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Wood Coating Resins Market by Resin Type (Polyurethane, Acrylic, Epoxy, Alkyd, Nitrocellulose, Polyester), Technology (Solventborne, Reactive, Dispersion), End User (Furniture, Cabinets, Doors and Windows, Flooring) - Global Forecast to 2021

Wood Coating Resins Market: Global Forecast until 2021

  • October 2016
  • 128 pages
  • ID: 4278431
In this report:
The global market is expected to grow at a CAGR of ##.##% and ##.##% in terms of value and volume, respectively, between 2016 and 2021 Asia-Pacific polyurethane wood coating resin market is projected to reach USD ##.## million by value and ##.## KT by volume by 2021 Asia-Pacific is expected to dominate the market with a share of ##.##% in terms of volume in 2016

Summary

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"Global wood coating resins market to register a CAGR (Compound annual growth rate) of ~5.4 percent between 2016 and 2021"

The overall wood coating resins market is estimated to grow ~$4.2B by 2021, at a compound annual growth rate of ~5.4 percent from 2016 to 2021. Rise in the accessibility of green, environment friendly, healthier coating systems, more durable coating resins providing better performance and better aesthetics, increasing demand for water borne and solvent free coating resins, VOC regulations driving the market demand for water borne coating resins, increasing end-use sectors, are forecast to steer the overall wood coating resins market during the upcoming five years. The main restraining factors in the overall wood coating resins market are the higher price levels of water borne coatings as distinguished to the solvent borne counterparts, higher consumption of solvent borne coatings that do not comply with VOC regulations, inclination of furniture manufacturers towards the use of particle boards and other metal products.

"Polyurethane is the main resin driving the wood coating resins market"

Polyurethane wood coatings have excellent versatility and exceptional chemical and physical resistance. They produce hard surface topcoats with excellent results. PU-based wood coatings strengthen the properties of wood-based substrates - providing color and protection. Polyurethane based wood coatings offer numerous high-performance properties including, long-lasting surface finish, superior chemical, solvent and scratch resistance, resistance to UV light damage, general wear-and-tear, and extreme temperature variations, is fast drying, has excellent sanding, multi-coat, rubbed, or buffed finish applications.

"Increasing demand in Asia-Pac is the main driver of the wood coating resins market"

The Asia Pacific (APAC) area is the quickest-increasing segment of the overall wood coating resins market. The growth in the middle-class population, increasing disposable incomes, and demand from end-use markets are anticipated to fuel the industry demand, thus driving the sector in the territory.

Breakup of primary interviews:

• By Company category - Tier 1 - 46.0 percent, Tier 2 - 27.0 percent, and Others - 27.0 percent

• By Description - C-suite - 36.0 percent, D-suite - 18.0 percent, and Others - 46.0 percent

• By Area - North America continent - 36.0 percent, Europe (EU) - 36.0 percent, Asia Pacific (APAC) - 18.0 percent, Rest of the globe - 10.0 percent

The main companies decribed in this industry report are Arkema (EPA:AKE), Nuplex Industries Limited, Koninklijke (DSM), Allnex S.à.r.l. , Synthopol Chemie Dr. rer. pol. Koch GmbH & Co. KG, Dynea AS, Polynt Spa, Sirca Spa, IVM Group, and Helios Group.

Segment Research

The wood coating resins market report includes four various segmentations which include market by resin type (polyurethane, acrylic, epoxy, alkyd, nitrocellulose, polyester, and others), market by technology (solvent borne, high-solids, radiation curable, water borne, and powder based), market by end-use sectors (furniture, cabinets, doors & windows, flooring, decoration, and others), and market by four distinct regions together with the countries.

Why acquiring this study can help you

From an insight prospect, this market research has emphasized several levels of analyses - industry, market share research of top players, value chain study, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape; coming out and high-growth segments of the overall wood coating resins market; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on wood coating resins provided by the top actors in the overall wood coating resins market

- Product improvement/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the wood coating resins market

- Industry development: Highlighted information about profitable emerging sectors - the market research examines the industries for wood coating resins across localities

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall wood coating resins market

- Opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of the key players in the overall wood coating resins market

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