Market Research Report
Wood Preservative Chemicals
|Published by||Global Industry Analysts, Inc.||Product code||222479|
|Published||Content info||206 Pages
Delivery time: 1-2 business days
|Wood Preservative Chemicals|
|Published: July 1, 2020||Content info: 206 Pages||
The global market for Wood Preservative Chemicals is projected to reach US$2.5billion by 2025, driven by the growing use of wood in construction, its rising popularity as a sustainable, renewable building material with the lowest carbon footprint and the highest positive impact on comfort and emotional well-being. Use of wood in construction ranges from framing and roofing timbers, wall linings, cladding, fascia boards, poles, posts and stumps, sub-floor timbers, bridges, marinas and boardwalks, railings, rural fending, farms and vineyards, pergolas, carports, outdoor furniture to fencing. Wood is vulnerable to damage and rotting by fungi, insects and moisture and therefore needs to be preserved to increase service life. When used for load-bearing in buildings, untreated wood raises the risk of structural instability. Benefits of wood preservation include helps in conserving forest resources by reducing wastage and over demand; opens up commercial opportunities for non-durable wood species especially in construction; protects against multitude of factors that degrade wood such as water, moisture and humidity, mold, mildew, algae and moss, dirt and contamination, termites and woodworm, temperature, frost damage; and versatility in use in above ground, underground and underwater applications. Future growth in the market will be driven by the increased focus on renovation and remodeling initiatives, recovering construction activity in developed and developing economies alike, rapid pace of industrialization and increasing investments in infrastructure development projects by government agencies as well as private organizations. Environmental and health hazards caused by traditional wood preservatives are shifting the focus on new technologies low on chemical toxicity. There are significant commercial opportunities for natural alternatives for copper, boron, phosphorus, and creosote which are used as active ingredients in conventional chemicals. The United States represents the largest market worldwide supported by the traditional dominance of wood in American architecture. Asia-Pacific is forecast to grow at the fastest CAGR of 6% over the analysis period, led by population growth and rise in commercial housing activity; recovery in industrial production and increase in industrial construction; cultural significance of wooden craft and interior ornamentation in Asia; rising standards of living, increasing disposable income and growing investments in premium wooden furniture among the growing base of affluent middle class population with aspirational lifestyle goals.