- The key vendors in the global waterborne wood coatings market 2015-2019 are AkzoNobel, PPG, RPM International, Sherwin-Williams, and Valspar
London, 06 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global waterborne wood coatings market 2015-2019. One of the key trends upcoming in this market is the growing focus on products for exterior wood applications. Exterior end-use applications demand water-borne wood coatings that are highly durable and also help to lengthen the intervals between subsequent renovations. As a result, new products will be introduced in the market for exterior wood applications with high performance characteristics such as resistance to dust and microbial growth, and UV stability. The global water-borne wood coatings market is expected to grow at a CAGR of 6.01% between 2014 and 2019.
The water-borne wood coatings have low volatile organic compound (VOC) content and are widely used in developed regions, where stringent regulations encourage low emission levels. Also, increase in consumer preference for water-borne coatings in APAC is another driver propelling this market’s growth.
“UV-cured water-borne coatings are increasingly being used for on-site flooring applications, where the process of curing is carried out by deploying a specially developed machine fitted with low-energy UV lamps,” says Faisal Ghaus, Vice President of Technavio Research.
“The demand for water-borne UV-cured powder coatings is also high because they require shorter process time and provide larger cost savings.
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Waterborne Wood Coatings Market 2015-2019, please send an e-mail to media@TechNavio.com
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