Chemicals applied to wood to protect it from fungi, insects, termites, ants, and other bacteria include copper azoles, synthetic pyrethroids, creosote, and a variety of other preservatives. These preservatives also keep the wood from decomposing, rotting, or decaying, as well as giving it a longer life and enhancing its resilience.
The use of the Wood Preservatives Market in marine piling, utility fencing, decking, and infrastructure is fueling the growth of the wood preservatives market. In 2016, the United Kingdom's government spent $7.09 billion on infrastructure construction, resulting in high demand for wood and fueling the expansion of the wood preservatives industry.
Consumer preferences are evolving toward eco-friendly wood preservatives, which is driving up demand for wood preservatives. For example, Ammonium Copper Quaternary (ACQ), a new generation chemical, is widely utilised as a wood preservative alternative to Chromated Copper Arsenate (CCA). ACQ is a chemical that is used to treat wood used in farm poles and structural lumber. It aids in the treatment of the treated wood's durability. However, limited wood availability and government laws prohibiting the use of synthetic wood preservatives are two main challenges limiting the worldwide wood preservatives market's growth. For example, in 2003, chromated arsenical manufacturers banned the use of Chromated Copper Arsenate (CCA) in household settings, as well as CCA-treated wood items, such as furniture.
Water-based formulations led the Wood Preservatives Market in 2016, and are expected to maintain their dominance during the forecast period, growing at a CAGR of 6.29 percent. This is due to its widespread use in both residential and commercial settings. This preservative is popular because it is simple to use, produces a cleaner finish, and is more environmentally friendly than other formulas. Water-based wood preservatives also have a longer shelf life and leave the wood surface dry and clean, allowing it to be painted after treatment. In Europe, however, the Directive 2003/EC limits the use and marketing of arsenic and CCA wood preservatives, as well as the use of CCA-treated wood in domestic and residential construction. This limits growth even more.
Major players operating in the global wood preservatives market include BASF Wolman GmbH, Borax Inc., KMG Chemicals Inc., Koppers Inc., Remmers AG Kurt Obermeier GmbH & Co. KG, LANXESS AG, Kop-Coat Inc., and Lonza Group Ltd
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