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. These chemicals increase timber's resistance to insects and fungi and improve the longevity of logs. In addition to decks, fences, and landscape structures, chemicals find wide application in timber-based structures used in railways.

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. Factors such as the rising timber market and the shifting customer view of wood interiors are also fueling demand around the globe for wood preservatives. During the forecast era, growing challenges from marine borers will also boost demand and revolutionize the market for wood preservatives. Due to its varied applications and favorable characteristics, the established market for copper green preservatives in Europe also holds the potential to drive market demand during the forecast period.

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 for by the 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. It is therefore expected that the demand for water-based wood preservatives will dominate globally during the forecast period.

Residential Segment to grow with the highest CAGR of 5.2% during 2019-30

Wood Preservatives Market is segmented by Application into residential, commercial, and industrial applications. The industrial group encompasses the use of such chemicals in the railway and other utility areas. Fences, decks, and landscape systems comprise the residential and industrial application areas. The increasing adoption of wood for aesthetic appeal in residential buildings is expected to drive demand for wood preservatives in emerging economies, which are characterized by rapid economic growth. Water-based preservatives are used extensively in industrial and residential applications since they are generally more environmentally friendly in nature.

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. This optimistic consumer attitude towards the deployment of wood for aesthetic appeal in residential and commercial installations is expected to contribute to the demand for wood preservatives and thus help the growth of the market for wood preservatives in the near future.

Growing Construction Activity

The application of wood to establish space for wood preservatives increases the growing construction activity. During the forecast era, increasing construction activity in countries such as China, Japan, the United Kingdom, the United States, and India would drive the demand for timber preservatives. The market for wood preservatives is growing because customers are changing their choice to eco-friendly wood preservatives. The use of wood in marine stacking, fencing for services, decking, and infrastructure. In the U.K. In 2016, the government spent US$ 7.09 billion in infrastructure development, which in turn led to high demand for wood and thus propelled growth in the market for wood preservatives.

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. The increase in demand for alternative materials, such as wood-plastic composites, steel, iron, and plastics, which demonstrate high resilience and need less maintenance, is reducing the global demand for wood-preserving chemicals.

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 a rise in disposable income, the Asia Pacific region is expected to have the fastest growth in the region.

Competitive Landscape:

The Wood Preservatives market, which is highly competitive, consists of several major players such as BASF Wolman GmbH, Borax Inc. hold a substantial market share in the Wood Preservatives market. Other players analyzed in this report are KMG Chemicals Inc., Kop-Coat Inc., Koppers Inc., Kurt Obermeier GmbH & Co. KG, LANXESS AG, Lonza Group Ltd., and Remmers AG. among others.

The market competition has been stepped up by the availability of many players offering Wood Preservatives. In February 2020, Koppers plans to expand the copper naphthenate wood preservative market. This will help the company to grow its presence in the wood preservation markets. Besides, the company also focuses on the in-house manufacturing capabilities of copper.

Wood Preservatives Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Wood Preservatives Market: Key Players

Aadinath Chemical Industries

Company Overview

Business Strategy

Key Product Offerings

Financial Performance

Key Performance Indicators

Risk Analysis

Recent Development

Regional Presence

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)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (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	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

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)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)