PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1363860
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1363860
The wood preservatives market serves various industries, including construction, furniture manufacturing, outdoor decking, fencing, and utility poles. The market for wood preservatives is driven by factors such as urbanization, increasing construction activities, the need for durable & long-lasting wood products, as well as the desire to protect wooden structures and assets. Additionally, stringent regulations and standards related to environmental protection and human health impact the development and use of wood preservatives.
The growth in construction activities, especially in developing regions and emerging economies, leads to a higher demand for construction materials, including wood. Wood is widely used in various construction applications such as residential and commercial buildings, infrastructure projects, and industrial structures..As part of the "Investing in Canada" initiative, the government has unveiled its plans to invest approximately USD 140 billion in significant infrastructure projects by 2028. These investments aim to enhance and develop infrastructure across the country. According to Statistics Canada, Saskatchewan has emerged as the leading province in terms of building construction investment. In October 2022, the investment in building construction in Saskatchewan witnessed a substantial increase of 39.3% compared to the same period in 2021. The value of building construction investments reached USD 445 million in October 2022. The growth in residential construction in the United States is indeed a significant factor driving the overall growth of the wood preservatives market. As per data from the US Census Bureau, in December 2022, around 1,411 million units of privately-owned housing were completed at a seasonally adjusted annual rate. This figure represents a 6.4% increase compared to December 2021 when 1,326 million units were completed. Thus rising construction activities across the globe is driving the market growth. However, the high cost of Wood Preservatives stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Wood Preservatives Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is a dominating market for wood preservatives, driven by factors such as a robust construction industry, demand for treated wood in residential and commercial applications, the need to protect against wood decay and insect damage. The region has stringent regulations governing the use of wood preservatives, focusing on environmental and human health considerations. The Asia-Pacific region is experiencing fastest growth in the wood preservatives market due to rapid urbanization, infrastructure development, and the expanding construction sector. The region has a high demand for treated wood in residential and commercial construction, as well as in the production of furniture and other wooden products. The focus on environmental sustainability and regulations related to wood preservation varies across countries in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Technology offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable