Wood Coating additives are chemical formulations which are used for multiple functions in wood processing. The main purpose of using these fluids is due to the expectation of superior quality wood surface. These coatings are used for a variety of purposes which include better stabilization, hygiene and decoration of wood. 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 additives industry is the requirement for the protection of the wood from bacteria and other harmful organisms. New additives are also invented for this purpose. Different technologies and materials are used for achieving this purpose; UV curing wood coatings is one important evolution in this field.
The Wood Coatings market has been segmented into different segments, namely: formulation, type of additives, end user application and geography exclusively. While there are many different components and additives 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 types of additives commercially available, the market is categorized into various types such as Defoamers, Dispersing Agents, Rheology Agents, Wetting Agents, Surface Modifiers, Preservatives and others. Each type varies greatly and the composition is different with different technical specifications. Chief chemicals used in this industry are sulphurized or chlorinated compounds, ketones, acrylics, polyglycols, esters polyamides, alcohols and many more. Furthermore, wood coatings are used in different applications and the key user segments include food packaging, building and infrastructure, furniture and so on.
The overall market is also presented from the perspective of different geographic regions and the key countries in each region. The 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.
Sample Companies Profiled in this Report are:
- Eastman Chemical Company