DUBAI, United Arab Emirates, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Demand for Wood with Greater Durability to Drive the Wood Preservative Chemicals & Coatings Active Ingredients Market, Says Future Market Insights, Inc.
Icreasing investments in the construction sector is propelling the demand for wood in the decking and furniture manufacturing industries. the U.S. Wood Preservative Chemicals & Coatings Active Ingredients Market is expected to account for 17.3% of the sales, surpassing US$ 37.9 Mn
NEWARK, Del: The global wood preservative chemicals & coatings active ingredients market stands at US$ 218.5 Mn as of now and is expected to reach US$ 320.3 Mn by the year 2032 at a CAGR of 3.9% between 2022 and 2032.
Wood preservation chemicals, as the name suggests, render protection against fungi and insets that attack the wooden surface. There are several kinds of active ingredients used in wood preservative chemicals and coatings – like inorganic and organic ingredients.
Wood preservative chemicals & coatings active ingredients do improvise on wood’s life span by keeping it away from the environmental factors like UV rays, mechanical abrasion, and household chemical attacks.
Indoor as well as outdoor applications are inclined towards wood-based products owing to the aesthetics revolving around them. As such, the requirements of wood-based products are expected to increase in residential buildings, educational institutions, hospitals, and offices.
Get Access to Sample Now @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15642
Furniture vertical is expanding at a rapid pace all across the US, which is expected to catalyze the wood preservative chemicals & coatings active ingredients market in the forecast period. The US Census Bureau has stated that more than 87K establishments record ~US$ 120 Mn every single year and furniture industry has turned out to be worth US$ 30 Bn. As of the year 2019, furniture and furnishing store sales market was worth ~US$ 9 Bn.
Infrastructure expansion projects are witnessing a rising demand for treated wood due to inevitability of protection of furniture against insects and fungi. This is another factor driving the wood preservative chemicals & coatings active ingredients market.
Also, water-borne coatings are being increasingly used in Canada and the US. Plus, rising awareness regarding advantages of the environmentally-friendly products like wood is expected to take the entire wood preservative chemicals & coatings active ingredients market by storm in the near future.
At the same time, the fact that developed economies like France, Germany, and the US are subject to altering environmental rules as well as regulations with regards to wood preservative chemicals and coatings active ingredients can’t be ignored. Along these lines, Biocidal Products Regulation (BPR), CLP (Classification, Labelling and Packaging), REACH, and VOC’s are restraining the market.
Customization Report before Buying, Visit@ https://www.futuremarketinsights.com/customization-available/rep-gb-15642
It has also been observed that wood preservative chemicals and coatings active ingredients release toxic odor, which is hazardous for animals as well as humans. These active ingredients also do not render any protection against tough weather conditions. This is another factor hindering the market.
Future Market Insights has, with the help of its team of analysts and consultants, entailed these findings with insights in its latest market study entitled “Wood Preservative Chemicals & Coatings Active Ingredients Market”.
Key Takeaways from Wood Preservative Chemicals & Coatings Active Ingredients Market
- The US holds 17.3% of the overall market share and the status quo is expected to remain the same even in the forecast period due to consistent demand for water-borne coatings.
- The Asia-Pacific is expected to move at a significant pace in the wood preservative chemicals & coatings market due to rapid expansion in Japan, India, and China.
“Demand for eco-friendly products of décor to keep the hopes high for wood preservative chemicals & coatings active ingredients market”, says an analyst from Future Market Insights.
Browse Full Report@ https://www.futuremarketinsights.com/reports/wood-preservative-chemicals-and-coatings-active-ingredients-market
Competitive Landscape
- LANXESS AG, in January 2022, decided upon expanding the active ingredient preservative’s – preventol CMK’s capacity by 50%. It looks forward to invest $1 Mn Euros in its site based out of Krefeld-Uerdingen (Germany).
- LONZA GROUP AG, in March 2019, tabled 2 novel products as a part of its Proxel range – Proxel LSR and Proxel HBC.
What does the Report Cover?
- Future Market Insights offers an exclusive perspective and various real-time insights on the wood preservative chemicals & coatings active ingredients market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
- The research study is based on active ingredient type (inorganic and organic (azoles (propiconazole, tebuconazole, cyproconazole, and likewise), and others), and by use class (UC ½ - indoor, UC 3 – outdoor, UC 4 – outdoor with ground contact, and UC 5 - marine).
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
Explore Our Trending Reports of FMI'S Chemicals & Materials Market Insights Landscape
Asia Pacific Waterproofing Chemicals Market Size - The market of waterproofing in the Asia Pacific region is projected to reach a valuation of US$ 11,568.5 Mn in 2032.
India Construction Chemicals Market Share - Growing awareness and governmental initiatives towards recovery of various sectors of economy, Future market insights expects that the construction chemicals market in India will expand at CAGR of 13.6% through 2031.
Wood Preservative Coatings Market Trends - Demand for wood preservatives coatings is 653,844 tonnes in 2021. It is set to grow at 4.9% CAGR by volume through 2027.
Semi Chemical Wood Pulp Market Analysis - Out of the total pulp produced using chemical method, over 5% constitutes of semi chemical methods. Moreover, the global semi chemical wood pulp market is expected to exhibit a moderate single digit growth in the forecast period.
Wood Plastic Composites Market Growth - The global wood plastic composites market is set to flourish at a promising CAGR of 11.3% between 2022 and 2032. The market is anticipated to reach USD 16.06 Billion by 2032, while it holds a market value of USD 6.38 Billion in 2022.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights, Inc.
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
