Wood Preservatives Market Report Covers Future Trends with Research 2020-2027 | Lanxess, Lonza, Koppers, Troy Corporation, BASF Wolman GmbH

Wood Preservatives Market

According to a recent report by Emergen Research, the worldwide wood preservatives market is projected to reach a value of USD 1,899.8 Million by 2027. The need to prevent wood degradation concerns brought on by decay or fungal rot, moulds, sap stain, and wood-destroying insects is what is driving the market’s expansion. During the forecast period, demand for wood preservatives is expected to be driven by growth in the construction sector, which will be fueled by increased spending on construction activities in developing nations. The increasing use of wood preservatives is a result of the need to lengthen the useful life of wood and avoid the need for frequent replacements, which contributes to additional deforestation.

Rapid wood decomposition is observed in nations with hot, humid climates, which has led to an increase in the use of wood preservatives. Additionally, the use of wood preservation to lessen the need for new wood has been motivated by the growing need for forest conservation. The demand for wood has increased as a result of population growth in emerging nations, and this demand is anticipated to drive the market for wood preservatives over the forecast period. During the forecast period, manufacturers of wood preservatives should benefit greatly from the growing trend of adopting bio-based wood preservatives to lessen the environmental damage caused by chemicals in wood preservatives.

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Key Highlights of Report

A global supplier of wood treatment chemicals, treated wood goods, and carbon compounds, Koppers Holdings Inc., declared its intention to enter the copper naphthenate wood preservatives market in February 2020. During the anticipated period, the action is anticipated to boost the company’s position in the wood preservatives industry.

With a 50.1% market share in 2019, the industrial sector had the biggest market share. Growing public awareness of the negative effects that chemical wood preservatives have on both individuals and the environment has increased industry demand for eco-friendly wood preservatives.

During the projected period, the segment for water-based wood preservatives is expected to grow at the fastest CAGR of 5.4%. Water-based wood preservatives’ leach resistance and environmentally friendly characteristics are projected to fuel the market during the forecast period.

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

Emergen Research has segmented the global wood preservatives market in terms of application, formulation, and region:

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

Regional Outlook (Revenue, USD Million; 2017–2027)

  • North America
    1. U.S.
    2. Canada
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

Find More Competitor in TOC with Profile Overview Share Growth Analysis @ https://www.emergenresearch.com/industry-report/wood-preservatives-market

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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