Wood Coating Resins Market Size to Grow at a Steady Rate During Forecast Period 2016-2026

Wood coating resins are organic compound used for home décor and industrial purposes, to impart stringent and beautiful coatings to protect furniture from extreme environmental condition, coupled with providing an aesthetic appeal. These coating are various types of acrylic and polyurethane polymers and copolymers. These coating are extensively used in furniture, decking and siding applications. In recent years the market has seen, frequent developments and innovations, to develop eco-friendly alternatives to solvent based wood coating resins. Water borne and UV curable systems are upcoming new resin types in the global wood coating resins market.

Owing, to positive trends in construction industry, demand for wood coating resins is anticipated to expand with a notable CAGR over the forecast period

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Wood Coating Resins Market: Drivers and Restraints

The global Wood Coating Resins Marketis projected to grow at a moderate growth rate, amid reviving number of residential constructions, across all the regions globally. Apart from this, a prominent share of demand is expected to come from maintenance activity of pre-existing wood items, which is expected to further fuel the demand for wood coating resins. With improving living standards of people rising demand for decorative wood coatings, is also anticipated to fuel revenues in the global wood coating resins market. Rising preference for Do-It-Yourself (DIY) boxes in developed nations is further expected to drive the demand for wood coating resins, as seeing these available in retail shops, shall make people feel the need to regularly improve their furniture anaesthetics. Moreover increasing number of upcoming environmental friendly products and advanced UV protection coating is expected to continuously revive demand for wood coating resins throughout the forecast period.

Shifting preference of people towards other alternatives to wood based furniture, is expected to simultaneously, limit growth rates in the wood coating resins market also. Furthermore, decreasing demand from maturing application areas such as rail road products and utility poles, is expected to slow down growth in the wood coating resins market.

Photoresist Chemicals Market: Segmentation

On the basis of product type,

Solvent borne
High-solids
Radiation cure
Water borne

On the basis of Resin Type,

Polyurethane
Acrylic
Epoxy
Alkyd
Others

On the basis of application,

Furniture
Decking
Siding

Wood Coating Resins Market: Region Wise Outlook

The global Wood Coating Resins market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). APEJ and Latin America are expected to be the fastest growing region in terms of demand for wood Coating Resins, due to rapidly improving living standards and rising construction activity in these regions. North America are also expected to hold a prominent share of demand, particularly due to rising number of maintenance activities. Furthermore, the need to update house décor is expected to drive demand for wood coating resins in Western Europe.

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Wood Coating Resins Market: Key Players

Koninklijke DSM N.V.
Nuplex Industries Limited
Akzo Nobel India Ltd
Dynea AS
Polynt Spa
SigmaKalon Group BV
Kansai Paint Co. Ltd.
Allnex S.à r.l.
BASF Coatings AG
Valspar Corp.

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This release was published on openPR.