Wood coatings are chemical formulations which are used for multiple functions in wood processing. The main purpose why these fluids are used is because superior quality wood surface is expected. 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 building and infrastructure, furniture and food packaging industries. Another important reason for the rise in wood coating industry is the protection of 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 important evolution in this field.
The wood coatings market has been segmented in to different segments such as formulation, type of coatings/finishes, 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 systems, solvent based systems and radiation cured systems. 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 different geographic regions and the key countries in each region. The wood coatings market has been segmented in to four regions North America, Europe, Asia-pacific and Rest of the World. Competitive landscape for industry and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Market shares of the key players for 2015 are provided.
Few of the companies that are profiled in this report include:
- Eastman Chemical Company.