Wood Preservative Chemicals Market to reach US$2,284.2 mn by 2025
An increase in standard of living worldwide and a development of taste for all things wooden has a
positive bearing on wood industry and on its ancillary industries. The steady growth observed in the
global wood preservative chemicals market over the last few years is, therefore, expected to continue.
It would further be boosted by economic development in many parts of the world, mainly as an
outcome of industrialisation which is witnessing high levels of urbanization.
As per a research study by Transparency Market Research, global wood preservative chemicals
market was worth USD 1663.2 mn in 2016, and is looking at a Compound Annual Growth Rate of
3.7% between 2017 and 2025. This can be pegged as a market worth of USD 2284.2 mn by the end
global wood preservative chemicals market
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Competition will Increase Further in 2017-2025
The market is highly fragmented, and competitive due to presence of a large number of
manufacturers, and is bound to remain so in the coming years with more players foraying into the
market. Prominent players in the global wood preservative chemicals market are BASF SE, Koppers
Inc., Lonza Group, Lanxess, Troy Corporation, Safeguard Europe Ltd., Rütgers Organics GmbH, Rio
Tinto Borates, and Kurt Obermeier GmbH.
Rising economic prosperity (standard of living) and expanding furniture and deking industries will
keep Asia Pacific ahead on the growth curve in the global wood preservative chemicals market.
Another region that would be leading the charts is North America, credit a rise in use of wood in
interior designing, cites the TMR report.
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