Wood Preservation Chemicals Market - Global Industry Analysis Stay Higher in the Foreseeable Future

With the continual rise in investments in infrastructure, the opportunity for the wood preservation chemical producers is anticipated to increase considerably in the coming years. According to Transparency Market Research (TMR), the market’s opportunity, which was worth US$1.6 bn in 2014, is estimated to increase at a CAGR of 3.40% during the period from 2015 to 2023 and reach US$2.15 bn by 2023. During the same period, the market is anticipated to expand at a CAGR of 3.0% in terms of volume.

Thanks to the rapid industrialization across the world, the demand for wood preservation chemicals is witnessing a steady rise. The rising construction industry, supported by heavy investments for infrastructural developments, is opening new avenues for the growth of this market. The increasing construction of residential and commercial buildings, educational institutes, and healthcare centers are leading to an augment in the demand for wood products and ultimately creating a huge demand for wood preservative chemicals.

Browse Market Research Report @ http://www.transparencymarketresearch.com/wood-preservation-chemicals.html

Asia Pacific to Continue its Leading Streak

The worldwide market for wood preservation chemicals spreads across North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Asia Pacific, among these, led the overall market in 2014 with a share of 36.6% and was closely followed by North America with a share of 29.6%. The rapid rise in construction activities and fueled the demand for wood and, consequently, wood preservation chemicals in Asia Pacific. The growth in the wood furniture business is also adding considerably to the demand for these chemicals in Asia Pacific. China has emerged as the key consumer as well as producer of wood preservation chemicals in this region.

Going forward, the strengthening economy in Asia Pacific is likely to boost infrastructural development in this region, creating significant demand for wood products. This, in turn, is projected to increase the production as well as utilization of wood preservation chemicals in Asia Pacific over the forthcoming years. Analysts at TMR predict this region to remain dominant in terms of production as well as consumption of wood preservation chemicals during the period between 2015 and 2023. Other regional markets are also anticipated to witness steady rise in the demand for these chemicals in the near future.

Make an Enquiry @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1113

Demand for Water-borne Preservatives to Remain High

Light organic solvent preservatives, oil-borne preservatives, water-borne preservatives, and fire retardants are the key wood preservation chemicals utilized in various applications. Among these, water-borne preservatives witness the strongest demand, trailed by oil-borne preservatives.

In 2014, the water-borne preservative segment accounted for a share of 67.3%. TMR predicts that this segment will continue to lead in the near future. Chromated Copper Arsenate (CCA), Copper Azole (CA), Alkaline Copper Quaternary (ACQ), and borates are the key types of water-borne preservatives available across the world.

The global market for wood preservation chemicals is mainly driven by Koppers Holdings Inc., Lanxess AG, Lonza Group Ltd., and Rütgers Group, which collectively held a share of nearly 50% in this market in 2014. Other prominent players in this market are BASF Wolman GmbH, KMG Chemicals, Rio Tinto Minerals, Kop-Coat Inc., Kurt Obermeier GmbH & Co. KG, Viance LLC, and Janssen Preservation & Material Protection.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us:-

Transparency Market Research

90 State Street, Suite 700, Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

Visit Blog: http://marketresearchreports2017.blogspot.in

This release was published on openPR.