Demand for wood stain is forecast o rise 4. 3 percent per year to $1.7 billion in 2020. Furniture
and decking applications account for
nearly 60 percent of demand for wood
stain. Cabinet applications will see the
fastest advances in stain demand, due to
the combination of strong gains in cabi-
net sales and the sustained popularity of
solid wood cabinetry. These trends are
presented in Wood Coatings Market in
the U.S., a new study from The Freedonia
Group. According to the study, wood
stain sales will be driven by convenience
of stain-and-sealer combinations; contin-
ued popularity of solid wood materials in
furniture, stain’s primary outlet, as well
as cabinets, materials that are more likely
to be stained to accentuate the appear-
ance of wood grain and rising stain prices
due to increasingly advanced formula-
tions, like stain-and-sealer-in-one
U.S. demand for wood coatings over-
all – including stains, paints, sealers and
primers – is projected to increase 4.2 per-
cent annually through 2020. Gains will
derive largely from residential markets,
where healthy increases in new housing
construction and moderate advances in
residential maintenance activities will
benefit both new and maintenance wood
coatings. Among new coatings, both on-
site and manufacturer-applied coatings
will see strong growth. Competition with
nonwood materials will restrain wood
coatings from further advances. Overall,
growth is expected to slow slightly from
that of the 2010-2015 period as con-
struction expenditures normalize after
the particularly strong growth of a post-
recession recovery.
Intumescent Coatings
Market to be Valued at $1
Billion by 2024
The global intumescent coatings market
size is slated to reach $1 billion by 2024;
as per a new research report by Global
Market Insights, Inc. Strong growth
indicators in the construction industry
are analyzed to be the prime factor pro-
pelling the global intumescent coatings
market size by 2024. These coatings are
extensively used in the civil structures
due to swelling characteristics on contact
with high temperature, where product
volume increases and density subsides.
This product characteristic makes it ap-
propriate for fireproofing applications in
the construction business. In 2015, the
overall construction expenditure across
the globe was roughly around $7 and is
likely to surpass 13 trillion by 2024.
Offshore petrochemical, chemical and
steel are prominent industries where prod-
uct is widely used for fire protection, as
environment in these sectors are potently
exposed to heat. Increasing fire protec-
tion and safety requirement across these
industry sectors will significantly boost
the product demand across the globe.
Furthermore, the global oil & gas con-
sumed in 2015 was 550 quadrillion units,
up from around 450 quadrillion units in
2005. This elevation will substantially
boost the product demand. Additionally,
upcoming shale gas industry in China,
Russia and the U.S. will further comple-
ment the intumescent coatings market
size.may obstruct business growth.
The water-based intumescent coatings
market is forecast to witness highest
growth by 2024, particularly due to its
ecofriendly characteristics. Favoring gov-
ernment regulations for the technology
on account of low VOC levels will fuel
the demand over the projected period.
The solvent-based intumescent coatings
market size was over $110 million in 2015.
The industry shall observe modest gains
by 2024 due to due to stringent environ-
mental norms. Cellulosic intumescent coat-
ings market size will see growth of around
4. 5 percent over the projected timeframe.
Increasing demand in the construction
business shall drive growth by 2024.
The overall industry revenue from oil
& gas applications was approximately
$400 million in 2015. Increasing product
requirement in the business for fireproof-
ing and fire protection applications due
to prevalence of fire safety norms will
substantially elevate the product demand
by 2024.
In 2015, the North American indus-
try was close $150 million. The regional
industry is primarily driven by strong
oil and gas industry, and shale gas ex-
ploration. The global intumescent coat-
ings market size was led by Asia Pacific
in 2015. Robust construction industry
growth in China and India is the major
factor driving regional growth.CW
Wood Stain Demand to Grow
4. 3 Percent Annually Through 2020
