Water-Based Wood Preservatives Also Have A Longer Retention Time And Leave The Wood's Surface Dry And Clean, Allowing It To Be Painted After Treatment & This Further Limits The Global Wood Preservatives Market's Growth.

 

Wood Preservatives

Wood preservatives, which include copper azoles, synthetic pyrethroids, creosote, and other chemicals, are chemicals that are applied to wood to protect it from fungi, insects, termites, ants, and other bacteria. These preservatives also keep the wood from decomposing, deteriorating, and decaying, as well as giving it a longer life and boosting its sturdiness. The usage of wood in marine piling, utility fencing, decking, and infrastructure is driving the growth of the wood preservatives industry. The United Kingdom's government spent $7.09 billion on infrastructure projects in 2016, which resulted in strong demand for wood, boosting the growth of the wood preservatives industry.

 

Water-based formulations led the wood preservatives market in 2016, and are expected to maintain their dominance throughout the forecast period, rising at a CAGR of 6.29 percent. This is because it is widely used in both home and business purposes. This preservative is frequently used because it is simple to use, produces a cleaner finish, and is more environmentally friendly than other formulations. Water-based wood preservatives also have a longer retention time and leave the wood's surface dry and clean, allowing it to be painted after treatment. This further limits the global wood preservatives market's growth.

 

In 2016, the residential and commercial segment held a dominant market share of 78.69 percent. This is due to an increase in demand for wood in the infrastructure sector for flooring and wooden furniture. Furthermore, the increasing popularity of wood as a renewable and sustainable building material with the lowest carbon footprint has resulted in its widespread use in the construction industry. Another factor that is expected to drive the growth of the Wood Preservatives Market. BASF Wolman GmbH, Borax Inc., KMG Chemicals Inc., Koppers Inc., Remmers AG Kurt Obermeier GmbH & Co. KG, LANXESS AG, Kop-Coat Inc., and Lonza Group Ltd. are among the major players in the global wood preservatives market.

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