Wood Preservatives Market:
The GMI Research expects the wood preservatives market to expand at a higher rate. From a regional perspective, North America is projected to lead the market owing to the rising wood use in residential and other end-uses. The leading companies, such as Quality Borate, LLC, Bostik, RUTGERS, have a presence in this region.
Wood Preservatives Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The growing strategic initiatives by the government bodies, including an initiative introduced by the Canadian government for wood preservation, such as technical recommendations for wood preservation, are surging the growth of the global wood preservatives market. Another investment by government of the UK, which accounted for US$ 7.09 billion, aimed to emphasize on the infrastructural development will further drive the demand for the wood in the market. These strategic initiatives by the governmental bodies in numerous geographical nations and rapid technological advancements are some other factors propelling the growth of the market. For example, Koppers rapidly develop new materials like copper naphthenate, borates, copper azoles, etc.
The increasing number of government guidelines for the use of novel technologies, especially for the preservation of wood, will be an opportunity for the market. It has been observed that there has been an increase in the infrastructure and industrial sector across the world, the demand for wood stabilizers has drastically risen. For example, the structural investment has fuelled by 6.5% of GDP over the developing regions like Asia-Pacific. The drastic shift in consumer preference towards eco-friendly wood preservatives is further anticipated to stimulate the growth of the market. For example, Ammonium Copper Quaternary is a newly registered compound that is now used particularly for wood preservation. It is generally utilized in the wood preservation and treatment process, including in structural timber and agriculture poles. On the other hand, the factor hindering the growth of the wood preservatives market during the forecast period includes the growing usage of natural wood products for wood. For instance, an article published by Redalyc states that plant extract can be utilized in rural areas wherever preservatives are not affordable. However, the restricted availability of wood will restrain the growth of the market in the upcoming years.
Wood Preservatives Market’s leading Manufacturers:
- Koppers Inc.
- Lonza
- LANXESS
- CMC MATERIALS
- BASF SE
- Quality Borate, LLC.
- Avadata Organics Pvt. Ltd.
- Nisus Corporation
- OBERMEIER
- Remmers
Wood Preservatives Market Segmentation:
Segmentation by Formulation:
- Water Based Wood Preservatives
- Solvent Based Wood Preservative
- Oil Based Wood Preservative
Segmentation by Application:
- Residential
- Commercial
- Industrial
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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