European wood coatings market Overview
Wood coatings are chemical formulations which are generally used for multiple functions in wood processing. The main purpose why these fluids are used is because they provide the expected superior quality on the wood surface. Moreover, these coatings are used for variety of purposes which include better stabilization, hygiene and decoration of wood. The main factors owing to the growth of this industry include escalating building and infrastructure as well as furniture and food packaging industries. Another important reason for the rise in wood coating industry is the protection that it provides to the wood from bacteria and other harmful organisms. There are different technologies and materials being used for achieving this purpose; UV curing wood coatings is one of the vital evolutions in this field.
The coatings are highly useful for enhancing the sheet life and its usage and aesthetic value. These coatings are being utilized in various industries ranging from food packaging industry, building & infrastructure, furniture and others. Various technique used for Wood coatings are spray coating, roller coating, curtain coating, flow coating, vacuum coating and others. The report also focuses on different geographic regions and the key countries in terms of changing trends in using Wood coating in various fields. The major factor which drives the wood coating industry in Europe is the end user segment such as automotive, appliances and building & construction. REACH applies to all chemicals imported or produced in the European Union. On one hand, it will make it easy to use registered chemicals, but on the other hand it will be difficult to introduce new raw materials for resin synthesis. This situation is also influencing research and development in Europe.
The European wood coatings market has been segmented in to different segments such as formulation, type of coatings, end user application and geography exclusively. While there are many different components and coating materials in the industry, the classification of fluids based on the formulation of coatings is done into the following classes; water based, solvent based, and radiation cured. Based on the technique of coating commercially available, the market is categorized in to various categories such as spray coating, roller coating, curtain coating, flow coating, vacuum coating and more. Additionally, wood coating market is also segmented on the type of coatings like penetrating finishes, varnish (including polyurethane), shellac, lacquer, wood preservatives and others. Each type varies greatly, and the composition is different with different technical specifications. Wood coatings are being used in different applications. The key user segments include food packaging, building and infrastructure, furniture and others.
The overall market is also presented from the perspective of the key countries in Europe region. The market has been segmented into UK, Germany, France and Rest of the Europe. Germany dominated the European Wood coating market owing to its enormous existence of companies operating in building & construction, food packaging and various other sectors. Building & construction industry is one of the vital factors escalating the growth of wood coating market. The increase in the demand of construction activities will directly impact the demand of the wood coatings over the foreseeable period. German government has already announced that they would focus on modernization of existing infrastructure over the next 15 years. Moreover, new federal transport plan has also been laid and is expected to be the biggest investment programme on infrastructure that the world has ever witnessed. Germany plans to spend over $292Bn for this cause and this huge investment is going to be propelling the market for European Wood Coating Market in this region. The wood-coatings sector is moving from solvent-borne coatings to solvent-free or rather solvent-reduced materials. In an environment of increasing raw-materials prices and a shrinking market, the challenge is to produce competitive high-performance, products that comply with new legislation. Bio-based raw materials and greatly reduced VOC content are the leading trends. Impending or existing regulations limit the use of VOCs and tighten up product registration.
Germany is the largest market for wood coatings in terms of revenue, consumption and production capacity in Europe. Countries that will experience strong growth include Europe, Italy and France. In the recent years, with the increasing emphasis on environmental sustainability and reducing the operational costs, end-product manufacturers have preferred this process. Wood coating has gained popularity as the most efficient, cost-effective and environmental friendly painting which can be employed on the large-scale.
The European Wood coatings market is evaluated based on key attributes such as formulation, type of coatings, coating techniques and others. Each of the segmentations in the report has been studied to give comprehensive analysis of global Wood coatings market. Additionally, this report encompasses opportunity analysis, porter analysis, pricing analysis and market forces such as drivers, constraints and challenges that are involved to drive the overall market.
Competitive landscape for each of the functions performed and form of existence of Wood coatings are highlighted and key market players are profiled with attributes of business overview, financials, business strategies, product portfolio and recent developments pertaining to Wood coatings. Market shares of the key players for 2015 are also provided. The prominent players profiled in this report include AkzoNobel N.V (Europe), BASF SE (Germany), The Dow Chemical Company (U.S.) and others. The report encompasses the most detailed and in-depth segmentation as well as analysis of the European wood coatings market during the period of 2016 – 2022.
Key Insights
Michelman recently launched its new surface modifier, Michem Wood Coating 75. The product is different from others, due to its low presence of Volatile Organic Compounds (VOC).
Dow Corning has announced the launch of its family of silicone-based levelling agents, which are multipurpose additives that provide a range of solutions for wood, furniture, plastic coatings and many more.
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