Exactitude Consultancy Press Release 2021: Asia Pacific Industrial Wood Exterior Coatings Market
The commercial wood coatings branch of the paint and coatings company provides a range of factory applied coatings on a variety of wood and wood composite substrates. This industry includes joinery, furniture, tables, flooring, millwork, specialized wood goods and building products.
In addition, scratch, abrasion, and chemical resistance standards for kitchen cabinets and furniture are usually more stringent. Architectural doors and decorative plywood are examples of millwork, which are usually finished with high-performance coatings.
Doors, windows, structural panels, and siding are examples of exterior building materials. Waterborne acrylic and polyurethane systems are mainly used in primers and sealers, but their popularity is increasing as topcoats due to improved performance. The market Industrial Wood Exterior Coatings include these wood coatings used in various applications.
The COVID-19 has impacted the construction and automotive manufacturing. In terms of construction market there are many countries which could see a pause on construction activities. There are many countries which have started devising policies to fast-track the recovery in construction sector. These encouraging policies include relief in taxation and approval process and also in terms additional investments in projects like road infrastructure, public housing, affordable housing and so on.
The key driver is the growth in demand for protective coatings across the globe. The wood coating is primarily meant for protection and also for improving the look and feel of the surface being coated.
There are many applications of the wood coatings where in it is essential to protect the wood from climate, fluid and mechanical wear and tear. Wood protection feature of wood coatings is adding to other features like, colour, hardness, gloss, matte etc. Application of wood coatings are increasing and at the same time due to increasing pollution, climate changes and temperatures, increased the need for better protection is also increasing the consumption quantities. This is expected to help the growth in Asia-Pacific wood coatings market.
Explore 261 market data Tables spread through nearly 173 Pages and in-depth analysis on “Industrial Wood Exterior Coatings Market By type (water based, solvent based), Resin type (PU, acrylic), application (windows, doors, facades, claddings, wooden house) and by Region, Global trends and forecast from 2015 to 2027” for Table of Contents – https://gwsdigital.com/exactitudeconsultancy/reports/842/asia-pacific-industrial-wood-exterior-coatings-market/
Industrial Wood Exterior Coatings are classified on the basis of the type as: Solvent based type and Water based type.
Water-based coatings, which are commonly acrylic, are made up of chemical components distributed in water in various percentages. An acrylic or polyurethane resin emulsified or dispersed in water serves as the binder. Solvent-based varnishes and lacquers have become the preferred coatings for industrial wood applications. These coatings can provide a cost-effective, attractive, and long-lasting finish.
There are many regulations in European and North American countries in the usage of paints & coatings containing VOCs. However, these regulations are not very stringent in Asia-pacific region and are taking shape.
These non-VOC coatings have become a common norm in western countries and is still an option in Asia-Pacific region. The cost associated is definitely one of the reasons however the awareness is also limited and the region is expected to move from VOC to non-VOC products in coming years. This present and excellent opportunity for manufacturers in the market. If these players focus and start introducing and improving their offering specifically or Asia-Pacific region. The growth region of the globe can enable the large size opportunity for these market players.
Apart from the growing need and demand, customers are searching for a few main features. On-trend colours and items that enable projects to be completed quickly without compromising quality are among the most common requests. Also, the price point, ease of application and replacement is driving the demand for these different and innovative types of wood coatings.
In an effort to eliminate the competition and consolidate their own position in the industry, companies in the market are engaging in acquisitions.
All the big companies and names in the paints & coatings industry are also the most important named in the wood coatings market. The companies in the wood coatings market are, Sherwin-Williams, PPG, AkzoNobel, The Dow Chemical Company, RPM International Inc, Nippon Paint, Holdings Co., Ltd, Axalta, BASF Coatings AG, Kansai Paint Co. Ltd, and Jotun.
Apart from these global brands regional players in Asia-Pacific small but significant players like Avian Brands, Berger Co., Ltd, Boysen Paints, Chugoku Marine Paints, Ltd., Haymes, PT Propan Raya ICC, Asian Paints and TOA Paints are active. These players are mainly from South-east Asia, India and Japan. This is not an exhaustive list of wood coatings market.
Key Market Segments: Asia Pacific Industrial Wood Exterior Coatings Market
Industrial Wood Exterior Coatings Market By Type, 2015-2027, (IN USD MILLION)
Industrial Wood Exterior Coatings Market By Resin Type, 2015-2027, (IN USD MILLION)
Industrial Wood Exterior Coatings Market By Application, 2015-2027, (IN USD MILLION)
Industrial Wood Exterior Coatings Market By Region, 2015-2027, (IN USD MILLION)
Asia Pacific
(Important Countries in APAC Are Covered.)