Global Wood Preservative Coatings Market- Market Overview:

The global wood preservative coatings market is expected to grow from USD 2,419 million in 2022 to USD 3,573 million by 2030, at a CAGR of 5% during the Projection period 2023-2030. The growth of wood preservative market is mainly driven by a rebound in residential and construction investment.

Wood preservative coatings stop the wood from deteriorating or aging as a result of mold growth, fungal rot, decay, sap stains, or wood-eating insects. Concerns for human health and the environment might arise from both the treatment process and the use of treated items. Various active ingredients, including organic and inorganic compounds, are present in wood preservation coatings. Chromium, copper, and arsenic are among the inorganic constituents, while tebuconazole, cyproconazole, propiconazole, and other organic compounds are also included. Chemicals and coatings for wood preservation contain active substances that prolong the life of the wood by shielding it from various environmental factors such as mechanical wear, UV rays, and chemical attacks from household products. The three most commonly used oil-type preservatives are creosote, pentachlorophenol, and copper naphthenate. Oxine copper and IPBC (3-iodo-2-propynyl butyl carbamate) are occasionally used for aboveground applications. Creosote and pentachlorophenol solutions, two conventional oil-type preservatives, have often only been used in situations involving infrequent contact with people. The exception is copper naphthenate, a more recently developed preservative with less broad application. Oil-type preservatives have a distinct smell and can seem or feel oily to the touch. The use of water-based wood treatments prevents leaching. Copper naphthenate resists leaching because it is comparatively insoluble in water. Leaching is most visible in goods with high levels of retention and a high proportion of exposed surface area, where it occurs most quickly during the first several months of usage. Leaching is sped up by subjecting the wood to high water flow, a low pH, and water-soluble organic acids. Triazoles are wood preservatives that work well against a wide range of germs and fungus. It is necessary to have a good understanding of their diffusion and distribution in wood in order to develop better treatment regimens that guarantee the long-term stability of wood products.

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Market Dynamics:

Drivers:                          

• Growing Urbanization

Wood coatings are not a new concept, but they have recently become very popular. The wood preservative coatings market is expanding quickly, despite the benefits it provides with improved qualities such as durability and resistance to water, chemicals, and heat. The increased demand from non-residential sectors and growing government assistance for the structural painting of timber buildings such as floors, walls, and ceilings in hotels and hospitals are two reasons for this.

Restraints:                                             

• High VOC Emissions

The market is facing difficulty because wood coatings contain volatile organic compounds (VOCs), which are bad for the environment. Another important barrier for the business is strict VOC standards. Important market participants are attempting to address this by innovating and developing bio wood treatments that are not detrimental to the environment. Other players, on the other hand, have begun employing other raw materials to create bio-based solvent-free coatings, including wheat straw, soy hulls, and palm trees.

Opportunities:

• The Reliability of the Furniture Industry

The furniture industry mandates the use of wood treatments that might be translucent and give the product a glossy look. In order to prevent damage during shipping, wood coating paints are applied to the outer surfaces of wooden objects. These two elements contribute to drawing clients to this coatings market.

Challenges:

• Usage of Dangerous Chemicals

On the other side, it's anticipated that worries over the usage of dangerous chemicals like arsenic, creosote, and chromium will impede market expansion. In the coming years, the wood preservatives coatings market is expected to face challenges due to the restrictions on plant cutting.

Segmentation Analysis:

The global wood preservative coatings market has been segmented based on product type, application, and region.

By Product Type

The product type segment is water-borne and solvent-borne. The water-borne segment led the largest share of the wood preservative coatings market with a market share of around 55% in 2022. All regions have a higher volume share of water-borne wood preservation coatings. Water-borne system types are anticipated to grow in popularity due to severe environmental restrictions and growing awareness of the advantages of water-borne coatings. For instance, the Dow Chemical Company created high-performing novel alkyd composition coatings that are water-borne. Low toxicity and flammability, low HAPs and VOC emissions, reductions in air pollutants, and high adhesion are some benefits of water-borne system type that are driving the industry in the area.

By Application

The application segment is stains, vanishes, preservatives, shellacs, and others. Preservatives segment led the largest share of the wood preservative coatings market with a market share of around 30% in 2022. Products with wood preservative coatings are crucial for extending the lifespan of the finished product. Due to its intrinsic benefits of protection from decay, insect repellant is anticipated to hold a substantial share among different preservatives in terms of both value and volume. Customers choose bug preservatives made of borates, azoles, pentachlorophenol, etc.

Global Wood Preservative Coatings Market- Sales Analysis.

The sale of wood preservative coatings market expanded at a CAGR of 3.5% from 2016 to 2022.

There is a growing need for wood in interior design since it is the most important raw material for structural elements and displays in the interior space. Modern interior design examples include wall bodies, wooden murals, fine woodworking, wood trim, skirting lines, balusters, wood laminate, armrests, and ceilings. During pressure treatment, the wood is encased in an airtight metal slide to shield it from bugs, elements, and rust. The health of wood falls is improved by the application of insecticides in wood preservation. Wood preservatives come in a variety of forms, including oil coats and chemicals based on copper.

The Indian chemical industry is anticipated to grow at a rate of around 9% per year, reaching US$ 304 billion by 2025, up from US$ 163 billion in 2018, according to research from The Economic Times that was released in October 2018. Growth is anticipated to be fueled by increasing demand for petrochemical intermediates and specialty chemicals in end-use markets. The active ingredients in coatings and chemicals used for wood preservation have produced a foul smell that is harmful to both human and animal health. Additionally, some coatings provide wood with less physical protection than creosote. Furthermore, the active component in chemicals and coatings used to preserve wood does not offer protection from especially severe weather conditions. The aforementioned reasons are therefore anticipated to restrict market growth over the Projection period.

Thus, owing to the aforementioned factors, the global wood preservative coatings market is expected to grow at a CAGR of 5% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the wood preservative coatings market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America region dominated the wood preservative coatings market and held a 39% share of the market revenue in 2022.

• The North America region witnessed a major share. In the wood preservative coatings market in North America, the use of water-borne coatings is a key trend. Consumers are becoming more and more aware of the benefits of using eco-friendly coating products. Due to their quick drying and excellent manufacturing efficiency, UV wood preservative coatings are often used in industrial applications. The wood preservative coatings market in North America is also currently dominated by high-solid technology, which uses less solvent and more solids. In the wood preservative coatings market in North America, consumers are also favouring coatings with low odour and good durability more and more.
• Europe is anticipated to experience significant growth during the Projection period. The increase of construction and infrastructure investments, rising interiors demand, rising use of eco-friendly building materials, and rising interest in green building are all factors that are propelling this region forward.

Global Wood Preservative Coatings Market- Country Analysis:

• Germany

Germany's wood preservative coatings market size was valued at USD 42.3 million in 2022 and is expected to reach USD 62.4 million by 2030, at a CAGR of 5% from 2023 to 2030. In developed markets like Germany, there is a shift toward the use of sustainable wood preservative coatings due to rising environmental awareness about the dangers of low-quality and dangerous additives in wood preservative coatings. UV-curing and water-based wood preservative coatings are popular in the regions, and businesses like BASF SE, AkzoNobel N.V., and Dow Chemical are expanding their market share of environmentally friendly products.

• China

China’s wood preservative coatings market size was valued at USD 29 million in 2022 and is expected to reach USD 39 million by 2030, at a CAGR of 4% from 2023 to 2030. This is mainly because of the increased demand for wood and wood-based products in both indoor and outdoor applications due to their abundance and versatility, which is what driving the wood preservation coatings market.

• India

India's wood preservative coatings market size was valued at USD 21.7 million in 2022 and is expected to reach USD 27 million by 2030, at a CAGR of 3% from 2023 to 2030. One of the main factors propelling the growth of the wood preservative coatings market is the rising urbanization of the world. The increased usage of wood in homes and businesses, as well as the growing demand for chemicals used to preserve wood from landscape items, are driving the market's expansion. The market is also influenced by the growing trend toward environmentally friendly wood preservative chemicals, the usage of wood for interior decoration, and wooden floors in structures.

Key Industry Players Analysis:

To increase their market position in the global wood preservative coatings market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.         

