Development of the Real Estate Industry Aiding Market Growth in the Chinese Wood Coatings Market.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c46320) has announced the addition of "Chinese Wood Coatings Markets" to their offering. Along with the trend of metropolis, urban area is expanding rapidly. Many boomtowns are emerging and under construction. This is expected to boost the demand of furniture decoration enormously. Wood furniture accounts for the majority of all furniture sold either in domestic market or in export products. The domestic demand for and the export of wood furniture is increasing dramatically, which drives the growth of Chinese wood coatings market significantly. This research service studies several key aspects, which are vitally essential to the current and future perspectives of the Chinese wood coatings market. The Frost & Sullivan research service entitled Chinese Wood Coatings Market provides a comprehensive analysis of the Chinese wood coatings market. It also provides a brief overview of the Chinese furniture History China is one of the longest standing major civilizations in the world today. The familiar Asian minimalist aesthetic so often associated with Japan had its origins in China as far back as 1500 BC. industry. In this research service, Frost & Sullivan's expert analysts thoroughly examine the following markets/applications/technologies: PU coatings, NC coatings, PE coatings, and others (UV/water-based coatings, AC coatings). The following technologies are covered in this research: * Polyurethane polyurethane Any of a class of very versatile polymers that are made into flexible and rigid foams, fibres, elastomers (elastic polymers), surface coatings, and adhesives. coatings (PU): These coatings are cured through a poly addition reaction, and is dominant in current Chinese wood coatings markets. * Nitrocellulose nitrocellulose, nitric acid ester of cellulose (a glucose polymer). It is usually formed by the action of a mixture of nitric and sulfuric acids on purified cotton or wood pulp. coatings (NC): These coatings are based on Nitrocellulose and its derivatives. Due to its good finishing effect in antique furniture Antique furniture is the term for collectible interior furnishings of considerable age; often its age, rarity, condition, utility, or other unique features makes the furniture desirable. , it is dominant in the export of wood coatings, especially the U.S. Additionally, it is widely used in some regional furniture markets, such as in Guangdong province Noun 1. Guangdong province - a province in southern China Guangdong, Kwangtung . * Polyester coatings (PE): These are based on Polyester resins Polyester Resin - Unsaturated Polyester Resin. The term generally used for unsaturated (means containing chemical double bonds) resins formed by the reaction of dibasic organic acids and polyhydric alcohols, basic component of SMC/BMC. . * Acid cured coatings (AC): These coatings are cured through a poly condensation reaction eliminating water and formaldehyde formaldehyde (fôrmăl`dəhīd'), HCHO, the simplest aldehyde. It melts at −92°C;, boils at −21°C;, and is soluble in water, alcohol, and ether; at STP, it is a flammable, poisonous, colorless gas with a suffocating (not environment friendly). Its application is currently very limited, which is forecast to be phased out sooner or later. * Others (UV/water based): This segment primarily consists of UV cured and waterborne coatings, which are niche segments in the market with huge potential in the foreseeable future. Driven by its booming economy, China has been witnessing the rapid urbanization and expansion of its cities and towns. Off late, there has been noticeable increase in commercial, residential, and entertainment-related constructions, and this ongoing growth in the domestic real estate industry is expected to significantly aid the growth of the Chinese wood coatings market. Moreover, market growth is likely to be further enhanced by the rise in domestic consumption as well as exports of wooden furniture. The Chinese furniture association estimated furniture exports at $13.0 billion for 2005, with a year-on-year growth rate of 37.0 percent, and a closer examination of Chinese furniture exports reveals wood furniture to be dominant. As a result, wood coatings, especially nitro nitro abbreviation of nitrogen. Usually taken to indicate the presence of an -NO2 radical. nitro-chalk a fertilizer in the form of lime or chalk mixed with ammonium nitrate. cellulose (NC) coatings, are forecast to see strong uptake among the furniture end-user sector. However, increasing raw material costs are likely to be a key challenge for Chinese coating manufacturers. Considering the competitive nature of the market, wood coating manufacturers are often forced to absorb the increasing raw material cost instead of passing them on to their clients. While this has a severe impact on industry profit margins, the imposition of rigorous new regulations, especially in relation to environment protection is also a major challenge. Chinese coatings manufacturers have been imposed with stringent regulations such as the ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 international quality system certification, ISO 14001 international environment management certification, China Compulsory Certification The China Compulsory Certificate mark, commonly known as CCC Mark, is a compulsory safety mark for many products sold on the Chinese market. It became effective on May 1, 2002. (CCC CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. ), and China Environmental Labeling Certification, explains the analyst of this research service. Enterprises which do not fulfill these criteria are bound to be phased out and many small- and mid-sized participants are particularly facing difficulties to ensure compliance with these regulations. Among the coating technologies, polyurethane (PU) coatings were dominant in the Chinese wood coatings markets, and it is expected to maintain and even increase its market share during the forecast period. NC coatings, on the other hand, were the second largest segment in 2005, and find predominant use in wood furniture exported to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. due to their ease of use. Acid cure (AC) coatings are seeing a decline in usage due their high formaldehyde content, and they, along with polyester (PE), are likely loose out market share over the forecast period. Owing to owing to prep. Because of; on account of: I couldn't attend, owing to illness. owing to prep → debido a, por causa de technical barriers, water-based coatings are still in the nascent stage of development, but hold great promise for the future. Overall, the Chinese wood coatings market is likely to grow consistently over the forecast period. The market is expected to grow in line with the Chinese furniture industry, and will be driven primarily by the growth in domestic consumption and export of wooden furniture. Companies that supply branded products with good quality, set up a complete distribution channel with wide geographic coverage, and possess effective marketing strategies, are expected to see better growth, says the analyst. Building reciprocal sales alliances with furniture clients is also likely to be very beneficial for market participants The term market participant is used in United States constitutional law to describe a U.S. State which is acting as a producer or supplier of a marketable good or service. When a state is acting in such a role, it may permissibly discriminate against non-residents. wishing to strengthen their presence in the Chinese wood coatings markets. For more information visit http://www.researchandmarkets.com/reports/c46320 Source: Frost & Sullivan |
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