Wood Preservative Chemicals Market - Global Industry Analysis and Forecast | 2025
The
key players that are at the forefront of competition in the global
wood preservative chemicals market are BASF SE, Koppers Inc., Lonza
Group, Lanxess, Troy Corporation, Safeguard Europe Ltd., Rütgers
Organics GmbH, Rio Tinto Borates, and Kurt Obermeier GmbH.
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As
per estimates of Transparency Market Research, the global wood
preservative chemicals market was worth US$1,663.2 mn in 2016.
Expanding at a CAGR of 3.7% between 2017 and 2025, the market is
expected to attain a value of US$2,284.2 mn by 2025.
Fewer
Detrimental Impact on Environment Favors Use of Waterborne Wood
Preservative Chemicals
The
product type segments of the global wood preservative chemicals
market considered in this study are chromated arsenicals, creosote,
copper based, zinc based, and others. Copper based is one of the key
segments in the market as they are less toxic and display high
efficiency.
Waterborne
chemicals amongst other segments based on technology currently leads
the wood preservative chemicals market as they have lower VOC
emissions.
The
major application segments of the wood preservative chemicals market
that are in the scope of this report are construction, furniture and
decking, marine, and others. The others application segment led
amongst other end-use segments in the wood preservative chemicals
market in 2016 amounting to a total consumption of 215.1 kilo tons in
the same year.
Need
to Extend Life of Wood Products Drives Market
Amongst
few, the vital factor driving the global wood preservative chemicals
market is the use of wood preservative chemicals to prevent
degradation of wood and wood products. Wood products tend to spoil
over a period of time in terms of quality due to the infestation of
wood by termites, ants, fungi, and other microbes. Thus, wood needs
to be protected to prevent major damage. Therefore wood preservative
chemicals are used to protect wood and wood products from such
organisms and microbes.
The
booming construction industry globally has been instrumental in
driving the wood preservative chemicals market to new heights.
Developed countries that upgrade infrastructure frequently display
substantial demand for wood, which needs to be coated with wood
preservative chemicals to prevent degradation. This is benefitting
the wood preservative chemicals market.
Economic
growth in emerging economies is also stimulating the wood
preservative chemicals market. Industrialization and rapid
urbanization in these economies have been key factors for the
development of infrastructure which includes roadways, bridges, rail
networks, and shipping yards. These developmental projects require
wood in large volume that needs to be protected using wood
preservative chemicals to prevent major damage.
Another
key factor stoking growth of the wood preservative chemicals market
is rising economic prosperity in many parts of the world. Changing
lifestyle and increasing purchasing power especially in emerging
economies is leading to substantial spending on expensive wooden
furniture, artifacts, and decoratives to match their social status.
Individuals are also spending hefty amounts on doing the interior
decoration of their homes and workplaces, which requires a large
volume of wood. This wood-based decoration needs to be protected
using wood preservative chemicals that have a high risk of being
infested with termites, fungus, and other microbes.
On
the flip side, wood treated with preservatives can be hazardous in
certain situations which is challenging the growth of this market to
some extent.
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