Overview
Wood Preservative Market is
forecast to reach $2.04 billion by 2025, after growing at a CAGR of 5.2% during
2020-2025. Growing demand for wood in different applications and increasing
awareness of wood preservative benefits has resulted in increased demand for
wood preservative. Additionally, advances in technology and increasing adoption
of environmentally friendly preservatives are some of the other factors that
boost market growth.
Report Coverage
The report: “Wood Preservative Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Wood Preservative Market.
Key Takeaways
- Increased use of wood for interior decoration, rapid urbanization in emerging countries and higher levels of consumer spending are some of the major drivers propelling the market growth.
- In the residential sector, wood preservatives are highly used to enhance the life of wood structures and wood decorations. The residential sector is thus growing more rapidly.
- North America dominated the wood preservatives market owing to the extensive usage of wood in the residential sector.
By Formulation - Segment Analysis
The water-based segment held the
largest share in the wood preservative market in 2019. Water-based wood preservatives
have superior properties compared to other formulations, including high
performance and long processing periods. During the forecast period, these
properties are expected to drive this segment. In the forecast period, these
properties are expected to drive this segment. Water based
preservatives are mostly used in residential commercial applications. It's
suitable for all applications. Compared to other formulations, this
preservative provides better environmentally friendly properties. Increasing demand
from emerging economies for water-based preservatives is high
Application Type - Segment Analysis
The residential application
segment exhibited the largest share of the global wood preservative market in
2019 and is growing at a CAGR of 4.9%. This is due to the increasing demand for
wood from the flooring and wooden furniture infrastructure market. In addition,
the increasing popularity of wood as a renewable and sustainable construction
material with the lowest carbon footprint has resulted in its widespread use in
the construction industry. This is another factor that is driving the growth of
the market.
Geography - Segment Analysis
In 2019, North America dominated
the market for wood preservatives, representing a share of 35%. This is due to
the extensive use of wood in the region's residential sector. In addition,
factors such as technological developments and industry participants '
strategic initiatives support the growth of the market
Asia-Pacific is witnessing the highest
growth rate over the forecast period. Growth in this region is attributed to
rising living standards, increased commercial housing, and increased industrial
construction in developing economies like China, India. For instance, according
to the G-20 Global Infrastructure Outlook, infrastructural investment is about
6.45% of GDP in developing countries like China. Thus, due to countries '
increased focus on infrastructure development, the market is expected to grow
at a steady rate. In addition, increasing investment in premium furniture
backed by rising living standards, especially among the middle-class
population, is expected to drive market growth in the region.
Drivers – Wood Preservative Market
- Increasing demand for wood preservatives due to a shift in consumer preference towards the use of eco-friendly wood preservatives
Demand for wood
preservatives is growing due to a shift in consumer preference to the use of
environmentally friendly wood preservatives. For instance, the new generation
compound Ammonium Copper Quaternary (ACQ) is widely used as an alternative to
the wood preservatives Chromated Copper Arsenate (CCA). ACQ is used in
agricultural poles and structural timber for wood processing. It helps to
improve the durability of the treated wood.
- Changing lifestyle and rising purchasing power lead to increased spending on home and office wood-based decoration.
Wood preservative demand benefits from an improved
economy, changing lifestyles, and increasing construction spending. Residential
and non-residential construction markets will see the fastest growth, boosting
progressive demand in applications such as decking, landscaping, lumber
framing, fire protection, and timber treatment. For applications such as
decking, utility poles, and marine piling, the non-building construction
industry will see healthy growth and lead to increased demand.
Challenges – Wood Preservative Market
- Increasing Restrictions on the use of synthetic wood preservatives and hazardous chemicals such as chromium and arsenic.
Environmental agencies ' bans on
the use of some wood preservatives such as CCA, creosote, and pentachlorophenol
in some applications which acts as a limitation on market growth. For
instance, Directive 2003/EC in Europe prohibits the use and marketing of
arsenic and CCA wood preservatives and the use of CCA treated wood in domestic
and residential buildings. This further restricts growth of the global wood
preservatives market.
- Availability of Substitutes
Growth in alternative materials
such as wood-plastic composites, steel, iron, and plastics that are highly
durable and require less maintenance is perceived to be a major limiting factor
for this market. Such substitutes are intended to reduce the use of wood across
end-use industries and have a negative impact on the market for wood
preservatives.
Market Landscape
Technology launches, acquisitions and R&D
activities are key strategies adopted by players in the Wood Preservative
Market. In 2019, the market of wood preservative has been consolidated by the
top five players accounting for xx% of the share. Major players in the Wood
Preservative Market are BASF Wolman GmbH, U.S. Borax Inc., Cooper Care Wood
Preservatives Inc., Dattashri Enterprises, Dolphin Bay, Janssen Pharmaceutica
NV, Jubilant Agri and Consumer Products Limited, KMG Chemicals, Koppers Inc.,
Kurt Obermeier GmbH & Co. KG., Lada Organics Pvt. Ltd., Lanxess AG, Lonza
Group and Quality Borate Company, among others.
