Wood Coating Resins Market Worth 4.24 Billion USD by 2021

PUNE, India, October 27, 2016 /PRNewswire/ --

The report "Wood Coating Resins Market by Resin Type (Polyurethane, Acrylic, Epoxy, Alkyd, Nitrocellulose, Polyester), Technology (Solventborne, Reactive, Dispersion), End User (Furniture, Cabinets, Doors and Windows, Flooring) - Global Forecast to 2021", published by MarketsandMarkets, the global market is projected to reach USD 4.24 Billion by 2021, at a CAGR of 5.39% from 2016 to 2021.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 72 market data Tables and 82 Figures spread through 128 Pages and in-depth TOC on "Wood Coating Resins Market"

http://www.marketsandmarkets.com/Market-Reports/wood-coatings-market-83102038.html 

Early buyers will receive 10% customization on this report.

The global wood coating resins market is projected to grow at a CAGR of 5.39% from 2016 to 2021 in terms of value. Growth in the global Wood Coating Resins Market is due to the green, environment friendly properties of wood coating resins, healthier coating systems, more durable coating resins with better performance and better aesthetics, the growing demand for water borne and solvent free coating resins, VOC regulations driving the demand for water borne coating resins, and the growing end-use industries.

Furniture: The most dominant application segment in the global wood coating resins market 

Modern indoor and outdoor furniture has an increasing array of functions that need different kinds of coatings. Superior resistance to dirt (pendulum hardness), abrasion (Taber abrasion) and water (water spot) are the most significant properties required for wood coating resins for the furniture application. Additionally, superior chemical (stain) resistance to shoe polish, nail polish remover, soft drinks and other agents that might be commonly found in office environments was also identified as an important criterion for office wood coatings. There is a growth in the demand for modern as well as traditional furniture in the market and the demand for furniture is directly proportional to the demand for wood coating resins.