Wood Preservatives Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030
Wood Preservatives Market: Market Segments: By Formulation (Water-Based, Oil-Based and Solvent-Based); By Application (Residential, Commercial and Industrial); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Product Overview
The chemicals added to wood to protect it from fungi, insects, termites, ants, and other microbes are wood preservatives such as copper azoles, synthetic pyrethroids, creosote, and various other preservatives. These preservatives also avoid decomposition, deterioration and decay of the wood and have a longer life, thereby increasing its longevity. The operating life of trees, timber structures, and timber-engineered structures is improved by wood-preserving chemicals.
Market Highlights
Wood Preservatives Market is expected to project a notable CAGR of 5.23% in 2030.
Wood Preservatives Market to surpass USD 2.3 billion by 2030 from USD 1.2 billion in 2018 at a CAGR of 5.23% throughout the forecast period, i.e., 2019-30. Rising per capita income and rapid urbanization are the key drivers of this market 's growth. Nevertheless, the production of environmentally friendly wood preservative chemicals, combined with emerging technologies in this sector, is also fueling its rise.
Wood Preservatives Market: Segments
Water based segment to grow with the highest CAGR of 6.32% during 2019-30
Wood Preservatives Market is segmented by Formulation as Water-Based, Oil-Based and Solvent-Based. The greater market share of 75% in 2018 was accounted by Water-Based Wood Preservatives segment of the Wood Preservatives market and this trend is projected to prevail during the forecast period. This was due to the rising demand for water-based wood preservatives in sub-applications for decking, fencing, and landscaping, which are expected to see strong growth over the next five years. In the wood preservative industry, the efficacy of copper-based wood preservatives has increased their demand. Water-based formulations contain much of the copper-based wood preservatives.
Wood Preservatives Market: Market Dynamics
Drivers
Increasing Demand for Wood in Different Applications
Rising demand for interior design where wood is the most significant raw material in the interior space of the structure portion and show. In various types, such as wall body, wood mural, wood carving, wood trim, skirting line, baluster, wood floor, armrest and ceiling, etc., there is a growing demand for modern interior design. The demand for wood, which would further increase the demand for wood preservatives and drive the market, will also increase.
Restrain
Stringent Environmental Regulations
Some of the factors hindering the growth of the wood preservative chemicals market are stringent restrictions on the use of toxic chemicals in developing countries; restricted availability of wood; and the rising use of substitutes, such as steel, plastic, and polymers.
Wood Preservatives Market: Regions
Wood Preservatives Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Wood Preservatives Market in North America held the largest market share of XX.X% in the year 2018. Because of the growing use of wood in the residential and industrial sectors, the market for wood preservatives is rising in North America. The growing construction industry, backed by heavy infrastructural development spending, is generating new opportunities for producers of wood preservatives operating in the area. During the historical era, however, APAC accounted for a large share in the demand for wood preservative chemicals. Due to rising urbanization, infrastructure development, increasing construction activities, and a lenient regulatory framework regulating the use of chemicals in the region, coupled with an rise in disposable income, the Asia Pacific region is expected to have the fastest growth in the region.
Wood Preservatives Market: Key Players
• Aadinath Chemical Industries
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Advance Agrisearch Limited
• BASF Corporation
• Copper Care
• Division of J.V. Barrett & Co Limited
• Dolphin Bay
• Janssen Pharmaceutica NV
• Jubilant
• KMG Chemicals
• Koppers Inc.
• Kurt Obermeier GmbH & Co. KG
• LADA ORGANICS PVT. LTD
• LANXESS
Wood Preservatives Market report also contains analysis on:
Wood Preservatives Market Segments:
By Formulation:
• Water-Based Wood Preservatives
• Solvent-Based Wood Preservatives
• Oil-Based Wood Preservatives
By Application:
• Residential
• Commercial
• Industrial
• Wood Preservatives Market Dynamics
• Wood Preservatives Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
Contents
1. Executive Summary
2. Wood Preservatives Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Wood Preservatives Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Wood Preservatives Market
11.1. Market Size & forecast, 2019A-2030F
11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Wood Preservatives: Market Segmentation
12.1. By Regions
12.1.1. North America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.2. Europe:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.3. Asia-Pacific:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.4. MEA:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.5. Latin America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2. By Formulation: Market Share (2020-2030F)
12.2.1. Water-Based, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.2. Solvent-Based, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.3. Oil-Based, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3 By Application: Market Share (2020-2030F)
12.3.1. Residential, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. Commercial, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.3. Industrial, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
13. Company Profile
13.1.1. Koppers (US).
13.1.2. Company Overview
13.1.3. Company Total Revenue (Financials)
13.1.4. Market Potential
13.1.5. Global Presence
13.1.6. Key Performance Indicators
13.1.7. SWOT Analysis
13.1.8. Product Launch
13.2. Aadinath Chemical Industries
13.3. Advance Agrisearch Limited
13.4. BASF Corporation
13.5. Division of J.V. Barrett & Co Limited
13.6. Dolphin Bay
13.7. Janssen Pharmaceutica NV
13.8. Jubilant
13.9. KMG Chemicals
13.10. Koppers Inc.
13.11. Kurt Obermeier GmbH & Co. KG
13.12. LADA ORGANICS PVT. LTD
13.13. LANXESS
13.14. Lonza
13.15. Nisus Corporation
13.16. Osaka Gas Chemicals Co., Ltd.
13.17. Parikh Enterprises Pvt. Ltd
13.18. Quality Borate, LLC
13.19. Remmers (UK) Limited
13.20. Shreeji Woodcraft
13.21. TIMBERLIFE(PTY)LTD
13.22. Troy Corporation
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
| Historical Data (2015-2019) |
|
|
| Influencing Factors |
|
|
| Market Forecast (2021-2026) |
|
|
Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
| Market Size |
|
|
| Market Position of Top Company |
|
|
| Qualitative Analysis |
|
|
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
| Primary Sources | Parameters | Key Data |
| Market Segments(by Application, by Type) |
|
|
| Total Market |
|
|