Wood preservatives are chemicals that are applied to wood to protect it from decay, insects, and other sorts of harm. Wood preservatives are commonly used on wood goods such as timber, fence, decking, and utility poles. Wood preservatives’ primary role is to keep wood from decaying due to moisture, fungi, and insects. Wood preservatives can also improve the natural colour and texture of wood while also extending its lifespan.
The report “Wood Preservatives Market by Formulation (Water-Based, Oil-Based, Solvent-Based), Application (Residential, Commercial, Industrial), and Region (North America, APAC, Europe, South America, Middle East and Africa) – Global Forecast to 2025“, The global wood preservatives market size is expected to grow from USD 1.3 billion in 2020 to USD 1.7 billion by 2025, at a CAGR of 5.1 % during the forecast period.
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The residential segment accounted for the major share of the global wood preservatives market.
The residential sector has held the lion’s share of the worldwide wood preservatives industry. Wood is commonly utilized in home building and landscaping, including decking, fence, and outdoor furniture. Wood preservatives are required to safeguard these wood products from deterioration, insects, and weathering, increasing their lifespan. Furthermore, the increased demand for environmentally friendly and sustainable wood products is driving the use of wood preservatives in the residential sector. Furthermore, the growing trend of do-it-yourself (DIY) activities and house renovations is likely to fuel residential demand for wood preservatives. Furthermore, the introduction of new and sophisticated wood preservatives that provide greater protection and are safer for human health and the environment is likely to propel the residential segment of the global wood preservatives market forward.
The water-based wood preservatives formulation segment is expected to register the highest CAGR in the global wood preservatives market during the forecast period.
In the worldwide wood preservatives market, the water-based wood preservatives formulation category is predicted to grow at the fastest compound annual growth rate (CAGR). This is primarily due to the growing need for environmentally acceptable and sustainable wood preservatives that are water-based and have lower toxicity than their oil-based competitors. Water-based wood preservatives are also easier to apply, dry faster, and provide better protection against fungi and insects. Furthermore, rising consumer awareness of the negative impacts of traditional wood preservatives on the environment and human health is boosting demand for water-based wood preservatives. Furthermore, the development of new and advanced water-based wood preservatives, such as nano-emulsions and microemulsions, which offer better penetration and retention properties, is expected to drive the growth of the water-based wood preservatives segment in the coming years.
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North America is expected to hold the largest market share in the global wood preservatives market during the forecast period.
In the worldwide wood preservatives market, North America is predicted to have the biggest market share. The region has a well-established and mature wood preservation business, which is driven by the demand for treated wood products in a variety of uses, including buildings, utility poles, and railroad ties. Furthermore, the region has a sizable and expanding building industry, which is a significant user of wood preservatives. Furthermore, the region’s severe government rules for the use of wood preservatives have resulted in the development of safer and more environmentally friendly wood preservatives, which are increasingly chosen by customers. Furthermore, the growing demand for treated wood products in the region has led to the expansion of wood preservation facilities and the introduction of new technologies for wood preservation, which is expected to drive the growth of the wood preservatives market in the region.
The leading wood preservatives manufacturers are Koppers (US), Lonza (Switzerland), Lanxess (Germany), Cabot Microelectronics (US), BASF Wolman (Germany), Troy (US) and others.
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