“Global Wood Preservatives Market to reach a market value of USD 2 Billion by 2031 growing at a CAGR of 4.9%”
The Global Wood Preservatives Market size is expected to reach $2 billion by 2031, rising at a market growth of 4.9% CAGR during the forecast period. In the year 2023, the market attained a volume of 6,029.29 hundred Tonnes, experiencing a growth of 19.2% (2020-2023).
The North America region has witnessed a rise in demand for treated wood products across various end-use sectors, driven by durability requirements, regulatory compliance, and consumer preferences for sustainable building materials. Therefore, the North America region generated $521.08 million revenue in the market in 2023. Also, the US would utilize 196.74 hundred Tonnes of oil-based wood preservatives by 2031. The demand for single-family homes, multi-unit dwellings, and condominiums is fueling the need for treated wood products in framing, decking, siding, and other structural components.
As urbanization accelerates worldwide, particularly in emerging economies, the demand for furniture surges with the growing population concentration in urban centers. Urban dwellers seek furniture that fulfills functional needs and reflects their lifestyle preferences and aesthetic sensibilities. Treated wood enables furniture manufacturers to meet these demands by providing durable, aesthetically pleasing, and long-lasting products that cater to diverse consumer tastes and preferences. Thus, these aspects can increase demand for wood preservatives in the upcoming years.
Additionally, there is a growing international recognition among governments and environmental agencies of the potential dangers that conventional wood preservatives, which comprise toxic compounds including arsenic, chromium, and creosote, present. These chemicals, if not properly managed, can leach into the soil, waterways, and surrounding environment, posing risks to ecosystems and human health through exposure pathways such as ingestion, inhalation, and dermal contact. Therefore, these aspects will pose lucrative growth prospects for the market.
However, Exposure to toxic chemicals in wood preservatives, such as arsenic, chromium, and creosote, can lead to health problems for workers handling, mixing, and applying these substances. Health risks may include respiratory irritation, skin sensitization, chemical burns, neurological effects, and long-term health consequences such as cancer and reproductive disorders. Thus, these aspects can limit the expansion of the market.
Based on type, the market is segmented into water based, solvent based, and oil based. In 2023, the solvent based segment garnered a 18.9% revenue share in the market. Solvent-based wood preservatives are known for penetrating deep into the wood fibers, forming a protective barrier against moisture intrusion, fungal decay, and insect infestation. The organic solvents in these formulations facilitate rapid absorption and distribution of active ingredients throughout the wood structure, ensuring thorough coverage and long-lasting protection against biological degradation. Therefore, the segment will expand rapidly in the coming years. Moreover, in terms of volume, approximately 1,578.88 hundred tonnes of solvent based wood preservatives would be utilized by 2031.
On the basis of application, the market is divided into residential, commercial, and industrial. The residential segment recorded 65.28% revenue share in the market in 2023. Urbanization trends and population growth have fueled demand for residential housing. In terms of volume, commercial segment would register 137.52 hundred Tonnes in 2023. Wood preservatives protect these structures from decay, termites, and weathering, extending their lifespan and ensuring structural integrity. As a result, these factors will boost the demand in the segment.
Free Valuable Insights: Global Wood Preservatives Market size to reach USD 2 Billion by 2031
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2023, the Europe segment acquired a 29.5% revenue share in the market. Europe's focus on sustainability and green chemistry has led to developing wood preservatives derived from renewable resources and bio-based ingredients. Manufacturers increasingly utilize natural compounds, plant extracts, and bio-based polymers to formulate preservatives with reduced environmental impact and improved biodegradability. Therefore, the segment will expand rapidly in the coming years. In terms of volume, Italy would consume 138.86 hundred tonnes of wood preservatives by 2029.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 1.4 Billion |
| Market size forecast in 2031 | USD 2 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 4.9% from 2024 to 2031 |
| Quantitative Data | Volume in Hundred Tonnes, Revenue in USD Billion, and CAGR from 2020 to 2031 |
| Number of Pages | 245 |
| Number of Tables | 510 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Type, Application, Region |
| Country scope |
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| Companies Included | Jubilant Industries Limited (Jubilant Bhartia Group), Rio Tinto PLC (Rio Tinto International Holdings Limited), Lanxess AG, Nisus Corporation, Groupe Berkem, Arxada AG, RÜTGERS Organics GmbH (International Chemical Investors GmbH), Wykamol Group Ltd., Koppers Performance Chemicals Inc. (Koppers Holdings Inc.), Viance, LLC |
By Type (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Application (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Geography (Volume, Hundred Tonnes, USD Billion, 2020-2031)
This Market size is expected to reach $2 billion by 2031.
Expansion Of the Furniture Manufacturing Sector are driving the Market in coming years, however, Shift Towards Environmentally Friendly Alternatives restraints the growth of the Market.
Jubilant Industries Limited (Jubilant Bhartia Group), Rio Tinto PLC (Rio Tinto International Holdings Limited), Lanxess AG, Nisus Corporation, Groupe Berkem, Arxada AG, RÜTGERS Organics GmbH (International Chemical Investors GmbH), Wykamol Group Ltd., Koppers Performance Chemicals Inc. (Koppers Holdings Inc.), Viance, LLC
In the year 2023, the market attained a volume of 6,029.29 hundred Tonnes, experiencing a growth of 19.2% (2020-2023).
The Water Based segment is leading the Market by Type in 2023, thereby, achieving a market value of $1.4 billion by 2031.
The North America region dominated the Market by Region in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $728.3 million by 2031.
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