Wood Stain Demand to Grow 4.3% Annually Through 2020
CLEVELAND – According to a new study, demand for wood stain is forecast to rise 4.3% per year to $1.7 billion in 2020. Furniture and decking applications account for nearly 60% of demand for wood stain. Cabinet applications will see the fastest advances in stain demand, due to the combination of strong gains in cabinet sales and the sustained popularity of solid wood cabinetry. These and other trends are presented in Wood Coatings Market in the US, a new study from The Freedonia Group, a Cleveland-based industry research firm.
Wood stain sales will be driven by convenience of stain-and-sealer combinations; the continued 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 appearance of wood grain; and rising stain prices due to increasingly advanced formulations, like stain-and-sealer-in-one.