Wood Preservative Chemicals and Coatings Active Ingredients Market is Anticipated to Expand at a Healthy CAGR of 2.9% 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 preservative chemicals such as azoles, IPBC, permethrin etc. is one of the key strategies adopted by manufacturers of coating active ingredients and wood preservative chemicals. Persistence Market Research analysts have recently released 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 dominant markets in 2016 in terms of consumption.

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

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Analysts have noted that North America and APAC are expected to remain key regions in the global coatings active ingredients and wood preservation chemicals market from the demand side during the forecast period. There is also significant market potential in the growth markets of China, Germany and the US.

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

The growth in the global construction industry is anticipated to have a high impact on the market for coating active ingredients and wood preservation chemicals during the forecast period. Demand for wood preservation chemicals and active ingredients for coatings is increasing in non-residential buildings such as care centers and hospitals
. The growth of the furniture industry is also expected to have a big impact during the forecast period. Investments are expected from major furniture manufacturers like Ashley Furniture Industries, Herman Miller Inc., etc. in China.This is anticipated to increase the demand for active ingredients in wood preservation chemicals and coatings during the forecast period.
Global population growth is estimated to have a medium impact on the market for coating active ingredients and wood preservation chemicals during the forecast period. The increase in population is predicted to boost the demand for residential buildings and, in turn, fuel the growth of the market for active ingredients in coatings and chemicals for wood preservation.

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Various countries and regulations associated with the use of chemicals.

In the United States, federal and state regulations set standards that one must meet before one can legally use certain pesticides. Federal regulations administered by the Environmental Protection Agency (EPA) have recorded the sale and use of certain preservatives to ensure that only properly trained applicators have access to them.

Wood preservatives affected by these regulations are creosote, pentachlorophenol, and inorganic arsenicals. In Europe, all pesticides must be stored in a tightly closed original container and in a secure place. All chemicals must be stored in a closed, dry and well-ventilated area.

They should be kept in sealed containers whenever possible. Several treatment plants discharge the waste into approved municipal sewer systems for processing along with municipal waste. Many plants use closed wastewater and chemical recovery systems to contain potentially harmful waste.

Structure of the report and research methodology

The analysts studied the different segments of the global market for coating active ingredients and wood preservation chemicals and presented a comprehensive market study. A market analysis has been carried out in terms of basis points of participation and year-on-year growth projections for each market segment have been covered.

The report focuses on highlighting the consumption of wood preservation chemicals and active ingredients in coatings around the world. The Weighted Average Sale Price (ASP) has been considered to deduct the market values. A top-down approach has been used to assess the market figures for each product category, while a bottom-up approach has been used to validate the market estimates.

Analysts have taken a systematic research approach in surveying the global market for coating active ingredients and wood preservation chemicals. In-depth secondary research is used to determine the overall market size, major industry players, top products, and industry associations.

The analysts also conducted extensive interviews with industry experts, key market players, distributors and retailers. Data acquired through primary and secondary research is validated using the triangulation method, in which secondary, primary, and Future Market Insights analysis contribute to the final data. The final data is then analyzed using advanced proprietary tools to acquire pertinent insights into the global market for coating active ingredients and wood preservation chemicals.

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The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.

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