WOOD PRESERVATIVE CHEMICALS AND COATINGS ACTIVE INGREDIENT MARKET ANALYSIS

Wood Preservative Chemicals and Coatings Active Ingredient Market, By Active Ingredient Type (Organic (Azoles, Propiconazole, Tebuconazole, and Others, Inorganic, and Others), By Use Class (UC 3 Outdoor, UC 1/2 Indoor, UC 4 Outdoor with ground contact, and UC 5 Marine), By Coating Type (Paints and Stains, Clear Coatings and Varnishes, Preservative Coatings, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025
Code : CMI3449
Pages :120
Formats :
Excel and PDF
Industry : Specialty and Fine Chemicals

Market Challenge - Environmental regulations related to the use of toxic chemicals such as arsenic and chromium

One of the major challenges faced by the wood preservative chemicals and coatings active ingredient sector is the stringent environmental regulations related to the use of toxic chemicals such as arsenic and chromium. According to the statistics provided by the WHO in 2021, around 60% of wood preservative manufacturing firms reported losses or shutdown of many toxic chemical-based production facilities from 2015-2020 due to regulatory non-compliance issues and transition costs.

Market Opportunity-Increased Demand Opportunity in Emerging Markets

The wood preservative chemicals and coatings active ingredient market sees tremendous opportunity in the increased demand for treated wood from emerging economies. According to data from the Industry Research Report in March 2024, the construction industry in India grew by 7.1% in 2021, and estimates suggest the sector will continue growing at over 5-6% annually till 2025.