Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Wood Preservatives Market size was over USD 1.62 billion in 2024 and is anticipated to cross USD 2.98 billion by 2037, growing at more than 4.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of wood preservatives is estimated at USD 1.69 billion.
The growth of the wood preservatives market can be attributed to rapid urbanisation, increasing construction and infrastructure activities, and growing demand for timber for interior designing purposes in the coming years. As per our analysis, more than USD 11 trillion were spent on construction activities globally in 2018. This amount is estimated to rise up to USD 17 trillion by the end of 2030. Another aspect expected to contribute to market growth is the rising need to protect wood decay from harmful microbial organisms and marine borers. Preservative treatments enhance effectiveness and operational life of wooden products, along with reducing maintenance costs associated with furniture, which in turn is projected to fuel the demand for wood preservatives in the near future. However, the manufacture of wood preservatives declined during the COVID-19 crisis owing to the suspension of production by several companies. According to a report by the United Nations Industrial Development Organization (UNIDO), industrialized economies registered a decrease in manufacturing output by 2.5% during the first quarter of 2020.
Wood Preservatives Sector: Growth Drivers and Challenges
Growth Drivers
- Rise in Urbanisation
- Increasing Demand for Timber for Construction Purposes
Challenges
- Regulations on the Use of Synthetic Wood Preservatives
- Lack of Awareness about the Benefits of Wood Preservatives
Wood Preservatives Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
4.8% |
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Base Year Market Size (2024) |
USD 1.62 billion |
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Forecast Year Market Size (2037) |
USD 2.98 billion |
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Regional Scope |
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Wood Preservatives Segmentation
The market is segmented into oil-based, water-based and fumigants segments. Out of these, the section for water-based wood preservatives grabs the largest market share and is anticipated to expand at the highest growth rate during the forecast period. This can be accounted to their properties such as ease of handling, leach-resistance and safety from fire or explosion. Furthermore, based on application, the industrial segment is assessed to witness significant growth accounting to the increasing rate of industrialisation in developing nations and growing use of wood in industrial sector for a wide range of indoor and outdoor applications.
Our in-depth analysis of the global market includes the following segments
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By Type |
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By Application |
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Customize this ReportWood Preservatives Industry - Regional Synopsis
North America Market Statistics
On the basis of regional analysis, the global wood preservatives market is segmented into five regions, namely North America, Latin America, Asia Pacific, Europe and the Middle East & Africa. North America industry is estimated to dominate majority revenue share by 2037, led by growing government investments in the infrastructure sector and rising demand for eco-friendly wood preservatives. According to the USA Facts Institute, in 2018, the federal government in U.S.A spent around $169 billion on infrastructure activities. The market in this region is expected to garner a revenue of more than $2 trillion before the start of 2026.
APAC Market Analysis
Furthermore, Asia Pacific region is evaluated to be the most futuristic market for wood preservatives during the forecast period as a result of growing construction sector of this region, especially in countries like China, Japan and India, and the demand for improved products for wood conservation.
Companies Dominating the Wood Preservatives Landscape
- Koppers Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- LANXESS AG
- Lonza Group Ltd.
- Troy Corporation
- BASF SE
- CMC Materials Corporation
- Kurt Obermeier GmbH & Co. KG
- Remmers GmbH
- Buckman International, Inc.
- Quality Borate, LLC
In the News
Author Credits: Rajrani Baghel
- Report ID: 2893
- Published Date: Dec 23, 2024
- Report Format: PDF, PPT
