Global Wood Preservative Market is expected to reach USD 2.31 Billion by 2024 from USD 1.58 Billion in 2016 at a CAGR of 5.6.
Artificial wood preservative market is replaced by eco-friendly wood preservatives it has gain popularity. Limited availability of wood and stringent government regulations on the usage of synthetic wood preservatives, are major factors hampering the growth of global wood preservatives market. Use of wood in marine piling, utility fencing, decking, and in infrastructure is driving the market for wood preservative.
Global Wood Preservative Market
Wood preservative market based on formulation has been segmented into water based, oil based and solvent based. Water-based wood preservative exhibits high performance and long retention time among others hence is the leading segment.
Residential, commercial and industrial are application segments of wood preservative. Residential application segment is leading the market attributed to its use in the residential sector for wooden structures, wooden decorations and other wooden artefacts. Modification in infrastructure led by economically emerging countries is about to augment the deamand off wood preservative.
North America, Europe, Asia Pacific, Middle East & Africa and Latin America are regional segments of wood preservative market. North America is expected to be one of the largest shares of the market during the forecast period. North America is followed by Asia Pacific and Europe.
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Scope of the report:
Wood Preservative Market, by Formulation:
Wood Preservative Market, by Application:
Wood Preservative Market, by Geography:
Key Players Operating in the Wood Preservative Market:
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