Wood Preservatives Global Market To Reach Value Of Almost $2 Billion In 2025
28 Jul, 2021
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.
Global Wood Preservatives Market Size And Drivers:
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 growth in the wood preservatives market 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 market is expected to reach $1.78 billion in 2025 at a CAGR of 6.5%. Increasing demand for wood in various applications is expected to drive the market growth of wood preservatives during the forecast period.
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Trends In The Global Wood Preservatives Market
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 are 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. For instance, UltraPole NXT, developed by Viance, was awarded with R&D 100 2020 Award for its sustainable solution. The active ingredient DCOI (4,5-Dichloro-2-n-octyl-4-isothiazolin-3-one) does its job as a highly effective wood preservative. DCOI that enters the environment degrades rapidly.
Global Wood Preservatives Market Segments:
The global Wood Preservatives market is further segmented based on formulation, end user, application and geography.
By Formulation: Water Based, Solvent Based, Oil Based
By End User: Residential, Commercial, Industrial
By Application: Cabinets And Decks, Doors & Windows, Wood Flooring, Railroad Ties, Others
By Geography: The global wood preservatives market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the wood preservatives market in 2020.
Read More On The Report For The Global Wood Preservatives Market At:https://www.thebusinessresearchcompany.com/report/wood-preservatives-market-global-market-report
Wood Preservatives Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides wood preservatives market overviews, analyzes and forecasts market size and growth for the global wood preservatives market, wood preservatives market share, wood preservatives market players, wood preservatives market segments and geographies, wood preservatives market’s leading competitors’ revenues, profiles and market shares. The wood preservatives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.