December 27, 2019 by Johnson Paul
According to a new market research report published by Credence Research, Inc. “Wood Preservative Chemicals Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025,” the global market for wood preservative chemicals was valued at US$ 1.65 billion in 2016 and is expected to reach around US$ 2.53 billion by 2025, increasing to CAGR by 5.5 per cent from 2017 to 2025.
Wood preservatives are used to increase the life span of forests by controlling the decay of insects, bacteria, and fungi. Wood furniture has a significant share of the furniture industry, which has led to the demand for wood preservatives. The market for wood preservatives in the chemical industry is growing due to the strict rules that limit the use of wood. Wood is protected by the use of chemicals and numerous methods of treatment that extend their working life and reduce maintenance costs. The sustainable growth of the wood furniture industry is likely to have an optimistic impact on the wood preservative chemical market in the forecast period.
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/wood-preservative-chemicals-market
Wood preservative chemicals play a key role in the construction process of buildings. The increase in construction expenditure will indirectly increase demand for wood, which will also increase the demand for wood preservatives. Growing disposable incomes and rapidly developing economies, especially in developing regions, are the main drivers of market growth in the forecast period. Wood preservatives are used in decking, public infrastructure, railroad products, fences, construction, furniture & flooring, sports equipment, art & decoration, and musical instruments. Swift industrialization is expected to increase demand for the market for wood preservative chemicals.
The water-borne preservative segment was the largest segment of the global market for wood preservative chemicals in 2016. Water-based preservatives accounted for more than 65 percent of the global market for wood preservation chemicals in 2016. These preservatives are commonly used in all applications and offer better performance for residential and commercial applications. The demand for treated wood is driven by the growing disposable income of the population in emerging regions.
North America is the largest market for wood preservative chemicals due to technological developments and strategic initiatives undertaken by the members of the industry. North America is projected to continue to hold its leading position during the forecast period. The Asia Pacific and Latin America are projected to spectate the vigorous demand for wood preservative chemicals in the near future due to the increase in construction activity and the lenient regulatory framework associated with the use of wood.
Some of the major companies operating in the market include BASF SE, Janssen Preservative and Material Protection, KMG Chemicals Inc, Kop-Coat Incorporated, Kurt Obermeier GmbH & Co. KG, Lapeyre SA, Osmose Inc., Lonza Group Ltd., Rio Tinto Borax, RUTGERS Organic and Viance LLC., Osmose Inc.
You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/58785
Key research study highlights comprise:
The participants tracked for primary interviews include:
By Product Type
By End User Type
By Geography Segment