Wood Preservatives Market, by Formulation, Application, and Geography - Trends and Forecast to 2025
Wood preservatives such as copper azoles, synthetic pyrethroids, creosote and various other preservatives, are the chemicals applied on wood to preserve it from fungi, insects, termites, ants, and other microbes. These preservatives also prevent the wood from decomposition, degradation and decay, and provides a longer life, thereby increasing its durability. Growth of wood preservatives market is fueled by the use of wood in marine piling, utility fencing, decking, and in infrastructure. The U.K. government invested US$ 7.09 Bn on infrastructure development in 2016, which in turn led to high demand for wood, thereby, propelling growth of the wood preservatives market. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/1032 Demand for wood preservatives is increasing owing to shifting preference of consumers towards using eco-friendly wood preservatives. For instance, Ammonium Copper Quaternary (ACQ), a new generation compound, is extensively being used as an alternative to Chromated Copper Arsenate (CCA), which are wood preservatives. ACQ is being used for treatment of wood used in agriculture poles and structural timber. It aids in improving the durability of the wood being treated. However, limited availability of wood and stringent government regulations on the usage of synthetic wood preservatives, are some of the major factors restricting growth of global wood preservatives market. For instance, in 2003, manufacturers of chromated arsenical stopped the residential use of Chromated Copper Arsenate (CCA), and the wood products that are treated with CCA, including children’s play sets and decks in North America, as they were harmful to humans as well as environment. CCA is being rapidly replaced by copper azole (CA) and copper quaternary (ACQ). In the formulation segments, water based segment dominated the wood preservatives market in 2016, and is projected retain its dominance over the forecast period, expanding at a CAGR of 6.29%. This is owing to its wide use in residential and commercial applications. This preservative is widely used as it is easy to handle, provides cleaner finish, and is more eco-friendly compared to other formulations.