PUNE, India, August 31, 2017 /PRNewswire/ --
According to a new market research report "Wood Preservative Market by Formulation (Water-Based, Oil-Based, Solvent-Based), Application (Residential, Commercial, Industrial), and Region - Global Forecast to 2022", the published by MarketsandMarkets™, market was valued at USD 1.61 Billion in 2017, and is projected to reach USD 2.09 Billion by 2022, at a CAGR of 5.4% from 2017 to 2022.
Browse 247 Market Data Tables and 46 Figures spread through 211 Pages and in-depth TOC on "Wood Preservative Market"
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The market is driven by the increased demand for Wood Preservative from various applications, such as structural & decking, fencing, landscaping, utility, railroad, and marine.
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Water-based is estimated to be the largest formulation segment of the global Wood Preservative market.
The water-based segment is estimated to be the largest formulation segment of the global Wood Preservative Market in 2017. Water-based Wood Preservatives include Copper azoles, Ammoniacal Copper Zinc Arsenate (ACZA), Chromated Copper Arsenate (CCA), ACQ compounds, copper-HDO, and borates. These preservatives are generally used in all applications and offer better performance for residential and commercial applications. Water-based Wood Preservatives leave the wood surface clean and dry, keeping it open to be painted even after the treatment. In contrast to this, oil-based Wood Preservative, for instance, creosote leaves an oily surface which is not paintable. Light organic solvent preservatives contain volatile organic compounds, which can evaporate and are hazardous to the environment. This makes the water-based Wood Preservative popular than other formulations. The demand for treated wood is continuously rising due to growing awareness regarding the use of Wood Preservative for the long life of wood and wooden constructions. The demand for the treated wood is propelled by the increasing disposable income of the population in the emerging regions. The use of CCA is restricted to industrial applications only and hence the demand for less harmful preservatives such as copper-HDO and ACQ is expected to increase during 2017-2022.
Residential application accounted for the largest application of the global Wood Preservative Market in 2016
The residential application constituted for the largest share of the Wood Preservative Market in 2016. Treated wood is used in structural, decking, fencing, and landscaping in residential applications. Wooden floor constructions are easy to maintain and are aesthetically attractive. Wooden houses also provide insulation from the cold environment, which helps keep the houses warm internally. Therefore, the applications of wood in residential constructions, decking, fencing, and landscaping are growing in developed as well as emerging countries.
Key companies profiled in the Global Wood Preservative Market research report include BASF Wolman (Germany), Koopers (US), Lonza (US), LANXESS (US), KMG Chemicals (US), Troy Corporation (US), Viance (US), Dolphin Bay (US), Remmers (Germany), and Wykamol (UK).
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