Wooden Preservative Market Size and Share Analysis: Growth Opportunities and Challenges by 2031

The global wooden preservative market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period (2024-2031). Wood is one of the most used natural building materials across the globe. For instance, according to NAHB analysis of 2021 Census Bureau data, for 2021 completions, 92% of new homes were wood-framed, another 7% were concrete-framed homes, and less than half a percent were steel-framed. On a count basis, there were 895,000 wood-framed homes completed in 2021. This was an 8% gain over the 2020 total. Several valuable properties such as low heat conductivity, small bulk density, relatively high strength, and amenability to mechanical working make wood as famous building material. Thus the growth of the construction of wooden houses has led to an increase in demand for wood preservative products. Wood preservative products are those that control wood degradation problems due to fungal rot or decay, sapstain, molds, or wood-destroying insects. Both the treatment process and the use of treated products can result in risks to human health and the environment.

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Treated wood is most commonly used outdoors. The wood preservative market is growing due to the increasing demand for wood in construction applications, especially in residential buildings. The use of wood for aesthetic appeal in residential constructions is driving demand for wood preservatives in emerging economies, which are characterized by rapid economic development. Thus the growth of the construction sector drives the wooden preservative market. For instance, according to the office for National Statistics, the value of construction new work in current prices in Great Britain in 2021 experienced strong growth (15.3%) to $136.7 million, after a 15.9% fall to $114.4 million in 2020. Also, annual new orders in 2021 saw their second-largest increase in growth of 30.5%. Warehouses, entertainment venues, offices, and factories were the main sub-sectors contributing to the annual increase in new orders in 2021.

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Market Coverage

Segment Covered-
o By Type

o By Application

Regions Covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- including BASF Wolman GmbH, KMG Chemicals, LANXESS AG, Lonza Group Ltd., Kurt Obermier GmbH, co. KG, AND Others

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Wooden Preservative Market Report Segment

By Type

Water-based Wood Preservative
Solvent-based Wood Preservative
Oil-based Wood Preservative
Others

By Application

Residential
Commercial
Industrial

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