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Global Furniture Wood Coatings Market 2019-2023 - Product Image

Global Furniture Wood Coatings Market 2019-2023

  • ID: 4747479
  • Report
  • January 2019
  • Region: Global
  • 124 pages
  • TechNavio
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FEATURED COMPANIES

  • Akzo Nobel
  • BASF
  • DowDuPont
  • LANXESS
  • PPG Industries
  • MORE
Growing demand for radiation-cured coatings to drive market growth. The increasing demand for radiation-cured coatings will significantly drive market growth during the forecast period. Radiation-cured coatings offer numerous advantages including smaller manufacturing footprints, reduced energy consumption, low VOCs, solvents are not required, and environmental impact. lesser curing time, and increased production rate. These coatings can be easily and conveniently applied on wooden surfaces of furniture as it does not require thermal heating or pressure application. The analysts have predicted that the furniture wood coatings market will register a CAGR of over 6% by 2023.

Market Overview

Increased demand for application on medium-density fiber products

Medium-density fiber (MDF) is an engineered wood product. It is obtained when high temperature and pressure are applied to break down hardwood and softwood residues into wood fibers. It is a composite manufactured by combining wood fiber and resin. Vendors and end-users of MDF prefer furniture wood coatings over other coating products, such as paints, led by higher durability and reliability and faster setting time as well as good product performance and quality finish on MDF products.

Increasing concern about wood logging

Wood logging is the process of cutting, skidding, and slicing of forest woods for industrial activities. An estimated 500,000 hectares of forest area is cleared or degraded each week globally, and approximately 40 million hectares of tropical forest area was cleared in the past decade in South East Asia and Latin America. Therefore, the most important sites for plant diversity are threatened by commercial logging.

For the detailed list of factors that will drive and challenge the growth of the furniture wood coatings market during the 2019-2023, view this report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Akzo Nobel and BASF, the competitive environment is quite intense. Factors such as the increased demand for application on medium-density fiber products and the growing demand for radiation-cured coatings, will provide considerable growth opportunities to furniture wood coatings manufactures. Akzo Nobel, BASF, DowDuPont, LANXESS, PPG Industries, and The Sherwin-Williams Company are some of the major companies covered in this report.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Akzo Nobel
  • BASF
  • DowDuPont
  • LANXESS
  • PPG Industries
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY TECHNOLOGY
  • Market segmentation by technology
  • Comparison by technology
  • Solvent-borne - Market size and forecast 2018-2023
  • Water-borne - Market size and forecast 2018-2023
  • Radiation-cured - Market size and forecast 2018-2023
  • Powder coating - Market size and forecast 2018-2023
  • Market opportunity by technology
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • Americas - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 10: MARKET TRENDS
  • Increasing product launches and capacity expansions
  • Emergence of natural wood coating solutions
  • Growing demand for radiation-cured coatings
PART 11: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
  • Key vendors in global furniture wood coatings market
PART 12: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Akzo Nobel
  • BASF
  • DowDuPont
  • LANXESS
  • PPG Industries
  • The Sherwin-Williams Company
PART 13: APPENDIX
  • Research methodology
  • List of abbreviations
List of Exhibits
Exhibit 01: Years in consideration
Exhibit 02: Global paints and coatings market
Exhibit 03: Segments of global paints and coatings market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Technology - Market share 2018-2023 (%)
Exhibit 19: Comparison by technology
Exhibit 20: Solvent-borne - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: Solvent-borne - Year-over-year growth 2019-2023 (%)
Exhibit 22: Water-borne - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: Water-borne - Year-over-year growth 2019-2023 (%)
Exhibit 24: Radiation-cured - Market size and forecast 2018-2023 ($ millions)
Exhibit 25: Radiation-cured - Year-over-year growth 2019-2023 (%)
Exhibit 26: Powder coating - Market size and forecast 2018-2023 ($ millions)
Exhibit 27: Powder coating - Year-over-year growth 2019-2023 (%)
Exhibit 28: Market opportunity by technology
Exhibit 29: Customer landscape
Exhibit 30: Market share by geography 2018-2023 (%)
Exhibit 31: Geographic comparison
Exhibit 32: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 34: EMEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 36: Americas - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 38: Key leading countries
Exhibit 39: Market opportunity
Exhibit 40: Decision framework
Exhibit 41: Crude oil prices 2010-2017 ($ per barrel)
Exhibit 42: Impact of drivers and challenges
Exhibit 43: Vendor landscape
Exhibit 44: Landscape disruption
Exhibit 45: Key vendors in global furniture wood coatings market 2018
Exhibit 46: Vendors covered
Exhibit 47: Vendor classification
Exhibit 48: Market positioning of vendors
Exhibit 49: Akzo Nobel - Vendor overview
Exhibit 50: Akzo Nobel - Business segments
Exhibit 51: Akzo Nobel - Organizational developments
Exhibit 52: Akzo Nobel - Geographic focus
Exhibit 53: Akzo Nobel - Segment focus
Exhibit 54: Akzo Nobel - Key offerings
Exhibit 55: BASF - Vendor overview
Exhibit 56: BASF - Business segments
Exhibit 57: BASF - Organizational developments
Exhibit 58: BASF - Geographic focus
Exhibit 59: BASF - Segment focus
Exhibit 60: BASF - Key offerings
Exhibit 61: DowDuPont - Vendor overview
Exhibit 62: DowDuPont - Business segments
Exhibit 63: DowDuPont - Organizational developments
Exhibit 64: DowDuPont - Geographic focus
Exhibit 65: DowDuPont - Segment focus
Exhibit 66: DowDuPont - Key offerings
Exhibit 67: LANXESS - Vendor overview
Exhibit 68: LANXESS - Business segments
Exhibit 69: LANXESS - Organizational developments
Exhibit 70: LANXESS - Geographic focus
Exhibit 71: LANXESS - Segment focus
Exhibit 72: LANXESS - Key offerings
Exhibit 73: PPG Industries - Vendor overview
Exhibit 74: PPG Industries - Business segments
Exhibit 75: PPG Industries - Organizational developments
Exhibit 76: PPG Industries - Segment focus
Exhibit 77: PPG Industries - Key offerings
Exhibit 78: The Sherwin-Williams Company - Vendor overview
Exhibit 79: The Sherwin-Williams Company - Business segments
Exhibit 80: The Sherwin-Williams Company - Organizational developments
Exhibit 81: The Sherwin-Williams Company - Geographic focus
Exhibit 82: The Sherwin-Williams Company - Segment focus
Exhibit 83: The Sherwin-Williams Company - Key offerings
Exhibit 84: Validation techniques employed for market sizing
Exhibit 85: List of abbreviations
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Akzo Nobel
  • BASF
  • DowDuPont
  • LANXESS
  • PPG Industries
  • MORE
Global Furniture Wood Coatings Market 2019-2023

The author recognizes the following companies as the key players in the global furniture wood coatings market: Akzo Nobel, BASF, DowDuPont, LANXESS, PPG Industries, and The Sherwin-Williams Company.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the growing demand for radiation-cured coatings.”

According to the report, one of the major drivers for this market is the increased demand for application on medium-density fiber products.

Further, the report states that one of the major factors hindering the growth of this market is the rising concern about wood logging.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Akzo Nobel
  • BASF
  • DowDuPont
  • LANXESS
  • PPG Industries
  • The Sherwin-Williams Company
Note: Product cover images may vary from those shown
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