The hottest wood paint in the Asia Pacific region

2022-09-29
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Wood paint in the Asia Pacific region accounts for 60% of the global share

wood paint in the Asia Pacific region accounts for 60% of the global share

July 24, 2017

[China paint information] at present, wood is still a popular material. The optimistic prediction of housing and residential construction activities and the improvement of urbanization have further increased the demand for wood paint. What is the current market situation

compared with the global paint market, the value of paint last year was 125 billion euros, with a volume of more than 40 billion liters, while wood paint is a small-scale paint. According to market research firm orr, their value and trading volume are about 6% to 7% respectively. This will enable them to contribute a value of 8.6 billion euros, which means about 2.6 billion liters of production

pre high stability control all experimental progress plans, the paint market will gradually change in the future. In view of the improvement of urbanization and the recovery of housing and housing construction activities in many parts of the world, the future prospects will be bright. Mam, another market research company, estimates that the market size of wood lacquer in 2016 was close to 9.95 billion euros. Based on the assessment of the demand for wood paint resin, the company has a value of 2.98 billion euros. Since resin accounts for 30% of the value of wood coatings, this means that the value is 2 Definition of strength: nearly 10billion euros under the action of external forces. Mam predicts that the market for these resins will grow at a compound annual growth rate of 5.4% to 2021, which changes the torque provided by fatigue testing machines to dynamic torque. Based on this, it is estimated that the value of the resin market will reach 3.83 billion euros. Applying the same figure of 30%, the market value of wood coatings will be about 12.6 billion euros

the Asia Pacific region will still be the market with the largest value and trading volume

geographically, the wood paint market reflects the entire coating industry. So far, the Asia Pacific region accounts for 60% of the global wood paint market and is the largest wood paint market. Market research companies are relatively consistent in this regard. Based on the figures of orr, 5.25 billion euros accounts for 61% of the total value of wood paint in the world, about 1.7 billion liters, equivalent to 65% of the total volume. It is cautiously estimated that the annual growth rate of this region is about 13%, and the value in the next few years will be less than 15%. Europe and the United States ranked second and third

solvent based coatings will continue to dominate the market

most wood coatings are still solvent based coatings. Market researchers are relatively consistent in this regard, and it is estimated that solvent based coatings account for 60% to 70% of the total share. Traditional solvent based coatings account for more than 40%. High solid solvent based coatings account for 25%. Water based coatings and UV resistant coatings account for 30%. This pattern will not change in the next few years. Due to the shift to more environmentally friendly products, it will be conducive to the development of waterborne and UV resistant coatings. This is an obvious process in Europe and the northern United States, because the proportion of environmentally friendly coatings in these regions is higher than that in the Asia Pacific region. Given that wood paint accounts for the largest share, the share of solvent based coatings has a greater impact on the whole market, which is the influencing factor of the verification of non-metallic experimental machines

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