Wood Preservatives Market Size, Share, Growth Analysis, By Type(Wood Preservatives, Oil-borne Preservatives, and Solvent-borne Preservatives), By Application(Residential Construction, Commercial Construction, and Furniture), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30H2111 | Region: Global | Published Date: March, 2024
Pages: 198 |Tables: 63 |Figures: 75

Wood Preservatives Market Insights

Global Wood Preservatives Market size was valued at USD 1.80 billion in 2022 and is poised to grow from USD 1.92 billion in 2023 to USD 3.20 billion by 2031, growing at a CAGR of 6.6% during the forecast period (2024-2031).

The global wood preservatives market refers to the industry that produces and supplies chemical compounds used to protect and prolong the lifespan of wood. Wood preservatives are essential in preventing the degradation of wood by various organisms such as insects, fungi, and bacteria, as well as by environmental factors like moisture and UV radiation. The market is driven by the widespread use of wood in construction, furniture manufacturing, and infrastructure projects. The demand for wood preservatives is also influenced by the need to enhance the durability and longevity of wood, especially in outdoor applications. Several types of wood preservatives are available in the market, including chromated copper arsenate (CCA), creosote, pentachlorophenol (PCP), and copper-based preservatives. These preservatives can be applied through various methods such as pressure treatment, dipping, brushing, or spraying. Growing environmental concerns and regulations have prompted the development of alternative wood preservatives that are less toxic and more environmentally friendly. The market has seen an increasing shift towards water-based preservatives, borates, and copper azole, which have gained popularity due to their lower toxicity levels and effectiveness in protecting wood. Geographically, North America and Europe have traditionally been the largest markets for wood preservatives, owing to their well-established construction and infrastructure industries. However, emerging economies in Asia Pacific, such as China and India, are witnessing significant growth in the wood preservatives market due to rapid urbanization and increased construction activities.

Market Snapshot - 2024-2031

Global Market Size

USD 1.80 billion

Largest Segment

Wood Preservatives

Fastest Growth

Oil-borne Preservatives

Growth Rate

6.6% CAGR

Global Wood Preservatives Market ($ Bn)
Country Share for North America Region (%)

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Wood Preservatives Market Segmental Analysis

Global Wood Preservatives Market is segmented by type, application, and region. Based on type, the market can be segmented into wood preservatives, oil-borne preservatives, and solvent-borne preservatives. Based on application, the market is segmented into residential construction, commercial construction, and furniture. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis by Type

By type, the market can be segmented into wood preservatives, oil-borne preservatives, and solvent-borne preservatives. Wood Preservatives refer to a broad category of products used to protect wood from decay, insect damage, and weathering. This segment encompasses a wide range of preservatives, including waterborne, oil-borne, and solvent-borne formulations. Wood Preservatives have been the traditional choice for wood treatment due to their effectiveness and versatility. They offer reliable protection against common wood pests and help prolong the lifespan of wood products. The dominating position of Wood Preservatives can be attributed to their widespread usage across various applications, including residential and commercial construction, furniture manufacturing, and industrial sectors. Despite the growing popularity of alternative materials, Wood Preservatives continue to be the preferred choice for preserving wood integrity and enhancing its durability.

Oil-borne Preservatives represent the fastest-growing segment within the Wood Preservatives Market. These preservatives are formulated with oil as the primary carrier, providing excellent water repellency and protection against fungal decay and termites. Oil-borne Preservatives are widely used for treating outdoor wood applications, including fences, decks, utility poles, and other exposed structures. The increasing demand for Oil-borne Preservatives can be attributed to several factors. Firstly, the rising awareness regarding the importance of wood protection and the need for long-lasting solutions has boosted the adoption of oil-based formulations. Secondly, the durability and effectiveness of Oil-borne Preservatives in harsh weather conditions have made them a preferred choice for outdoor wood treatment. Additionally, the growing construction industry, coupled with the rising popularity of wooden outdoor structures, such as decking and pergolas, has further fueled the demand for Oil-borne Preservatives.

Analysis by Application

By application, the market can be segmented into residential construction, commercial construction, and furniture. Residential Construction dominated the Wood Preservatives Market. Wood preservatives are extensively used in residential construction for treating structural components such as beams, posts, and framing. The primary purpose of wood preservation in residential construction is to protect the wood against decay, termite damage, and other wood-boring insects. Wood preservatives enhance the durability and longevity of wooden structures, ensuring their structural integrity and reducing the need for frequent repairs or replacements. The dominating position of Residential Construction can be attributed to the high demand for wood preservatives in the housing sector, where wood remains a popular material due to its aesthetic appeal, availability, and cost-effectiveness.

