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Wood Preservatives Global Market Insights: Growth Drivers, Size & Forecasts to 2029
Wood Preservatives
What Is the Forecasted Market Growth Rate of the Wood Preservatives Industry?
Recent years have seen robust growth in the size of the wood preservatives market. It is projected to expand from a market size of $2.01 billion in 2024 to $2.11 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.0%. The surge during the historic period can be traced back to factors like growth in the construction and infrastructure sector, regulatory interventions pertaining to the environment, governmental assistance, expansion of the furniture industry, and overall economic growth.
How Will the Wood Preservatives Market Size Evolve From 2025 to 2029?
In the upcoming years, the wood preservatives market is projected to witness solid expansion, growing to a worth of $2.86 billion by 2029 with a compound annual growth rate (CAGR) of 7.9%. The expansion in the estimated period can be credited to factors such as the increase in urbanization, growth in the marine industry, understanding of wood deterioration, investments in research and development and rise in disposable income. Noteworthy trends for the estimated period consist of the eco-friendly sourcing of wood, personalized solutions, digitization and monitoring, water-based preservatives, and collaboration and partnerships.
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What Are the Main Growth Drivers in the Wood Preservatives Market Today?
The market growth for wood preservatives is anticipated to be driven by a rising demand for wood in diverse applications over the projected period. The global demand for wood products is escalating due to population growth and industrialization. Wood, being a plentiful source for energy, housing, firewood, timber, and fodder, sees its demand heightened from numerous applications including construction, pulp and paper, furniture, among others. For example, the Observatory of Economic Complexity, a US-based digital platform for visualizing and analyzing global trade data, showed that Australia's imports of wood and wood articles escalated to $2.47 billion in 2022, up from $2.41 billion in 2021. Therefore, the increasing demand for wood across various applications fuels the demand for wood preservatives, in turn, propelling the market forward.
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Which Wood Preservatives Market Segment Is Expected to Lead Through 2029?
The wood preservatives market covered in this report is segmented -
1) By Formulation: Water Based, Solvent Based, Oil Based
2) By Application: Cabinets and Decks, Doors & Windows, Wood Flooring, Railroad Ties, Other Applications
3) By End User: Residential, Commercial, Industrial
Subsegments:
1) By Water Based: Copper-Based Preservatives, Borate Preservatives, Fungicides And Insecticides
2) By Solvent Based: Oil-Based Preservatives, Organic Solvent Preservatives
3) By Oil Based: Creosote, Pentachlorophenol (PCP), Linseed Oil-Based Preservatives
Which Market Trends Are Expected to Dominate Wood Preservatives Industry Growth?
Key industry members in the wood preservatives market are directing their focus towards the development of high-tech wood preservative products, a primary trend in this sector. Bearing in mind the environmental guidelines and legislations, these manufacturers are striving to produce natural or environmentally-friendly wood preservatives to reduce environmental harm. For instance, Arxada, a US chemical production company, in March 2024, introduced Tanasote S40. This product, which is a copper-oil substitute for creosote, is recognized as a wood preservative in 23 European nations. This cutting-edge solution boosts sustainability in the industrial wood protection sector, backed by a published Life Cycle Analysis and consistent investment in Environmental Product Declaration (EPD). Designed for user convenience, Tanasote-treated wood promises an extended lifespan of up to 40 years and has minimal odor. Its effectiveness has been confirmed through successful commercial demonstrations in agricultural fencing, utility poles, and railway sleepers.
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Which Companies Hold the Largest Market Share in the Wood Preservatives Sector?
Major companies operating in the wood preservatives market include BASF SE, Advanced Agriresearch Limited, Borax Inc., Buckman Laboratories International Inc., Cooper Care Wood Preservatives Inc., Januaryssen Global Services LLC., Jubilant Life Sciences, KMG Chemicals Inc., Koppers Inc., Kurt Obermeier GmbH & Co. KG, Lanxess AG, Lapeyre SA, Lonza Group, Nisus Corporation, Osmose Inc., Quality Borate LLC., Remmers Gruppe AG, Troy Corporation, Arbolito SA, Chemonit SA, Chomarat Group, Dolphin Bay Chemicals Ltd., Draslovka Holding B.V., EcoWood Ltd., Jyoti Chemicals, Kop-Coat Inc., Rotho Blaas GmbH, Rütgers Organics GmbH, Safeguard Europe Ltd.
Where Is the Wood Preservatives Market Experiencing the Highest Growth?
North America was the largest region in the wood preservatives market in 2024. This region is expected to continue to be the fastest-growing region in the wood preservatives market report during the forecast period. The regions covered in the wood preservatives market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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