Wood Preservatives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Wood Preservatives Market is segmented by Technology (Water-based Technologies, Oil-based Technologies, and Other Technologies), End-user Industry (Residential, Commercial, Infrastructural, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers the market size and forecasts in terms of revenue (USD million) for all the above segments.

Market Snapshot

wood preservatives market forecast
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: North America
CAGR: >4.5 %

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Market Overview

  • The wood preservatives market was valued at USD 2,553 million in 2021. It is projected to register a CAGR of over 4.5% during the forecast period (2022-2027).
  • The market was negatively impacted by the COVID-19 pandemic in 2020. However, it has now returned to pre-pandemic levels and is expected to grow at a steady pace.
  • Over the medium term, the factors driving the growth of the market studied are the increasing demand for wood in different applications​ and the increasing furniture production​.
  • On the other hand, the stringent government regulations on various wood preservatives may act as barriers to the growth of the market studied.
  • North America dominates the market studied, with the highest consumption recorded by the United States and Canada.

Scope of the Report

Wood preservatives help control wood degradation problems due to fungal rot or decay, sap stains, molds, or wood-destroying insects. Their usage helps increase a product's long-term resistance to attack by fungi, bacteria, insects, and marine borers. The wood preservative market is segmented by technology, end-user industry, and geography. By technology, the market is segmented into water-based technologies, oil-based technologies, and other technologies. By end-user industry, the market is segmented into residential, commercial, infrastructural, and other end-user industries. The report also studies the wood preservatives market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Technology
Water-based Technologies
Micronized Copper Systems
Chromated Copper Arsenate (CCA)
Borates
Other Water-based Technologies
Oil-based Technologies
Pentachlorophenol
Creosote
Other Oil-based Technologies
Other Technologies
End-user Industry
Residential
Commercial
Infrastructural
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Residential Construction Sector to Dominate the Market

  • Wood is used for many applications, such as furniture, walls, flooring, doors, roofs, cabinets, columns, beams, and staircases. Wood preservatives are those that claim to control wood degradation problems due to fungal rot or decay, sap stains, mold, or wood-destroying insects.
  • Wood preservatives include various chemicals, e.g., copper-based chemicals, borates, and creosote oils.
  • Wood preservatives are used in the manufacturing of outdoor products for residential purposes, such as utility poles, fence posts, rails, and lawn furniture. They are also used during construction, such as structural members and log homes.
  • The increasing demand for residential projects across the world is expected to drive the market for wood preservatives through the forecast period. ​
  • The construction sector in the Asia-Pacific region is the largest in the world and is expanding at a healthy rate, owing to the rising population, increase in middle-class income, and urbanization.​
  • Furthermore, India will likely witness an investment of around USD 1.3 trillion in housing over the next seven years. It is expected to witness the construction of 60 million new homes.
  • Glue-laminated beams (Glulam) are used as straight beams, columns such as lintels, purlins, ridge beams, and floor beams, tied rafters, and trusses in the construction of buildings. Here, wood preservatives are prominently used.
  • The growing residential construction activity in countries such as China, Japan, the United Kingdom, the United States, and India is driving the wood preservatives market.
  • Hence, based on the aforementioned aspects, the residential segment is expected to dominate the market.
wood preservatives market trends

North America to Dominate the Market

  • With the growing construction activities in countries such as the United States, Canada, and Mexico, the utilization of wood preservatives is increasing in the North American region.
  • A trillion-dollar infrastructure bill by the US government is expected to drive the market for wood preservatives in the United States during the forecast period.
  • According to the Canadian Construction Association, the construction sector is one of Canada’s largest employers and a significant contributor to the country’s economic success. The industry contributes 7% of the country’s gross domestic product (GDP).
  • In Canada, the residential and commercial sectors have been witnessing steady growth in the recent past. The country witnessed some of its largest construction projects, including the Panda Condominium, the Harwood Condominium, Power and Adelaide Condominium, and Amazon Distribution Centre/Ottawa.
  • Apart from furniture, wood preservatives are also used in flooring, decks, plywood, cabinet, particleboard, windows, and doors.
  • As part of the "Investing in Canada," the government announced its plans to invest nearly USD 140 billion in major infrastructure developments in the country by 2028. In 2019-2020, the government planned to approve investments of USD 5.6 billion for new infrastructure projects in the country. ​
  • The aforementioned factors, coupled with government support, are expected to make the North American region dominant in the global market.
wood preservatives market growth

