Global Furniture Wood Coatings Market – Opportunity and Forecast 2016

Global Furniture Wood Coatings Industry 2016-2020 Market Share and Size, Trends and Growth, Analysis and Forecast

Market analysis of furniture wood coatings

Technavio'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.

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.

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.

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Key questions answered in the report include

What will the market size and the growth rate be in 2019?

What are the key factors driving the furniture wood coatings market?

What are the key market trends impacting the growth of the global furniture wood coatings market?

What are the challenges to...