Wood Coatings Market is Expected to Grow at 5% CAGR by 2019 Says New Research Report at ReportsnReports.com

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The Global Wood Coatings Market 2015-2019 report says the increasing adoption of power coating technology will boost the growth. Akzo Nobel NV, PPG Industries Inc., RPM International Inc., the Sherwin-Williams Co., and the Valspar Corp. are the key vendors in the global wood coatings market.

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The Global Wood Coatings Market 2015-2019 report says key emerging trends such as the use of renewable and natural sources for the manufacture of wood coatings is expected to boost market growth during the forecast period. Natural wood coatings are eco-friendly and help vendors in gaining a competitive edge. These eco-friendly coatings are an alternative to water-borne wood coatings and can be used for both interior and exterior wood coating applications. The vendors in the market are focusing on R&D of products that are less dependent on raw materials derived from crude oil. Plant-based renewable sources are being increasingly used to develop wood coatings.

The Global Wood Coatings Market 2015-2019 is a report of 125 pages and provides 70 Exhibits to support the research. Browse the report at http://www.reportsnreports.com/reports/402782-global-wood-coatings-market-2015-2019.html.

The analysts forecast the global wood coatings market to grow at a CAGR of 5.99% over the period 2014-2019. To arrive at a ranking of the leading vendors and to calculate the market size, the report considers the revenue generated through the sales of wood coatings.

According to the Global Wood Coatings Market 2015-2019 report, 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. The increasing disposable income of consumers is also expected to positively affect market growth as consumers nowadays require durable wood coatings that will reduce the frequency of renovations. Also, developing markets are expected to consume wood coatings faster because of the rapid growth of the housing sector. The implementation of stringent regulations and a growing awareness about the negative impact of coatings that release high levels of volatile organic compounds (VOCs), the wood coatings market is witnessing a gradual shift toward the use of eco-friendly alternatives that have a high solid content and low emission levels such as powder coatings. Though the propensity to adopt this technology is high in developed regions such as North America and Western Europe, emerging regions such as Latin America and APAC are expected to witness a slower rate of adoption.

The report provides data on the different segments of the market based on the following criteria:

  •     Technology: solvent-borne, water-borne, radiation-cure, and powder coatings
  •     Application: furniture, decking, joinery, siding, flooring, and other applications such as fencing, flat panels, and MDF
  •     Geography: Americas, APAC, and EMEA

Purchase a copy of Global Wood Coatings Market 2015-2019 report at http://www.reportsnreports.com/purchase.aspx?name=402782.

The report recognizes the following companies as the key players in the global wood coatings market: Akzo Nobel, PPG Industries, RPM International, The Sherwin-Williams and The Valspar.

Other Prominent Vendors in the Wood Coatings market are: Benjamin Moore, Diamond Vogel, Drywood Coatings, Feyco Treffert, Helios, ICA Group, IVM Chemicals, KAPCI Coatings, Kelly-Moore Paints, Minwax, Monocoat, NanoTech Coatings, Renner, Sirca, Sniezka, Vermont Natural Coatings and Weilburger Coatings.    

Other Related Report:
Global Coil Coatings Market 2015-2019 (http://www.sandlerresearch.org/global-coil-coatings-market-2015-2019.html): The analysts forecast the global coil coatings market to grow at a CAGR of 6.51% over the period 2014-2019.

The global coil coatings market can be segmented into five: Infrastructure, consumer appliances, transportation, furniture, and others.

According to the report, in a highly competitive business environment, reducing the price of a product is the best solution for vendors to increase profit margins. In the transportation industry, the use of coil coatings will result in considerable cost savings. For example, during the process of coil coating there is zero waste of primers and very little need for spray-painting operations. This will reduce the cost of production and lower environmental compliance costs. The use of prepainted steel with polyester and acrylic coatings in applications such as trailer van panels saves labor costs and produces highly durable products that can withstand constant exposure to dirt and inclement weather for many years.

The following companies are the key players in the global coil coatings market: Akzo Nobel, BASF, Beckers, PPG Industries and Valspar

Other Prominent Vendors in the market are: Alumax Industrial, DuPont, Henkel, JK Surface Coatings, Kansai Paint Chemical, Ralco Steel and Wacker Chemie.

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Ritesh Tiwari
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