Acquisitions/Technology Launches
- Tanalised launched "E Wood Treatment Plant" in January 2016, which helps to increase the demand for wood treatment in an environmentally friendly manner.
- In January 2016, Troy Corporation introduced a wet-state preservative Mergal GLT25 & GLT50 that provides protection in aqueous systems against bacteria and fungi. Mergal has a wide range of applications in applications for automotive and metalworking fluids.
LIST OF TABLES
1.Global Wood Preservative Market By Formulation Market 2023-2030 ($M)1.1 Water-Based Wood Preservative Market 2023-2030 ($M) - Global Industry Research
1.1.1 Copper-Based Waterborne Wood Preservative Market 2023-2030 ($M)
1.1.2 Non-Copper-Based Waterborne Wood Preservative Market 2023-2030 ($M)
1.2 Solvent-Based Wood Preservative Market 2023-2030 ($M) - Global Industry Research
1.2.1 Copper Naphthenate Market 2023-2030 ($M)
1.2.2 IPBC Market 2023-2030 ($M)
1.2.3 Synthetic Pyrethroids Market 2023-2030 ($M)
1.2.4 Pentachlorophenol Market 2023-2030 ($M)
1.3 Oil-Based Wood Preservative Market 2023-2030 ($M) - Global Industry Research
1.3.1 Creosote Market 2023-2030 ($M)
1.3.2 Oxine Copper Market 2023-2030 ($M)
2.Global Wood Preservative Market By Formulation Market 2023-2030 (Volume/Units)
2.1 Water-Based Wood Preservative Market 2023-2030 (Volume/Units) - Global Industry Research
2.1.1 Copper-Based Waterborne Wood Preservative Market 2023-2030 (Volume/Units)
2.1.2 Non-Copper-Based Waterborne Wood Preservative Market 2023-2030 (Volume/Units)
2.2 Solvent-Based Wood Preservative Market 2023-2030 (Volume/Units) - Global Industry Research
2.2.1 Copper Naphthenate Market 2023-2030 (Volume/Units)
2.2.2 IPBC Market 2023-2030 (Volume/Units)
2.2.3 Synthetic Pyrethroids Market 2023-2030 (Volume/Units)
2.2.4 Pentachlorophenol Market 2023-2030 (Volume/Units)
2.3 Oil-Based Wood Preservative Market 2023-2030 (Volume/Units) - Global Industry Research
2.3.1 Creosote Market 2023-2030 (Volume/Units)
2.3.2 Oxine Copper Market 2023-2030 (Volume/Units)
3.North America Wood Preservative Market By Formulation Market 2023-2030 ($M)
3.1 Water-Based Wood Preservative Market 2023-2030 ($M) - Regional Industry Research
3.1.1 Copper-Based Waterborne Wood Preservative Market 2023-2030 ($M)
3.1.2 Non-Copper-Based Waterborne Wood Preservative Market 2023-2030 ($M)
3.2 Solvent-Based Wood Preservative Market 2023-2030 ($M) - Regional Industry Research
3.2.1 Copper Naphthenate Market 2023-2030 ($M)
3.2.2 IPBC Market 2023-2030 ($M)
3.2.3 Synthetic Pyrethroids Market 2023-2030 ($M)
3.2.4 Pentachlorophenol Market 2023-2030 ($M)
3.3 Oil-Based Wood Preservative Market 2023-2030 ($M) - Regional Industry Research
3.3.1 Creosote Market 2023-2030 ($M)
3.3.2 Oxine Copper Market 2023-2030 ($M)
4.South America Wood Preservative Market By Formulation Market 2023-2030 ($M)
4.1 Water-Based Wood Preservative Market 2023-2030 ($M) - Regional Industry Research
4.1.1 Copper-Based Waterborne Wood Preservative Market 2023-2030 ($M)
4.1.2 Non-Copper-Based Waterborne Wood Preservative Market 2023-2030 ($M)
4.2 Solvent-Based Wood Preservative Market 2023-2030 ($M) - Regional Industry Research
4.2.1 Copper Naphthenate Market 2023-2030 ($M)
4.2.2 IPBC Market 2023-2030 ($M)
4.2.3 Synthetic Pyrethroids Market 2023-2030 ($M)
4.2.4 Pentachlorophenol Market 2023-2030 ($M)
4.3 Oil-Based Wood Preservative Market 2023-2030 ($M) - Regional Industry Research
4.3.1 Creosote Market 2023-2030 ($M)
4.3.2 Oxine Copper Market 2023-2030 ($M)
5.Europe Wood Preservative Market By Formulation Market 2023-2030 ($M)
5.1 Water-Based Wood Preservative Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Copper-Based Waterborne Wood Preservative Market 2023-2030 ($M)
5.1.2 Non-Copper-Based Waterborne Wood Preservative Market 2023-2030 ($M)
5.2 Solvent-Based Wood Preservative Market 2023-2030 ($M) - Regional Industry Research
5.2.1 Copper Naphthenate Market 2023-2030 ($M)
