Wood Preservatives Market Research Report

 

Wood Preservatives Market:

Growth opportunities in the Wood Preservatives Market look promising over the next six years. This is mainly due to the continuous technological advancements along with the rising preference of individuals regarding eco-friendly wood preservatives.

Request for a FREE Sample Report on Wood Preservatives Market

Wood Preservatives Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The drivers responsible for the growth of the global wood preservatives market include the favorable strategic measures by government bodies, like an initiative started by the Canadian government for wood preservation along with the technical guidance for the protection. Another investment by the U.K. government, totaling US$ 7.09 billion, directed to emphasize the infrastructural development is further stimulating the market demand. These strategies by government across different regions and ongoing technological expansion are strengthening the market's growth. For instance, Koppers is involved in launching new materials including copper azoles, borates, copper naphthenate, etc.

Also, supporting guidelines by the government associated with the application of unfamiliar technology to preserve wood will further support the market growth. Moreover, the surging infrastructural and industrial sector has significantly raised the demand for wood stabilizers across the world. For instance, structural investment increased by 6.5% of GDP over emerging nations like Asia-Pacific. The shifting tendency of consumers towards environment-friendly wood preservatives is bolstering the market size. For example, Ammonium Copper Quaternary, a newly registered compound that is comprehensively used for wood perpetuation and treatment process, such as in structural timber and agriculture poles. However, the excessive implementation of organic wood products to prevent wood is a new tendency in the market that will hinder market growth. As per an article published by Redalyc, the plant extract can be applied in rural areas where preservatives are not economical. Moreover, the lack of accessibility of wood might contract the market share.

Regional Drivers

Based on the regional coverage, North America is projected to lead the market over the forecast period. This is primarily attributed to the rising usage in residential and other end uses. Additionally, leading players such as RUTGERS, Bostik, Quality Borate, LLC adds to the market growth. The considerable investments in development and infrastructure have raised the growth of the construction sector. On the other hand, Europe is expected to expand at a higher CAGR in the market over the forecast period. The European government encourages the construction industry from the influence of coronavirus, which will uplift the market demand.

Wood Preservatives Market’s leading Manufacturers:

  • Remmers
  • Nisus Corporation
  • Quality Borate, LLC.
  • CMC MATERIALS
  • Lonza
  • OBERMEIER
  • Avadata Organics Pvt. Ltd.
  • BASF SE
  • LANXESS
  • Koppers Inc.

Wood Preservatives Market Segmentation:

Segmentation by Formulation

  • Water Based Wood Preservatives
  • Solvent Based Wood Preservative
  • Oil Based Wood Preservative

Segmentation by Application

  • Residential
  • Commercial
  • Industrial

Segmentation by Region:

  • North America
    • United States of America
    • Canada

 

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

 



Comments

Post a Comment

Popular posts from this blog

Seizing the Europe Smart Home Market Opportunity

Image
 The Europe smart home market presents a vast and promising opportunity for businesses and consumers alike. With advancements in technology, changing lifestyles, and increasing awareness about energy efficiency, the smart home industry in Europe is ripe with potential for growth and innovation. The opportunity in the Europe smart home market stems from several key factors. Firstly, the region boasts a large and affluent consumer base that is increasingly embracing connected technology to enhance their lifestyles. From smart thermostats and lighting systems to security cameras and voice-controlled assistants, the demand for smart home devices is on the rise across the continent. Moreover, supportive regulatory initiatives and incentives aimed at promoting energy efficiency and sustainability are creating a conducive environment for the adoption of smart home technology in Europe. Tax incentives, rebates, and subsidies for energy-efficient home upgrades are encouraging homeowners to inv
Read more

Unlocking Opportunities: GCC Medical Packaging Market Growth in 2024

Image
The GCC medical packaging market is poised for substantial growth in 2024, driven by factors such as technological advancements, increasing healthcare spending, and a focus on patient safety. The region's growing population, coupled with rising demand for quality healthcare services, is fueling the expansion of the medical packaging sector. Let's explore the key drivers and opportunities contributing to the growth of the GCC medical packaging market this year. One of the primary drivers of market growth is the continuous innovation in medical packaging technologies. Companies are investing in advanced packaging materials, designs, and functionalities to meet the evolving needs of healthcare providers and patients. Smart packaging solutions equipped with sensors, RFID tags, and tracking capabilities are enhancing product safety, supply chain visibility, and real-time monitoring. This technological progress is driving the adoption of intelligent packaging solutions and fueling m
Read more

Riding the Wave: India Wireless Earphone Market Surges Amidst Growing Demand

Image
 The India Wireless Earphone Market is witnessing remarkable growth, buoyed by an increasing demand for wireless audio solutions and a shift towards a wireless lifestyle. With consumers seeking convenience, mobility, and superior audio quality, wireless earphones have emerged as a must-have accessory in today's digital age, driving significant market expansion. One of the key drivers of growth in the India Wireless Earphone Market is the rising penetration of smartphones and smart devices. With smartphone ownership becoming ubiquitous across urban and rural areas, there is a growing need for wireless earphones that complement these devices seamlessly. As consumers look for hassle-free connectivity and on-the-go audio solutions, the demand for wireless earphones continues to surge, fueling market growth. Moreover, technological advancements in wireless audio technology are driving market expansion. Innovations such as true wireless earbuds, active noise cancellation, and advanced B
Read more