Wood Preservative Chemicals and Coatings Active Ingredients Market

Wood Preservative Chemicals and Coatings Active Ingredients Market Outlook

As per rigorous research by ChemView Consulting, our analysts believe that the global wood preservative chemicals and coatings active ingredients market will grow at a 4.4% CAGR during the period 2023–2033 to reach a valuation of US $473.1 million by 2033.

Key Findings on the Wood Preservative Chemicals and Coatings Active Ingredients Market

1. Which is the largest market for wood preservative chemicals and coatings active ingredients?

The biggest market for wood preservative chemicals and coatings active ingredients is East Asia. As per our analysis, East Asia holds nearly 46.2% share of the wood preservative chemicals and coatings active ingredients market.

2. What is the largest active ingredients type segment within the wood preservative chemicals and coatings active ingredients market?

As per Chem View Consulting, the largest segment by active ingredients type is organic. As per our analysis, this segment accounts for nearly 68.4% of total revenues.

3. At what rate is the wood preservative chemicals and coatings active ingredients market expected to grow?

The wood preservative chemicals and coatings active ingredients market is expected to grow at a CAGR of 4.4% during the period 2023–2033.

4. What are the major trends influencing the wood preservative chemicals and coatings active ingredients market?

• Shift Towards Non-Toxic Alternatives: Consumers and industries are increasingly looking for non-toxic preservatives and coatings to avoid the health concerns associated with traditional chemical treatments.
• Environmentally Friendly Solutions: Increasing concerns about environmental sustainability and laws are driving the introduction of eco-friendly wood preservatives and coatings, like water-based and low-VOC formulas.

5. Who are the leading players in the wood preservative chemicals and coatings active ingredients market?

The key companies in the wood preservative chemicals and coatings active ingredients market are PPG, Aurolab, DuPont de Nemours, Inc., 3M, Excel Coatings, Chemical Guys, ACCUCOAT INC., BASF SE, AkzoNobel N.V., and P2i.

Key Drivers for Wood Preservative Chemicals and Coatings Active Ingredients Demand

• The expansion of the construction industry, which includes residential, commercial, and infrastructural developments, drives the need for wood preservatives and coatings to protect wooden structures from decay and damage.
• In addition, continuous R&D efforts have resulted in the introduction of innovative wood protection technologies, such as nanotechnology-based coatings and enhanced preservative formulas.
• Moreover, strict regulations and standards for the utilisation of wood products in construction and the protection of wooden structures drive the use of wood preservatives that meet safety and environmental criteria.
• Furthermore, global urbanisation trends are fuelling demand for wooden furniture and decor, driving the market for coatings and finishes that improve the aesthetics and durability of wood, thereby boosting market growth.

Key Challenges Inhibiting Demand for Wood Preservative Chemicals and Coatings Active Ingredients

• Concerns about the health and safety of workers and consumers may hinder market expansion. Toxicity and other health problems associated with various preservation chemicals and coatings may result in decreased demand.
• Moreover, the cost of raw ingredients used in wood preservatives and coatings, like chemicals and solvents, can be volatile, affecting the entire production cost and pricing of these products.

Key Challenges & Opportunities for Wood Preservative Chemicals and Coatings Active Ingredients Manufacturers

• Maintaining constant product quality is critical for building customer trust. Manufacturers require robust quality control methods to ensure that their wood preservatives fulfill specifications and performance standards.
• However, effective marketing techniques emphasising product quality, safety, and environmental benefits can assist firms in building strong brand recognition and consumer loyalty, thereby boosting market growth.

Country/Region-wise Insights?

US Wood Preservative Chemicals and Coatings Active Ingredients Market Forecast 

• A growing awareness of the importance of protecting and preserving wood products in a variety of applications ranging from construction to furniture production in the US market is projected to observe significant growth?in the estimated period.
• In addition, technological advances in the industry have resulted in new and effective wood protection solutions that have captured the interest of both manufacturers and customers.

Europe Wood Preservative Chemicals and Coatings Active Ingredients Market Outlook

• Strict guidelines and requirements for construction materials and wood preservation in the Europe market are anticipated to drive sales in the market over the assessment period.
• Moreover, growing awareness of the significance of preserving and protecting wooden structures from decay, rot, and insect damage has resulted in an increase in demand for effective wood preservative treatments.

Japan Wood Preservative Chemicals and Coatings Active Ingredients Market Forecast

• Increased environmental consciousness has prompted a shift towards sustainable construction practises in the Japan market, which is anticipated to drive the market over the forecasted period.
• Additionally, as worldwide awareness of climate change and sustainability grows, Japan’s wood industry is under pressure to embrace responsible forestry practices, such as the use of effective wood preservatives to extend the lifespan of wood products and reduce waste, which will drive market expansion even further.

