Chemicals and Materials Global Wood Coatings Market Future Forecast 2027 | страница 2

cabinets, furniture, siding and others. Further, the end use segment is
divided into residential and non- residential.
Increased use of polyurethane to Boost the Demand for Wood
Coatings in the Future
Polyurethane segment is rising at a CAGR of 8.8% on the back of various
applications of these resin in commercial, architectural, paneling, furniture
etc. as it is a scratch and humidity resistant.
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Advancement in coating technology- Advancements in coating
technology and surge in use of radiation cure coatings is being done to cater
the major share of the market.
Asia- Pacific is expected to grow at a significant rate on the back of increasing
demand for wood coatings in sectors such as furniture, flooring, joinery etc.
and advantages of wood coatings such as enduring surface finish, solvent and
scratch resistance, resilience to UV light damage, resistance to general wear
& tear, quick drying, superior sanding and multi-coat and smooth finish.
North America is expected to grow significantly on the back of presence of
major players in the region.
Industry Players are Progressing towards Minimizing the
Barriers faced by the Global Wood Coatings Market
Stringent government rules are being imposed by the government and other
regulatory bodies on the use of volatile organic compounds (VOC) in the
production of wood coating. Use of VOCs in the production of wood coatings
can have harmful impacts on the environment. Stringent rules are imposed