Coatingscience: An analysis of the current situation and development trend of the global wood coatings market

Wood coatings can be used in a number of applications, including furniture, flooring, panelling, cabinets and other wooden building productsThese coatings are painted in manufacturing plants, not on-siteTherefore, it differs from wood ware shaders and other wood coating products painted on site by contractors or DIY consumersThe housing market has driven the growth of coatingswith the shift of furniture manufacturing to Asia in the 1990s and the continuous transformation and attention to environmentally friendly coatings, the industry has changed dramatically over the past few decades, reflected in market size, growth rates, end-use markets and technologiesmarket size and growth rate
Orr and Boss estimates the total size of the wood coatings market at 9 billion euros and production of 2.65 billion litresthe market is mainly in Asiaestimates that the Asian wood coatings market accounts for 62% of the global market value, or 5.6 billion euros, of which China accounts for about 70% of the city's valueas mentioned above, in the 1990s, furniture manufacturing moved to China, Vietnam and other Asian countriesThe trend is most pronounced in North America, where most of the wooden furniture manufacturers have withdrawn, leaving behind an industrial paint market for cabinets, floors, panels and other wooden building productsIn Europe, some wooden furniture makers also moved from Europe to Asia in the 1990s, although they moved far less than the United States and North AmericaItaly and other high-end furniture manufacturers are also able to ensure the competitiveness of their manufacturing plants in EuropeAs a result, Asia is the largest market for wood coatings, with a market share of 62% (EUR 5.6 billion), and Europe is the second largest wood coating with a market share of 23% (EUR 2.1 billion)Market share in other regions is shown in the figure abovethe future growth rate ofdepends to a large extent on housing and new buildings in each area housing and construction are the main drivers of growth there are some special other drivers for example, films and foils have been used in combined (RTA) furniture for many years, and as the appearance of office furniture and other low-end wood products continues to improve, they are gradually eating away at the use of liquid coatings in addition, powder coatings can also be used in some wood coating areas, so they have replaced liquid wood coatings in some applications, but their use is still limited (less than 1% of the market), so their impact is not very large on a positive note, the middle class continues to grow in Asia and other developing markets, and the demand for high-end furniture is growing all factors are taken into account, the CAGR is expected to grow by 4.5% in 2018-2023 much of the growth will happen in Asia, where a growing middle class and rapid GDP growth will bring annual growth to nearly 6% expect s1.5% to 2.0% growth in North America and Europe end-use market
end-use markets for these products include furniture, cabinets, floors, panels and other products globally, it is estimated that 60 per cent of furniture in the market, 25 per cent of cabinets and the remaining 15 per cent are flat-panel materials segments of the market vary by region in Asia, more than half of the market is made of wood furniture paint in North America, the opposite is true, with more than half of the market being cabinets, floors and other flat-panel coatings these products are produced on high-speed production lines, so labour costs account for less than furniture in total cost of finished products in addition, in some cases, the final product is a custom product these two factors have led to the production of the final product mainly in the United States and Canada in Europe, the market is more mixed about half of the wood paint market is furniture paint, the other half is floors, panels, cabinets and other paint solvent-based coatings remain the main technology in this field this is particularly true in the furniture sector, where more than 80 per cent of the global market is still solvent-based use UV coatings more in the flooring, paneling, siding and other flat-panel edding markets these production facilities are often high-speed automation equipment, where UV products are almost instantaneously cured at the same time, these products do not have blind spots water-based products are valued for their environmental friendliness, but their dosage is much smaller than that of solvent-based products Orr and Boss estimates that 75% of the global market for liquid wood coatings is solvent-based, 20% water-based and 5% UV-cured in the United States and Europe, uv-cured coatings accounted for a relatively high (10% to 20% of the market) at the same time, in Europe, the proportion of water-based coatings is relatively high According to market conditions, the proportion of water-based wood coatings in Europe is 40% to 60% in some Nordic countries and regions such as Germany and Scandinavia, the proportion of water-based coatings is very high( future innovations and trends
the main trend in the global wood coatings market is the continued slow shift to the use of water-based coatings, especially water-based UV-cured coatings This has already begun and is expected to continue This trend is not expected to break as China's environmental regulations tighten another trend is the rise of the middle class in China, India and other developing countries, which will continue to drive the rapid growth of their construction In addition, higher incomes have been able to drive demand in Asia as consumers in these countries are able to buy more high-end wooden furniture products Most of the global growth in the liquid wood coatings market will be concentrated in Asia Another trend is the increasing use of UV products Finally, the use of bio-based materials in this market will continue to grow At present, given the high price of these materials, the use is very small However, given the importance of sustainable development issues, their use will continue to increase conclusion
the global market value of wood coatings is estimated at 9 billion euros, with an annual growth rate of about 4.5% in 2018-2023 The North American market is dominated by cabinetand and flat-panel materials, such as flooring, siding, shelves and other products, while in Asia it is mainly made of wooden furniture Europe is somewhere between these two regions, with about half of the market being furniture and the other half of which are cabinets and wood-paneled materials The liquid wood coatings market is expected to grow positively due to increased consumption of wood furniture and other products, especially in Asia As in other coatings markets, environmentally friendly and sustainable models are expected to continue to contribute to the growth of water-based and UV coating consumption in this market In recent years, alternative low-cost substrates (vinyl, MDF, plastic composites and other ) will continue to replace wood, as digital printing can now reproduce wood patterns that look very natural The need for appearance is also evolving In Europe, we have seen a clear shift in indoor wood coatings to matte /soft surface coatings, but in other regions such as Asia, this trend is less pronounced, and high-gloss coatings remain the market benchmark regulations drive more sustainable solutions, brands and rapidly changing fashion trends, changing customer preferences, and expectations of "cost-effective" will continue to drive the wood coatings market and drive demand for new technologies source: Guangdong Qichen Editor: Shenzhen Coatings Technology Institute statement: This number of reprints, sharing, statements, views to maintain neutral, the purpose is only for industry exchanges, copyright belongs to the original author If involved in copyright and intellectual property rights and other infringement issues, please contact the background of this number, immediately delete the content processing Shenzhen Coatings Technology Institute leading the industry to the global deep coating introduction: according to the Shenzhen Science and Technology Association (2012) No 13 "on the approval of the establishment of the Shenzhen Institute of Coatings Technology" and the Shenzhen Civil Affairs Bureau (2012) No 265 "on the establishment of the Shenzhen Coatings Technology Society registration approval" and other documents Shenzhen Coatings Technology Society was officially established in Shenzhen on April 28, 2012 The establishment conference of the Institute of Coatings Technology gathered more than 400 well-known enterprises in the national paint industry and related people, attracting more than 200 well-known enterprises at home and abroad to join the Coatings Society