Press release
Wood Varnishes Market - The Biggest Trends to Watch out for 2017 - 2025
Substantial growth in the residential construction industry in developing regions benefits the overall wood coatings industry including varnishes. Maintenance end users contribute to a relatively large demand for the wood varnishes market as compared to new projects
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On seeing the market from a macro-economic perspective, increasing disposable income has led to a demand for products with a better visual appeal and aesthetic appearance. There has been a growing demand for wooden furniture and décor products, which is driving the global wood varnishes market.
The major challenge faced by the global wood varnishes industry is the use of non-wooden materials in a large number of applications. For example, the use of alternate materials, such as plastics has caused a major impact on the use of wood, which in turn is impacting the global wood varnishes market. Maturity in applications, such as railroads and utility poles is further restraining the growth of the market.
Increasingly, consumer preference is inclined towards faster drying varnishes. There has been an increase in the use of water based varnishes as they have lower levels of toxicity, emit less odor and have a faster drying capability as compared to oil and solvent based varnishes, but these varnishes are not suitable for use in high heat and where they may be exposed to chemicals.
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Another trend observed in the wood varnishes market is the use of an epoxy as an undercoat and then varnish is applied over the surface of wood. This method offers better resistance.
BASF SE, Dulux (AkzoNobel N.V.), Ronseal (Sherwin-Williams corporation), The Valspar Corporation, Barpimo S.A., PPG Industries Inc., Kansai Paint Co. Ltd., Nippon Paint Holdings Co., Ltd, Asian Paints and Others.
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