Commercial Construction represents the fastest-growing segment within the Wood Preservatives Market. This segment includes applications such as decking, siding, and outdoor furniture used in commercial buildings, offices, hotels, restaurants, and other non-residential structures. The growing trend of incorporating natural materials and sustainable design practices in commercial construction has led to an increased use of wood products. Wood preservatives play a crucial role in protecting these wooden structures from decay, weathering, and insect damage. The fastest-growing nature of the Commercial Construction segment can be attributed to factors such as the rising demand for eco-friendly construction materials, the need for durable and aesthetically pleasing wooden structures in commercial settings, and the expansion of the commercial construction industry globally.

Global Wood Preservatives Market By Type

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Wood Preservatives Market Regional Insights

North America dominated the global wood preservatives market. The region has a well-established construction industry and a high demand for wood products in various applications. The United States and Canada are the key contributors to the wood preservatives market in North America.

Asia Pacific is experiencing rapid growth in the wood preservatives market and is considered the fastest growing region. The region's expanding construction industry, growing urbanization, and increasing disposable income are key factors contributing to the rising demand for wood preservatives.

Global Wood Preservatives Market By Region
  • Largest
  • Fastest

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Wood Preservatives Market Dynamics

Drivers

Increasing demand for durable and long-lasting wood products

  • One key driver of the global wood preservatives market is the increasing demand for durable and long-lasting wood products in various industries. With a growing emphasis on sustainability and cost-effectiveness, wood preservatives play a vital role in protecting wood from decay, insects, and environmental factors. The construction industry, in particular, drives the demand for wood preservatives as they help extend the lifespan of wooden structures. Additionally, the development of environmentally friendly preservatives further propels the market growth, aligning with the rising global environmental consciousness.

Restraints

Growing concern over the environmental impact of certain preservatives

  • One significant restraint for the global wood preservatives market is the growing concern over the environmental impact of certain preservatives. Some traditional wood preservatives contain toxic chemicals that can leach into the surrounding soil, water bodies, and ecosystems, posing risks to human health and the environment. This has led to increased regulations and restrictions on the use of certain wood preservatives. Moreover, the shift towards alternative, less toxic preservatives has resulted in higher costs and limited availability, impacting the overall market growth. Manufacturers face the challenge of developing effective, eco-friendly preservatives that meet regulatory standards without compromising performance.

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Wood Preservatives Market Competitive Landscape

The global wood preservatives market is characterized by a mix of established companies and emerging players. Manufacturers in the market are focusing on product innovation, research and development, and strategic partnerships to gain a competitive edge. There is a growing trend toward environmentally friendly and low-toxicity wood preservatives, driving the market competition. Additionally, companies are expanding their global footprint through mergers, acquisitions, and collaborations to tap into new markets and strengthen their distribution networks. The competitive landscape is dynamic, with companies striving to differentiate themselves by offering customized solutions and value-added services to meet the diverse customer demands.

Top Player’s Company Profiles

  • Lonza Group Ltd. (Switzerland)
  • LANXESS AG (Germany)
  • Troy Corporation (US)
  • Viance LLC (US)
  • Remmers AG (Germany)
  • Dolphin Bay (South Africa)
  • Rio Tinto (UK)
  • Kurt Obermeier GmbH & Co. KG (Germany)
  • Janssen Preservation & Material Protection (Netherlands)
  • Safeguard Europe Ltd. (UK)
  • Rütgers Organics GmbH (Germany)
  • Lada Organics Pvt. Ltd. (India)
  • Quality Borate Company (US)
  • Wykamol Group (UK)
  • Nisus Corporation (US)
  • Osmose, Inc. (US)
  • Perma-Chink Systems, Inc. (US)

Recent Developments

  • In May 2023, a major chemical corporation acquired a wood preservatives business to strengthen its position in the market and expand its product portfolio with innovative formulations.
  • In March 2023, a venture capital firm invested $20 million in a startup specializing in nanotechnology-based wood preservatives, supporting their efforts to develop high-performance and long-lasting wood protection solutions.
  • In January 2023, a wood preservatives company announced a strategic partnership with a renewable energy company to explore opportunities for utilizing bio-based materials in wood preservation, aiming to reduce environmental impact.
  • In November 2022, a startup focused on sustainable wood preservation received a substantial funding round of $15 million, allowing the company to further refine its eco-friendly formulations and expand its market reach.
  • In September 2022, a wood preservatives manufacturer acquired a specialized technology firm to enhance its research capabilities and accelerate the development of innovative wood treatment solutions.

