Growing Use of Wood in Residential and Commercial Construction Continues to Drive Demand for Wood Preservative Chemicals

Global market for Wood Preservative Chemicals is projected to reach US$2.6 billion by 2025, driven by the increasing use of wood and wood products in construction industry, and the subsequent need to protect wood against deterioration. Wood is among the most indispensable natural resources, and plays a vital role in a variety of human activities including construction of buildings and furnishing interiors. As an important and economical construction and building material, wood is used in a wide range of indoor and outdoor applications in residential, commercial and industrial sectors. However, with wood prone to decay and decomposition and also at risk from fire, wood preservation products including chemicals are used for protecting wood and wood products against attack by bacteria, fungus or insects, and prolonging its life.

Global market for wood preservative chemicals continues to be driven by the rising demand for wood and wood-based products from varied applications and the need to protect wood against degradation and infestation by termites, molds and fungus among others. Rising awareness about the advantages of wood preservation methods in enhancing durability and increasing service life of wood products also contributes to the market growth. Driven by the sustained demand for wood from households and commercial and industrial sectors, the wood preservative chemicals market is expected to grow at a stable rate in the coming years. The intensifying residential and commercial construction activity, rapid pace of industrialization and increasing investments in infrastructure development projects by government agencies as well as private organizations are expected to drive demand for wood products and enhance demand for wood preservative chemicals. In developing economies in particular, governments are focused on building affordable housing and constructing educational institutions and healthcare centers. With infrastructure projects expected to stir up demand for wood and wood-based products, there will be a significant increase in demand for wood preservative chemicals.

The wood preservative chemicals market is also being fostered by the development of improved variants of acrylic-based wood preservatives that come with promise of improved performance. Rising awareness about the adverse effects of wood preservatives emitting high VOCs, such as solvent-borne systems, is leading to the adoption of low-VOC alternatives such as water borne, radiation cured and powder wood coatings. Also, the implementation of strict government regulations pertinent to the use of synthetic wood preservatives is driving the shift towards eco-friendly chemicals.

As stated by the new market research report on Wood Preservative Chemicals, the United States represents the largest market worldwide, due to the extensive use of these chemicals in both residential and commercial applications. Construction industry continues to support the growth of wood preservation market in the US, since wood is widely used in the construction of railroad crossties, wooden foundations, shelters, walkways, sound walls and bridges, among others. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 6% during the analysis period, led by the increase in construction and industrial activity and the subsequent rise in demand for wood. Favorable economic environment and rising disposable incomes of people are contributing to high sales of wood and wood-based products in the region. Another major growth opportunity for Asia-Pacific emerges from the increased focus on infrastructure development projects, which is generating demand for wood products and wood preservative chemicals.

Major players in the market 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 - Market Analysis, Trends, and Forecasts” 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 North America, Europe, Asia-Pacific, Middle East, and Rest of World.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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