Global Wood Preservatives market analysis 2024, Forecast To 2033

The wood preservatives market has demonstrated strong growth, increasing from $1.89 billion in 2023 to $2.02 billion in 2024, with a compound annual growth rate (CAGR) of 7.0%. The growth in the historical period is attributed to construction and infrastructure growth, compliance with environmental regulations, government support, expansion in the furniture industry, and overall economic growth. Moving forward, the wood preservatives market is expected to maintain strong growth, reaching $2.68 billion in 2028 at a CAGR of 7.4%. The projected growth is linked to the rise in urbanization, expansion in the marine industry, increased awareness of wood decay issues, investments in research and development, and a rise in disposable income. Key trends in the forecasted period include the promotion of sustainable wood sourcing, the development of customized solutions, digitization and monitoring practices, the utilization of water-based preservatives, and the encouragement of collaboration and partnerships within the industry.