Global Wood Preservatives Market Outlook, Opportunities And Strategies
Learn about the global wood preservatives market through The Business Research Company, which provides information on wood preservatives market size, wood preservatives market drivers and restraints, wood preservatives market players, the COVID-19 impact on the wood preservatives market, and more.
The global wood preservatives market is expected to grow from $1.28 billion in 2020 to $1.39 billion in 2021 at a compound annual growth rate (CAGR) of 8.8%. The growth in the wood preservatives market is mainly due to the increasing demand for wood in different applications, rising demand for eco-friendly wood preservatives chemicals, rapid urbanization, growing construction industry supported by heavy investments for infrastructural developments, and growing awareness among consumers about wood preservatives. The market is expected to reach $1.78 billion in 2025 at a CAGR of 6.5%.
Increasing demand for wood in various applications is expected to drive innovation in wood preservatives manufacturing, thus driving the market during the forecast period.
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The wood preservatives market consists of sales of wood preservatives by entities (organizations, sole traders, and partnerships) that manufacture wood preservatives that are used to protect the wood. Wood preservatives are chemicals that can control wood degradation problems due to fungal rot or decay, sapstain, molds, or wood-destroying insects. It is mainly used to increase the durability and resistance of wood, timber, wood structures or engineered wood.
Global wood preservatives market segments include:
By Formulation: Water Based, Solvent Based, Oil Based
By End User: Residential, Commercial, Industrial
By Application: Cabinets And Decks, Doors & Windows, Wood Flooring, Railroad Ties, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the wood preservatives market in 2020.
Major players operating in the wood preservatives market are continuously investing in research and development (R&D) activities to manufacture eco-friendly wood preservatives which is a key trend in the wood preservatives market. Considering the environmental rules and regulations, the wood preservatives manufacturers are developing natural or eco-friendly wood preservatives so that they will be less harmful to the environment.
TBRC’s wood preservatives market report covers:
Major Market Players: BASF Wolman, Lanxess, Lonza, Kurt Obermeier GmbH & Co. KG, Jubilant, Troy Corporation, Remmers Gruppe AG, KMG Chemicals Inc., Koppers Inc, Borax Inc., Dattashri Enterprises, Janssen Global Services LLC., Cooper Care Wood Preservatives Inc., Advanced Agriresearch Limited, Osmose Inc, Nisus Corporation, Quality Borate LLC., and Buckman Laboratories International Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Wood Preservatives Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides wood preservatives market overviews, analyzes and forecasts market size, share, wood preservatives market players, wood preservatives market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s wood preservatives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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