Growth Drivers
Challenges
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. The market in North America is anticipated to hold a leading share during the forecast period on the back of 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. 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.
The global wood preservatives market is further classified on the basis of regions is as follows:
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
4.8% |
Base Year Market Size (2024) |
USD 1.62 billion |
Forecast Year Market Size (2037) |
USD 2.98 billion |
Regional Scope |
|
Author Credits: Rajrani Baghel
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