Introduction of the Wood Preservatives Market Report

Wood preservative products help prevent or eradicate wood problems; for example, molds, fungal rot, and wood-destroying insects, which can destroy the wood. Food tolerant wood preservatives also provide support to pallets, stakes, and wooden crafts etc. These preservatives are used in the industrial and commercial sectors. It makes wood water repellent and delay wood rot. Thus global wood preservatives market has a wide range of residential, commercial, and industrial applications.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the growth of the global wood preservatives market include strategic initiatives by governmental bodies, such as an initiative launched by the Canadian government for wood preservation that included technical recommendations for wood preservation. Another investment by the U.K. government, amounting to US$ 7.09 billion, aimed to focus on the infrastructural development that is further surging the demand for wood. These strategic initiatives by the governmental bodies in different geographical nations and continuous technological advancements are boosting the market’s growth. For instance, Koppers continuously develop new materials such as copper azoles, borates, copper naphthenate etc.

Supporting guidelines by the government for the use of novel technology for preserving wood will be an opportunity for the market. With the robust growth observed in the infrastructure and industrial sector globally, the demand for wood stabilizers has immensely increased. For instance, the structural investment has increased by 6.5% of GDP over the developing regions like Asia-Pacific. The shift in consumer preference towards eco-friendly wood preservatives is another factor driving the market growth. For instance, Ammonium Copper Quaternary is a newly registered compound that is now used extensively for wood preservation. It is basically used in the wood preservation and treatment process, such as in structural timber and agriculture poles.

Restraint in the Wood Preservatives Market

However, increasing the use of natural wood products for wood preservation is the new trend in the market that can hamper growth. For instance, an article published by Redalyc supports the statement that plant extract can be used in rural areas where preservatives are not affordable. Moreover, the limited availability of wood is another factor that may hamper the growth of the market over the forecast period.

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Formulation – Segment Analysis

Based on the Formulation, the wood preservative market is segmented into a water-based wood preservative, solvent-based wood preservative, and oil-based wood preservative. Among all water-based wood, the preservative is expected to dominate the market due to the increasing need for water-based wood preservation for fencing, landscaping and other applications as water-based wood preservative dry’s quickly and is environment friendly.

Application – Segment Analysis

Based on the Application, the wood preservative market is segmented into residential, commercial, and industrial. Among all the segments, residential is anticipated to grow at a higher CAGR due to the increasing number of government’s strategic initiatives related to wood preservatives’ application. For instance, the Canadian government expanded the capacity for wood preservation to fulfil the market’s demand.

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Regional – Segment Analysis:

Based on the region, the North America region is expected to dominate the global wood preservatives market due to increased wood usage in residential and other end uses. Major players like RUTGERS, Bostik, Quality Borate, LLC have a strong presence in North America and help the region maintain its major pie among all other regions. Furthermore, heavy investments for development and infrastructure has spiked up the growth of the construction industry. The Europe region is witnessed to grow at a higher CAGR in the global wood preservatives market. The European government supports the construction industry from the impact of COVID-19, which will upsurge the demand for wood, and thus, the need of preservatives will proportionally increase.

Top Market Players

Various notable players operating in the market include Koppers Inc., Lonza, LANXESS, CMC MATERIALS, BASF SE, Quality Borate, LLC. Avadata Organics Pvt. Ltd., Nisus Corporation, OBERMEIER, and Remmers among others. 

Key Developments:

• • In 2019, LANXESS, acquired Itibanyl Produtos Especiais Ltda, which is one of the major producers of biocide. This acquisition helped the company to enhance the product portfolio and increased in sales.

Segments covered in the Report:

The global Wood Preservatives market has been segmented based on formulation, application, and regions. Based on Formulation, the market is segmented into water based wood preservative, solvent based wood preservative & oil based wood preservative. Based on Application, the market is segmented into Residential, Commercial & Industrial. 

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Key questions answered in this research report:

• • At what pace is global wood preservatives market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in wood preservatives market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Wood Preservatives market?
  • Which formulation generated maximum revenues in 2019 and identify the most promising F=formulation during the forecast period?
  • What are the various application areas of global Wood Preservatives market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Formulation, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Koppers Inc., Lonza, LANXESS, CMC MATERIALS, BASF SE, Quality Borate, LLC., Avadata Organics Pvt. Ltd., Nisus Corporation, OBERMEIER, Remmers, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Wood Preservatives Market by Formulation

• • Water Based Wood Preservatives
  • Solvent Based Wood Preservative
  • Oil Based Wood Preservative

Global Wood Preservatives Market by Application

• • Residential
  • Commercial
  • Industrial

Global Wood Preservatives Market by Region

• • North America Wood Preservatives Market (Option 1: As a part of the free 25% customization)
    • North America Market by Formulation
    • North America Market by Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Wood Preservatives Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Formulation
    • Europe Market by Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Wood Preservatives Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Formulation
    • Asia-Pacific Market by Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Wood Preservatives Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Formulation
    • RoW Market by Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Wood Preservatives (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Koppers Inc.
  • Lonza
  • LANXESS
  • CMC MATERIALS
  • BASF SE
  • Quality Borate, LLC.
  • Avadata Organics Pvt. Ltd.
  • Nisus Corporation
  • OBERMEIER
  • Remmers