Wood Preservative Market by Formulation, Application, and Region - Global Forecast to 2022

Wood Preservative Market by Formulation, Application, and Region - Global Forecast to 2022

PR Newswire

DUBLIN, September 13, 2017

DUBLIN, September 13, 2017 /PRNewswire/ --

The "Wood Preservative Market by Formulation (Water-Based, Oil-Based, Solvent-Based), Application (Residential, Commercial, Industrial), and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.

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The global wood preservative market is projected to reach USD 2.09 Billion by 2022, at a CAGR of 5.4% from 2017 to 2022

Wood preservative increase the life of wood by protecting it from decay, fungi, rot, and wood borer insects. Wood preservative include various chemicals such as copper based chemicals, borates, creosote oils, and other chemicals. These wood preservative chemicals can be segmented on the basis of formulations as water-based, oil-based, and solvent-based wood preservative. Different wood preservative are used in different applications depending on the environment in which the treated wood is to be used.

The applications of wood preservative can be broadly segmented as residential, commercial, and industrial. Structural & decking, fencing, landscaping, and furniture are some of the subapplications of residential and commercial applications. Industrial applications include utility poles, railroad ties, and marine applications.

In 2016, the residential application segment accounted for the largest share of the global wood preservative market and is expected to continue to lead during the forecast period. Wood preservative are used in the residential sector to increase the life of wooden structures and wooden decorations.

The growth in the demand for wood in various applications and increasing awareness of the benefits of wood preservative has led to an increase in the demand for wood preservative. In 2016, North America accounted for the largest share of the global wood preservative market. The US accounted for the largest share of the North American wood preservative market in 2016, whereas, this market in Mexico and Canada is anticipated to grow at a higher CAGR compared to that of the US during the forecast period.

The major restraining factor for the wood preservative market is the limited consumption of wood preservative in the emerging economies due to lack of awareness. The restrictions by environmental agencies on the use of some wood preservative such as CCA, creosote, and pentachlorophenol in some applications can also act as a restraint for the growth of the market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Wood Preservatives Market, By Formulation

7 Wood Preservatives Market, By Application

8 Wood Preservatives Market, By Region

9 Competitive Landscape

10 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/jbbw94/wood_preservative

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