The United States and Europe represent major markets for wood preservative chemicals. The markets witnessed a decline in demand during 2008-2009, primarily because of the slump in the macro economy. However, the markets bottomed out of the recession and displayed signs of recovery by 2010. Factors such as a rebound of business in the real estate sector, demand in the existing wood housing and decks segments, and growing domestic demand for coatings are likely to steer growth for wood preservative chemicals. The increasing use of high-value durable coatings offering the benefits of hassle-free cleanup is also likely to add to the demand. Moreover, use of wood coatings in indoor applications, consistent manufacture of pressure-treated lumber, construction-related repair activities, and product upgrading would further bolster the demand for wood coatings. This and other information is available in a new market report by Global Industry Analysts Inc.
Decking represents the largest end-use application for wood preservative chemicals in the United States. Fencing and railroad products represent other major end-use applications for wood preservative chemicals. However, revenues for wood preservative chemicals from the landscape-products end-use segment are projected to register fastest growth from 2007 through 2015. In terms of volume sales, creosote and pentachlorophenol product segments dominate the U.S. wood preservative chemicals market.
The interior wood application segment, driven by the revival of the housing sector and an increase in the purchase of residential products, is likely to increase demand for various wood-protection products compared to the exterior segment. Demand for wood-protection products is expected to stem from various interior wood applications such as wood cabinets and wood flooring. On the other hand, growing performance and environmental issues are major factors driving gains for greener or superior-value wood preservatives. Growing concerns over the emission of VOCs has paved the way for the launch of various eco-friendly solutions such as radiation-cured coatings, water-based coatings and powder coatings. Moreover, coatings that come with other enhanced performance features, such as the ability to be used for dual purposes, and improved durability are also grabbing the attention of the consumers. Development of wood preservatives without the use of harmful or toxic materials such as copper, arsenic or chromium is also on the rise.
The research report, “Wood Preservative Chemicals: A U.S. & European Market Report,” provides a comprehensive review of current market trends, the impact of the recession on the markets, key growth drivers, product overviews, end-use applications, environmental and regulatory issues, recent product introductions, recent industry activity, and profiles of major and niche global and regional market participants.
For more details about this report, visit www.strategyr.com/Wood_Preservative_Chemicals_Market_Report.asp
U.S. market for wood preservative chemicals to reach $567.4M
Published March 11, 2011