Wood Preservative Chemicals Market

SKU: DMCH628 | Last Updated On: Nov 11 2022 | Available Formats

> Global Wood Preservative Chemicals Market Expected to reach a high CAGR by 2029: DataM Intelligence

Global Wood Preservative Chemicals Market is segmented By Formulation Type (Water-Based Wood Preservative, Solvent-Based Wood Preservative, Oil-Based Wood Preservative), By Application (Industrial, Residential, Commercial), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Wood Preservative Chemicals Market Size Growth Opportunity Insights

[195 Pages Report] The Global Wood Preservative Chemicals Market is expected to grow at a high CAGR during the forecasting period (2022-2029)

Wood Preservatives are chemicals that are used to increase the durability and resistance of wood, timber, wood structures, or engineered wood by protecting them from the attack of insects (termites) and fungus. One of the most popular wood treatment chemicals is Chromated copper arsenate (CCA). These chemicals are inert within the material and offer protection from moisture and decay fungi. The chemicals do not penetrate the heartwood effectively, so a sealer is advisable on cut ends of CCA-treated wood. All pressure-treated products require adherence to safety precautions approved by the EPA. EPA regulations govern the manufacture of pressure-treated materials and require extensive environmental safety precautions. Wood treatment does offer a method to extend the usable life of our wood resources.

North America accounted for the utmost market revenue during the period due to aspects such as technological growth, and strategic advantages assumed by the market contributors. The increase in demand for enhanced and improved products is supposed to complement the market growth. Asia Pacific region is predictable to eyewitness fast growth over the following coming years owing to elements such as an increase in construction activities and a lenient controlling framework related to the wood procedure.

Metrics

Details

Market CAGR

High

Segments Covered

By Formulation Type, By Application, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Market Drivers

Improvised versions of acrylic-based wood preservatives with enhanced performance characteristics are driving the global wood preservation chemical market.

For instance, Dow offers self-crosslinking acrylic and acrylic-polyurethane resins for water-borne wood finishes. Water-borne self-crosslinking acrylic resins offer vital benefits such as rapid development of chemical resistance, high durability, low VOC emission, and quicker release of coalescence on blending with polyurethane dispersions.

Market Restraints

Growing awareness about the negative impact of wood preservatives, such as solvent-borne systems that emit high levels of VOCs, has led to the adoption of alternative, low-VOC products such as water-borne, powder, and radiation-cured wood coatings.

Stringent regulations in regions such as North America and Western Europe have encouraged the development of novel products with negligible VOC content. Declining demand for solvent-borne wood coatings in these regions is a significant challenge for vendors.

Industry Analysis

By Formulation Type

The global wood preservative chemical is segmented based on formulation type which includes a water-based wood preservative, solvent-based wood preservative, and oil-based wood preservative.

Water-based wood preservative accounts for a significant market because it has low VOC content. Copper-based preservative chemicals are mostly water-based.

Creosote an Oil-based chemical is restricted in some regions of North America, and Europe. Hence, oil-based chemicals have less share in the market compared with other segments.

By Geography

North America is the largest market for wood preservative chemicals due to the increase in the use of wood preservative chemicals for residential and commercial applications.

The United States construction market is expected to grow 5% in 2018, a little higher than in 2017. Single-family will experience the most growth at 9%, and Multi-family will start its decline with a 1% drop. Education and Public Buildings will both grow by 6%, leading to the 4% increase that will be seen with Non-Residential.

Governments and private sectors across North America are investing in infrastructure facilities. Construction of residential buildings, healthcare centers, and educational institutes leads to the demand for wood, and ultimately it drives the need for wood preservative chemicals.

Manufacturers

The market for wood preservatives is highly competitive with local and international players. The market is moderately consolidated. The major international players such as BASF SE, Lanxess, and Lonza group are leading the market. Additionally, international players are showing interest in acquiring local companies to expand their footprint.

For instance, In April 2018, Koppers Inc. signed an agreement to acquire, Cox Industries, Inc. for USD 200 million. The transaction creates a leading utility pole and wood treatment producer and advances Kopper’s strategy of being a vertically integrated, high-value global supplier of wood-based technologies to infrastructure markets.

In February 2017, BASF launches five Tinuvin products, i.e. Tinuvin 123-DW (N), Tinuvin 400-DW (N), Tinuvin 477-DW (N), Tinuvin 9945-DW (N), and Tinuvin 5333-DW (N), a new generation of aqueous light stabilizers, which meet the increasing requirements in the field of potentially critical ingredients. These new products were developed for water-based systems and did not contain methylisothiazolinone (MIT).

Trending Topics

Cosmetic Preservatives Market

Food Preservatives Market 

FAQ

What is the Growth Rate of the Wood Preservative Chemicals Market?

Grow at a high CAGR during the forecasting period (2022-2029).

Which Companies Are Included in the Wood Preservative Chemicals Market?
BASF SE, Lanxess, and Lonza group are leading the market.

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