Some of the drivers behind the growing demand of global wood preservation chemical market include bounce back in residential construction activity, which in turn profits the several applications where wood preservatives are utilized, such as furniture, decking, and siding. Further advances are expected to be limited by the increasing utilization of non-wood materials in several key applications. For example, preservatives will be limited in siding, where the demand of wood is expected to reduce and faces huge competition from the substitutes. Despite the fact, wood still commands the decking applications, the plastic composite decking keeps on disintegrating wood’s share, which likewise decreases wood protection product sales.
Construction industry has been growing significantly over the globe, and acts as one of the important factors for driving the growth of the wood preservation chemicals market during the recent couple of years. In addition, the U.S. construction market has further supported the wood preservation chemicals market. The pattern is anticipated to continue during the forecast period, and is led by continued growth of the worldwide construction industry joined with the recovery of the construction business in the U.S. Wood is broadly utilized as a part of the construction of wood foundations, railroad crossties, walkways, shelters, bridges, sound walls, and others. The significant growth in the furniture business is another important growth driver for the wood preservation chemicals market. The demand for premium wood furniture is surging, owing to increase in disposable income across the globe.