Fire Retardant Treated Wood Market Report Focus On Landscape | Current And Future Development 2023-2031
The report covers forecast and analysis for the fire retardant treated wood market on a global and regional level. The study provides historic data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints for the fire retardant treated wood market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the fire retardant treated wood market on a global level.
The fire retardant treated wood market size accounted for around USD 876.41 Million in 2018, growing at a CAGR of 3.2% during the forecast period.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Fire retardant treated wood applications have grown leaps and bounds in the recent years. These applications have gained awareness and momentum due to their advanced features and benefits. Fire retardant treated wood is now widely used in residential constructions, institutional buildings, and commercial buildings applications such as in paneling, architectural millwork, beams, interior load bearing, non-load bearing partitions zone, and roof assemblies/trusses. Fire retardant treated wood offers better protection against fire; infusing fire retardants into the wood fiber offers more durable protection in comparison with surface coatings.
Fire retardant treated wood also play an important role in the initial fire, especially in escape routes, since those are required to be without any furniture and furnishing. Construction sectors are expecting more vertical applications of fire retardant treated wood manufacturing in the near future.
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Growth Factors
Fire retardant treated wood industry has seen the release of various innovations that retard the spread of flame and limit production of smoke from wood in fire situations. The manufacture and application of wood preservatives are governed by CAN/CSA-O80 series of Standards. These consensus-based standards dictate the wood species that may be treated. Rapidly growing construction industry across the globe upsurge the demand for flameproof materials, thus augmenting the growth of fire retardant treated wood market in the coming years.
Base on product, the interior fire-retardant treated segment held major revenue share in 2018 and is expected to grow at highest CAGR over the forecast period. The growth is attributed to rising renovation and construction activities.
Geographically, the analysis examines production, consumption, revenue (Million USD), market share, and rate of growth of Fire Retardant Treated Wood in several key regions, including North America, Europe, Asia-Pacific, South America, the Middle East, and Africa, from 2023 to 2030.
The major Manufactures in Fire Retardant Treated Wood Market Report covered are:
● Lonza
● Shuyang Sen Qiya
● Foreco
● Hoover Treated Wood Products
● Koppers
● Viance
● Mets Wood
● Flameproof Companies
Segment Analysis of the Global Fire Retardant Treated Wood Market
The research report divides the market into segments based on location (country), manufacturer,product type & application. During the forecast period of 2023 to 2030, each kind gives information on output. Consumption is also provided for the Application sector for the forecast period of 2023 to 2030. Understanding the segments aids in determining the importance of various market growth variables.
The Fire Retardant Treated Wood market is segmented by Product Type:
● Interior Fire-Retardant Treated
● Exterior Fire-Retardant Treated
● Others
The Fire Retardant Treated Wood market is segmented by Applications:
● Residential Constructions
● Institutional Buildings
● Commercial Buildings
The companies are engaged in several growth and expansion strategies to gain a competitive advantage. Industry players also follow value chain integration with business operations in multiple stages of the value chain. The market players are benefiting from innovation, primarily due to the presence of semi-differentiated offerings among the players in the different regions.
Regional Analysis Preview
North America dominated the global fire retardant treated wood market over the forecast period. Rising use of fire retardant treated wood in the construction industry on account of fire protection is expected to drive industry growth in North America over the forecast timeline. Asia Pacific is expected to grow at highest CAGR over the forecast period. The growth is attributed to rising construction activities in the region.
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