China & India Wood Preservative Chemicals and Coatings Active Ingredients Market Forecast

• Technological advancements and innovations in the China & India markets are anticipated to fuel the market over the forecast period. China & India wood preservative chemicals and coatings active ingredients markets are likely to account for a leading share of the global wood preservative chemicals and coatings active ingredients market.?
• In addition, government efforts and rules supporting the use of treated wood in construction and infrastructure projects are helping to boost the industry.

Wood Preservative Chemicals and Coatings Active Ingredients Market Outlook & Forecast by Segmentation

By Active Ingredients Type

Based on active ingredients type, the organic segment is set to account for 68.4% of the wood preservative chemicals and coatings active ingredients market share over the assessment period. The growth is because organic wood preservatives and coatings are often preferred since they are usually considered more environmentally friendly compared to their synthetic counterparts. They may contain fewer toxic chemicals and be considered more environmentally friendly.

In addition, organic products are frequently seen as safer for human health, both in terms of manufacturing and application. This is especially crucial when dealing with wood used in home or consumer applications.

By Use Class 

Based on use class, the UC 3 – outdoor segment is expected to remain at the forefront of wood preservative chemicals and coatings active ingredients market share over the assessment period. The growth is mainly because outdoor wood applications are exposed to extreme environmental conditions such as sunshine, rain, and temperature variations. The UC 3 – outdoor may provide wood preservation chemicals and coatings known for their durability and lifespan, making it the preferred option in this industry.

In addition, the UC 3 – outdoor may contain products that meet or exceed legal norms and environmental requirements for outdoor wood treatment. This may increase its market share as customers seek environmentally friendly and compliant solutions.

Which Company Owns the Largest Share in the Wood Preservative Chemicals and Coatings Active Ingredients Market?

The key companies in the wood preservative chemicals and coatings active ingredients market are BASF Wolman, Wacker Chemie AG, Janssen Preservation & Material Protection, Akzonobel, Archroma, PPG Industries, LANXESS AG, Lonza Group, Kurt Obermeier GmbH, and Troy Corporation.

Recent Developments:

• In June 2023, Akzonobel, a Dutch multinational corporation that manufactures paints and performance coatings for both industry and consumers throughout the world, formally introduced the PurStock line of wood coatings. The PurStock series is intended to help producers lower or maintain surface treatment costs while maintaining surface treatment quality.
• In May 2022, Archroma, a global leader in specialised chemicals aimed at environmentally friendly solutions, announced Siligen MIH liq, a novel biocide-free wood protection technology developed in collaboration with the University of Goettingen in Germany.
• In January 2022, LANXESS AG, a German manufacturer of specialised chemicals, announced to increase its active ingredient preservative CMK capacity by 50%. The business revealed a one-million-euro investment in Krefeld-Uerdingen, Germany.

As per our analysis, the companies that hold the largest share in the market are

Click Here to Request Company-wise Data

Lonza Group

Founded in 1897 and with headquarters in Basel, Switzerland, it is a worldwide manufacturer of pharmaceutical, biotechnology, and nutrition products.

Troy Corporation

Founded in 1950 and located in Florham Park, New Jersey, United States, it is a corporation that develops and manufactures industrial performance materials.

PPG Industries

Founded in 1883 and with headquarters in Pittsburgh, Pennsylvania, the United States, it is a global manufacturer and supplier of paints, coatings, and specialty materials.

Kurt Obermeier GmbH

Founded in 1948 and located in Germany, it is a chemical company.

Wacker Chemie AG

Founded in 1914 and with headquarters in Munich, Germany, it is a global chemical corporation.

What Makes this Report More Insightful than Others?

With ChemView Consulting, we’re redefining market research for the next generation. Go beyond traditional analysis and immerse yourself in a holistic exploration of business opportunities. We offer:

Actionable Business Opportunity Assessments: Navigate the business landscape with precise, actionable insights tailored for future growth.

Strategic Competitive Intelligence: Stay ahead with in-depth analysis, ensuring you always have the competitive edge.

Customer Insights Like Never Before: Understand your customer’s evolving needs, aspirations, and behaviors to drive brand loyalty and value.

Dynamic Price Tracking: Stay agile in a fluctuating market with real-time pricing intelligence.

Profitability Analysis with Precision: Dive deep into data-driven strategies that ensure optimal returns on investment.

M&A and Alliances Mastery: Navigate the complex world of mergers, acquisitions, and alliances with expert foresight.

Startup Ecosystem Tracking: Discover the next big disruptors before they make headlines.

Up-to-the-minute Regulations & Compliance Updates: Stay ahead of the regulatory curve, ensuring business continuity and compliance.

Pioneering Technological Insights: Explore the forefront of innovation, capturing trends before they shape the market.

The future is data-rich and insights-driven, and with ChemView Consulting, you are poised at the forefront. Every report is crafted to inspire, every insight designed to catalyze growth. Partner with us, and let’s co-create the future of your business.

Follow Us On Our Social Media Pages 

Facebook and Linkedin