DUBLIN--(BUSINESS WIRE)--The "Wood Preservatives Global Market Report 2021: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
The global wood preservatives market is expected to grow from $1.28 billion in 2020 to $1.39 billion in 2021 at a compound annual growth rate (CAGR) of 8.8%. The market is expected to reach $1.78 billion in 2025 at a CAGR of 6.5%.
The growth is mainly due to the increasing demand for wood in different applications, rising demand for eco-friendly wood preservatives chemicals, rapid urbanization, growing construction industry supported by heavy investments for infrastructural developments, and growing awareness among consumers about wood preservatives.
The wood preservatives market consists of sales of wood preservatives by entities (organizations, sole traders, and partnerships) that manufacture wood preservatives that are used to protect the wood. Wood preservatives are chemicals that can control wood degradation problems due to fungal rot or decay, sapstain, molds, or wood-destroying insects. It is mainly used to increase the durability and resistance of wood, timber, wood structures or engineered wood.
The main types of formulations in the wood preservatives market are water based, solvent based, oil based. Water based preservatives are widely used for fence posts, lumber, plywood, poles, pilings, and timbers that prevents fungal decay and insect attack. Solvent based preservatives is composed of approximately 10% active ingredient and 90% organic solvent, which are usually white spirit or other petroleum based hydrocarbons.
Oil based or oil borne preservatives are generally insoluble in water, so they are dissolved in petroleum or other organic solvents to penetrate the wood. These are used by various sectors including residential, commercial, and industrial. Wood preservatives are used in cabinets and decks, doors & windows, wood flooring, railroad ties, and others.
North America was the largest region in the wood preservatives market in 2020. This region is expected to continue to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major players operating in the wood preservatives market are continuously investing in research and development (R&D) activities to manufacture eco-friendly wood preservatives which is a key trend in the wood preservatives market. Considering the environmental rules and regulations, the wood preservatives manufacturers are developing natural or eco-friendly wood preservatives so that they will be less harmful to the environment.
Increasing demand for wood in various applications is expected to drive the market growth of wood preservatives during the forecast period. Due to the increase in population and industrialization, the demand for wood products is growing across the globe. Wood is a rich source of energy, housing, firewood, timber, and fodder, therefore the demand for wood is improving from various applications such as construction, pulp and paper, furniture, and others.
Thus, the growing demand for wood in various applications increases the demand for wood preservatives, thereby driving the market.
Major players in the wood preservatives market are
- BASF Wolman
- Lanxess
- Lonza
- Kurt Obermeier GmbH & Co. KG
- Jubilant
- Troy Corporation
- Remmers Gruppe AG
- KMG Chemicals Inc.
- Koppers Inc
- Borax Inc.
- Dattashri Enterprises
- Janssen Global Services LLC.
- Cooper Care Wood Preservatives Inc.
- Lapeyre SA
- Advanced Agriresearch Limited
- Osmose Inc
- Nisus Corporation
- Quality Borate LLC.
- Buckman Laboratories International Inc.
Key Topics Covered:
1. Executive Summary
2. Wood Preservatives Market Characteristics
3. Wood Preservatives Market Trends and Strategies
4. Impact Of COVID-19 On Wood Preservatives
5. Wood Preservatives Market Size and Growth
5.1. Global Wood Preservatives Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Wood Preservatives Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. Wood Preservatives Market Segmentation
6.1. Global Wood Preservatives Market, Segmentation by Formulation , Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Water Based
- Solvent Based
- Oil Based
6.2. Global Wood Preservatives Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Residential
- Commercial
- Industrial
6.3. Global Wood Preservatives Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Cabinets and Decks
- Doors & Windows
- Wood Flooring
- Railroad Ties
- Others
7. Wood Preservatives Market Regional and Country Analysis
7.1. Global Wood Preservatives Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Wood Preservatives Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
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