The global Wood Preservatives Market size is estimated to grow from USD 1.3 billion in 2020 to USD 1.7 billion by 2025, at a CAGR of 5.1 % during the forecast period. The market is witnessing moderate growth, owing to increasing application, infrastructural development, and growing demand for these wood preservatives in the Asia Pacific, North America and Europe. Wood preservatives are largely used in the residential & commercial application. The increasing use of wood preservatives in residential, commercial and the rising construction activities is driving the wood preservatives market.
The water-based wood preservatives formulation segment
is expected to register the highest CAGR in the global wood preservatives
market during the forecast period.
The water-based will continue to lead the wood preservatives market, accounting for a share of 75% of the overall market in 2019 terms of value. This was due to the increasing demand for water-based wood preservatives in the decking, fencing, and landscaping sub-applications are expected to witness high growth in the next five years. The effectiveness of the copper-based wood preservatives has increased their demand in the wood preservatives market. Most of the copper-based wood preservatives are water-based formulations. Therefore, the water-based wood preservatives market is expected to dominate, globally, during the forecast period.
North America is expected to hold the largest
market share in the global wood preservatives market during the forecast
period.
North America accounted for the largest share of
the wood preservatives market in 2020. The demand for wood preservatives is
increasing in North America due to the increased usage of wood in the
residential and industrial sectors. The rising construction industry, supported
by heavy investments for infrastructural developments, is providing new
opportunities for the wood preservatives manufacturers operating in this
region.
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Koppers (US) is one of the major players operating
in the wood preservatives market. In 2020, Koppers plans to expand the copper
naphthenate wood preservative market. The company offers range of wood
preservatives which has distinctive product and termite resistance. A strong
regional presence is its major strength. The company also has a strong R&D
team that helps it introduce new and improved products. According to the
company’s strategy, its focus is on customer service excellence and
reliability, which has been a keystone of its rapid and successful growth in
the North American, European, and APAC regions.
Lonza (US) is the second-largest player of the wood
preservatives market, globally. Lonza (US) sells wood preservatives under the
brand name, Antiblu, Tetratek, Tenamix, Vacsol, Tenalith, Canopy, Antichecking,
Enseal, Tenacare and Tenacoat. The company has geographical presence in North
America, Latin America, Europe, Asia Pacific, and Africa. The company focuses
on research and development to enhance product portfolio. This preservative is
used to treat fencing, cladding, and landscaping timbers. The company offers
wide product portfolio with Lonza’s global network to strengthen its
geographical presence.
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