Wood Preservatives Market Share

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.

Frequently Asked Questions (FAQ)

Rapid urbanisation and rising demand for timber are the main factors driving the market growth.

The market is anticipated to achieve a significant CAGR over the forecast period, i.e., 2021-2029.

Lack of awareness regarding the benefits of wood preservatives and restrictions on usage of synthetic wood preservatives are estimated to hamper the market growth.

The market in Asia Pacific is estimated to provide notable business opportunities owing to the growing demand for improved wood preservatives.

The major players of the market are Koppers, Inc., LANXESS AG, Lonza Group Ltd., Troy Corporation, CMC Materials Corporation, and others.

Wood Preservatives Market Share