Wood Preservative Chemicals Market - Forecasts from 2019 to 2024

The wood preservative chemicals market is projected to grow at a CAGR of 4.81% to reach US$2.540 billion by 2024, from US$1.916 billion in 2018. Wood and wood based products are widely used in indoor and outdoor applications owing to their versatility, cost effectiveness, ease and efficiency of construction and sustainability. Wood preservatives are the chemicals that are used to increase the durability and resistance of wood, timber, wood structures or engineered woods by protecting them from the attack of insects and fungus. Rapid urbanization and industrialization is leading to a number of infrastructure activities across the globe which is positively influencing the wood preservative market growth. According to G-20 Global Infrastructure Outlook, the infrastructural investment in developing countries like China is approximately 6.45% of the GDP. Thus, the market is expected to grow at a steady rate owing to the increased focus of countries on the infrastructure development.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the wood preservative chemicals value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the wood preservative chemicals market.

Major industry players profiled as part of the report are AMERICAN BORATE COMPANY, Copper Care Wood Preservatives, Inc., KMG Chemicals, Kurt Obermeier GmbH & Co. KG, LANXESS, Lonza, and Wykamol Group Ltd.

Segmentation

The wood preservative chemicals market has been analyzed through following segments:

By Type
Water-based
Solvent-based

By Application
Industrial
Commercial
Residential

By Geography
North America
USA
Canada
Mexico
Others

South America
Brazil
Others

Europe
Germany
France
United Kingdom
Others

Middle East and Africa

Israel
Others

Asia Pacific
China
Japan
India
Others