Global Wood Preservative Chemicals Market Report 2021: Market to Reach $2.3 Billion by 2027 - Water-based Segment to Account for $1.8 Billion
Dublin, July 20, 2021 (GLOBE NEWSWIRE) -- The "Wood Preservative Chemicals - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Wood Preservative Chemicals Market to Reach $2.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Wood Preservative Chemicals estimated at US$1.7 Billion in the year 2020, is projected to reach a revised size of US$2.3 Billion by 2027, growing at a CAGR of 4.4% over the period 2020-2027.
Water-based, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach US$1.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Other Formulations segment is readjusted to a revised 3.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $472.7 Million, While China is Forecast to Grow at 5.9% CAGR
The Wood Preservative Chemicals market in the U.S. is estimated at US$472.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$355.8 Million by the year 2027 trailing a CAGR of 5.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Wood Preservative Chemicals to Take a Hit as the Construction Industry Reels Under the Pandemic
Wood Preservative Chemicals: An Introduction
Types of Wood Preservative Chemicals
Select End-Use Applications
Rising Use of Wood and Wood-based Products Spurs Demand for Wood Preservative Chemicals
Developed Nations Lead, Developing Regions to Drive Future Growth
Waterborne Formulations: The Preferred Type of Wood Preservative Chemical
Sustained Demand for Myriad End-Use Applications Supports Market Growth
Competition
Recent Market Activity
2. FOCUS ON SELECT PLAYERS(Total 62 Featured)
BASF Wolman GmbH
Borax, Inc.
Janssen PMP
KMG Chemicals, Inc.
Kop-Coat, Inc.
Koppers, Inc.
Kurt Obermeier GmbH & Co. KG
LANXESS AG
Lonza Group Ltd
RUTGERS Organics GmbH
Viance LLC
3. MARKET TRENDS & DRIVERS
Rising Concerns over Toxicity Push Global Demand for Eco-Friendly Wood Preservative Chemicals
Nanotechnology Gains Significance in Wood Preservation and Protection
High Demand for Wooden Furniture Sustains Demand for Preservative Chemicals
Expanding Wood Flooring Market Spells Growth for Wood Preservatives
Wooden Railroad Crossties Drive the Need for Wood Preservatives
Wood Composites to Drive Demand
FRT Wood Benefits from Rise in Mid-Rise Constructions
Quest for Viable Alternatives Continues
Emergence of Boron-Based Systems
Micronized Copper Wood Treatments
Biocides: Steady Demand from Wood Preservatives Market
Renovation & Remodeling Open Opportunities for Wood Preservative Chemicals
Demand for Interior Wood Applications to Outshine Exterior Applications
Rapid Urbanization and Ensuing Demand for Wood & Wood Products Drive Prospects for Wood Preservative Chemicals Market
Burgeoning Middle Class Population Worldwide Spurs Market Growth
Environmental & Regulatory Issues
EPA Prohibits Domestic Use of ACC-Treated Wood
Pressure Treated Wood - Key Concerns
Impact of CCA on the Environment
Environmental Concerns Over ACZA Treated Wood
Use of Creosote and Risks Associated
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
UNITED STATES
Market Overview
New Formulations to Spur Demand
Revision of AWPA Standards Benefits Demand for Wood Preservatives
Slower Growth in Railway Industry Affects Preservatives Demand
Water Borne Preservatives: The Dominance Continues
Construction Industry Dynamics Influence Wood Preservative Chemicals Market
United States Construction Spending Growth: July 2019-May 2020
Home Repair and Improvement Spending Levels Influence Demand for Wood Products and Preservative Chemicals
Wood Decking Sustains Competition from Alternatives
Borates Find Use in House Frames
Utility Pole Treatment: A Major Application for Wood Preservatives
Pentachlorophenol to Face a Phase Out
Concerns Associated with Preservative-Treated Wooden Utility Poles
Crossties: A Major End-Use Market
Demand on Rise for Dual-Treated Wood Crossties in Railroads
Emerging Need for New Application Markets
EPA Bans Domestic Use of ACC-Treated Wood
CCA Alternatives: Rise of Copper-Based Wood Preservatives
Organics Preservatives Gain Momentum
Increasing Use of Non-Wood Materials Restrains Market Growth
Market Analytics
CANADA
JAPAN
CHINA
Rising Demand for Outdoor Wooden Furniture: Potential for Wood Preservation Market
Focus Grows on New Technologies
Challenges Facing Wood Preservatives Market
Construction Industry Trends and Demand for Wood Preservatives
EUROPE
Market Analytics
Market Overview
Product Trends
Waterborne Vs Solvent-based Preservatives
EU Imposes Tighter Restrictions on Creosote Use
Creosote Use in Wooden Sleepers: Affected by Restrictions on Creosote
Chromium-based Preservatives: Under the Scanner
Construction and Growth Prospects for Wood Preservative Chemicals Market
European Decking Market: An Insight
European Fencing Market: An Overview
Europe Transitions from Wood Preservation to Wood Protection
Timber Preservation Standards in Europe
Regulatory Environment
Biocidal Products Regulations (BPR)
Biocidal Products Directive (BPD)
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
Wood Preservation in Nordic Region: An Overview
Commonly Used Wood Preservation Chemicals
Emerging Wood Preservation Technologies and Chemicals
Sweden: A Major Market for Wood Preservation
Market Analytics
ASIA-PACIFIC
AUSTRALIA
INDIA
Construction Industry Trends Impact Demand
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
IV. COMPETITION
Total Companies Profiled: 62
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