Wood Preservative Chemicals Market to Post 7.2% CAGR to 2023, States Stratistics MRC in Its Topical Report Published at MarketPublishers.com19 Oct 2017 • by Natalie Aster
LONDON – Worldwide, the wood preservative chemicals market is projected to grow from USD 1.58 billion as of 2016 to amount to USD 2.57 billion by 2023, posting a 7.2% CAGR. The major factors driving the growth of the market include an upsurge in the usage of wood in interior design, urbanisation growth in emerging economies, and a hike in consumer expenditure levels. Additionally, the technological advances in wood treatment chemicals, and a growing uptake of ecologically friendly preservative chemicals also contribute to the market growth. Meantime, stiff regulations on the use of toxic chemicals and restricted availability of wood are amidst the factors hindering the market growth.
Geography-wise, North America takes the lead in the world market grabbing the lion’s revenue share, with the situation set to continue in the years to come. Europe holds the second position in this respect. APAC is deemed to be the most rapidly growing region in the offing. Fast-paced urbanisation alongside expanding infrastructure related activities are the factors boosting the APAC market growth.
BASF Wolman, Dolphin Bay, Koppers, Kurt Obermeier, Borax, Cooper Care Wood Preservative, Janssen Pharmaceutica, Jubilant, KMG Chemicals, Wykamol Group, Remmers, Lanxess, Lonza, Troy Corporation, Lada Organics and Viance, among others, are the key players in the world wood preservative chemicals market.
Topical research report “Wood Preservative chemicals - Global Market Outlook (2017-2023)” drawn up by Stratistics MRC offers a comprehensive review and examination of the ongoing situation in the market at the global level.
The market research report provides an all-round analysis of the markets shares on a regional and country levels; offers market share assessments of the leading market players. The research study sheds light on the key factors fuelling and restraining the market growth, as well as sheds light on the threats, challenges, and various investment opportunities in the marketplace. It gives insights into the trends in the supply chain mapping the up-to-the-minute technological advances. The report canvasses the competitive scenario and offers detailed profiles of the main market participants (containing an overview of their market shares, business strategies, financial performance, and recent developments. Moreover, the report presents valuable strategic recommendations in major business segments, and offers 7-year forecast figures for the overall market, as well as its segments and sub-segments and top regional markets.
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