Rising Demand for Furniture Fuels Wood Coatings Market

Primarily, wood coatings are used to increase shelf life of wooden products. The coating also helps to enhance the appearance of wood creations.  The coatings are also brought into application for refinement of wood made structure. In recent years, use of wood in construction sector has increased usage of wood coatings. This is influencing growth of wood coatings market.

In addition, growth in construction industry and
maintenance of the existing properties supporting growth of wood coating
market. Rising disposable income and increasing housing construction in
emerging economies, demand for furniture such as table, sofa, chair, bed,
shelves, and cupboard have been rising significantly.

Also, brisk growth in the service sector has come out as a major factor in in the growth of wood coatings market. As a result, people are relocating. This is introducing the trend of co-living, guest houses, hostels, and official premises. The segment is expected to boost the demand for wooden products.

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 Interiors of
offices, homes, and flats are changing consistently. Consecutively, the
furniture industry is also being upgraded with time. Furniture industry is
largely dependent on wood coatings. These coatings provide glossy finish to the
furniture. This, in turn, help in marketing of the product. Wooden coating also
provide protection to the wooden products, especially in the shipping phase. It
ensures no damage to the product. These factors conjointly are boosting wood
coatings market.

Demand for Low VOCs Content
Wood Coatings Poses Challenge to Wood Coating Market

These wooden coatings, usually, consists of volatile
organic compounds (VOCs). These compounds poses threat to environment. Hence,
government bodies and several environment protecting communities are forming
regulatory norms to prevent usage of VOC based paints.  This has come out as a major challenge to the
manufacturing companies, and in turn, suppressing growth of wood coatings
market.

To overcome the challenge, key players are trying to make use of ecofriendly compounds. The eco-friendly compound based wood coatings are referred to as bio wood coatings. These coating serve the purpose with affecting the environment. 

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For example, Sherwin Williams has launched wood
product finishes. These wood coatings are waterborne. It can be cured in case
of UV stains. The company is based in Ohio and are known to produce industrial
products.

Some other key manufacturing companies, which are
trying to launch eco-friendly wood coatings are Vermont Natural Coatings Inc, Sherwin
Williams, Axalta, Kelly-Moore Paint Company Inc., PPG Industries, Sniezka S.A.,
Nippon Paint Holdings, Weilburger Coatings GmbH, Akzonobel N.V., and RPM
International.

Introduction of Bio
Wood Coating Opens Growth Avenue of Wood Coating Market

These players are explicitly shifting towards
production of wooden finishes, owing to rising demand for environment firendly
wood coatings. Lately, the wood coatings market has witnessed launch of three
different types of environmental friendly wood coatings. Furthermore, the
demand for these coatings are increasing exponentially. Livos Oil is one of the
products. It contains natural resins. The coating provides satin finish to the
product and is resistant to water,

Tung Oil is next in the line of bio wooden coatings.
It is produced from pressing tung tree seeds. The oil is known to provide
durable seal to wooden products.

Teak oil is the third type of bio wood finish. It is
obtained from teak tree and sold in the form of pure solvent. No modifier is
added in the oil.

These products are anticipated to add value to the global wood coatings market.

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