Wood Preservatives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Wood Preservatives Market is segmented by technology (water-based technologies (micronized copper systems, Chromated Copper Arsenate (CCA), borates, and other water-based technologies), oil-based technologies (pentachlorophenol, creosote, and other 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 for revenue (USD million) for all the above segments.

Wood Preservatives Market Size

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Wood Preservatives Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 2.91 Billion
Market Size (2029) USD 3.64 Billion
CAGR (2024 - 2029) 4.56 %
Fastest Growing Market Asia-Pacific
Largest Market North America

Major Players

Wood Preservatives Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Wood Preservatives Market Analysis

The Wood Preservatives Market size is estimated at USD 2.91 billion in 2024, and is expected to reach USD 3.64 billion by 2029, growing at a CAGR of 4.56% during the forecast period (2024-2029).

The COVID-19 pandemic moderately impacted the market in 2020. However, it now returned to pre-pandemic levels and is expected to grow steadily.

  • Over the medium term, the factors driving the market's growth 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 market's growth.
  • Developing eco-friendly wood preservatives will likely offer new growth opportunities to the industry.
  • North America dominates the market studied, with the highest consumption recorded by the United States and Canada.

Wood Preservatives Market Trends

This section covers the major market trends shaping the Wood Preservatives Market according to our research experts:

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 to manufacture residential outdoor products, such as utility poles, fence posts, rails, and lawn furniture. They are also used during construction, including structural members and log homes.
  • Glue-laminated beams (Glulam) are used as straight beams, columns such as lintels, purlins, ridge beams, floor beams, tied rafters, and trusses in the construction of buildings. Here, wood preservatives are prominently used.
  • The increasing demand for residential projects worldwide is expected to drive the market for wood preservatives through the forecast period. The growing residential construction activity in countries such as China, Japan, the United Kingdom, the United States, and India will drive the wood preservatives market.
  • The highest growth is expected to be registered in the Asia-Pacific region, owing to China and India's expanding housing construction markets. These two countries are expected to represent over 43.3% of the global middle class by 2030. The government of India reduced the GST taxes for housing from 12% to 5%. This tax redemption may increase the construction market for middle-class housing.
  • Furthermore, India will likely witness an investment of around USD 1.3 trillion in housing over the next seven years. The current housing shortage in urban areas is estimated to be ~10 million units. An additional 25 million affordable housing units are required by 2030 to meet the country's urban population growth.
  • The rising residential construction in the United States is also one of the major factors driving the overall wood preservatives market growth. According to the US Census Bureau, around 1,411 million units (seasonally adjusted annual rate) of privatelyowned housing were completed in December 2022, above by 6.4% (1,326 million units) from December 2021.
  • Hence, based on the aspects above, the residential segment is expected to dominate the market.
Wood Preservatives Market - Value of Construction Put in Place for Residential, in USD Billion, in United States, 2022

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 most significant construction projects, including the Panda Condominium, the Harwood Condominium, the Power and Adelaide Condominium, and the 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 significant infrastructure developments by 2028. According to Statistics Canada, Saskatchewan is the leading building construction investment province. In October 2022, investment in building construction was up 39.3% compared to October 2021. The value of building construction investments was USD 445 million in October 2022.
  • The factors above, coupled with government support, are expected to make the North American region dominant in the global market.
Wood Preservatives Market - Growth Rate by Region, 2023-2028

Wood Preservatives Industry Overview

The global wood preservatives market is partially fragmented due to many players occupying insignificant shares. Some major companies are Koppers Performance Chemicals, Lonza Specialty Ingredients, LANXESS, Wolman Wood and Fire Protection GmbH, and Troy Corporation.

Wood Preservatives Market Leaders

  1. Koppers Performance Chemicals

  2. LANXESS

  3. Wolman Wood and Fire Protection GmbH

  4. Troy Corporation

  5. Lonza Specialty Ingredients (Bain Capital and Cinven)

*Disclaimer: Major Players sorted in no particular order

Wood Preservatives Market Concentration
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Wood Preservatives Market News

  • October 2022: Koppers Performance Chemicals Inc. announced a significant market share expansion in industrial and commercial wood preservation technology markets.
  • January 2022: LANXESS and Matrìca, a joint venture between Versalis (Eni) and Novamont, partnered to produce sustainable biocide preservatives from renewable raw materials. With this partnership, both companies aim to significantly advance the production of sustainable preservatives and address the markets' growing demand.
  • January 2022: Arxada announced the completion of the merger with Troy Corporation, a global leader in microbial control solutions and performance additives. The combination creates a comprehensive and innovative offering in Arxada's Microbial Control Solutions ('MCS') business, enabling the delivery of new solutions and value-added services to customers.

Wood Preservatives Market Report - 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 (Market Size in Value)

    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 Rio Tinto

      6. 6.4.6 Jubilant

      7. 6.4.7 Koppers Performance Chemicals

      8. 6.4.8 Kurt Obermeier GmbH & Co. KG

      9. 6.4.9 LANXESS

      10. 6.4.10 Lonza Specialty Ingredients (Bain Capital and Cinven)

      11. 6.4.11 Nisus Corporation

      12. 6.4.12 Changchun Wood Preservative Manufacturing Co. Ltd

      13. 6.4.13 Sanyu Chemical (Shenzhen) Co. Ltd

      14. 6.4.14 Remmers Gruppe AG

      15. 6.4.15 TIMBERLIFE (PTY) LTD

      16. 6.4.16 Troy Corporation

      17. 6.4.17 Viance

      18. 6.4.18 Wykamol Group Ltd

      19. 6.4.19 BERKEM

      20. 6.4.20 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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Wood Preservatives Industry Segmentation

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. The market is segmented by technology: water-based, oil-based, 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 based on 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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Wood Preservatives Market Research FAQs

The Wood Preservatives Market size is expected to reach USD 2.91 billion in 2024 and grow at a CAGR of 4.56% to reach USD 3.64 billion by 2029.

In 2024, the Wood Preservatives Market size is expected to reach USD 2.91 billion.

Koppers Performance Chemicals, LANXESS, Wolman Wood and Fire Protection GmbH, Troy Corporation and Lonza Specialty Ingredients (Bain Capital and Cinven) are the major companies operating in the Wood Preservatives Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Wood Preservatives Market.

In 2023, the Wood Preservatives Market size was estimated at USD 2.78 billion. The report covers the Wood Preservatives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Wood Preservatives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Wood Preservatives Industry Report

Statistics for the 2024 Wood Preservatives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Wood Preservatives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Wood Preservatives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)