The Global Market for Wood Preservative Chemicals is Projected to Reach US$2.6 Billion by 2022

Increasing Preference for Wood Based Architecture Against the Backdrop of a Recovering Global Construction Industry Drives Demand for Wood Preservative Chemicals, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Wood Preservative Chemicals market. The global market for Wood Preservative Chemicals is projected to reach US$2.6 billion by 2022, driven by the growing use of wood in construction, given its rising popularity as a sustainable, renewable building material with the lowest carbon footprint and the highest positive impact on comfort and emotional well-being.

Wood is rapidly becoming an essential part of building construction and architecture. Wood adds beauty and elegance to building interiors and exteriors, and is widely perceived as being environmentally friendly, capable of exerting positive physiological and psychological influence on building inmates and occupants in addition to improving indoor air quality. Since wood is prone to decay and decomposition and also at risk from fire, preservatives are used to protect wood against attacks by bacteria, fungus or insects, and hence prolonging its life. A variety of wood preservative chemicals are used for protecting and preserving wood. Wood preservative chemicals, which are solvents based on organic or petroleum sources, can be applied or sprayed on the wood to improve and maintain quality of wood. Globally the use of wood preservative chemicals is subject to environmental policies, legislations and climatic conditions. Further, economic environment and trends in various end-use markets such as construction, woodworking/furniture, and transportation in various regional markets play a vital role in determining demand dynamics for wood preservative chemicals. The market is witnessing stable growth, led by the sustained increase in wood usage in applications such as furniture, decking, marine piling, utility poles and fencing, among others. In the residential sector, use of wood is influenced by changing consumer lifestyles and rising preference for higher value wood products. Future growth in the market will be driven by the increased focus on renovation and remodeling initiatives, recovering construction activity in developed and developing economies alike, rapid pace of industrialization and increasing investments in infrastructure development projects by government agencies as well as private organizations.

As stated by the new market research report on Wood Preservative Chemicals, the United States represents the largest market worldwide supported by the traditional dominance of wood in American architecture. Asia-Pacific is forecast to grow at the fastest CAGR of 5.8% over the analysis period, led by rapid urbanization and rise in commercial housing activity; industrialization and increase in industrial construction; cultural significance of wooden craft and interior ornamentation in Asia; rising standards of living, increasing disposable income and growing investments in premium wooden furniture among the growing base of affluent middle class population with aspirational lifestyle goals.  

Major players covered in the report include Borax Inc., BASF Wolman GmbH, Janssen PMP, KMG Chemicals Inc., Kop-Coat Inc., Koppers Inc., Kurt Obermeier GmbH & Co. KG, LANXESS AG, Lonza Group Ltd, RÜTGERS Organics GmbH and Viance LLC, among others.

The research report titled “Wood Preservative Chemicals: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. The US market for Wood Preservative Chemicals is additionally analyzed by the End-Use Applications – Decking, Landscape Products, Railroad Products, Utility Poles, Fencing and Others.

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