Wood Preservatives Market: Current Analysis and Forecast (2021-2027)
$3999 – $7577
Emphasis on Formulation (Water-Based, Oil-Based, and Solvent-Based); Application (Residential, Commercial, and Industrial); and Region and Country
The Global Wood Preservatives Market is likely to showcase a growth of around 5% during the forecast period. Wood preservatives are used to control the wood degradation problems due to fungal rot or decay, sapstain, molds, or wood-destroying insects. Therefore, to mitigate the degradation problem, wood product manufacturers treat the product with preservative chemicals. Between 2015-2019, the global roundwood consumption has increased by 217,475 thousand cubic meters, thus showcasing the increasing demand for wood-based products. As the global demand for wooden furniture is growing on account of rapid urbanization in developing economies thereby escalating construction activities, improving income per capita, and inclination towards wooden products, thus promoting the consumption of wood preservatives. For instance, according to Invest India, 40% of India’s population will be living in urban areas by 2025 up from 31% in 2010 and will account for more than 60% of consumption. Additionally, there will be 2.5 times increase in income per capita from 2016 to 2027.
Insights Presented in the Report
“Amongst formulation, water-based held a prominent share in the market in 2020”
Based on formulation, the market is categorized into water-based, oil-based, and solvent-based. Among these, water-based accounted for a significant share in the market and is likely to retain its position during the forecast period. This can be attributed to the increasing demand for less toxic products. Further, the growing demand for water-based preservatives in residential & commercial applications. Moreover, a large number of water-based wood preservatives contain copper which improves the working of preservatives against unwanted substances, therefore consumers prefer water-based over others.
“Amongst applications, residential accounted for a significant share in 2020”
Based on application, the market is categorized into residential, commercial, and industrial. Among these, residential accounted for a significant share owing to the high penetration rate of wooden products in the household compared to commercial and industrial settings. Moreover, changing family structure i.e., shift toward nuclear family is increasing the demand for new houses, thereby increasing the consumption of the wooden product in building construction and interior work.
“Asia-Pacific accounted for a considerable share in the global wood preservatives market”
For a better understanding of the market adoption of wood preservatives, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific accounted for a significant share of the market and is expected to showcase substantial growth during the forecast period owing to the large and growing number of residential settings in the region. Further, increasing awareness about the benefit of wood preservatives along with improving per capita of the regional population helped the region in maintaining a strong position in the market.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive country-level analysis of the industry
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|1.4.||Currency used in Report|
|2.1.||Research Process of the Wood Preservatives Market|
|2.2.||Research Methodology of the Wood Preservatives Market|
|2.5.||Main Objective of the Wood Preservatives Market Study|
|5||GLOBAL WOOD PRESERVATIVES MARKET COVID-19 IMPACT|
|6||GLOBAL WOOD PRESERVATIVES MARKET REVENUE (USD MN), 2019-2027F|
|9.1.||North America Wood Preservatives Market|
|9.1.3.||Rest of North America|
|9.2.||Europe Wood Preservatives Market|
|9.2.6.||Rest of Europe|
|9.3.||Asia Pacific Wood Preservatives Market|
|9.3.5.||Rest of Asia Pacific|
|9.4.||Rest of World Wood Preservatives Market|
|11||WOOD PRESERVATIVES MARKET OPPORTUNITIES|
|12||WOOD PRESERVATIVES MARKET TRENDS|
|13||LEGAL & REGULATORY FRAMEWORK|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|14.2.1.||Top Product Launches|
|14.2.2.||Top Business Partnerships|
|14.2.3.||Top Business Expansions, Investments, and Divestitures|
|14.2.4.||Top Merger and Acquisitions|
|15||VALUE CHAIN ANALYSIS|
|16.1.||Porters Fiver Forces Analysis|
|16.1.1.||Bargaining Power of Buyer|
|16.1.2.||Bargaining Power of Supplier|
|16.1.3.||Intensity of Rivalry|
|16.1.4.||Threats of New Entrant|
|16.1.5.||Threat of Substitute|
|17.2.||Lonza Group AG|
|17.6.||Remmers Gruppe AG|
|17.7.||Copper Care Wood Preservatives Inc.|
|17.8.||RÜTGERS Organics GmbH|
|17.10.||Janssen Pharmaceutica NV|
Research Methodology for Global Wood Preservatives Market Analysis (2019-2027)
Analyzing the historical market, estimating the current market, and forecasting the future market of wood preservatives, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the wood preservatives industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of wood preservatives through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the wood preservatives market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by formulation and application. Further regional and country-level analyses were conducted to evaluate the overall adoption of wood preservatives globally.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Wood Preservatives. Further, we conducted factor analysis using dependent and independent variables such as the growing demand for wooden furniture and rising awareness pertaining to the benefits of wood preservatives. A thorough analysis was conducted for demand and supply-side scenarios considering an increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the wood preservatives industry.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global wood preservatives market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of wood preservatives across the major markets
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the wood preservatives market. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants by Stakeholders and Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global wood preservatives market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of formulation and application.
The main objective of the wood preservatives market study
The current & future market trends of global wood preservatives were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of wood preservatives in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segment in the study include the area of formulation and application
- Defined analysis of the regulatory framework for the wood preservatives industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of wood preservatives for the major countries
- Major regions/countries analyzed in the report include North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World
- Company profiles of the wood preservatives market players and the growth strategies adopted by them to sustain in the growing market
Deep dive country-level analysis of the industry