Wood Preservative Chemicals Market – What Factors will drive the Market in Upcoming Years and How it is Going to Impact on Global Industry
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 report covers outlook and research for the Wood Preservative Chemicals market on a worldwide and regional level. The research gives noteworthy data of 2015-2017 alongside an outlook from 2018 to 2026 in view of revenue (USD Billion). The examination includes drivers and limitations for the Wood Preservative Chemicals market beside the effect they have on the request over the figure time frame. Furthermore, the report combines the study of possibilities available in the Wood Preservative Chemicals market on a worldwide level.
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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.
This report offers extensive research on the worldwide Wood Preservative Chemicals showcase alongside, market trends, market size, drivers, and restraints of the Wood Preservative Chemicals market. This report includes an itemized focused scenario and item pattern of key merchants. To understand the competitive scene in the market, a research of Porter’s five forces model for the market has additionally been incorporated. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.
Key aspects of the study include:
Wood Preservative Chemicals Market Snapshot
Classification of Wood Preservative Chemicals Market
Market Overview: Market drivers, restraints and key trends analysis
Competitive analysis of the key players operating in the market
Market size split on the basis of geographies and sub-geographies
Cross-sectional market size for all segments per sub-geography
Historical market size for year 2016 with 2017 as the base year
Forecast period: 2018 to 2026
Key questions answered in the Report
What is the Current Market Size and Forecast for Wood Preservative Chemicals Market?
Who are major players in the industry and what are their strategies and developments in the recent years?
What are the key segments expected to emerge as the most attractive during the forecast period?
Which is the most lucrative geographic region for Wood Preservative Chemicals market?
At Credence Research, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most detailed analysis of the industry. The research process begins with extensive data mining, using authoritative sources such as trade magazines, technical publications, independent studies along with paid avenues.
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