The global wood coatings resins market size was valued at USD 3.9 billion in 2021 and is expected to surpass USD 5.3 billion by 2028, registering a CAGR of 5.20% during the forecast period (2022- 2028), as highlighted in a report published by Facts & Factors. The key market players listed in the report with their sales, revenues and strategies are Arkema S.A., Nuplex Industries Limited, Koninklijke DSM N.V., Allnex S.à.r.l., Synthopol Chemie Dr. rer. pol. Koch GmbH & Co. KG, Dynea AS, Polynt Spa, Sirca Spa, IVM Group, Helios Group, and Others.
What are Wood Coatings Resins? How big is the Wood Coatings Resins Industry?
Wood coating resins are organic compounds used for commercial and domestic reasons. They add attractive and durable coats to furniture to protect it from harsh weather conditions while also adding aesthetic appeal. These coatings are made of different copolymers and polymers of acrylic and urethane. These coatings are widely applied to siding, decking, and furniture. The industry has witnessed numerous technological breakthroughs and improvements to provide eco-friendly substitutes for solvent-based wood finishing resins.
The market for wood coating resins will soon introduce new resin types such as water-borne and UV-curable systems. The demand for wood coating resins is predicted to increase with a substantial CAGR during the forecast period due to positive developments in the construction industry.
Post time: Jul-07-2023
