Europe Wood Coatings Market; by Technology Used (Radiation Cured, High Solid Solvent Borne, Waterborne, Conventional Solid Solvent Borne, Powder Coating, and Others); By End User Vertical (Cabinets, Siding, Joinery, Furniture, Flooring, and Others); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030
Wood coatings are chemical compounds commonly used in wood processing for various applications. The principal aim of these liquids is to provide the high quality desired on the wood surface. These coatings are also used for a wide range of applications including increased stability, hygiene and timber decoration. Wooden coatings are broadly used for moisture and thermal impact protection of wooden furniture surfaces
Europe Wood Coatings Market: Segments
Europe market has been segmented on the basis of type, waste management method, and by location. It has been further segmented by countries into UK, France, Italy, Spain, Germany, and others
By type (in %), Europe Wood Coatings Market, 2019
The Furniture segment is anticipated to register XX% of the volume share.
Europe Wood Coatings Market is segmented by end user vertical into: Cabinets, Siding, Joinery, Furniture, Flooring, and Others
In developed countries including Germany, France and the UK, the rental of furniture is increasing. The market for wooden furniture in recent years has therefore increased particularly because of the people who often move because of their transferable jobs. In turn, this has increased the market for wood coating to avoid environmental impacts and chemical and termite attacks from increasing mobilizations and to preserve the quality of wood. Moreover, the demand for smart houses with furnished interiors has risen tremendous due to an increase in consumers’ disposable revenues and increase in living standards in developed economies, which is anticipated to fuel the growth of the Europe wood coating market.
Europe Wood Coatings Market: Market Dynamics
• Need for a sustainable wood
The safety wood coating gives to the wood from bacteria and other harmful agents is another significant factor for the growth of the wood coating industry. Various technologies and methods are used for this purpose, Ultraviolet curing wood coatings are one of the most important innovations in this field.
• Stringent regulation
The market growth is anticipated to be impaired by stringent government and environmental policies on the use of VOCs for wood coating production. The expansion of Europe’s wood coating market is further hampered by high raw material prices.
Europe Wood Coatings Market: Regions
In terms of value and volume, Germany accounted for 20% of total market volume share in 2019
The growth of the automotive and construction industries fuels the demand for wood coatings. Germany contributed for the biggest European wood coating market share in 2019 in the European wood coating industry. Wood coatings from the automotive industry are used in automotive dashboards to provide the interior of the car a shiny finish and give an aesthetic look. Moreover, demand for wood coverings will increase rapidly as construction is increasing, because they are widely used in furniture and enclosures to resist termite attacks and solvent involvements and improve wood’s shelf life.
Europe Wood Coatings Market: Competitive landscape
Key players depend on national and local suppliers in order to expand their share and their worldwide economy reach. Mergers and acquisitions are one of the main approaches used in this market. Inorganic growth approaches are being implemented by businesses in order to meet rising competition in the main emerging markets, such as purchases of wood coating.
Europe Wood Coatings Market: Key Players
• AkzoNobel N.V (Europe)
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• The Dow Chemical Company (U.S.)
• BASF SE (Germany)
• Axalta Coatings Systems
• Eastman Chemical Company.
• Wendel Group.
• PPG Industries Inc
• Tikkurila OYJ
• Teknos Group
• Kansai Paint Co.
• Other prominent players
Europe Wood Coatings market report also contains analysis on:
• Europe Wood Coatings Market Segments:
o By technology used:
High Solid Solvent Borne
Conventional Solid Solvent Borne
o By end user vertical:
• Europe Wood Coatings Market Dynamics
• Europe Wood Coatings Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints