The Wood Coatings Market Growth Is Expected To Be Restrained By Preference Given To Laminates over Wood Coatings

 

Wood Coatings Market

The market for wood coatings worldwide is anticipated to expand quickly and with a strong CAGR. The market is expanding primarily due to the booming housing and real estate industry. Wood coating is frequently used to protect and refine wood and wood-framed structures. This lengthens the useful life of the product and improves the visual cues of wooden objects. The market is further stimulated by consumers' rising disposable incomes and the rising standard of living in developing countries like China and India, which are driving up demand for contemporary home furnishings.

In addition, the global Wood Coatings Market is benefiting from the quick development of wood coating technology and the growing preference for using radiation cure coatings. Hostels, co-living spaces, guest houses, and government structures are expanding as a result of the expansion of the service sector and the large portion of the population that follows it moving to new locations.

Because laminates are preferred over wood coatings, it is anticipated that the growth of the wood coatings market will be constrained. As a finishing layer for plywood, particle board, wooden furniture, wall panels, and flooring, laminates are created by pressing thin layers of flat paper or plastic resins. Laminates come in a wide range of colours and shades and are simple to maintain. In addition to being scratch- and water-resistant, they are also incredibly strong and able to keep their appearance for years. Additionally, laminates only require occasional cleaning with a soft cleaning agent and non-abrasive cloth. It is simple to remove and fix damaged laminate edges or surfaces without having to resurface the entire piece of furniture, which lowers maintenance costs.