The North America Wood Preservatives Market would witness market growth of 4.3% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 1,327 hundred Tonnes, showcasing a growth of 18.8% (2020-2023).
Solvent-based wood preservatives typically consist of a carrier solvent, such as mineral spirits or petroleum distillates, which allows the active ingredients to penetrate deep into the wood substrate, providing long-lasting protection against decay, insects, and weathering. These formulations are favored for their ability to offer quick drying times and easy application methods, making them suitable for both outdoor and indoor wood protection applications. Therefore, Canada used 50.64 hundred Tonnes of solvent-based wood preservative in 2023.
The US market dominated the North America Wood Preservatives Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $497.3 million by 2031. The Canada market is experiencing a CAGR of 6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5.8% during (2024 - 2031).
Leading segments for B2C e-commerce in order are consumer electronics, fashion, furniture, toys/hobby, health pharmaceuticals, media & entertainment, beverages, and food. As per the data from Statistics Canada, between February 2020 and July 2022, retail e-commerce sales surged by 67.9%, and from 2019 to 2022 (July year-to-date), e-commerce sales as a share of total retail sales increased noticeably. Retail e-commerce sales remained high in some industry subsectors in 2022. Still, in others, the return of in-store operations has caused consumers and businesses to move closer to pre-pandemic purchasing habits.
Additionally, integrating digital tools, data analytics, and machine learning algorithms in wood treatment processes facilitates real-time monitoring, predictive maintenance, and optimization of treatment parameters, enabling manufacturers to achieve higher throughput, lower energy consumption, and improved product performance.
Mexico is experiencing a boom in residential construction fueled by population growth, urbanization, and rising housing demand. As more homes are built to accommodate the growing population, there is an increased need for treated wood products such as structural framing, decking, fencing, and siding. Wood preservatives protect these wooden structures from decay, insect infestation, and weathering, ensuring their longevity and durability in Mexico's diverse climate conditions. Hence, the growing construction sector in North America will boost the demand for wood preservatives in the region.
Free Valuable Insights: The Wood Preservatives Market is Predict to reach USD 2 Billion by 2031, at a CAGR of 4.9%
Based on Type, the market is segmented into Water Based, Solvent Based, and Oil Based. Based on Application, the market is segmented into Residential, Commercial, and Industrial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Type (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Application (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Country (Volume, Hundred Tonnes, USD Billion, 2020-2031)
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