global wood coatings market 2015-2019
TRANSCRIPT
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Global Wood Coatings Market 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
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Key Trends
Technavio’s Senior Analyst says, “Increasing demand for wood coatings from Central and Eastern Europe, brought about by strong growth in the furniture industry and the recovery of the housing market in many countries in this region, is propelling the growth of the market. Customization of products for customers is another driver.”
• Coatings are products used to protect a surface and/or enhance its appearance. Coatings used on wooden substrates are commonly called wood coatings. Wood coatings are formulated using various types of resins such as acrylic resins, amino resins, polyester, polyurethane, and nitrocellulose. There are four major types of coatings based on technology: solvent-borne, water-borne, radiation-cure, and powder coatings.
• Technavio's analysts forecast the global wood coatings market to grow at a CAGR of 5.99% over the period 2014-2019.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Global Wood Coatings Market 2015-2019
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Vendors
To understand the vendor landscape and for a full list of
vendors view our report:
Global Wood Coatings Market 2015-2019
AkzoNobel
PPG Industries
RPM International
AkzoNobel was founded in 1994 and is headquartered in Amsterdam, Netherlands. The company was formed as a result of the merger between Akzo and Nobel Industries. It is one of the leading manufacturers and suppliers of specialty chemicals, paints, and performance coatings worldwide.
ASICS was founded in 1949, and is headquartered in Chuo-ku,Kobe, Japan. It manufactures and sells sports goods, such as sports shoes, sportswear, and sports equipment. It also offers bags and other accessories.
RPM International was established in 1947 and is headquartered in Medina, Ohio, US. The company, along with its subsidiaries, manufactures and markets high-performance products for the Industrial and Consumer markets.
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Market Landscape• Technavio expects there to be strong growth in this market during the forecast
period, with revenue posting a greater CAGR than consumption volume.
• Prices of wood coatings will rise at a steady pace, with high-value applications such as decking contributing to a substantial share of revenue.
• Premium products are likely to be preferred in developed regions such as North America and Western Europe.
• However, with increasing disposable income of consumers in the emerging markets and a growing need for durable wood coatings that reduce the frequency of necessary renovations, the demand for premium products is expected to be stronger than it has been over the past five years.
• The demand for low-cost and high-performance wood coatings will also be high.
• Emerging markets are expected to consume wood coatings at a faster rate because of the strong growth of the housing market.
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Market Outlook
• Authenticity • Delivery • Price• Service
Support
• Over the past few years, vendors in the chemical industry have been making concerted efforts to employ sustainable processes that have a minimal impact on the environment.
• Such activities include the development of eco-friendly products, which also help vendors gain a competitive edge.
• The R&D of eco-friendly products is not a new concept in the industry; however, the sources used for deriving these products provide new dimensions for the growth of vendors.
• New entrants that offer innovative and green solutions are growing in the market.
• Vermont Natural Coatings is one such vendor that offers PolyWhey coatings, a professional wood finish product, which is derived from recycled whey proteins.
• The product is an alternative to water-borne wood coatings and can be deployed for both interior and exterior wood coating applications.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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Global Wood Coatings Market 2015-2019
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