Kerry Pianoforte, Editor02.12.16
Demand for wood protection coatings and preservatives is expected to advance 4.5 percent per year through 2018 to $4.8 billion, The Freedonia Group reported in their study “Solvents.” Growth in the industry will primarily be driven by a rebound in residential construction activity, which in turn benefits the major applications in which wood coatings and preservatives are used – namely furniture, decking and siding.
“Further advances will be restrained by the rising use of non-wood materials in several key applications,” said Freedonia analyst Katherine Brink. “Coatings and preservatives will be limited in siding, where wood is forecast to account for a shrinking share of demand and faces fierce competition from alternative materials.” In decking applications, although wood still dominates, plastic composite decking continues to erode wood’s share, which also puts a dent in wood protection product sales.
Freedonia predicts that demand for coatings is projected to rise 4.7 percent annually thro
“Further advances will be restrained by the rising use of non-wood materials in several key applications,” said Freedonia analyst Katherine Brink. “Coatings and preservatives will be limited in siding, where wood is forecast to account for a shrinking share of demand and faces fierce competition from alternative materials.” In decking applications, although wood still dominates, plastic composite decking continues to erode wood’s share, which also puts a dent in wood protection product sales.
Freedonia predicts that demand for coatings is projected to rise 4.7 percent annually thro
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