Wood Preservatives Key Market Trends

  • One key trend in the wood preservatives market is the increasing focus on sustainable and eco-friendly wood preservation solutions. There is a growing demand for wood preservatives that have lower toxicity levels, reduced environmental impact, and are compliant with stringent regulations. This trend is driven by the rising environmental consciousness among consumers, along with the implementation of stricter regulations by governing bodies. Manufacturers are investing in research and development to develop innovative and sustainable wood preservatives, such as water-based formulas and borate-based treatments, to meet the evolving market demands.

Wood Preservatives Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global wood preservatives market analysis, the market is witnessing steady growth due to the increasing demand for durable and long-lasting wood products across various industries. The construction sector, in particular, plays a significant role in driving the market, as wood preservatives are essential for protecting wooden structures from decay and environmental factors. The market is characterized by a shift towards environmentally friendly preservatives, driven by growing sustainability concerns. However, the market faces challenges such as regulatory restrictions on certain preservatives and the need for continuous innovation to meet environmental standards. Key players are focusing on research and development, strategic partnerships, and expanding their global presence to maintain a competitive edge.

Report Metric Details
Market size value in 2023 USD 1.80 billion
Market size value in 2031 USD 3.20 billion
Growth Rate 6.6%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Wood Preservatives, Oil-borne Preservatives, and Solvent-borne Preservatives
  • Application
    • Residential Construction, Commercial Construction, and Furniture
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Lonza Group Ltd. (Switzerland)
  • LANXESS AG (Germany)
  • Troy Corporation (US)
  • Viance LLC (US)
  • Remmers AG (Germany)
  • Dolphin Bay (South Africa)
  • Rio Tinto (UK)
  • Kurt Obermeier GmbH & Co. KG (Germany)
  • Janssen Preservation & Material Protection (Netherlands)
  • Safeguard Europe Ltd. (UK)
  • Rütgers Organics GmbH (Germany)
  • Lada Organics Pvt. Ltd. (India)
  • Quality Borate Company (US)
  • Wykamol Group (UK)
  • Nisus Corporation (US)
  • Osmose, Inc. (US)
  • Perma-Chink Systems, Inc. (US)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Wood Preservatives Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Wood Preservatives Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Wood Preservatives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Wood Preservatives Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Wood Preservatives Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Wood Preservatives Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Wood Preservatives Market size was valued at USD 1.80 billion in 2022 and is poised to grow from USD 1.92 billion in 2023 to USD 3.20 billion by 2031, growing at a CAGR of 6.6% during the forecast period (2024-2031).

The wood preservatives market is characterized by a mix of established companies and emerging players. Manufacturers in the market are focusing on product innovation, research and development, and strategic partnerships to gain a competitive edge. There is a growing trend toward environmentally friendly and low-toxicity wood preservatives, driving the market competition. Additionally, companies are expanding their footprint through mergers, acquisitions, and collaborations to tap into new markets and strengthen their distribution networks. The competitive landscape is dynamic, with companies striving to differentiate themselves by offering customized solutions and value-added services to meet the diverse customer demands. 'Lonza Group Ltd. (Switzerland)', 'Koppers Inc. (US)', 'LANXESS AG (Germany)', 'Borax Inc. (US)', 'BASF SE (Germany)', 'Troy Corporation (US)', 'Viance LLC (US)', 'Remmers AG (Germany)', 'Dolphin Bay (South Africa)', 'Rio Tinto (UK)', 'Kurt Obermeier GmbH & Co. KG (Germany)', 'Janssen Preservation & Material Protection (Netherlands)', 'Safeguard Europe Ltd. (UK)', 'Rütgers Organics GmbH (Germany)', 'Lada Organics Pvt. Ltd. (India)', 'Quality Borate Company (US)', 'Wykamol Group (UK)', 'Nisus Corporation (US)', 'Osmose, Inc. (US)', 'Perma-Chink Systems, Inc. (US)'

One key driver of the wood preservatives market is the increasing demand for durable and long-lasting wood products in various industries. With a growing emphasis on sustainability and cost-effectiveness, wood preservatives play a vital role in protecting wood from decay, insects, and environmental factors. The construction industry, in particular, drives the demand for wood preservatives as they help extend the lifespan of wooden structures. Additionally, the development of environmentally friendly preservatives further propels the market growth, aligning with the rising environmental consciousness.

One key trend in the wood preservatives market is the increasing focus on sustainable and eco-friendly wood preservation solutions. There is a growing demand for wood preservatives that have lower toxicity levels, reduced environmental impact, and are compliant with stringent regulations. This trend is driven by the rising environmental consciousness among consumers, along with the implementation of stricter regulations by governing bodies. Manufacturers are investing in research and development to develop innovative and sustainable wood preservatives, such as water-based formulas and borate-based treatments, to meet the evolving market demands.

North America dominated the wood preservatives market. The region has a well-established construction industry and a high demand for wood products in various applications. The United States and Canada are the key contributors to the wood preservatives market in North America.

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