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Outlook on the Wood Preservatives Global Market to 2030 - Asia-Pacific is Projected to Be the Fastest Growing Region

·5-min read
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Global Wood Preservatives Market

Global Wood Preservatives Market
Global Wood Preservatives Market

Dublin, Aug. 15, 2022 (GLOBE NEWSWIRE) -- The "Wood Preservatives Market, by Formulation, by Application, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.

Wood preservatives are the chemicals that aid in extending the life of wood, engineered wood, and wood structures by protecting them from fungal rot or decay, molds, insects, and sapstain. Wood preservatives are used in residential as well as industrial applications. For instance, due to easy maintenance benefits of wood preservatives, it is extensively used in hardwood floorings.

Growing demand for thermal power coatings from automotive industry is expected to boost the market growth of thermal barrier coatings. In automotive application, thermal barrier coatings are used to reduce heat loss from engine exhaust system components, including exhaust manifolds, turbocharger casings, exhaust headers, downpipes, and tailpipes. A gradual increase in Electric Vehicles (EVs) on roads is expected to positively propel the growth of the automotive industry. This, in turn, is further expected to create demand for TBCs during the forecast period.

Market Dynamics

Increasing use of wood and wood products due to high demand for wooden architecture and furniture and rising concerns regarding use of toxic preservatives, in turn is driving demand for eco-friendly wood preservatives. Moreover, increase in the standard of living of people backed by use of premium wood decoratives is further anticipated to drive the global wood preservatives market.

North America held a dominant position in the global wood preservatives market in 2021, owing to rise in industrial application of wood preservatives for utility poles, railway ties and various other applications. Moreover, growth in construction and industrial sectors has further augmented growth of the wood preservatives market in North America.

Asia Pacific is projected to be the fastest growing region in the global wood preservatives market over the forecast period, owing to rise in construction activities in region. For instance, in 2021, the government of China had planned to invest US$ 2.3 Trillion on infrastructure projects. This further fuelled residential application of wood preservatives thereby, propelling growth of the wood preservatives market in the region. Moreover, rise in disposable income of the middle class people, allowed them to purchase luxury products such as wooden furniture and wooden artifacts, which had a positive impact on the wood preservatives market in the region.

Key features of the study:

  • This report provides an in-depth analysis of global Thermal barrier coatings market, and provides market size (US$ billion & KT) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year

  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market

  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players

  • It profiles key players in the global Thermal barrier coatings market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans

  • Key companies covered as a part of this study include LANXESS AG, Cabot Microelectronics, BASF Wolman GmbH, Borax Inc., KMG Chemicals Inc., Kop-Coat Inc. Koppers Inc., Kurt Obermeier GmbH & Co. KG, Arxada, Remmers AG.

  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics

  • The global Thermal barrier coatings market report caters to various stakeholders in this industry including investors, suppliers, Thermal barrier coatings manufacturers, distributors, new entrants, and financial analysts

  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Thermal barrier coatings market

Key Topics Covered:

1. Research Objectives and Assumptions

2. Market Purview

  • Report Description

  • Market Definition and Scope

  • Executive Summary

  • Market Snippet, By Formulation

  • Market Snippet, By Application

  • Market Snippet, By Region

  • Publisher Opportunity Map

3. Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics

  • Drivers

  • Restraints

  • PEST Analysis

  • PORTER's Five Forces Analysis

  • Market Opportunities

  • Regulatory Scenario

  • Key Developments

  • Industry Trend

4. Global Wood Preservatives Market - Impact of Coronavirus (COVID-19) Pandemic

  • Overview

  • Factors Affecting Global Wood Preservatives Market - COVID-19

  • Impact Analysis

5. Global Wood Preservatives Market, By Formulation, 2017-2030 (US$ Billion and KT)

  • Introduction

  • Market Share Analysis, 2021, 2025, and 2030 (%)

  • Y-o-Y Growth Analysis, 2022 - 2030

  • Segment Trends

  • Water Based

  • Introduction

  • Market Size and Forecast, and Y-o-Y Growth, 2022 - 2030, (US$ Billion and KT)

  • Solvent Based

  • Introduction

  • Market Size and Forecast, and Y-o-Y Growth, 2022 - 2030, (US$ Billion and KT)

  • Oil Based

  • Introduction

  • Market Size and Forecast, and Y-o-Y Growth, 2022 - 2030, (US$ Billion and KT)

6. Global Wood Preservatives Market, By Application, 2017-2030 (US$ Billion and KT)

  • Introduction

  • Market Share Analysis, 2021, 2025, and 2030 (%)

  • Y-o-Y Growth Analysis, 2022 - 2030

  • Segment Trends

  • Residential

  • Introduction

  • Market Size and Forecast, and Y-o-Y Growth, 2022 - 2030, (US$ Billion and KT)

  • Commercial

  • Introduction

  • Market Size and Forecast, and Y-o-Y Growth, 2022 - 2030, (US$ Billion and KT)

7. Global Wood Preservatives Market, By Region, 2017-2030 (US$ Billion and KT)

8. Competitive Landscape

  • Heat Map Analysis

  • Market Share Analysis (3x3 Matrix)

  • Company Profiles

  • LANXESS AG

  • Cabot Microelectronics

  • BASF Wolman GmbH

  • Borax Inc

  • KMG Chemicals Inc.

  • Kop-Coat Inc.

  • Koppers Inc.

  • Kurt Obermeier GmbH & Co. KG.

  • Arxada

  • Remmers AG.

9. Section

For more information about this report visit https://www.researchandmarkets.com/r/d5d2bh

Attachment

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