Wood Preservatives Market size was valued at USD 1.55 billion in 2023 and is likely to reach USD 2.85 billion by the end of 2036, registering around 4.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of wood preservatives is assessed at USD 1.61 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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
4.8% |
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Base Year Market Size (2023) |
USD 1.55 billion |
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Forecast Year Market Size (2036) |
USD 2.85 billion |
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Regional Scope |
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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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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 set to hold largest revenue share by 2036, 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.
Author Credits: Rajrani Baghel
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