(EMAILWIRE.COM, September 12, 2017 ) Publisher's market research analyst predicts the global furniture wood coatings market to reach a market size of around USD 4 billion by the end of 2019. The increasing demand for wood coatings from Central and Eastern Europe as a result of the high growth in the furniture industry is the primary driver for the growth of the furniture wood coatings market. The recovery of the housing market worldwide is also propelling the growth of the market.
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The introduction of natural wood coatings by vendors is also driving the demand for this market. New entrants that offer innovative and green solutions are growing in the market. For instance, Vermont Natural Coatings offers PolyWhey coatings, a professional wood finish product, which is derived from recycled whey proteins. The product is an alternative to water-borne wood coatings and can be deployed for both interior and exterior wood coating applications. This product also has a low VOC level of approximately 680 grams per gallon.

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Segmentation by technology and analysis of the furniture wood coatings market

Solvent-borne coatings
Water-borne coatings
Radiation cured coatings
Powder coatings
The solvent-borne coatings segment accounted for 69% of the market during 2014, in terms of consumption volume. The solvent-borne coatings are available at economical prices when compared with other technologies, which has been driving the market growth.

Geographical segmentation and analysis of the global furniture wood coatings market

Americas
APAC
EMEA
APAC accounted for around 50% of the global market share during 2014. This research report predicts this region to witness a steady growth at a rate of 7% during the forecast period. The growing urbanization and rising purchasing power of consumers in this region, especially from China and India, are expected to fuel the growth of the region.

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Competitive landscape and key vendors

The furniture wood coatings market is highly fragmented with the presence of global and regional suppliers. The use of wood in diverse applications has spurred the growth of new domestic vendors. Providers in the market compete on the basis of price, innovation, quality and performance, and customer-centrism

The leading vendors in the market are -

AkzoNobel
BASF
PPG
Sherwin-Williams
Valspar
Other vendors in the market include Benjamin Moore, DAW, Diamond Vogel, Drywood Coatings, Feyco Treffert, Helios, ICA, IVM Chemicals, Jotun, KAPCI Coatings, Kelly-Moore Paints, Minwax, Monocoat, NanoTech Coatings, Renner, Sirca, Sniezka, Tikkurila, Vermont Natural Coatings, and Weilburger Coatings.

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Rajat Sahni
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