Wood Preservatives market Is Expected To Boost The Global market At A Cagr Of Around 5.1% : BASF Wolman GmbH, Borax Inc.

Wood preservatives such as copper azoles, synthetic pyrethroids, creosote and various other preservatives, are the chemicals applied on wood to preserve it from fungi, insects, termites, ants, and other microbes. These preservatives also prevent the wood from decomposition, degradation and decay, and provides a longer life, thereby increasing its durability.

Growth of wood preservatives market is fueled by the use of wood in marine piling, utility fencing, decking, and in infrastructure. The U.K. government invested US$ 7.09 Bn on infrastructure development in 2016, which in turn led to high demand for wood, thereby, propelling growth of the wood preservatives market.

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Detailed Segmentation:

Global Wood Preservatives Market, By Formulation:
Water Based
Copper-based Waterborne Wood Preservative
Copper Azoles
Tebuconazole
Propiconazole
Cyproconazole
Micronized Copper
Ammoniacal Copper Zinc Arsenate
Chromated Copper Arsenate
ACQ Compounds
Others

Non-copper Based Waterborne Wood Preservative
Triadimefon
Borates

Solvent Based
Copper Naphthenate
IPBC
Synthetic Pyrethroids
Pentachlorophenol

Asia Pacific is projected to be the fastest growing region in the wood preservatives market, witnessing a CAGR of 7.56% during the forecast period. Growth in this region is attributed to rising standard of living, increasing commercial housing activities, and increasing industrial construction. Moreover, growing investments in premium furniture backed by rising standard of living, especially of the middle class population are other factors expected to drive growth of the market in the region.

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Among applications, the residential and commercial segment accounted for a dominant market share of 78.69% in 2016. This is attributed to increasing demand for wood from the infrastructure sector for flooring and wooden furniture. Furthermore, rising popularity of wood as a renewable and sustainable building material with lowest carbon footprint has led to its rampant use in the construction industry. This is another factor expected to drive growth of the wood preservatives market.

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