Research and Markets: Western European Industrial Wood Coatings Markets

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/grbmgr/western_european_i) has announced the addition of Frost & Sullivan's new report "Western European Industrial Wood Coatings Markets" to their offering.

“With increasing environmental awareness, regulatory boards as well as end users are aware of the harmful effects of solvent based coatings and are looking at alternatives such as radcure and waterborne coatings”

This research service titled Western European Industrial Wood Coatings Markets provides an in-depth analysis of the markets segmented by geographic region. The study also includes a description of market drivers, restraints, key applications and average pricing trends. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: Italy, Iberia, Germany, Austria and Switzerland (GAS), Scandinavia, the United Kingdom and the Republic of Ireland (UKI), France and Benelux.

Radcure and Waterborne Coatings Hold Tremendous Potential for Growth

Despite the western European industrial wood coatings markets being mature, there is potential to grow with technological innovations and focus on new application regions. With increasing volatile organic compound (VOC) emissions leading to stricter environmental norms, there is a shift toward radcure and waterborne coatings which will help the markets grow. Meanwhile, eastern Europe is luring coating manufacturers due to the cheaper costs and hence has tremendous potential along with other low-cost markets such as Asia and China. Therefore, manufacturers can expand their presence by gaining entry into these markets so as to augment their customer base, increase margins and reduce manufacturing costs.

"The stringent environmental legislation regarding VOC emissions is compelling wood coating manufacturers to shift from solvent borne to radcure and waterborne coatings," notes the analyst of this research service. "In the future, this trend will be responsible for growth in the industrial wood coatings markets." Moreover, the average price of radcure and waterborne coatings is higher than that of solvent borne coatings. As a result, the increase in the use of these coatings is set to propel a rise in market revenues.

Regulatory Compliance - Key Challenge for Wood Coating Manufacturers

Currently, the biggest challenge faced by manufacturers is to develop regulation-compliant coatings. Manufacturers that do not comply with the new regulations will be fined heavily and some may even have to shut down operations due to their inability to comply with these regulations. "With increasing environmental awareness, regulatory boards as well as end users are aware of the harmful effects of solvent based coatings and are looking at alternatives such as radcure and waterborne coatings," states the analyst. "This increasing awareness is compelling people to shift to environment-friendly coatings and manufacturers will have to focus on alternative coatings to ensure regulatory compliance as well as sustain their market share."

Notably, certain manufacturers view the changing environmental regulations as an opportunity to increase their market share and differentiate themselves from their competitors. Moreover, in view of the above-mentioned situation, manufacturers can employ closed loop systems for solvents, wherein the solvent is separated from the end product and recycled along with the raw materials, thus resulting in lower emissions.

Market Sectors - Expert analysts thoroughly examine the following market sectors in this research:

-Polyurethane coatings

-Nitrocellulose coatings

-Radcure coatings

-Waterborne coatings

-Polyester coatings

-Acid-cured coatings

Key Topics Covered:

-1. Executive Summary

-2. Market Dynamics

-3. Total Western European Wood Coatings Market

-4. Italian Wood Coatings Market