DUBLIN, September 25, 2017 /PRNewswire/ --
The "Global Water-borne Wood Coatings Market 2017-2021" report has been added to Research and Markets' offering.
The analysts forecast the global water-borne wood coatings market to grow at a CAGR of 6.08% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global water-borne wood coatings market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is increasing significance of UV-cured coatings. The demand for UV-cured coatings is increasing immensely owing to reduced drying time and limited VOC content. Several furniture manufacturers are adapting UV-cured coatings to conserve production time and also expand production volumes. In addition, higher density achieved with the use of UV-cured coatings results in enhanced physical properties.
According to the report, one driver in the market is increasing house remodeling. The house remodeling market includes home improvement and DIY (Do It Yourself) and is growing year-over-year owing to advantages such as time and cost savings. Europe and the Americas are dominating the house remodeling market. The demand for house remodeling is expected to increase rapidly during the forecast period owing to increasing prices in the housing market due to the Brexit referendum. Therefore, there is huge scope for house remodeling during the forecast period, in turn boosting the demand for water-borne wood coatings.
Further, the report states that one challenge in the market is growing concerns on wood logging. Governments across the globe are coming up with wood logging ban with the aim to protect natural forest. This is directly having a negative impact on the wood logging market. For instance, the Chinese government undertook the Natural Forest Protection Program in July 2017, which resulted in the banning of wood logging in natural forest. This is expected to result in the shrinkage of timber production by approximately 50.5 million cubic meters every year, globally.
- Akzo Nobel
- Axalta Coating Systems
- PPG Industries
- The Sherwin-Williams Company
- The Dow Chemical Company
Other prominent vendors
- Benjamin Moore
- Diamond Vogel
- Drywood Coatings
- Helios Group
- IVM Chemicals
- Royal DSM
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Type
Part 07: Market Segmentation By Geography
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/9377hd/global
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SOURCE Research and Markets