Wood Preservative Chemicals Market will be growing at a CAGR of 5.5% during the forecast To 2025

Posted December 27, 2019 by johnsonpaul

Wood Preservative Chemicals Market will be growing at a CAGR of 5.5% during the forecast To 2025
According to a new market research report published by Credence Research, Inc. “Wood Preservative Chemicals Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025,” the global market for wood preservative chemicals was valued at US$ 1.65 billion in 2016 and is expected to reach around US$ 2.53 billion by 2025, increasing to CAGR by 5.5 percent from 2017 to 2025.

Browse Full Report at https://www.credenceresearch.com/report/wood-preservative-chemicals-market

Market Insights

Wood preservatives are used to increase the life span of forests by controlling the decay of insects, bacteria, and fungi. Wood furniture has a significant share of the furniture industry, which has led to the demand for wood preservatives. The market for wood preservatives in the chemical industry is growing due to the strict rules that limit the use of wood. Wood is protected by the use of chemicals and numerous methods of treatment that extend their working life and reduce maintenance costs. The sustainable growth of the wood furniture industry is likely to have an optimistic impact on the wood preservative chemical market in the forecast period.

Wood preservative chemicals play a key role in the construction process of buildings. The increase in construction expenditure will indirectly increase demand for wood, which will also increase the demand for wood preservatives. Growing disposable incomes and rapidly developing economies, especially in developing regions, are the main drivers of market growth in the forecast period. Wood preservatives are used in decking, public infrastructure, railroad products, fences, construction, furniture & flooring, sports equipment, art & decoration, and musical instruments. Swift industrialization is expected to increase demand for the market for wood preservative chemicals.

The water-borne preservative segment was the largest segment of the global market for wood preservative chemicals in 2016. Water-based preservatives accounted for more than 65 percent of the global market for wood preservation chemicals in 2016. These preservatives are commonly used in all applications and offer better performance for residential and commercial applications. The demand for treated wood is driven by the growing disposable income of the population in emerging regions.

North America is the largest market for wood preservative chemicals due to technological developments and strategic initiatives undertaken by the members of the industry. North America is projected to continue to hold its leading position during the forecast period. The Asia Pacific and Latin America are projected to spectate the vigorous demand for wood preservative chemicals in the near future due to the increase in construction activity and the lenient regulatory framework associated with the use of wood.

Some of the major companies operating in the market include BASF SE, Janssen Preservative and Material Protection, KMG Chemicals Inc, Kop-Coat Incorporated, Kurt Obermeier GmbH & Co. KG, Lapeyre SA, Osmose Inc., Lonza Group Ltd., Rio Tinto Borax, RUTGERS Organic and Viance LLC., Osmose Inc.

You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/58785

Key research study highlights comprise:

Exhaustive research and analysis of the global Wood Preservative Chemicals industry
The key market segments along have been explained in the report thoroughly along with their existing and estimated market size
Major elements of market dynamics such as drivers, challenges and opportunities and their effect on Wood Preservative Chemicals market is also covered in the report
Key players operating in the market are profiled and accompanied by the competitive landscape evaluated on the basis of product offering & business strength
Cross-sectional analysis of each region covering individual segments for the forecast period 2017 - 2025 in terms of value (US$ Mn)

The participants tracked for primary interviews include:

Marketing/product managers
Vice President/ CEOs
National sales managers
Market intelligence managers
Purchasing managers
Other stakeholders
Market Segmentation

By Product Type

Oil-Borne Preservatives
Light Organic Solvent Preservatives
Water-Borne Preservatives

By End User Type

Furniture & Decking

By Geography Segment

North America (the U.S., Rest of North America)
Europe (U.K., Germany, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Rest of the World (the Middle East & Africa, Latin America)

Blog Medium: https://medium.com/@kumarganesh028/wood-preservative-chemicals-market-is-expected-to-reach-us-2-53-bn-by-2025-credence-research-34f5da77f94f
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Last Updated December 27, 2019