What are the growth estimates for wood preservatives market till 2025?

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 wood 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 the eco-friendly Wood Preservatives Market, which is driving up demand for wood preservatives. For example, Ammonium Copper Quaternary (ACQ), a new generation chemical, is widely utilized 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 producers in North America banned the home use of Chromated Copper Arsenate (CCA) and CCA-treated wood goods, such as children's playsets and decks, because they were detrimental to persons and the environment. Copper azole (CA) and copper quaternary (CCA) are quickly replacing CCA (ACQ).

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.

In 2016, the residential and commercial categories dominated the market with a market share of 78.69 percent. The increased demand for wood from the infrastructure industry for flooring and wooden furnishings is to blame. Furthermore, the growing appeal of the wood as a renewable, sustainable, and low-carbon building material has resulted in its widespread application in the construction sector. Another factor that is predicted to boost the growth of the wood preservatives market is this.