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 residential and commercial sector. 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.
Burgeoning demand for wooden-based products
Rising infrastructure investment in emerging countries
Ban on highly toxic wood preservatives
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.
The wood preservative chemicals market has been analyzed through the following segments:
Chromate Copper Arsenate (CCA)
Alkaline Copper Quaternary Compounds (ACQ)
Copper azole (CuAz)
Ammoniacal copper zinc arsenate (ACZA)
Middle East and Africa