Global Wooden Preservative Market 2023-2030

Global Wooden Preservative Market 2023-2030

Global Wooden Preservative Market Size, Share & Trends Analysis Report by Type (Water-based, Solvent-based, Oil-based, and Others), and by Application(Residential, Commercial, and Industrial) Forecast Period (2023-2030)

The global wooden preservative market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period. The growth of the market is attributed to factors such as the increasing demand for water-based and solvent-based wood preservatives in various end-use industries such as construction, residential, commercial, and automotive industry, among others. Further, advancements in wooden preservative technologies and the growing focus on sustainable wood treatment solutions are also anticipated to fuel the demand for wooden preservatives. As a result market players have been launching new and innovative wood preservative solutions to cater the demand in market. For instance, in November 2020, BASF has developed the new Joncryl 953X portfolio for water-based 1K systems to protect and highlight the beauty of wood while meeting sustainability needs. The Joncryl® 953X portfolio includes five straight acrylic dispersions. All of them are multi-purpose and fine-particle sized. The products fulfill key performance characteristics for wood coatings such as excellent resistance to chemicals, scratch resistance, hardness and blocking resistance as well as high wet transparency and in-can clarity.

Segmental Outlook

The global wooden preservative market is segmented based on its type, including water-based, solvent-based, oil-based, and others. Based on the Application, the market is categorized into residential and commercial, and industrial. Among the type segment, the water-based wood preservative is anticipated to hold a prominent market share owing to the growing demand from various end-use industries.

The Residential and Commercial Sector to Register Significant Growth During Forecast Period

Among the application, the Residential and commercial sector is anticipated to register significant growth during the forecast period. The growth of this segment is attributed to factors such as the need for wood preservation in

Regional Outlooks

The global wooden preservative market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these regions, Europe is anticipated to cater to significant growth over the forecast period. However, the Europe region is projected to experience considerable growth in the wooden preservative market owing to the rapidly growing construction sector in the region.

Global Wooden Preservative Market Growth, by Region2023-2030

Source: OMR Analysis

The Asia-Pacific Region is anticipated to hold a Significant Share in the Global Wooden Preservative Market

Among these regions, the Asia-Pacific market is anticipated to hold a significant share in the wooden preservative market during the forecast period. The growth of the market in the region is primarily driven by factors such the rising demand for wood preservation solutions coupled with increasing construction activities, and infrastructure development. For instance, as per the India Brand Equity Foundation 2020, India had planned to invest approximately $1.4 trillion in infrastructural development during 2019–2023 for the sustainable development of the country. The Indian government has also planned an investment of approximately $750 billion for railways infrastructural development during 2018–2030. Hence, such investments by the country’s government are anticipated to drive the wooden preservative growth of the market.

Market Players Outlook

The major companies serving the global wooden preservative market include BASF Wolman GmbH, KMG Chemicals, LANXESS AG, Lonza Group Ltd., Kurt Obermier GmbH, co. KG, AND Others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2019, Nisus Corp. acquired the assets of Lord’s Additives, the Sewell, N.J.-based manufacturer of ZB-SHIELD, and the holder of four patents involving innovative additives for wood and wood-plastic uses. The purchase includes all US Environmental Protection Agency (EPA) and Canadian Pest Management Regulatory Agency registrations, product names and intellectual property.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global wooden preservative market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.