The global Wood Preservatives Market Growth Accelerated by Increasing Infrastructure Development Projects
Wood preservatives are chemicals that are applied to wood in order to protect it from damage caused by insects, molds and fungus. Wood preservatives increase the life of wood which makes it suitable for various outdoor applications such as fencing, decking, landscaping and others. There is growing demand for wood preservatives from infrastructure development sector such as construction of bridges, railways sleepers and others. The global Wood Preservatives Market is estimated to be valued at US$ 1,377.8 Mn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increasing infrastructure development projects such as construction of roads, bridges and railways in various regions is one of the major factors driving the growth of the wood preservatives market. Wood finds wide application in infrastructure projects as it is a sustainable and affordable material. Ac...