Global Wood Preservatives Market Size study & Forecast, by Technology (Water-based Technologies, Oil-based Technologies, Other Technologies), by End-user Industry (Residential, Commercial, Infrastructural, Other End-user Industries) and Regional Analysis,

Global Wood Preservatives Market Size study & Forecast, by Technology (Water-based Technologies, Oil-based Technologies, Other Technologies), by End-user Industry (Residential, Commercial, Infrastructural, Other End-user Industries) and Regional Analysis, 2023-2030

Global Wood Preservatives Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. The wood preservatives market serves various industries, including construction, furniture manufacturing, outdoor decking, fencing, and utility poles. The market for wood preservatives is driven by factors such as urbanization, increasing construction activities, the need for durable & long-lasting wood products, as well as the desire to protect wooden structures and assets. Additionally, stringent regulations and standards related to environmental protection and human health impact the development and use of wood preservatives.

The growth in construction activities, especially in developing regions and emerging economies, leads to a higher demand for construction materials, including wood. Wood is widely used in various construction applications such as residential and commercial buildings, infrastructure projects, and industrial structures..As part of the ""Investing in Canada"" initiative, the government has unveiled its plans to invest approximately USD 140 billion in significant infrastructure projects by 2028. These investments aim to enhance and develop infrastructure across the country. According to Statistics Canada, Saskatchewan has emerged as the leading province in terms of building construction investment. In October 2022, the investment in building construction in Saskatchewan witnessed a substantial increase of 39.3% compared to the same period in 2021. The value of building construction investments reached USD 445 million in October 2022. The growth in residential construction in the United States is indeed a significant factor driving the overall growth of the wood preservatives market. As per data from the US Census Bureau, in December 2022, around 1,411 million units of privately-owned housing were completed at a seasonally adjusted annual rate. This figure represents a 6.4% increase compared to December 2021 when 1,326 million units were completed. Thus rising construction activities across the globe is driving the market growth. However, the high cost of Wood Preservatives stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Wood Preservatives Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is a dominating market for wood preservatives, driven by factors such as a robust construction industry, demand for treated wood in residential and commercial applications, the need to protect against wood decay and insect damage. The region has stringent regulations governing the use of wood preservatives, focusing on environmental and human health considerations. The Asia-Pacific region is experiencing fastest growth in the wood preservatives market due to rapid urbanization, infrastructure development, and the expanding construction sector. The region has a high demand for treated wood in residential and commercial construction, as well as in the production of furniture and other wooden products. The focus on environmental sustainability and regulations related to wood preservation varies across countries in the region.

Major market player included in this report are:
BASF SE
Koppers Inc.
Lonza Group Ltd.
Lanxess AG
Viance LLC (A subsidiary of Lonza Group Ltd.)
Remmers Gruppe AG
Janssen Preservation and Material Protection (A subsidiary of Janssen Pharmaceutica)
Rütgers Organics GmbH (A subsidiary of Rutgers Group)
Troy Corporation
KMG Chemicals Inc.

Recent Developments in the Market:
In October 2022, Koppers Performance Chemicals Inc. revealed its successful expansion in the industrial and commercial wood preservation technology markets, resulting in a significant increase in its market share. This expansion signifies the company's growth and success in providing solutions for wood preservation in various industries.
In January 2022, LANXESS and Matrìca formed a partnership to produce sustainable biocide preservatives using renewable raw materials. Matrìca is a joint venture between Versalis (Eni) and Novamont. The collaboration between LANXESS and Matrìca aims to advance the production of sustainable preservatives by leveraging renewable resources. The partnership addresses the rising demand for sustainable preservative solutions in the market, contributing to environmental stewardship and meeting evolving consumer preferences.

Global Wood Preservatives Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Technology, End-user Industry, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Technology offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Technology:
Water-based Technologies
Oil-based Technologies
Other Technologies

By End-user Industry:
Residential
Commercial
Infrastructural
Other End-user Industries

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
BASF SE
Koppers Inc.
Lonza Group Ltd.
Lanxess AG
Viance LLC (A subsidiary of Lonza Group Ltd.)
Remmers Gruppe AG
Janssen Preservation and Material Protection (A subsidiary of Janssen Pharmaceutica)
Rütgers Organics GmbH (A subsidiary of Rutgers Group)
Troy Corporation
KMG Chemicals Inc.

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