The key players in the wood coating market are Akzo Nobel NV, Axalta Coating Systems, BASF SE, Benjamin Moore & Co Inc, Brillux GmbH & Co KG, Diamond Vogel, ICA Group, IVM Chemical Srl, Jotun, Kansai Paint Co Ltd, KAPCI Coatings . . , Drywood Coatings BV, Helios Coatings GmbH and Hempel A/S.
NEW YORK, Sep 12, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com releases 2022 Global Wood Flooring Market Report - https://www.reportlinker.com/p06319255/?utm_source=GNW
The global wood coatings market is expected to grow from $9.43 billion in 2021 to $10.02 billion in 2022 at a compound annual growth rate (CAGR) of 6.22%. The wood flooring market is expected to reach US$12.77 billion in 2026 at a CAGR of 6.25%.
The paint and varnish market consists of companies (enterprises, suppliers and organizations) that sell paint and varnish materials, which refers to the type of substance applied to the surface of wood to protect it from various natural and man-made damage. Wood panels are easy to clean and disinfect.
It also helps unclog pores, which can be a breeding ground for bacteria. Coatings are the final step in the wood finishing process and give wood surfaces a pleasant appearance, extending their service life and increasing their durability.
The main types of wood finishes are wood preservative finishes, wood stains, and shellac wood finishes. Shellac is a warm wood finish that is easy to apply with a cloth, brush or spray.
It dries quickly and allows you to apply multiple layers in one day. Shellac is an old natural finish.
Wood coatings also include water-based wood coatings, solvent-based wood coatings, and wood dust coatings. This wood finish is applied to furniture, cabinets, countertops, floors and other products.
The largest region in the wood flooring market in 2021 was Asia-Pacific. The regions covered in the wood flooring market report include Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Wood Coating Market Research Report is one of the latest reports that provides the statistics of the Wood Coating Market, including the global Wood Coating Market Size, Regional Shares, Competitors for Wood Coating Market Share, Specific Wood Coating Market Segments, Market Trends and opportunities. , as well as additional information needed to advance in the wood siding industry. This wood flooring market research report provides the comprehensive information you need along with a detailed analysis of current and future industry scenarios.
An increase in new home construction and home modifications is expected to drive growth in the wood siding market. Demand for housing is growing due to population growth, rapid urbanization, economic development/infrastructure, favorable government policies/housing schemes. , and others.
This growth in new home construction and home conversions will create a strong demand for plywood for use in these new and converted homes. .
For example, according to housing construction statistics released in February 2022 by the US Census Bureau and the US Department of Housing and Urban Development, the number of new private homes in the US in February. . In 2021, showing an increase of 22.3%. Housing starts rose 6.8% seasonally to 1.77 million units in February, according to a new Census Bureau report. Thus, an increase in the volume of new home construction and home renovations will contribute to the growth of the wood siding market.
Eco-friendly wood paneling is a major trend that is gaining popularity in the wood paneling market. Wooden panels are made from natural/environmental materials and do not harm the environment.
Green covers support sustainable lifestyles, such as conserving resources or preventing pollution. Wax, oil and shellac are the least toxic and most environmentally friendly wood finishes on the market.
The big players are focused on providing sustainable wood finishes to minimize their environmental impact and gain a competitive edge in the market. For example, Centurion Wood Coatings, an American wood coating company, offers environmentally friendly water-based coatings. Pleasant and exceptional transparency, wood delivers exceptional performance with warmth and durability.
Centurion water-based coatings can be applied to a variety of wood surfaces including furniture, cabinetry, hardwood floors, high quality architectural joinery and all other interior wood products. They have the advantages of non-combustibility, low odor, easy handling and cleaning with water.
In March 2022, American wood coating company Gemini Coatings acquired Lenmar Wood Finishes & Coatings for an undisclosed amount from Benjamin Moore. With this acquisition, Gemini reinforces its mission of delivering exceptional service, reliable product quality and a dependable experience.
The acquisition of Gemini Lenmar will strengthen its position in providing a world class customer experience as the owner-operator focuses on the wood coatings market. Lenmar Wood Finishes & Coatings is a brand of wood finishes from Benjamin Moore, an American paint and coatings company.
The countries covered in Wood Coatings market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. Read the full report: https://www.reportlinker.com/p06319255/?utm_source=GNW.
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