Market Size of Wood Preservatives Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 2.91 Billion |
Market Size (2029) | USD 3.64 Billion |
CAGR (2024 - 2029) | 4.56 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Wood Preservatives Market Analysis
The Wood Preservatives Market size is estimated at USD 2.91 billion in 2024, and is expected to reach USD 3.64 billion by 2029, growing at a CAGR of 4.56% during the forecast period (2024-2029).
The COVID-19 pandemic moderately impacted the market in 2020. However, it now returned to pre-pandemic levels and is expected to grow steadily.
- Over the medium term, the factors driving the market's growth are the increasing demand for wood in different applications and the increasing furniture production.
- On the other hand, the stringent government regulations on various wood preservatives may act as barriers to the market's growth.
- Developing eco-friendly wood preservatives will likely offer new growth opportunities to the industry.
- North America dominates the market studied, with the highest consumption recorded by the United States and Canada.
Wood Preservatives Industry Segmentation
Wood preservatives help control wood degradation problems due to fungal rot or decay, sap stains, molds, or wood-destroying insects. Their usage helps increase a product's long-term resistance to attack by fungi, bacteria, insects, and marine borers. The wood preservative market is segmented by technology, end-user industry, and geography. The market is segmented by technology: water-based, oil-based, and other technologies. By end-user industry, the market is segmented into residential, commercial, infrastructural, and other end-user industries. The report also studies the wood preservatives market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million).
Technology | ||||||
| ||||||
| ||||||
Other Technologies |
End-user Industry | |
Residential | |
Commercial | |
Infrastructural | |
Other End-user Industries |
Geography | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
Wood Preservatives Market Size Summary
The wood preservatives market is poised for steady growth, driven by increasing demand for wood in various applications such as furniture, construction, and residential projects. The market has rebounded to pre-pandemic levels and is expected to expand steadily over the forecast period. Key factors contributing to this growth include the rising production of furniture and the burgeoning residential construction activities worldwide, particularly in regions like Asia-Pacific, North America, and parts of Europe. However, the market faces challenges from stringent government regulations on wood preservatives, which could hinder growth. The development of eco-friendly preservatives presents new opportunities for market expansion, as sustainability becomes a more significant focus in the industry.
North America currently dominates the wood preservatives market, with the United States and Canada leading in consumption. The region's growth is bolstered by substantial construction activities and government initiatives, such as the US trillion-dollar infrastructure bill and Canada's significant investments in infrastructure development. These factors, along with the steady growth in the residential and commercial construction sectors, are expected to maintain North America's dominant position in the global market. The market is characterized by a fragmented landscape with several key players, including Koppers Performance Chemicals, Lonza Specialty Ingredients, and LANXESS, who are actively expanding their market presence and investing in sustainable solutions to meet the evolving demands of the industry.
Wood Preservatives Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Increasing Demand for Wood in Different Applications
-
1.1.2 Increasing Furniture Production
-
-
1.2 Restraints
-
1.2.1 Stringent Environmental Regulations
-
1.2.2 Other Restraints
-
-
1.3 Industry Value Chain Analysis
-
1.4 Porters Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Consumers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products and Services
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION (Market Size in Value)
-
2.1 Technology
-
2.1.1 Water-based Technologies
-
2.1.1.1 Micronized Copper Systems
-
2.1.1.2 Chromated Copper Arsenate (CCA)
-
2.1.1.3 Borates
-
2.1.1.4 Other Water-based Technologies
-
-
2.1.2 Oil-based Technologies
-
2.1.2.1 Pentachlorophenol
-
2.1.2.2 Creosote
-
2.1.2.3 Other Oil-based Technologies
-
-
2.1.3 Other Technologies
-
-
2.2 End-user Industry
-
2.2.1 Residential
-
2.2.2 Commercial
-
2.2.3 Infrastructural
-
2.2.4 Other End-user Industries
-
-
2.3 Geography
-
2.3.1 Asia-Pacific
-
2.3.1.1 China
-
2.3.1.2 India
-
2.3.1.3 Japan
-
2.3.1.4 South Korea
-
2.3.1.5 Rest of Asia-Pacific
-
-
2.3.2 North America
-
2.3.2.1 United States
-
2.3.2.2 Canada
-
2.3.2.3 Mexico
-
-
2.3.3 Europe
-
2.3.3.1 Germany
-
2.3.3.2 United Kingdom
-
2.3.3.3 France
-
2.3.3.4 Italy
-
2.3.3.5 Rest of Europe
-
-
2.3.4 South America
-
2.3.4.1 Brazil
-
2.3.4.2 Argentina
-
2.3.4.3 Rest of South America
-
-
2.3.5 Middle-East and Africa
-
2.3.5.1 Saudi Arabia
-
2.3.5.2 South Africa
-
2.3.5.3 Rest of Middle-East and Africa
-
-
-
Wood Preservatives Market Size FAQs
How big is the Wood Preservatives Market?
The Wood Preservatives Market size is expected to reach USD 2.91 billion in 2024 and grow at a CAGR of 4.56% to reach USD 3.64 billion by 2029.
What is the current Wood Preservatives Market size?
In 2024, the Wood Preservatives Market size is expected to reach USD 2.91 billion.