Wood Preservatives Market Growth Accelerated by Sustainable Practices
Wood preservatives are formulated chemical products used to protect wood from decomposition by fungi, insects, and other micro-organisms. The rising residential construction activities and the subsequent increase in the demand for wood materials have fueled growth of the wood preservatives market. 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: Growing focus on sustainable preservative chemicals is one of the key trends bolstering the growth of the wood preservatives market. Traditionally, harmful chemicals such as creosote, arsenic, and pentachlorophenol were widely used as wood preservatives. However, tighter regulations regarding the use of such dangerous chemicals are prompting producers to shift toward safer and eco-friendly alternatives. Natural preservatives extract...