominating the rapid growth of the global coating resins market.

Growth of the aerospace and marine industry is further expected to empower market growth for the forecast.Browse the complete Global Coating Resins Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/1106-coating-resins-market-reportKey players in the global coating market are:PCCR USABASF SEAllnexEvonikRoyal DSM N.V.Bayer A.G.Nuplex Industries Ltd.Dow ChemicalArkema Coating resinsMomentive Specialty Chemicals, Inc.SEGMENTATIONS IN REPORT:Coating Resins By ProductAcrylicsAlkydsEpoxiesUnsaturated PolyestersUrethanesOthers (Including Amino Coating Resins, Etc.