Global Wood Preservative Coatings Market Shows Strong Growth Potential with a 4.9% CAGR: Insights from Future Market Insights

The global wood preservative coatings market size is slated to witness a CAGR of 4.9% between 2021 and 2027.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Wood Preservative Coatings Market’. It has its team of analysts and consultants to deploy a bottom-up approach in its primary, secondary, and tertiary modes of research.

Choice pertaining to wood preservative coatings does depend on the kind of wood as well as biological hazards to which the wood would be subject. When solvent gets used for dispersing a resin (binder), it’s termed as ‘solvent-borne’. When solvent is replaced with water, it’s termed as ‘water-borne’.

With construction vertical flourishing, the global wood preservative coatings market is likely to grow on a gracious note in the forecast period. Siding, decking, and furniture can’t be imagined without preservative coatings in the present scenario.

Interior protection rendered by wood preservative coatings caters to decay and mold/fungi/insects. External protection implies the one from swampy weather.

Paint is amongst the dominant product categories in door, window, and siding applications. Stains and sealers are broadly used on furniture, flooring, decks, and cabinets. At the same time, oil-based wood preservative coatings that include creosote and penta are used in railroad products and utility poles; whereas water-based wood preservative coatings types like copper azole and ACQ are used for treating wood intended for residential and non-industrial applications.

Single-family housing models are in greater demand these days. This calls for more furniture; thereby accelerating the wood preservative coatings market going forward.

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Wood is looked upon as a least energy-intensive building material in comparison with other building materials like concrete, steel, plastic, and likewise. Plus, it’s available at lower costs. These factors are expected to drive the wood preservative coatings market in the near future.

Canada is home to nearly 30% of boreal forests around the world. They constitute pine, poplar, larch, etc. The country is home to large-scale production of softwood. The Canadian Wood Council says that forests in Canada hold the distinction of having independent certifications and being the most protected ones all across.

The Energy and Environmental Design programme of the US Green Building Council does certify wood preservative coating products having lower VOCs and free from formaldehyde. Restrictions have been imposed to check the presence of carcinogenic ingredients and toxins. UV wood preservative coatings are used in various industries due to higher production efficiency and quick curing. Solid technology, as the name suggests, implies less usage of solvents and more solids, with not that strong odor. Amongst the preservatives, insect repellant is preferred due to durability of wood ascertained.

Key Takeaways from the Wood Preservative Coatings Market

• North America holds the largest market share with the US being subject to growing applications of wooden furniture.
• Europe holds the second-largest market share with Italy leading from the front and the scenario is expected to remain unchanged even in the forecast period.
• The Asia-Pacific is expected to witness growth at a rapid pace in the upcoming period due to increasing awareness regarding increasing the durability of wooden products through usage of preservative coatings.

Competitive Coatings in Wood Preservative Coatings Market

• Dow Chemical is known for its waterborne wood coatings. The coatings in stains, wood paints, and sealers do help in protecting it from discoloration, scratching, stains, and the other forms of wear and tear.
• HMG Paints is known for its superlative performance coatings.

Key players

Akzo Nobel N.V., BASF SE, The Dow Chemical Company, The Sherwin-Williams Company, PPG Industries, Inc, Valspar Corporation, Industrias Quimicas Kupsa S.L., RPM International Inc., Lonza Group Ltd, KMG Chemicals, Inc.

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What does the Report coat itself?

• The research study is based on system type (solvent-borne and water-borne), by coating type (preservative (water repellent, fire retardant, and insect repellent), stains, varnishes, shellacs, and others), and by end-use (furniture, marine, construction, and likewise).
• Increasing awareness about the importance of rendering protection from dubious weather is expected to take the wood preservative coatings market by storm in the forecast period.