Wood Preservative Chemicals and Coatings Active Ingredients Market to Witness CAGR of 2.9% Increase in Value Share During the by 2027

Persistence Market Research is its latest report projects that the global wood preservative chemicals and coatings active ingredient market will witness a miniscule CAGR of 2.9% in terms of production volume during the forecast period (2017-2027).

The development of green active ingredients for wood preservatives such as azoles, IPBC, permethrin, etc. is one of the major strategies adopted by manufacturers of coating active ingredients and wood preservatives. Persistence Market Research analysts recently published a new report on this market titled "Wood Preservative Chemicals and Coatings Active Ingredients Market: Global Industry Analysis and Forecast, 2017-2025". According to this report, APAC and North America were the dominant markets in terms of consumption in 2016.

In the coming years, China is likely to emerge as a major production and consumption base for the global market for active ingredients in coatings and chemicals for wood preservation. Manufacturers in this market are engaged in the research and development of environmentally friendly active ingredients.

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Analysts expected North America and APAC to remain key regions for the global coatings active ingredients and wood preservation chemicals market in terms of demand over the forecast period. There is also significant market potential in the growth markets of China, Germany and the United States.

The market for active ingredients in coatings and chemicals for wood preservation is heavily influenced by the growing construction industry and growth in furniture manufacturing.

The growth of the global construction industry is expected to have a significant impact on the coatings active ingredients and wood preservation chemicals market during the forecast period. There is an increasing demand for wood preservation chemicals and active ingredients for coatings in non-residential buildings such as nursing homes and hospitals
. Growth in the furniture industry is also expected to have a major impact during the forecast period. China's Ashley Furniture Industries, Herman Miller Inc. Investments from major furniture manufacturers such as This is expected to boost the demand for active ingredients in wood preservation chemicals and coatings over the forecast period.
Global population growth is estimated to have a moderate impact on the coatings active ingredients and wood preservation chemicals market during the forecast period. Growing population is expected to increase the demand for residential buildings, which is expected to propel the market growth of active ingredients in coatings and chemicals for wood preservation.

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Various countries and regulations related to the use of chemicals.

In the United States, federal and state regulations set standards that must be met before certain pesticides can be used legally. Federal regulations administered by the Environmental Protection Agency (EPA) record the sale and use of certain preservatives so that only properly trained applicators can access them.

The wood preservatives affected by these regulations are creosote, pentachlorophenol and inorganic arsenic. In Europe, all pesticides must be stored in a safe place in tightly closed original containers. All chemicals must be stored in a closed, dry and well-ventilated area.

If possible, they should be stored in sealed containers. Some treatment plants discharge waste into municipal sewer systems that are approved for disposal with municipal waste. Many plants contain potentially hazardous waste using closed wastewater and chemical recovery systems.

Report structure and research methodology

Analysts have studied various segments of the global market for coatings active ingredients and wood preservation chemicals and published comprehensive market studies. A market analysis was conducted in terms of engagement thresholds and year-over-year growth projections for each market segment were addressed.

This report focuses on highlighting the consumption of wood preservation chemicals and active ingredients in coatings worldwide. The Weighted Average Selling Price (ASP) was considered minus market value. A top-down approach was used to evaluate market figures for each product category and a bottom-up approach was used to validate market estimates.

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Analysts have taken a systematic research approach in their global market study for Coatings Active Ingredients and Wood Preservation Chemicals. In-depth secondary research is used to determine overall market size, key industry players, top products, and industry associations.

Analysts also conducted extensive interviews with industry experts, key market players, distributors and retailers. Data obtained through primary and secondary research are validated using triangulation methods and secondary, primary and Future Market Insights analyzes contribute to the final data. The final data is analyzed using advanced proprietary tools to gain pertinent insights on the global market for coatings active ingredients and wood preservation chemicals.

Companies
Lanxess AG
Janssen Preservation & Material Protection
Lonza Group AG
Akzo Nobel N.V.
PPG Industries, Inc.
BASF Wolman GmbH
Kurt Obermeier GmbH & Co. KG
RUTGERS Organics GmbH
Sarpap & Cecil Industries
Koopers Holdings Inc
Troy Corporation
Others.

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This release was published on openPR.