5.2.2 IPBC Market 2023-2030 ($M)
5.2.3 Synthetic Pyrethroids Market 2023-2030 ($M)
5.2.4 Pentachlorophenol Market 2023-2030 ($M)
5.3 Oil-Based Wood Preservative Market 2023-2030 ($M) - Regional Industry Research
5.3.1 Creosote Market 2023-2030 ($M)
5.3.2 Oxine Copper Market 2023-2030 ($M)
6.APAC Wood Preservative Market By Formulation Market 2023-2030 ($M)
6.1 Water-Based Wood Preservative Market 2023-2030 ($M) - Regional Industry Research
6.1.1 Copper-Based Waterborne Wood Preservative Market 2023-2030 ($M)
6.1.2 Non-Copper-Based Waterborne Wood Preservative Market 2023-2030 ($M)
6.2 Solvent-Based Wood Preservative Market 2023-2030 ($M) - Regional Industry Research
6.2.1 Copper Naphthenate Market 2023-2030 ($M)
6.2.2 IPBC Market 2023-2030 ($M)
6.2.3 Synthetic Pyrethroids Market 2023-2030 ($M)
6.2.4 Pentachlorophenol Market 2023-2030 ($M)
6.3 Oil-Based Wood Preservative Market 2023-2030 ($M) - Regional Industry Research
6.3.1 Creosote Market 2023-2030 ($M)
6.3.2 Oxine Copper Market 2023-2030 ($M)
7.MENA Wood Preservative Market By Formulation Market 2023-2030 ($M)
7.1 Water-Based Wood Preservative Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Copper-Based Waterborne Wood Preservative Market 2023-2030 ($M)
7.1.2 Non-Copper-Based Waterborne Wood Preservative Market 2023-2030 ($M)
7.2 Solvent-Based Wood Preservative Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Copper Naphthenate Market 2023-2030 ($M)
7.2.2 IPBC Market 2023-2030 ($M)
7.2.3 Synthetic Pyrethroids Market 2023-2030 ($M)
7.2.4 Pentachlorophenol Market 2023-2030 ($M)
7.3 Oil-Based Wood Preservative Market 2023-2030 ($M) - Regional Industry Research
7.3.1 Creosote Market 2023-2030 ($M)
7.3.2 Oxine Copper Market 2023-2030 ($M)
LIST OF FIGURES
1.US Wood Preservative Market Revenue, 2023-2030 ($M)2.Canada Wood Preservative Market Revenue, 2023-2030 ($M)
3.Mexico Wood Preservative Market Revenue, 2023-2030 ($M)
4.Brazil Wood Preservative Market Revenue, 2023-2030 ($M)
5.Argentina Wood Preservative Market Revenue, 2023-2030 ($M)
6.Peru Wood Preservative Market Revenue, 2023-2030 ($M)
7.Colombia Wood Preservative Market Revenue, 2023-2030 ($M)
8.Chile Wood Preservative Market Revenue, 2023-2030 ($M)
9.Rest of South America Wood Preservative Market Revenue, 2023-2030 ($M)
10.UK Wood Preservative Market Revenue, 2023-2030 ($M)
11.Germany Wood Preservative Market Revenue, 2023-2030 ($M)
12.France Wood Preservative Market Revenue, 2023-2030 ($M)
13.Italy Wood Preservative Market Revenue, 2023-2030 ($M)
14.Spain Wood Preservative Market Revenue, 2023-2030 ($M)
15.Rest of Europe Wood Preservative Market Revenue, 2023-2030 ($M)
16.China Wood Preservative Market Revenue, 2023-2030 ($M)
17.India Wood Preservative Market Revenue, 2023-2030 ($M)
18.Japan Wood Preservative Market Revenue, 2023-2030 ($M)
19.South Korea Wood Preservative Market Revenue, 2023-2030 ($M)
20.South Africa Wood Preservative Market Revenue, 2023-2030 ($M)
21.North America Wood Preservative By Application
22.South America Wood Preservative By Application
23.Europe Wood Preservative By Application
24.APAC Wood Preservative By Application
25.MENA Wood Preservative By Application
26.Koppers, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.BASF Wolman, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Lonza, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Troy Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Lanxess, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.KMG Chemicals, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Remmers, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Cooper Care Wood Preservative, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Rutgers Organics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Viance, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Janssen Pharmaceutica, Sales /Revenue, 2015-2018 ($Mn/$Bn)