According to a new market research report published by Credence Research, Inc. “Wood Preservative Chemicals Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” wood Preservative chemicals market was valued at US$ 1.65 Bn in 2016, and is expected to reach around US$ 2.53 Bn by 2025, expanding at a CAGR of 5.5% from 2017 to 2025.
The purpose of the report is to illustrate the state of the market of Sterile Injectables, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Wood preservative chemical are used to increase life span of woods by controlling insects, bacteria and fungus from decaying. Wooden furniture have a significant share in the furniture industry, which led to the demand for wood preservative. Wood preservative chemical market is growing due to the strict rules that limits wood usage. Wood is protected by using chemicals and numerous treatment methods that extend their working life and reduces the maintenance cost. Durable wooden furniture industry growth is likely to have an optimistic influence on the wood preservative chemical market in the forecast period. Wood preservative chemicals plays a major role in the construction process of buildings. The increase in construction spending will indirectly increase the demand for wood, which will, due to which demand for wood preservatives will also increase. Growing disposable income and rapidly developing economies, mainly in the developing regions are the major factor led to the growth of the market in the forecast period. Wood preservative chemical is used in decking, public infrastructure, railroad products, fencing, construction, furniture & flooring, sports equipment, art & decoration, and music instruments. Swift industrialization is expected to enhance the demand for wood preservative chemical market.
The water-borne preservative segment was the largest segment of the global wood preservative chemical market in 2016. Water-base preservatives accounted for more than 65% share of the global wood preservation chemicals market in 2016. These preservative are commonly used in all applications and offer better performance for residential and commercial applications. The demand for treated wood is driven by the increasing disposable income of the population in the emerging regions.
North America is the largest market for the wood preservative chemical market due to technological developments and strategic initiatives undertaken by the industry members. North America is projected to continue with its leading position during the forecast period. Asia Pacific and Latin America are projected to spectate vigorous demand for wood preservative chemicals in the near future, due to rise in construction activity and indulgent regulatory framework associated to usage of wood.
Some of the major companies operating in the market include BASF SE, Janssen Preservative and Material Protection, KMG Chemicals Inc, Kop-Coat Incorporated, Kurt Obermeier GmbH & Co. KG, Lapeyre SA, Osmose Inc., Lonza Group Ltd., Rio Tinto Borax, RUTGERS Organic and Viance LLC., Osmose Inc.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Sterile Injectables buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Wood Preservative Chemicals contains:
Analysis and forecast of Sterile Injectables market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Sterile Injectables market;
Assessment and forecast of Sterile Injectables market development;
Financial and business profiles of the leading companies in the Sterile Injectables industry.
– Up to date working Sterile Injectables data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Sterile Injectables for the period 2018 to 2026
– Planned Sterile Injectables additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Sterile Injectables projects by region, key countries, and companies
– Details of major planned Sterile Injectables projects in the world up to 2026
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