The term wood coatings indicate a broad range of products such as stains, varnishes, shellacs, and lacquers, which are commonly used in the domestic and industrial sectors. Wood coatings are used to provide protection & to add luster to the wood product. People are switching their choices from just painting to protective wood coatings. People who use costly timbers prefer applying protective coatings than paint.
Like any other industry, the wood coating industry also shows a tremendous increase in the market. Wood coatings have become a demanded product in the world market due to increased demand for wood products. Previously people were looking for cheaper products, but now we are looking for durable products instead of cost. Wood coating market is increasingly growing because of the development of new innovative wood products.
Wood coating application includes furniture, doors, windows, vessels, flooring, etc. Wood products are most used by residential use than non-residential. This growth in the residential market is the leading factor for the increase in wood coating market.
According to a study, India is Asia’s largest wood coating market after China. The need for wood coating across the world has increased by time. This looks promising for increasing investments. Growing construction industry is estimated to boost up the global wood coating market. This will increase the market of wood coating & this will provide a favorable result for the distributors around the world.