Albany, NY -- (SBWIRE) -- 07/03/2018 -- Wood coatings are used on wooden surfaces to enhance their appearance and increase durability. Wood coatings are commonly used for polishing and exhibit water repellent properties. Wood coatings play a vital role in furniture and wood processing industries. The global wood coating resins market has been expanding due to the environmentally-friendly properties, better coating systems, high durability, enhanced esthetics, and better performance of these coatings. Increase in usage of solvent free and water based coating resins and implementation of strict regulations on volatile organic compounds (VOC) are anticipated to drive the global wood coating resins market during the forecast period.

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Rise in demand for solvent-borne coatings that do not emit VOCs, higher price of water based coatings, and preference of furniture manufacturers for various metal products and particle boards are expected to restrain the wood coating resins market in the near future. Increase in inclination of the people to opt for other substitutes for wood based furniture and decrease in demand in various applications such as utility poles and rail road products are also anticipated to hamper the wood coating resins market.

The wood coating resins market has been segmented based on resin type, technology, application, and region. Based on resin type, the market has been divided into acrylic, epoxy, nitrocellulose, polyester, alkyd, and others. Polyurethane resin type hold major share in wood coating resins

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Polyurethane wood coatings are versatile and offer exceptional physical and chemical resistance. These coatings helps produce hard surface topcoats with excellent properties. Polyurethane reinforces the properties of wood based materials by providing protection and color. It also provides several high performance properties for wood coating substrates such as superior chemical, long-lasting surface finish, resistance to UV light, scratch resistance, general wear and tear, quick drying, and excellent sanding.