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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.

As per the Wood Preservatives Market Global Forecast, Growing application of wood in furniture production and growing demand for environment-friendly wood preservatives will expand the market growth.

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. With the growing demand for residential projects globally, the demand for wood preservatives have increased, driving the wood preservatives market growth. The expansion of construction sector in the Asia-Pacific region, owing to the accelerating population and rapid urbanization has augmented the wood preservatives size. Furthermore, India will experience an investment of around USD 1.3 trillion in housing sector over the next seven years, during which nearly 60 million new homes will be constructed.

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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. In accordance with the Canadian Construction Association, the construction sector is the major contributor to the country’s economic success as it is one of the largest employers in Canada, contributing 7% of the country’s Gross Domestic Product (GDP).  Also, the government under its ‘Investing in Canada Plan’, announced an investment of nearly USD 140 billion for infrastructural developments in the country by 2028.

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 2021, Arxada, collaborated with Troy Corporation. This collaboration was the first strategic move by Arxada, since 2021, under which Troy’s owners will invest in the combined company.
  • In 2021, Viance entered in an agreement with A Meredith Schneider Company (AMS) and William C. Meredith Company (WCM) to produce and disburse UltraPole NXT poles treated with DCOI.
  • In 2020, Koppers decided to expand the copper naphthenate wood preservative market in order to extend its presence in wood preservation markets.
  • 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?

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)
    • By Formulation
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Wood Preservatives Market (Option 2: As a part of the free 25% customization)
    • By Formulation
    • 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)
    • By Formulation
    • 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)
    • By Formulation
    • 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