Vancouver, BC -- (SBWIRE) -- 01/15/2021 -- Wood preservatives are products that control wood degradation that occurs due to decay or fungal rot, or molds, among others. Wood preservatives are witnessing an exponential demand in applications such as fire protection, field treatment, landscaping, decking, and framing lumber. The global Wood Preservatives Market is predicted to garner a market valuation of USD 1,899.8 Million by 2027, at a CAGR of 5.0%, according to a recent report by Emergen Research. 

Key market participants include: - Lanxess, Lonza, Koppers, Troy Corporation, BASF Wolman GmbH, Remmers Gruppe AG, Kurt Obermeier GmbH & Co., Copper Care Wood Preservatives, Inc., KMG Chemicals, and Buckman Laboratories International, Inc.

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Market Drivers

The expanding construction of residential and non-residential buildings such as healthcare institutions and academic institutions is the primary market driver. The construction sector's rising expenses are anticipated to boost the demand for wood preservatives, thereby augmenting the market growth.

Wood preservatives reduce replacement costs, increase the life of wood, and enable efficient utilization of forest resources, expanding the market demand. Extensive research and development activities for the production of new preservatives with high efficacy and low toxicity is further anticipated to contribute to market growth. Escalating government initiatives and augmenting expenses for improved infrastructure development are expected to bolster the market's growth.

Application Outlook (Revenue, USD Million; 2017–2027)
Commercial
Residential
Industrial

Formulation Outlook (Revenue, USD Million; 2017–2027)
Solvent-based Wood Preservatives
Water-based Wood Preservatives
Oil-based Wood Preservatives    

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Regional Analysis

In 2019, North America accounted for a significant share of the market and is anticipated to retain its leading position. This growth can be attributed to the increasing requirement for bio-based wood preservatives to reduce environmental degradation caused by wood chemicals. The rising government investments in advanced infrastructure are expected to boost the market demand in the region. Moreover, the presence of significant manufacturers is further promoting market growth. 

In market segmentation by geographical regions, the report has analyzed the following regions-       

North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy)     Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Columbia etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Wood Preservatives Market Segmentation & Impact Analysis

    4.1. Wood Preservatives Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. Demand for natural wood preservatives

                    4.2.2.2. Rise in construction activities in the emerging economies

                    4.2.2.3. Increasing need to protect the wood from decaying

          4.2.3. Market restraints analysis

                    4.2.3.1. Stringent regulations regarding conservation of natural resources

                    4.2.3.2. Present challenging economic conditions due to the pandemic

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter's Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Wood Preservatives Market By Application Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)

    5.1. Application Dynamics & Market Share, 2019 & 2027

          5.1.1. Commercial

          5.1.2. Residential

          5.1.3. Industrial

Chapter 6. Wood Preservatives Market By Formulation Insights & Trends Revenue (USD Million), Volume (Kilo Tons)

    6.1. Formulation Dynamics & Market Share, 2019 & 2027

          6.1.1. Solvent-Based Wood Preservatives

          6.1.2. Water-Based Wood Preservatives

          6.1.3. Oil-Based Wood Preservatives  

To Be Continued…!

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