Wood Preservatives Market Size Worth US 2.0 Billion By 2030 CAGR 5.4: Reports and Insightsvalid until: 29 Nov 2023date published: 29 Nov 2022
The report is titled as ‘Wood Preservatives Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the wood preservatives market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Wood preservatives market is expected to grow at a significant rate in the near future.
The global wood preservatives market in 2020 is estimated for more than US$ 1.3 Bn and expected to reach a value of US$ 2.0 Bn by 2028 with a significant CAGR of 5.4%.
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Wood Preservatives Introduction
Wood is an integral part of the building as well as housing materials and is used during the manufacturing of furniture, doors, and flooring, etc. hence, its preservation is the main concern of this era that increases the demand for wood preservatives. Wood preservatives are the compounds that preserve and extend the life of wood, by preventing it from decay, fungi, rot, and other conditions. Wood preservation accounts to numerous chemicals like copper-based chemicals, coatings of oils, etc. each wood preservative has a unique property, and thus it has to use as per its properties and ability to withstand different environmental conditions.
Wood Preservatives Market Dynamics
Increasing per capita income and rapid urbanization are the prime factors that are propelling the growth of this market. However, the innovation of eco-friendly wood preservative chemicals coupled with the emerging technologies in this area is also fueling its growth. Factors, like, growing timber market and changing consumer perception with respect to wooden interiors are also fueling the demand for wood preservatives around the globe. However, the restrictions on plant cutting and applications of chemicals like chromium and arsenic may restrict the growth of this market.
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Wood Preservatives Market Segmentation
The wood preservatives market is segmented on the basis of formulation, application, and region.
On the basis of formulation
Water-Based Wood Preservative
Copper-Based Waterborne Wood Preservative
Non-Copper-Based Waterborne Wood Preservative
Solvent-Based Wood Preservative
Oil-Based Wood Preservative
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