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U.S. Fire Retardant Treated Wood Market Share, Size, Key Players, Research and Forecasts to 2024 | Hexa Research
“The U.S. fire retardant treated wood market is estimated to exceed USD 115 million by 2024.�
11 September 2018 The U.S. fire retardant treated wood market is estimated to exceed USD 115 million by 2024. A rising number of incidences of wildfire break out is expected to result in increased demand for fire retardant wood. The U.S. fire retardant treated wood market has changed drastically over the period owing to the increase in arson accidents lately. For instance, there was a warehouse fire which killed approximately 33 people and left other injured in California, in December 2016. Such incidences have resulted in personal safety concerns and are expected to result in a surge of the fire retardant treated wood industry. The government has mandated stringent regulations mandating the use of fire retardant materials in institutional and public places or event venues owing to the recent elevation in temperatures and fire incidences. The flameproof wood is gaining popularity among builders as the safety of residents is preferred the most, hence increase in demand from construction sector will help boost the fire retardant treated wood market. Demand for fire retardant in institutional structures accounted for 25.2% of the total revenues in 2016. The segment is expected to witness sluggish growth on account of the saturation of the market in this space.
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