Analysis of the reasons for the overall growth of

2022-08-09
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Analysis of the reasons for the overall growth of the wood furniture coating market

no noise analysis on the reasons for the overall growth of the wood furniture coating market

September 15, 2020

data show that the global wood furniture paint Market (including solvent based, water-based, UV curing, and powder coatings) is expected to grow by $1.96 billion from 2019 to 2023. The overall growth of the wood furniture coating market can be attributed to the growth of the global population and the recovery of the housing market, which have increased the public's demand for beds, tables, chairs, wooden frames, etc. At the same time, the interior decoration concept of home, office and hotel is also constantly updated, which further promotes the development of the industry and innovative coatings

market distribution of wood paint in China

at present, China's wood paint industry is mainly concentrated in South China, East China, North China and southwest China. Most of the wood coating manufacturers are concentrated in Guangdong, and their wood coating output accounts for more than 50% of the national output. According to the output of provinces, Guangdong, Jiangsu, Shanghai, Zhejiang, Shandong, Beijing, Tianjin, etc. Among them, the furniture paint industry in South China is mainly concentrated in the Pearl River Delta region of Guangdong Province, mainly including shunzhou, Europe, America, Japan and other countries, which have become the main consumer and producer of wood plastic composite new materials, Germany, Dongguan, Shenzhen, Zhongshan, Guangzhou, Jiangmen and other regions. The furniture paint industry in East China is mainly concentrated in Shanghai, Jiangsu, Zhejiang and Fujian. The furniture paint industry in North China is mainly concentrated in Beijing, Tianjin, Shandong, Liaoning and other Bohai rim regions. The furniture paint industry in Southwest China is mainly concentrated in Chengdu, Sichuan and other regions

three main trends of the market:

1 the growing demand for more environmentally friendly and green furniture has prompted enterprises to turn to more sustainable solutions, such as coatings with lower VOCs and renewable raw materials

2 with the introduction of the global logging ban, there will be more and more kinds of wood furniture materials

3 online ordering is increasing, and consumers expect shorter delivery time, more time-saving, and customer customization is the demand of everyone at present

a more flexible and fast production process helps to achieve a higher degree of customer customization. At the same time, it can also reduce the pressure on the capital turnover of furniture manufacturers and reduce the total operating cost. In addition, due to cost considerations, some furniture manufacturers also choose to produce paint free furniture in pursuit of higher efficiency. At the same time, this trend also promotes the application of powder coatings in the wood furniture market. The development of more advanced curing technology is the key to strengthen the treatment effect, improve efficiency, better control gloss and reduce energy demand

the rapid development of automation is also noteworthy. It is helping the whole value chain improve efficiency and reduce operating costs. Another big change is the change of consumers' home design style, especially the increasingly diverse requirements for color and gloss effects. Therefore, it is very important to keep up with the latest design trends and provide customers with innovative solutions in line with modern lifestyle

the main chemical substances in wood furniture paint resin include polyurethane, nitro, acrylic acid and polyester, which are used to prepare solvent based, waterborne, UV and powder coatings. Two thirds of wood furniture coatings in the world are still based on solvent based resins. The remaining one-third is mainly water-based resin technology (1k/2k/wb UV) and 100%-uv technology

in order to reduce the ecological footprint, adapt to more stringent environmental regulations, and obtain more outstanding performance, more and more furniture manufacturers have shifted from the traditional solvent based coating system to the water-based coating system

the choice of coating type depends on the type of furniture and the ability and cost of the manufacturer

for the application of assembled housing, the traditional solvent based wood paint is still the dominant market. In the Asia Pacific region, water-based coating systems are developing rapidly. For example, China's increasing shift to water-based technology is a good example. In the automatic production environment involving more flat piece furniture, 100% UV and water-based UV technology are more and more popular because of their excellent patience and rapid production efficiency

in addition, the latest development of wood furniture paint technology focuses on the development of resins with high performance and containing plant-based components, so as to prepare sustainable coatings with low VOC and high performance. As renewable materials begin to replace fossil components in coatings, the environmental protection and health value of coatings will be raised to a higher level. Although this transformation is still in its infancy and may take some time to become the mainstream, the visible development of new technologies has well promoted the development of eco-friendly coatings

the application of UV coating technology is also becoming the mainstream and has a significant impact. This is because the total investment cost of UV-LED equipment is reduced, making UV-LED coating technology more economical. At the same time, furniture manufacturers are increasingly aware of the importance of energy conservation and reducing total operating costs

with the growth of consumer demand for wood furniture and the expansion of middle-class groups worldwide, the wood furniture paint market will also continue its strong growth momentum. We have reason to believe that sustainable and eco-friendly solutions will be developed by leaps and bounds. Consumers are increasingly aware of the importance of sustainable life, and this awareness of environmental protection will only increase in the future. With the increasing demand for environmental protection products, the market potential of water-based coatings is huge. This trend creates a good opportunity for the current and future markets

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