WOOD PAINTS AND COATINGS MARKET ANALYSIS
The global wood paints & coatings market is projected to reach around US$ 13.97 Billion by the end of 2030, in terms of revenue, growing at a CAGR of 6.0% during the forecast period (2023-2030).
Figure 1. Global Wood Paints & Coatings Market Share (%) in terms of Value, By Region, in 2022
Market Trends-
Increasing focus on the development of waterway infrastructure to enable easier access to water transport is the current trend in the wood paints & coatings market. For instance, the 959 km corridor of Serbia river offers cost-effective transportation routes, and the Danube river in Europe represents the most reliable water route for Serbian transportation, all year. Moreover, to improve the economic development and trade of wooden products in Serbia, the government of Serbia has undertaken numerous initiatives to boost the water industry.
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