HOME Research Insight New Product Launches, and Acquisitions were the key Strategies Adopted by Major Players to Enhance their Presence and Market Shares in the Global Wood Preservatives Market

New Product Launches, and Acquisitions were the key Strategies Adopted by Major Players to Enhance their Presence and Market Shares in the Global Wood Preservatives Market

The global wood preservatives market is projected to reach USD 2.09 Billion by 2022, at a CAGR of 5.4% from 2017 to 2022. The applications of wood preservatives can be broadly segmented into residential, commercial, and industrial. Structural & decking, fencing, landscaping, and furniture are some of the subapplications under the residential and commercial segments. The industrial applications include utility poles, railroad ties, and marine. The growing demand for wood preservatives in residential applications is expected to drive the global wood preservatives market in the coming years.

Contracts & agreements, new product launches, and acquisitions were the key strategies adopted by major players to enhance their presence and market shares in the global wood preservatives market from 2013 to 2017. Innovation and new product development strategy accounted for a major share of all development strategies adopted by leading players during the above-mentioned period. Key players operating in the global wood preservatives market include BASF Wolman (Germany), Koopers (US), Lonza (US), LANXESS (US), KMG Chemicals (US), Troy Corporation (US), Viance (US), Dolphin Bay (US), Remmers (Germany), and Wykamol (UK).

BASF Wolman is one of the leading wood preservatives manufacturing companies, which offers a wide range of wood treatment solutions. It mainly operates in the European countries. Its products are supplied through two main product segments, namely, wood treatment and fire protection. The wood treatment products are classified as pressure impregnation, timber impregnation, protection of wood materials, supplemental protection, and fighting wood protection. The company mainly offers water-based wood preservatives. BASF Wolman adheres to the environmental restrictions by developing arsenic and chromium-free wood preservatives.

In June 2016, BASF Wolman launched ProColor Douglas that offers durable and metal-free protection through vacuum pressure treatment. The company aims to increase its wood preservatives product portfolio through this development.

Lonza is one of the leading wood preservative manufacturing companies with a wide range of product portfolio. The company operates in the market through its specialty ingredient and pharma & biotech business segments. Lonza offers wood treatment services, including tanalized timber, tantalized pressure treated wood timber care, fire protection, and others. It offers a line of products for wood treatment and wood preservation. The company markets its products under the brand names Vescol, Tenalith, Antiblu, Tenatrek, Tenamix, Sentry, and Tanalized. The company caters to the residential as well as non-residential sectors.

In August 2015, Lonza acquired Zelam Limited, which is a manufacturer of engineered wood preservatives products. The company focuses on strengthening its R&D capabilities and increasing its product portfolio with the addition of newer products such as, termite treatments and moldicides.

Related Reports:

Wood Preservative Market by Formulation (Water-Based, Oil-Based, Solvent-Based), Application (Residential, Commercial, Industrial), and Region - Global Forecast to 2022

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