The growing popularity of contemporary interior design is driving up need for wood preservatives. Wall body, wooden mural, wood carving, wood trim, skirting line, baluster, wood floor, and armrest and ceiling are all examples of modern interior design. The use of wood in the building of such innovative interior designs is expanding, which is driving up demand for wood preservatives. Wood preservatives are in greater demand as a result of building applications and the usage of wood in marine piling, utility fence, decking, and infrastructure is driving up demand for wood preservatives. Some of the primary factors limiting the growth of the global wood preservatives market are limited supply of wood and severe government regulations on the use of synthetic wood preservatives.
According to Coherent Market Insights, The Wood Preservatives Market was valued at US$ 1,377.8 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.6% during the forecast period (2022 to 2030).
Leading Companies in the Wood Preservatives Industry:
1. LANXESS AG
LANXESS Aktiengesellschaft, a specialty chemicals company, develops, manufactures, and markets chemical intermediates, additives, specialty chemicals, and plastics worldwide. The company was founded in 1863 and is headquartered in Cologne, Germany. On July 2022, LANXESS has completed the acquisition of the microbial control business unit of the U.S. group International Flavors & Fragrances Inc. (IFF). LANXESS has now one of the world’s largest suppliers of microbial control and biocidal products.
2. Cabot Microelectronic
Cabot Microelectronics Corporation, headquartered in Aurora, Illinois, is a leading global supplier of consumable materials to semiconductor manufacturers and pipeline operators. On July 2022, Entegris acquired Cabot Microelectronics.
3. BASF Wolman GmbH
The company operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. BASF SE was founded in 1865 and is headquartered in Ludwigshafen am Rhein, Germany. BASF acquires Leuna-Miramid GmbH and further strengthens its leading position in engineering plastics in Europe
4. KMG Chemicals Inc.,
KMG Chemicals, Inc. manufactures, formulates and globally distributes specialty chemicals. The Company has acquired and operates businesses selling electronic chemicals, industrial wood preservatives and animal health products. The company was founded on 1985 and headquartered in Texas, United States.
5. Kop-Coat Inc.
Kop-Coat, Inc. operates as a manufacturer of wood preservatives. The Company provides solutions to protect wood from mold, decay, termites, and water damage. The company was founded on 1907 and headquartered in Pittsburgh, Pennsylvania.
6. Koppers Inc
Koppers Holdings Inc. provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC). Koppers Holdings Inc. was founded in 1988 and is headquartered in Pittsburgh, Pennsylvania.
7. Kurt Obermeier GmbH & Co. KG
Kurt Obermeier GmbH & Co. KG manufactures specialty chemicals. The Company offers technical oxide, phosphonate, silicone, and heat transfers. Kurt Obermeier is headquartered in Germany. The company was founded on 1948.
8. Arxada
On January 2022, Arxada, a leading global specialty chemicals business, today announces the completion of the merger with Troy Corporation, a global leader in microbial control solutions and performance additives. Arxada is a specialty chemicals firm that specializes in microbial solutions, hygiene, home and personal care, paints, and coatings. The company was founded in 2019 and is headquartered in Switzerland.
9. Remmers Group AG
The Remmers Group AG is an internationally operating company in the construction material technology with headquarters in Löningen, Lower Saxony. The company was founded on 1949.
*Definition- Wood preservatives, which include copper azoles, synthetic pyrethroids, creosote, and other compounds, are chemicals that are applied to wood to protect it from fungus, insects, termites, ants, and other bacteria.
