The global wood paints and coatings market Growth Accelerated by Increasing Demand from Construction Industry
Wood paints and coatings have high durability and protect wood from physical damage, environmental stress, and wear & tear. They provide aesthetic appeal and protect wood surfaces from moisture, mildew, and other corrosive elements. Thus, wood paints and coatings finds extensive application on wood and wood-derived substrates in furniture, doors, windows, flooring and other construction applications. The global wood paints and coatings market is estimated to be valued at US$ 9.58 Mn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing demand from the construction industry is one of the key trends driving the growth of the wood paints and coatings market. Wood is widely used in construction for features like paneling, flooring, decking etc. Construction activities have picked up pace globally post pandemic recovery. Additionally, rising di...