The global wood preservatives market size was 1.3 billion in 2021. The global wood preservatives market is forecast to grow to US$ 2.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.
The term wood preservation is the method of treating wood through chemicals or biochemical substances to prevent its deterioration.

Factors Influencing the Market
Growing urbanization and rising investments in the process will primarily drive the growth of the global wood preservatives market. Furthermore, rising per capita income will be a significant contributor to the growth of the global wood preservatives market.
The launch of environmentally friendly wood preservative chemicals will offer ample growth opportunities for the market. In addition to that, other factors like increasing challenges from marine borers will also boost the growth of the market during the study period.
Rising demand for interior design, where wood is used as an essential raw material in the structure portion and show, will also contribute to the growth of the market. Additionally, changing living standards of people, combined with the growing adoption of modern interior design, such as wall bodies, wood murals, wood carving, etc., will prompt the demand for the wood preservatives market during the analysis period.
Growing construction activities across the world will also benefit the wood preservatives market during the study timeframe. On the contrary, stringent environmental regulations may limit the growth of the wood preservatives market.

Regional Analysis
North America is forecast to hold the highest market share in the wood preservatives market, owing to the increasing use of wood in the residential and industrial sectors. Furthermore, the rapidly growing construction industry, combined with heavy infrastructural development spending, will benefit the wood preservatives market during the forecast period.
The Asia-Pacific wood preservatives market will also register significant growth due to rapidly growing urbanization in the region. In addition to that, infrastructure development and a lenient regulatory framework restraining the use of chemicals in the region will drive the demand for wood preservatives during the forecast period.

COVID-19 Impact Analysis
Due to the COVID-19 pandemic, individual spending on construction and interior designing decreased drastically. As a result, it hampered the growth of the wood preservatives market. Moreover, the pandemic created a significant labour shortage in the developing economies, which limited the rate of construction activities. Thus, it affected the global wood preservatives market.

Competitors in the Market
Aadinath Chemical Industries
Advance Agrisearch Limited
BASF Corporation
Copper Care
Division of J.V. Barrett & Co Limited
Dolphin Bay
Janssen Pharmaceutica NV
Jubilant
KMG Chemicals
Koppers Inc.
Kurt Obermeier GmbH & Co. KG
LADA ORGANICS PVT. LTD
LANXESS
Other Prominent Players

Market Segmentation
The global wood preservatives market segmentation focuses on Formulation, Application, and Region.
By Formulation:
Water-Based Wood Preservatives
Solvent-Based Wood Preservatives
Oil-Based Wood Preservatives
By Application:
Residential
Commercial
Industrial
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America