Wood Preservatives Market- Potential Growth, Share, Demand and Analysis of Key Players

Wood preservatives are chemicals that are used to protect the wood from decay, rot, and insect infestation. These products contain active ingredients such as copper, borate, and other fungicides, which are formulated to penetrate into the wood and protect it from the elements. Wood preservatives are used to treat outdoor structures such as decks, fences, and outdoor furniture, as well as for interior projects such as floors and trim work.

Th global?wood preservatives market?size is to grow by USD 1.7 billion through 2025, at a CAGR of 5.1% during the forecast period. The market is witnessing moderate growth, owing to increasing application, infrastructural development, and growing demand for these wood preservatives in the Asia Pacific, North America, and Europe. Wood preservatives are largely used in residential & commercial applications. The increasing use of wood preservatives in residential, commercial and rising construction activities is driving the wood preservatives market.

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Wood Preservatives Market- Key Driving Factors

1. Growing demand for wood preservatives in construction applications: One of the major driving factors for the wood preservatives market is the increasing demand for wood preservatives from the construction industry. The growing demand for wood preservatives in the construction industry can be attributed to the growing demand for wood in outdoor applications such as decking, siding, railings, pergolas, and fences.

2. Increasing demand for wood preservatives for furniture applications: The growing demand for wood preservatives from the furniture industry is another factor driving the market. The growing demand for wood preservatives in the furniture industry is due to the growing demand for wood furniture that has been treated with wood preservatives to protect it from weathering and pest infestation.

3. Growing environmental concerns:?Another factor driving the wood preservatives market is growing environmental concerns about the use of hazardous chemicals in wood preservatives. Concerns about the use of hazardous chemicals in wood preservatives have increased demand for environmentally friendly wood preservatives.

"The water-based wood preservatives formulation segment is expected to register the highest CAGR"

Among the different types of wood preservatives, the water-based wood preservatives segment is the largest type during the forecast period in the global wood preservatives market. The demand for water-based wood preservatives is driven by its increased usage in various applications such as residential, commercial and industrial.?

"The residential & commercial industry is expected to register to lead"

The residential & commercial industry will continue to lead the wood preservatives market. This was due to the increasing demand of wood in home interiors and decking. The growing use of treated wood for interiors of residential constructions is expected to increase the demand for wood preservatives in residential applications.?

"North America is expected to hold the largest market share"

With increased construction activity in countries such as the United States, Canada, and Mexico, the use of wood preservatives in the North American region is increasing. The growing demand for wood preservatives in the building and construction sectors, as well as the furniture industry, is driving the North American wood preservatives market. The growing demand for wood preservatives to improve the longevity of wood-based products is also expected to drive growth in the North American wood preservatives market. Furthermore, the US Environmental Protection Agency's (EPA) stringent regulations for the safe use of wood preservatives in the region are expected to drive the market. Furthermore, the increasing use of wood preservatives in the residential sector to protect the exterior of homes from moisture, sun, insects, and decay is expected to fuel market growth in the region.

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The leading global wood preservatives manufacturers are Koppers Inc. (US), 龙沙 (Switzerland), 朗盛 (Germany), Cabot Microelectronics (US), 巴斯夫 Wolman (Germany), Troy Corporation (US) and others. The wood preservatives market’s competitiveness is continuously increasing with its growing demand, especially in the eco-friendly wood preservatives chemicals.?

Koppers (US) is one of the major players operating in the wood preservatives market. In 2021, Koppers plans to expand the copper naphthenate wood preservative market. The company offers range of wood preservatives which has distinctive product and termite resistance. A strong regional presence is its major strength. The company also has a strong R&D team that helps it introduce new and improved products. According to the company’s strategy, its focus is on customer service excellence and reliability, which has been a keystone of its rapid and successful growth in the North American, European, and APAC regions.?

Lonza (US) is the second-largest player of the wood preservatives market, globally. Lonza (US) sells wood preservatives under the brand name, Antiblu, Tetratek, Tenamix, Vacsol, Tenalith, Canopy, Antichecking, Enseal, Tenacare and Tenacoat. The company has geographical presence in North America, Latin America, Europe, Asia Pacific, and Africa. The company focuses on research and development to enhance product portfolio. This preservative is used to treat fencing, cladding, and landscaping timbers. The company offers wide product portfolio with Lonza’s global network to strengthen its geographical presence.