The global wood coatings market is globally segmented into its technology, application, coating type, resin type and geography.
Sarasota, FL -- (SBWIRE) -- 06/19/2017 -- Zion Market Research, the market research group announced the analysis report titled "Wood Coatings Resins Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Global Wood Coatings Resins Market: Overview
The wood coating resins are organic compounds that are used for the industrial purposes and home decor purposes. They are utilized in order to give beautiful and stringent coatings on the furniture to protect them against bad weather conditions and also give them an artistic appeal. There are various types of coatings available in the market such as acrylic and polyurethane copolymers and polymers. Different applications where the wood coating resins are extensively used are in siding, furniture and decking applications. New developments and innovations are made in the recent years to develop eco-friendly options over the solvent-based wood coating resins.
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Global Wood Coatings Resins Market: Segmentation
The global wood coatings market is globally segmented into its technology, application, coating type, resin type and geography. On the basis of the technology, the global market is categorized into high solids, water borne, solvent borne, radiation cure and powder. Based on the application, the global wood coatings resins market is divided into cabinets, flooring, furniture, doors and windows, decoration and others. On the basis of the resin type, the global market is segregated into acrylic, alkyd, polyester, polyurethane, epoxy, nitrocellulose and others. Based on the coatings type, the global market is segregated into stains and varnishes, water repellants, shellacs and others. Region wise, the global wood coating resins market is diversified into the Middle East and Africa, Asia Pacific, North America, Latin America and Europe.
Global Wood Coatings Resins Market: Growth Factors
The dominant application segment of the global wood coatings resins market is the furniture. The water borne technology is the widely used technology in the global market. The factors that are contributing positively to the global market growth are the eco-friendly nature of the wood coating resins, durability of the coating resins, it is a healthier coating option, gives better performance and it provides artistic look. There is a great demand for the solvent free and water borne coating resins which affects the market growth significantly. The other factor fueling the global market growth is the maintenance activity of the wood items that are pre-existing. In the recent years, the living standards of the people has increased significantly owing to which there has been a great demand for the decorative wood coatings thus contributing to the market growth. The factor that acts as a hindrance to the global market growth is the availability of the other cheaper alternatives over the wood coating resins.
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Global Wood Coatings Resins Market: Regional Analysis
The region that is dominating the global wood coatings market is the Asia Pacific region. The region is perceiving a rapid transformation and growth in the global market. It is a global sourcing hub for some of the major companies due to the increasing demand for the wood coating resins. The factors that are driving the Asia Pacific market are the changing preferences of the consumer, huge investments made in the infrastructure, an increase in the economic growth and the improvement in the living standards of the people have positively contributed to the global market growth. The other regions are also contributing a quality share in the growth of the global wood coating resins market.
Global Wood Coatings Resins Market: Competitive Players
The major market players in the global wood coating resins market are Arkema S.A., Koninklijke DSM N.V., SynthopolChemie Dr. rer. pol. Koch GmbH & Co. KG, Kansai Paint Co. Ltd., BASF Coatings AG , Polynt Spa, SigmaKalon Group BV , IVM Group, Nuplex Industries Limited, Valspar Corp., Allnex S.à.r.l., Dynea AS, Sirca Spa and Helios Group.
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Global Wood Coatings Resins Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa