Wood coating additives market size is forecast to reach $870 million by 2026, after growing at a CAGR of 6% during 2021-2026 forecast period, owing to the increasing usage of wood coating additives such as nanofibrillated cellulose in various applications to protect the wood from bacteria, and other harmful organisms, and artificial weathering.
2. • Wood coating additives market size is forecast to reach $870 million by
2026, after growing at a CAGR of 6% during 2021-2026 forecast
period, owing to the increasing usage of wood coating additives such as
nanofibrillated cellulose in various applications to protect the wood from
bacteria, and other harmful organisms, and artificial weathering.
• In addition, coating additives enhance the appearance and longevity of
coated surfaces, while increasing the substrate wetting, mar and gloss
retention, intumescent retardant, chemical, UV, and corrosion resistance.
The rapid growth of the infrastructure industry has increased the demand for
wood coating additives; thereby, fueling the market growth.
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3. Key Takeaways
Asia-Pacific dominates the wood coating additives market, owing to the
increasing building & infrastructure activities in the APAC due to various
government initiatives such as “100 smart cities” and “Housing for all by 2022”.
The primary purpose of using coating additives in wood is to manufacture
superior quality wood surfaces. Additives are often used in wood coatings for a
variety of purposes such as better stabilization, hygiene, and decoration of wood.
The coating additives also add some extensive properties to the wooden material
such as moisture-resistant, anti-bacterial solution, improved hardness, better
appearance, and more. These enhanced properties of wood coating additives are
projected to increase the market growth.
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4. By Distribution Channel- Segment Analysis
The Rheology modifier segment held a significant share in the wood coating
additives market in 2020. For the optimal application of coatings on wood, it is
necessary to adjust the rheology profile of the coating with the help of
rheology modifiers. This can be managed by using associative thickeners based
on polyurethanes. Polyurethane thickeners can be used solely or in
combination with each other as well as with other types of thickeners
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5. Wood Coating Additives Market Industry Outlook
• BYK Additives and Instruments,
• AkzoNobel N.V
• Ashland Inc
• BASF SE
• Arkema
• The DOW Chemical Company
• Sherwin-Williams
• Nexeo Solutions
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6. Wood Coating Additives Market - Forecast(2021 - 2026)
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