Wood Preservatives Market | Driven
by Rapid Urbanization and Growing
Demand for Timber, 2021 – 2029
Research Nester released a report titled “Wood Preservatives Market: Global Demand
Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global
wood preservatives market in terms of market segmentation by product type, application
and by region.
Further, for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion on current
and future market trends that are associated with the growth of the market.
The global wood preservatives market is projected to record a significant CAGR over
the forecast period, i.e., 2021-2029, owing to increasing urbanization, rise in
construction activities, enhanced efficacy of wood preservatives treatment, and the
soaring demand for timber for interior designing activities. Our analysis depicts that the
worldwide spending on construction activities amounted to be more than USD 11 trillion
in 2018. Moreover, in 2030, this amount is estimated to grow up to USD 17 trillion.
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The market is segmented on the basis of type into oil-based, water-based, and
fumigants, out of which, the segment for water-based preservatives is estimated to hold
the largest market share, which can be credited to factors such as ease-of-handling,
leach-resistance and less toxicity than other wood preservation chemicals.
Geographically, the global wood preservatives market is segmented into five major
regions, including North America, Europe, Asia Pacific, Latin America and the Middle
East & Africa. Amongst these, the market in North America is anticipated to hold the
largest market share during the forecast period, owing to the presence of leading
market players in the world and rising government expenditure for industrial activities.
Additionally, developing economies of