Press release
Wood Preservative Chemicals Market: Growth Opportunities and Forecast (2023-2026) with CAGR 5.5% Analysis
Wood Preservative Chemicals Market
The global wood preservative chemicals market is expected to grow at a steady rate during the forecast period of 2021 to 2026. Wood is an important part of building material. Wood preservation chemicals ensure the longer life of wood by keeping it safe from the attack of any insects, fungus or bacteria. Such preservation can be done by several treatments and chemicals. Wood preservative chemicals market is growing with a significant growth rate due to the increased use of wood in the households and industrial sector.
Wood has several indoor and outdoor applications. In the recent year, the commercial uses include decking; railroad products and fencing represent the major end-use application for wood preservative chemicals globally. The demand for wood preservative chemicals from the landscape-products end-use segment is projected to increase in the future years.
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Market Size:
The global wood preservative chemicals market is expected to grow at a compound annual growth rate (CAGR) of 5.5% during the forecast period of 2021-2026. The market is expected to reach a value of $2.5 billion by 2026, up from $1.8 billion in 2021.
Drivers, Restraints and Challenges
Drivers:
Increasing demand for treated wood products due to their prolonged lifespan and enhanced durability
Growing construction activities in emerging economies, leading to a rise in demand for treated wood in various applications
Rising awareness about the need for protecting wood from decay, insect damage, and fungal attacks
Technological advancements in the production of wood preservatives, leading to improved performance and reduced environmental impact
Increasing use of treated wood in decking, fencing, landscaping, and outdoor furniture, among other applications
Restraints:
Stringent regulations and policies related to the use of certain types of wood preservatives, due to environmental and health concerns
High cost of some wood preservative chemicals, which may limit their adoption in certain markets
Availability of alternative materials, such as composite wood, which may offer similar durability and resistance to decay and insects
Slow growth in developed markets, where treated wood products are already widely used, leading to limited opportunities for market expansion
Challenges:
Environmental and health concerns related to the use of certain wood preservative chemicals, leading to increased scrutiny and regulations from authorities and consumers
Competition from alternative materials, such as plastic lumber and metal, which may offer similar or better performance and environmental benefits
Lack of standardization and testing protocols for wood preservatives, leading to inconsistencies in performance and quality across different products and suppliers
Limited awareness and education among consumers and end-users about the benefits of treated wood products and the risks of using untreated wood.
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Regional Analysis
North America and Europe are the largest markets for wood preservative chemicals, owing to the high demand for treated wood products in the construction and furniture industries. Asia-Pacific is also expected to witness significant growth during the forecast period, due to the increasing construction activities in the region.
Regional analysis includes:
• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)
Key Players:
The major companies operating in the wood preservative chemicals market include BASF SE, Janssen Preservation and Material Protection, KMG Chemicals Inc, Kurt Obermeier GmbH & Co. KG, Kop-Coat Incorporated, Lonza Group Ltd., Lapeyre SA, Osmose Inc., Rio Tinto Borax, RUTGERS Organic and Viance LLC.
Report highlights:
• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint
This report covers a thorough analysis of:
• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain
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About us:
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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