Wood Preservatives Market Size, Share, Growth, Sales Revenue and Key Drivers Analysis Research Report by 2028

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Wood Preservatives Market
Wood Preservatives Market

Chemicals used on wood to protect it from fungi, insects, termites, ants, and other bacteria include copper azoles, synthetic pyrethroids, creosote, and several other preservatives. Additionally, by giving the wood a longer life and preventing decay and breakdown, these preservatives increase its durability. The usage of wood in marine piling, utility fencing, decking, and infrastructure is boosting the demand for wood preservatives.

Revenue for the Wood Preservatives Market was estimated at US$ 1,377.8 Million in 2021, growing at a CAGR of 5.6% over the projected period (2022 to 2030).

Due to a movement in customer preference toward utilising eco-friendly wood preservatives, demand for wood preservatives is rising. For instance, a new generation compound called ammonium copper quaternary (ACQ) is widely utilised as a substitute for the wood preservatives chromated copper arsenate (CCA). Wood used for agricultural poles and structural timber is treated with ACQ.

It contributes to making the treated wood more durable. The need for wood preservatives is anticipated to increase due to the rapidly expanding infrastructural projects taking place around the world. The U.K. government, for instance, spent US$26.43 billion on infrastructure improvements in 2020, which is anticipated to increase demand for wood and, in turn, drive the expansion of the Wood Preservatives Market.

In terms of region, North America had the largest market share in the world market for wood preservatives in 2021. Infrastructure development, commercial real estate development, and industrial building are all expected to increase in this area. The market in the region is also anticipated to increase as a result of rising investments in premium furniture and rising restoration and reconstruction activities, particularly in the United States and Canada.

One of the main challenges limiting the growth of the global Wood Preservatives Market is the scarcity of wood and rigorous government regulations on the use of synthetic wood preservatives. In North America, for example, the producers of chromated arsenical banned the residential use of chromated copper arsenate (CCA) and the use of wood goods that were treated with CCA, such as playsets and decks for children. The use of copper azole (CA) and copper quaternary is quickly replacing CCA (ACQ).

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