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Wood coatings are applied to the wooden surfaces of furniture, cabinets, sidings, decks, and flooring, among other things, to improve aesthetic appeal and provide surface protection. In both residential and non-residential uses, wood finishes are widely used.
New growth prospects are projected to emerge as a result of the development of new wood coating technologies and the demand for low-VOC coatings.
A comeback in residential building activity will fuel the industry’s growth, which will assist the key applications for wood coatings and preservatives, such as furniture, decking, and siding.
In siding, where wood is expected to account for a smaller share of demand and face severe competition from other materials, coatings and preservatives will be limited.
Although wood currently leads in decking applications, plastic composite decking continues to undermine wood’s market dominance, putting a dent in wood protection product sales.
The Global Industrial Wood Coatings Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2027, registering a CAGR of XX% from 2022 to 2027.
Axalta, a leading global provider of liquid and powder coatings, has announced the release of its new Wood Coatings Pro iOS and Android app. For the wood coatings market, the new app enables easy and rapid access to product information, industry colour trends, and best practises.
Allnex chemists developed the CRYLCOAT® 1545-6 to provide formulators with two levels of sustainability. First, this tin-free 50/50 hybrid has no tin compounds, making it a safe choice for any application; second, its low bake temperature decreases curing energy requirements, allowing powder coatings to be created for wood and mdf.
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