10 years later, the global wood coatings market will reach 6.233 billion U.S. dollars, and the Asia-Pacific region will account for one-third

FutureMarketInsights, a market research organization, pointed out that the global woodware coating market will grow at a compound annual growth rate of 6.2% from 2017 to 2027, and the market value will reach US$6.233 billion in 2027. The development of the furniture industry is the main driving factor for the growth of the woodware coating market, and the vigorous development of the construction industry also promotes the development of wood paint One of the main factors.
　　The research pointed out that the global woodware coating is mainly used in the construction industry and the furniture industry. Among them, the furniture industry accounts for more than 1/3 of the wood coatings market, and this trend will remain in the next few years. By the end of 2017, the global market value of wood coatings dedicated to protective functions was about 2.874 billion US dollars, and it is estimated that by 2027, the global output of solvent-based wood coatings will reach 5.597 million tons, but subject to environmental protection policy pressure and VOC regulations, water-based Will be the focus of the development of wood coatings.
In recent years, the coating industry is in a period of technological transformation, especially light curing systems, water-based systems, thermosetting emulsions, powder systems, high solids systems, two-component systems, colloidal dispersions The application of environmentally friendly wood coating technology has further stimulated the development of the global coatings market. Data show that the global coatings market value reached 125 billion US dollars in 2016.
In 2017, the Asia-Pacific region (excluding the Japanese market) accounted for 32.2% of the total global wood coatings market, and with the advancement of urbanization in the next ten years, the growth rate of wood coatings in this region (especially China and India) will be even higher . The relatively low cost of furniture manufacturing and the increasing investment in the industry have promoted the wood coatings market in this region. Currently, coating companies are pursuing functional high-solid wood coating products to gain a foothold in the Asia-Pacific market, and wood coatings with higher flexibility may be more popular in the Asia-Pacific market. Many Companies have noticed this and are adopting operational strategies.
　　 In 2017, the North American wood coatings market value is estimated to exceed 2 billion U.S. dollars, and it is expected to grow at a compound annual growth rate of 5.2% in the future, reaching more than 3.3 billion U.S. dollars by 2027. Among them, the output of wood coatings in North America in 2017 was about 533,973 tons, and it will reach 868,047 tons by 2027. The application of advanced technologies such as UV curing technology is the main factor leading to the growth and maturity of the North American wood coatings market.
　　 The rise of independent home construction in the United States may promote the growth of North American wood coatings consumption. The independent family housing model occupies a major share in the housing construction field in the United States, thereby increasing the demand for wood, which in turn promotes the development of the wood coatings market. Compared with other building materials (such as plastic, steel, concrete, etc.), wood is considered the lowest energy-density building material, and other building materials need to consume more energy to convert raw materials into final products. Moreover, compared with other alternatives, the cost of wood is lower, and the range of types and sizes is wider, and the demand for wood protection has further increased the consumption of wood coatings.
　　 Canada has about 30% of the northern hemisphere forest resources, including larch, poplar, pine and other trees. The production of softwood accounts for a major share of Canadian timber production, and it is easier to process into various end products. One-third of the U.S. wood consumption comes from softwood products exported from Canada. Therefore, the woodware anticorrosive coating is required to prevent the wood from rot due to environmental factors such as climatic conditions.
The use trend of water-based coatings is very significant in the North American wood coatings market, and consumers are becoming more and more aware of the use of environmentally friendly coatings products high. In addition, because it can provide faster curing speed and higher production efficiency, UV wood coatings are being widely used in the field of industrial wood products. In addition, high solids coating technology with lower solvent content is currently another outstanding development trend in the North American wood coatings market. Consumers in the North American wood coatings market increasingly prefer low-odor and high-durability coating products.