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Global Wood Preservatives Market Report 2023-2032: Market Analysis, Growth, Key Trends And Forecast | BASF Wolman, Lanxess, Lonza, Kurt Obermeier GmbH & Co. KG, Jubilant, Troy Corporation, Remmers Gruppe AG, KMG Chemicals Inc
Wood Preservatives Market Report 2023
The Business Research Company's Wood Preservatives Global Market Report 2023 the increase in demand for wood in various applications as the major driver for the wood preservatives market's growth in the forecast period. For instance, in September 2021, according to a report published by the International Tropical Timber Organization, a Japan-based intergovernmental organization for the conservation of tropical forest resources, the demand for wood by "plywood and other wood-based industries" is expected to increase sharply from 15 million m3 in 2021 to more than 57 million m3 in 2030.
The global wood preservatives market size grew from $1.77 billion in 2022 to $1.88 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The wood preservatives market size is expected to grow to $2.37 billion in 2027 at a CAGR of 5.9%.
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Major competitors in the wood preservatives market are BASF Wolman, Lanxess, Lonza, Kurt Obermeier GmbH & Co. KG, Jubilant, Troy Corporation, Remmers Gruppe AG, KMG Chemicals Inc., Koppers Inc., Borax Inc., Dattashri Enterprises, Januaryssen Global Services LLC, Cooper Care Wood Preservatives Inc., Advanced Agriresearch Limited, Osmose Inc., Nisus Corporation, Quality Borate LLC, and Buckman Laboratories International Inc.
A key trend in the wood preservatives market includes investing in research and development (R&D) activities to manufacture eco-friendly wood preservatives. For instance, UltraPole NXT, developed by Viance, was awarded the R&D 100 2020 Award for its sustainable solution. The active ingredient DCOI (4,5-Dichloro-2-n-octyl-4-isothiazolin-3-one) does its job as a highly effective wood preservative. DCOI that enters the environment degrades rapidly.
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The wood preservatives market is segmented -
• By Formulation: Water-Based, Solvent-Based, and Oil-Based
• By End User: Residential, Commercial, or Industrial
• By Application: Cabinets and Decks, Doors & Windows, Wood Flooring, Railroad Ties, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the wood preservatives market
The Business Research Company's "Global Wood Preservatives Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Wood Preservatives Market Include:
1. Executive Summary
2. Wood Preservatives Market Characteristics
3. Wood Preservatives Market Trends And Strategies
4. Wood Preservatives Market - Macro Economic Scenario
5. Wood Preservatives Market Size And Growth
……………
27. Wood Preservatives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wood Preservatives Market
29. Wood Preservatives Market Future Outlook And Potential Analysis
30. Appendix
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