Published By : 02 Mar 2016 | Published By : QYRESEARCH
The global wood preservation chemical market has been experiencing a transitional phase over the past decade. Amidst rapid industrialization across the world, this market has gained significant traction, owing to heightened demand.
Asia Pacific led the global market for wood preservation chemicals in 2014. North America and Europe closely followed Asia Pacific. Analysts expect Asia Pacific to report the fastest growth in terms of demand as well as production volume of wood preservation chemicals in the coming years, owing to the industrial development and the increase in construction activities in this region.
The soaring demand for wood preservation chemicals in Asia Pacific, aided by the increased disposable income of consumers, has brought this region into limelight and manufacturers are increasingly shifting their bases here. North America has also been witnessing an extensive demand for wood preservation chemicals since past few years and is projected to maintain this trend over the coming years.
Rise in Construction Industry Propelled Demand for Wood Preservation Chemicals
The global rise in industrialization and the construction industry has boosted the demand for wood preservation chemicals significantly. However, strict regulations regarding the usage of these chemicals, imposed by several environmental protection agencies, is expected to limit the growth of this market in the near future. Other important trends, shaping the future of the global wood preservation chemicals market are:
Some of the key wood preservation chemicals producers across the world are BASF Wolman GmbH, KMG Chemicals, Janssen Preservation & Material Protection, Kurt Obermeier GmbH & Co. KG, Kop-Coat Inc., and Lonza Group Ltd.