Wood Preservatives Market Top Key Players, Size, Share, Growth, Trend and Forecast report 2027
The market is primarily driven by the increasing construction of residential and non-residential buildings such as healthcare facilities and educational institutions in developing economies. Wood preservatives are witnessing high demand in applications such as landscaping, decking, fire protection, framing lumber, and field treatment.The global wood preservatives market size was USD 1,313.2 Million in 2019 and it is anticipated to reach USD 1,899.8 Million by 2027, at a CAGR of 5.0% during the forecast period. The report provides Wood Preservatives market forecast, supported by detailed insights historical data and revenues, past and current market trends, industry trends, consumer trends, market size, market share, market growth, along with ranging impacts of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Wood Preservatives market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Wood Preservatives market revenue growth to a significant extent over the forecast period.
The latest market study, Wood Preservatives Market blends in qualitative and quantitative research techniques to present vital data on the competitive landscape for the period of 2020 – 2027.This research allows the business owners/individuals/ stakeholders to collect decisive information about market segmentation based on product category, usage and sale volume across the various geographical regions. Business stakeholders can prepare effective expansion plan by using the statistics on market share, size and the growth rate discussed in the report, for the forecast period of 2020 – 2027.Unmatched information on past, present and upcoming market trends covered in the study offer lucidity on the future projection of the industry.
Key Highlights of Report
In February 2020, Koppers Holdings Inc., a global provider of wood treatment chemicals, treated wood products, and carbon compounds, announced its plans to enter the copper naphthenate wood preservatives market. The move is expected to strengthen the company’s position in the wood preservatives market during the forecast period.
The industrial segment held the largest market share of 50.1% in 2019. Increasing awareness regarding the harmful effect of wood preservative chemicals on the environment and humans has led to the rising demand for eco-friendly wood preservatives among industries.
The water-based wood preservatives segment is anticipated to expand at the most rapid CAGR of 5.4% during the forecast period. Leach resistance and eco-friendly nature of water-based wood preservatives is likely to drive the segment during the forecast period.
North America accounted for the largest share of the global wood preservatives market in 2019. Increasing demand for bio-based wood preservatives to reduce the environmental degradation caused by chemicals in wood preservatives is driving the market in the region.
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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North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Chapter 1: Methodology & Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2: Executive Summary
- Business trends
- Regional trends
- Product trends
- End-use trends
Chapter 3: Industry Insights
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
Chapter 4: Regional Landscape
Chapter 5: Company Profile
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
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