Competitive Landscape

The global wood preservatives market is partially fragmented in nature, owing to the presence of a large number of players occupying insignificant shares. Some of the major companies are Koppers Performance Chemicals, Lonza Specialty ingredients, LANXESS, Wolman Wood and Fire Protection GmbH, and Troy Corporation.

Recent Developments

  • In November 2021, Arxada, a global specialty chemicals business, and Troy Corporation entered an agreement to merge the two companies. This agreement represents the first strategic deal by Arxada, formerly known as Lonza Specialty Ingredients or LSI, and owned by private equity funds Bain Capital and Cinven, since the purchase from Lonza Group AG in July 2021. As part of the deal structure, Troy’s owners invested in the combined company.
  • In September 2021, Viance announced an agreement with a Meredith Schneider Company (AMS) and a William C. Meredith Company (WCM). WCM and AMS will produce and distribute UltraPole NXT poles treated with DCOI to most US markets using Southern Yellow Pine poles.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand for Wood in Different Applications

      2. 4.1.2 Increasing Furniture Production

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Technology

      1. 5.1.1 Water-based Technologies

        1. 5.1.1.1 Micronized Copper Systems

        2. 5.1.1.2 Chromated Copper Arsenate (CCA)

        3. 5.1.1.3 Borates

        4. 5.1.1.4 Other Water-based Technologies

      2. 5.1.2 Oil-based Technologies

        1. 5.1.2.1 Pentachlorophenol

        2. 5.1.2.2 Creosote

        3. 5.1.2.3 Other Oil-based Technologies

      3. 5.1.3 Other Technologies

    2. 5.2 End-user Industry

      1. 5.2.1 Residential

      2. 5.2.2 Commercial

      3. 5.2.3 Infrastructural

      4. 5.2.4 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Advance Agrisearch Limited

      2. 6.4.2 Wolman Wood and Fire Protection GmbH

      3. 6.4.3 Copper Care Wood Preservatives Inc.

      4. 6.4.4 Dolphin Bay

      5. 6.4.5 Janssen Pharmaceutica NV

      6. 6.4.6 Rio Tinto

      7. 6.4.7 Jubilant

      8. 6.4.8 Koppers Performance Chemicals

      9. 6.4.9 Kurt Obermeier GmbH & Co. KG

      10. 6.4.10 LANXESS

      11. 6.4.11 Lonza Specialty Ingredients (Bain Capital and Cinven)

      12. 6.4.12 Nisus Corporation

      13. 6.4.13 Changchun Wood Preservative Manufacturing Co. Ltd

      14. 6.4.14 Sanyu Chemical (Shenzhen) Co. Ltd

      15. 6.4.15 Remmers Gruppe AG

      16. 6.4.16 TIMBERLIFE(PTY) LTD

      17. 6.4.17 Troy Corporation

      18. 6.4.18 Viance

      19. 6.4.19 Wykamol Group Ltd

      20. 6.4.20 BERKEM

      21. 6.4.21 Impra Wood Protection Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Development of Eco-friendly Wood Preservatives

**Subject to Availability

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Frequently Asked Questions

The Wood Preservatives Market market is studied from 2017 - 2027.

The Wood Preservatives Market is growing at a CAGR of >4.5% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Koppers Performance Chemicals, Lonza Specialty ingredients, LANXESS, Wolman Wood and Fire Protection GmbH, Troy Corporation are the major companies operating in Wood Preservatives Market.

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