Wood Preservative Chemicals Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Chromate Copper Arsenate (CCA), Water-based, Alkaline Copper Quaternary Compounds (ACQ), Copper Azole (CuAz), Ammoniacal Copper Zinc Arsenate (ACZA), Copper Citrate, Oil-based, Cresote, Pentachlorophenols), By Application (Industrial, Commercial, Residential), And By Geography - 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 preservatives are basically the chemicals that are applied to the wood surface so as to prevent or retard the decay of wood, especially by fungi or insects. The demand for these chemicals is majorly driven by the increasing demand for wooden furniture across the residential and commercial sectors. Also, treated wood is commonly used to build telephone poles, road signs, play structures, and raised garden beds. Rapid urbanization across the globe is significantly contributing towards growing demand for wooden-based products since these are versatile, cost-efficient, and are easy to construct. This in turn is propelling the wood preservative chemicals market growth across regions. With infrastructure activities rising in especially emerging economies, the demand for wood-based products is set to grow that in turn is going to augment the wood preservative market growth in the upcoming years.

DRIVERS

Burgeoning demand for wooden-based products

Rising infrastructure investment in emerging countries

RESTRAINTS

Ban on highly toxic wood preservatives

INDUSTRY UPDATE

In March 2011, Lanxess acquired Syngenta’s material protection business in order to gain access to a broad range of fungicidal and insecticidal active ingredients for wood preservation.  

The major players profiled in the wood preservative chemicals market include Rio Tinto, Copper Care Wood Preservatives, Inc., BASF SE, KMG Chemicals, Kurt Obermeier GmbH & Co. KG, LANXESS, Lonza, Wykamol Group Ltd., Koppers Inc., Archer Daniels Midland Company, and Viance, LLC.   

Wood Preservative Chemicals Market Scope:

Segmentation

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

By Type

Chromate Copper Arsenate (CCA)

Water-based

Alkaline Copper Quaternary Compounds (ACQ)

Copper azole (CuAz)

Ammoniacal copper zinc arsenate (ACZA)

Copper Citrate

Oil-based

Cresote

Pentachlorophenols

By Application

Industrial

Commercial

Residential

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

India

Others

Frequently Asked Questions (FAQs)

Q1. What will be the wood preservative chemicals market size by 2024?
A1. The wood preservative chemicals market is projected to reach a market size of US$2.540 billion by 2024. 

Q2. What is the size of the wood preservative chemicals market?
A2. Wood Preservative Chemicals market was valued at US$1.916 billion in 2018. 

Q3. What are the growth prospects for the wood preservative chemicals market?
A3. The wood preservative chemicals market is projected to grow at a CAGR of 4.81% during the forecast period. 

Q4. Who are the major players in the wood preservative chemicals market?
A4. The major players profiled in the wood preservative chemicals market include Rio Tinto, Copper Care Wood Preservatives, Inc., BASF SE, KMG Chemicals, Kurt Obermeier GmbH & Co. KG, LANXESS, Lonza, Wykamol Group Ltd., Koppers Inc., Archer Daniels Midland Company, and Viance, LLC.   

Q5. What factors are anticipated to drive the wood preservative chemicals market growth?
A5. The demand for these chemicals is majorly driven by the increasing demand for wooden furniture across residential and commercial sectors.