• AkzoNobel N.V.
• Sherwin Williams
• PPG Industries
• Nippon Paint Holdings
• Axalta, RPM International
• Kelly-Moore Paint Company Inc.
• Vermont Natural Coatings Inc
• Weilburger Coatings GmbH
• Sniezka S.A.

Latest Development:

• In November 2021, Troy Corporation and Arxada, a multinational specialty chemicals company, agreed to join their two businesses. Since being acquired from Lonza Group AG in July 2021, Armada, formerly known as Lonza Specialty Ingredients or LSI and owned by private equity groups Bain Capital and Cinven, has entered into one strategic partnership. The owners of Troy made an investment in the combined business as part of the agreement.
• In September 2021, Viance announced a deal with a Meredith Schneider Company (AMS) and a William C. Meredith Company. (WCM). Using Southern Yellow Pine poles, WCM and AMS will manufacture and provide UltraPole NXT poles treated with DCOI to the majority of US markets.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	5%
Market Size	2,419 million in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Product Type, By Application, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	AkzoNobel N.V., Sherwin Williams, PPG Industries, Nippon Paint Holdings, Axalta, RPM International, Kelly-Moore Paint Company Inc., Vermont Natural Coatings Inc, Weilburger Coatings GmbH, and Sniezka S.A.
By Product Type	Water-Borne Solvent-Borne
By Application	Stains Vanishes Preservatives Shellacs Others
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Wood Preservative Coatings Market By Product Type:

• Water-Borne
• Solvent-Borne

Global Wood Preservative Coatings Market By Application:

• Stains
• Vanishes
• Preservatives
• Shellacs
• Others

Global Wood Preservative Coatings Market By Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- The rules that the nation upholds, particularly those that pertain to commerce, such as contract law, as they specify what is and is not permitted to do For instance, some nations forbid alcohol or have requirements that must be met, while other governments have excessive bureaucracy that deters industry. the existence of intellectual property (IP) protection for a corporation. For instance, the absence of IP protection laws in a nation would make it difficult for businesspeople to operate there.

Economic Factors- The type of economic structure currently in place in the industry—whether it's a monopoly, an oligopoly, or something more akin to a system of perfect competition. How quickly is anticipated to grow in the near future will depend on the nation's GDP growth rate. The amount that people are willing to borrow and invest depends on the interest rates in the nation. Greater investments would be made as a result of higher rates, which would increase GDP. How successfully one is able to raise capital at a fair price, taking demand and supply into consideration, is also impacted by how efficiently the financial markets operate. The profitability would be impacted by the country's currency rate, especially if it engaged in international trade.

Social Factors- The age and gender distribution of the population have a significant impact on whether or not a certain product may be marketed to them. Targeting a demographic that is primarily male would reach fewer people than targeting a group that is primarily female because makeup is primarily marketed to women. The distribution of classes throughout the population is crucial because it would be impossible to market a premium product to the general public if the majority of people belonging to a lower class; instead, they would have to focus on very specialized niche markets. It may be challenging to properly relate to and attract the target market to some extent due to the disparities in educational backgrounds between marketers and the target market.

Technological Factors- the aforementioned innovations and technological advancements made by rivals. It is crucial to keep an eye on a new technology's level of acceptance as well as how quickly it is expanding and displacing revenues from rivals in the industry in question. This would be the level of urgency necessary to appropriately respond to the invention, either by matching the technology or coming up with a creative substitute. The effect of technology on the costs that the majority of businesses in the sector must bear has the potential to significantly enhance or decrease the ensuing profitability.

Environmental Factors- The capacity to handle the movement of materials and the finished product may be considerably impacted by the current weather conditions. In the event of, for instance, an unexpected monsoon, this would then have an impact on the delivery dates of the finished product. Some products would become worthless as a result of climate change. For instance, warm winter clothing has significantly less of a market in nations where the winter has become very mild due to global warming in the case of textiles. Businesses that generate a lot of garbage may be compelled by law to control their environmental practices. This could involve penalties and quotas for pollution, which could be financially burdensome.

