The global wood preservation chemicals market is expected to experience steady growth owing to increasing demand for wood preservation. The rise in constructions operations, particularly across the developing regions is projected to compliment the wood preservation chemicals' market growth over the forecast period.
Wood preservation chemicals are used to protect wooden products from decaying, decomposition, fire or other hazards. These chemicals increase life span by restricting attacks from insects, bacteria and fungus. Wood preservation has gained critical importance in the recent years owing to stringent regulations that limit wood usage. Wooden products are protected by chemicals and several treatment methods that elongate their operational life and lower maintenance cost.
Wooden furniture is used in homes, offices, hotels, school, colleges and several others. Its usage to develop premium furniture has witnessed a rise in the recent years. Such an increase in demand for wooden furniture is presumed to complement the wood preservative chemicals market over the forecast period. Wooden furniture accounts for a significant share in the furniture industry. Durable furniture industry growth is expected to have a positive impact on the wood preserving chemicals market in the next few years. It plays a key role during the construction process for buildings. The rise in construction expenditure is presumed to increase the demand for wood, which in turn is expected to assist the industry over the forecast period. Growing population and rapid development growth, particularly in the developing regions are presumed to be essential factors that are supposed to aid the sector over the next few years
There are multiple applications which can be categorized as commercial, industrial and domestic. The commercial uses include fencing, railroad products, public infrastructure and decking applications. Industrial applications are spread across a diverse range of industries. Rapid industrialization is presumed to boost further the demand for this market. Domestic applications include furniture & flooring, art & decoration, sports equipment, construction and music instruments. Growth in these sectors is projected to propel further the demand for preservatives.
Growth in alternative materials sectors such as wood-plastic composites, steel, iron, and plastics which possess high durability and need less maintenance are presumed to be a major limiting factor for this industry. These substitutes are anticipated to reduce wood usage across the end-use industries and negatively impact the wood preservative chemicals market. The demand for protective coatings dominated the wood protection industry in recent past and is presumed to show a similar trend over the forecast period. The industry is matured and displays minimum space for new industry entrants. The majority of the dominant preservatives was developed several decades ago. Stringent regulations severely restricted wood usage across the end-use industries. Such an industry trend is presumed to impact the wood preservation chemicals market over the forecast period adversely.
Major product categories include water-borne, oil-borne, and light organic solvents. These preservatives are employed across the end-use industries for wood. Prominent raw materials which are used to produce these chemicals include copper, arsenic, coal tar, chromium, and boron.
The wood preservation chemical industry can be segmented based on regions as North America, Europe and Asia Pacific, Central & South America and the Middle East & Africa. Developed economies including North America and Europe dominated the global market in the recent past and are estimated to follow a similar trend over the forecast period. Developing region such as Asia Pacific and Central & South America are expected to witness robust demand for such chemicals over the forecast period. North America accounted for the highest market revenue over the recent years owing to factors such as technological developments, and strategic initiatives were undertaken by the industry participants. The rise in demand for better and improved products is presumed to complement the market growth. Asia Pacific region is expected to witness rapid growth over the next seven years due to factors such as a rise in construction activity and lenient regulatory framework related to wood usage.
The companies are taking active measures to penetrate the market and increase their production capacity with an aim to gain a better foothold in the market. Prominent industry participants include BASF SE, KMG Chemicals Inc., Kop-Coat Incorporated, Lapeyre SA, Rio Tinto Borax, Viance LLC., Janssen Preservation and Material Protection, Kurt Obermeier GmbH & Co. KG, Lonza Group Ltd., RUTGERS Organic, and Osmose Inc.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure.
"The quality of research they have done for us has been excellent."
The prevailing pandemic situation has led to weakened demand for paints and coatings in automotive, construction, electronics, and white goods. The path to recovery of growth for the industry is highly dependent on the duration of restrictions imposed and their influence on economic activity across the globe. Contrary to the trend prevalent in the industry in general, certain segments of the market such as antimicrobial coatings are witnessing a surge in demand in healthcare and food industries. The report will account for Covid19 as a key market contributor.