Catherine Diamond, Associate Editor02.13.17
The global wood coating resins market is projected to reach $4.24 billion by 2021, at a CAGR of 5.39 percent through 2021, according to a recent report by Markets and Markets. Researchers found that growth in the global wood coating resins market is due to the eco-friendly properties of wood coating resins, healthier coating systems, more durable coating resins with better performance and better aesthetics, the growing demand for waterborne and solvent-free coating resins, VOC regulations driving the demand for waterborne coating resins, and the growing end-use industries.
The most dominant application segment in the global wood coating resins market is furniture, according to Markets and Markets. “Modern indoor and outdoor furniture has an increasing array of functions that need different kinds of coatings,” the report states. “Superior resistance to dirt, abrasion, and water are the most significant properties required for wood coating resins for the furniture application. Additionally, superior chemical resistance to shoe polish, nail polish remover, soft drinks and other agents that might be commonly found in office environments was also ide
The most dominant application segment in the global wood coating resins market is furniture, according to Markets and Markets. “Modern indoor and outdoor furniture has an increasing array of functions that need different kinds of coatings,” the report states. “Superior resistance to dirt, abrasion, and water are the most significant properties required for wood coating resins for the furniture application. Additionally, superior chemical resistance to shoe polish, nail polish remover, soft drinks and other agents that might be commonly found in office environments was also ide
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