Legal Factors- As was already established, the purpose of intellectual property laws and other data protection regulations is to safeguard the patents and ideas of businesses that only benefit from the information. If there is a danger that the data will be stolen, the system will lose its competitive edge and be very likely to fail. Government-enacted anti-discrimination laws are intended to safeguard workers and guarantee that everyone, regardless of gender, age, handicap, race, religion, or sexual orientation, is treated fairly and given the same chances. After seeing the appalling conditions that workers were required to labor in during and immediately following the industrial revolution, health and safety legislation were established.

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Product Type
     • 3.2. Market Attractiveness Analysis By Application
     • 3.3. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Growing Urbanization
   • 3. Restraints
     • 3.1. High VOC Emissions
   • 4. Opportunities
     • 4.1. The Reliability of the Furniture Industry
   • 5. Challenges
     • 5.1. Usage of Dangerous Chemicals

6. Global Wood Preservative Coatings Market Analysis and Projection, By Product Type
   • 1. Segment Overview
   • 2. Water-Borne
   • 3. Solvent-Borne
7. Global Wood Preservative Coatings Market Analysis and Projection, By Application
   • 1. Segment Overview
   • 2. Stains
   • 3. Vanishes
   • 4. Preservatives
   • 5. Shellacs
   • 6. Others
8. Global Wood Preservative Coatings Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Wood Preservative Coatings Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Wood Preservative Coatings Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Technology Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • AkzoNobel N.V.
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Sherwin Williams
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • PPG Industries
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Nippon Paint Holdings
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Axalta, RPM International
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Kelly-Moore Paint Company Inc.
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • Vermont Natural Coatings Inc
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Weilburger Coatings GmbH
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Sniezka S.A.
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis

List of Table

1. Global Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
2. Global Water-Borne, Wood Preservative Coatings Market, By Region, 2023–2030 (USD Million)
3. Global Solvent-Borne, Wood Preservative Coatings Market, By Region, 2023–2030 (USD Million)
4. Global Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)
5. Global Stains, Wood Preservative Coatings Market, By Region, 2023–2030 (USD Million)
6. Global Vanishes, Wood Preservative Coatings Market, By Region, 2023–2030 (USD Million)
7. Global Preservatives, Wood Preservative Coatings Market, By Region, 2023–2030 (USD Million)
8. Global Shellacs, Wood Preservative Coatings Market, By Region, 2023–2030 (USD Million)
9. Global Others, Wood Preservative Coatings Market, By Region, 2023–2030 (USD Million)
10. Global Wood Preservative Coatings Market, By Region, 2023–2030 (USD Million)
11. North America Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
12. North America Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)
13. USA Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
14. USA Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)
15. Canada Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
16. Canada Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)
17. Mexico Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
18. Mexico Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)
19. Europe Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
20. Europe Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)
21. Germany Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
22. Germany Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)
23. France Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
24. France Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)
25. UK Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
26. UK Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)
27. Italy Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
28. Italy Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)
29. Spain Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
30. Spain Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)
31. Asia Pacific Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
32. Asia Pacific Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)
33. Japan Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
34. Japan Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)
35. China Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
36. China Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)
37. India Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
38. India Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)
39. South America Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
40. South America Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)
41. Brazil Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
42. Brazil Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)
43. Middle East and Africa Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
44. Middle East and Africa Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)
45. UAE Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
46. UAE Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)
47. South Africa Wood Preservative Coatings Market, By Product Type, 2023–2030 (USD Million)
48. South Africa Wood Preservative Coatings Market, By Application, 2023–2030 (USD Million)

List of Figures 

1. Global Wood Preservative Coatings Market Segmentation
2. Wood Preservative Coatings Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Wood Preservative Coatings Market Attractiveness Analysis By Product Type
9. Global Wood Preservative Coatings Market Attractiveness Analysis By Application
10. Global Wood Preservative Coatings Market Attractiveness Analysis By Region
11. Global Wood Preservative Coatings Market: Dynamics
12. Global Wood Preservative Coatings Market Share By Product Type (2023 & 2030)
13. Global Wood Preservative Coatings Market Share By Application (2023 & 2030)
14. Global Wood Preservative Coatings Market Share by Regions (2023 & 2030)
15. Global Wood Preservative Coatings Market Share by Company (2021)