The global wood preservatives market is expected to reach value of USD 1,899.8 Million by 2027, according to a current analysis by Emergen Research. This growth of the market can be attributed to the increasing need to control wood degradation issues caused by decay or fungal rot, molds, sap stain, and wood-destroying insects. Growth of the construction industry led by the rising expenditure on construction activities in developing economies is projected to drive the demand for wood preservatives during the forecast period. The rising necessity to increase service life of wood and to reduce the need for frequent replacements of wood, causing addition to deforestation, has led to the rising adoption of wood preservatives. The countries with hot and humid tropical climate witness rapid wood decomposition, resulting in increased usage of wood preservatives. Moreover, the rising need for forest conservation has driven the utilization of wood preservation to reduce the demand for replacement of wood. Growth in population in developing countries has increased the demand for timber, which is expected to drive the wood preservatives market during the forecast period. The growing trend of using bio-based wood preservatives to reduce the environmental degradation caused by chemicals in wood preservatives is projected to offer lucrative opportunities for manufacturers of wood preservatives during the forecast period.
The global Wood Preservatives market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Wood Preservatives market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Lanxess, Lonza, Koppers, Troy Corporation, BASF Wolman GmbH, Remmers Gruppe AG, Kurt Obermeier GmbH & Co., Copper Care Wood Preservatives, Inc., KMG Chemicals, Buckman Laboratories International, Inc.
Research Report on the Wood Preservatives Market Addresses the Following Key Questions:
- Who are the dominant players of the Wood Preservatives market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Wood Preservatives market?
- What are the key growth drivers and restraining factors of the Wood Preservatives market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Wood Preservatives market and its key segments?
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Emergen Research has segmented the global Wood Preservatives market on the basis of type, type of care, and region
Segments Covered in this report are:
-
Application Outlook (Volume: Kilo Tons) (Revenue, USD Million; 2017–2027)
- Commercial
- Residential
- Industrial
-
Formulation Outlook (Volume: Kilo Tons) (Revenue, USD Million; 2017–2027)
- Solvent-based Wood Preservatives
- Water-based Wood Preservatives
- Oil-based Wood Preservatives
-
Regional Outlook (Volume: Kilo Tons) (Revenue, USD Million; 2017–2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of MEA
- North America
In conclusion, the Wood Preservatives Market report is an exhaustive database that will help readers formulate lucrative strategies. The Wood Preservatives Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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