The report is titled as ‘Wood Preservatives Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the wood preservatives market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Wood preservatives market is expected to grow at a significant rate in the near future.
The global wood preservatives market in 2020 is estimated for more than US$ 1.3 Bn and expected to reach a value of US$ 2.0 Bn by 2028 with a significant CAGR of 5.4%.
Wood Preservatives Market Definition
Wood is an integral part of the building as well as housing materials and is used during the manufacturing of furniture, doors, and flooring, etc. hence, its preservation is the main concern of this era that increases the demand for wood preservatives. Wood preservatives are the compounds that preserve and extend the life of wood, by preventing it from decay, fungi, rot, and other conditions. Wood preservation accounts to numerous chemicals like copper-based chemicals, coatings of oils, etc. each wood preservative has a unique property, and thus it has to use as per its properties and ability to withstand different environmental conditions.
Wood Preservatives Market Dynamics
Increasing per capita income and rapid urbanization are the prime factors that are propelling the growth of this market. However, the innovation of eco-friendly wood preservative chemicals coupled with the emerging technologies in this area is also fueling its growth. Factors, like, growing timber market and changing consumer perception with respect to wooden interiors are also fueling the demand for wood preservatives around the globe. However, the restrictions on plant cutting and applications of chemicals like chromium and arsenic may restrict the growth of this market.
Wood Preservatives Market Segmentation
The wood preservatives market is segmented on the basis of formulation, application, and region.
On the basis of formulation
• Water-Based Wood Preservative
o Copper-Based Waterborne Wood Preservative
o Non-Copper-Based Waterborne Wood Preservative
• Solvent-Based Wood Preservative
o Copper Naphthenate
o IPBC
o Synthetic Pyrethroids
o Pentachlorophenol
• Oil-Based Wood Preservative
o Creosote
o Oxine Copper
On the basis of Application
• Residential & Commercial
o Fencing
o Structural & Decking
o Landscaping
o Others
• Industrial
o Utility
o Railroad
o Others
Wood Preservatives Market Regional Overview
On the basis of region, the wood preservatives market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America wood preservatives market is expected to be the most dominating market throughout the forecast period.
However, the Asia Pacific region is expected to have the fastest growth in this market, owing to the changing standard of living and increasing commercialization and industrialization coupled with the increase in disposable income.
The wood preservatives market is expected to increase at a significant CAGR over the forecast period owing to the increasing investments across the globe, followed by the adoption of eco-friendly wood preservative chemicals and standard of living, especially for middle-class people.
Wood Preservatives Market Key Players
Wood preservatives market is mainly dominated by BASF Wolman GmbH, Borax Inc., KMG Chemicals Inc., Kop-Coat Inc., Koppers Inc., Kurt Obermeier GmbH & Co. KG, LANXESS AG, Lonza Group Ltd., and Remmers AG.
MMC Overview on Wood Preservatives Market Report
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.
A research report on the Wood Preservatives market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth include (but not restricted to):
• New product designs and launches
• Current product compliance
• Reimbursement
• Concerns for use of Wood Preservatives
• Advantages of Wood Preservatives
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at a regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make an informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
1. Global Wood Preservatives Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Wood Preservatives Market Overview
2.1. Introduction
2.1.1. Market Definition
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Wood Preservatives Market Snapshot
2.4. Global Wood Preservatives Market Size And Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Wood Preservatives Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Key Regulations
2.7. Porter’s Five Forces Model
3. Global Wood Preservatives Market, By Formulation
3.1. Introduction
3.1.1. Annual Growth Rate Comparison, By Formulation
3.1.2. BPS Analysis, By Formulation
3.2. Market Revenue (US$Mn) and Volume (Kilotons) Forecast, By Formulation
11.4. Africa Wood Preservatives Market, By Application
11.4.1. Residential and Commercial
11.4.1.1. Fencing
11.4.1.2. Structural & Decking
11.4.1.3. Landscaping
11.4.1.4. Others
11.4.2. Industrial
11.4.2.1. Utility
11.4.2.2. Railroad
11.4.2.3. Others
11.5. Africa Wood Preservatives Market Attractiveness Index
11.5.1. By Country
11.5.2. By Formulation
11.5.3. By Application
12. Recommendation
12.1. Market Strategy
13. Competitive Landscape
13.1. Competition Dashboard
13.2. List and Company Overview of Global Key Players
13.3. Company Profiles
13.3.1. BASF Wolman GmbH
13.3.1.1. Company Overview
13.3.1.2. Financial Overview
13.3.1.3. Product Portfolio
13.3.1.4. Key Developments
13.3.1.5. Business Strategies
13.3.2. Borax Inc.
13.3.3. KMG Chemicals Inc.
13.3.4. Kop-Coat Inc.
13.3.5. Koppers Inc.
13.3.6. Kurt Obermeier GmbH & Co. KG
13.3.7. LANXESS AG
13.3.8. Lonza Group Ltd.
13.3.9. Remmers AG
14. Acronyms
Frequently Asked Questions
What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
The global wood preservatives market in 2020 is estimated for more than US$ 1.3 Bn and expected to reach a value of US$ 2.0 Bn by 2028 with a significant CAGR of 5.4%.
What are the key factors driving the growth of market?
Increasing per capita income and rapid urbanization are the prime factors that are propelling the growth of this market.
What segments are covered in market report?
The wood preservatives market is segmented on the basis of formulation, application, and region.
What are the key participating players in the market?
Wood preservatives market is mainly dominated by BASF Wolman GmbH, Borax Inc., KMG Chemicals Inc., Kop-Coat Inc., Koppers Inc., Kurt Obermeier GmbH & Co. KG, LANXESS AG, Lonza Group Ltd., and Remmers AG.
