Wood Products Market by Business Research Company 2022 – Opportunities and Strategies – Global Forecast to 2030
LONDON, GREATER LONDON, UK, June 23, 2022 /EINPresswire.com/ — Wood processing companies use wood preservative chemicals to protect wood from rotting due to microbial and insect attack. Companies use biodegradable chemicals instead of chromated copper arsenate (CCA), which is one of the most widely used wood preservatives. Chromium and arsenic are carcinogenic environmental contaminants and toxic to global health. Some of the wood preservatives with lower toxicity profiles than traditional chemicals include copper quaternary ammonium (ACQ), borates, copper azole, copper naphthenate, and polymer betaine.
The use of wood as a construction material is on the rise due to the many advantages of wooden buildings over concrete buildings, thus boosting the market for wood products. Currently, the building industry is the source of 25% of greenhouse gas emissions worldwide and as a result, the concept of green building construction has evolved, which is expected to reduce CO2 emissions and store carbon. In addition, constructing wooden buildings produces less waste and allows for faster construction compared to a concrete building.
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The global wood products market size is expected to grow from $0.76 trillion in 2020 to $1.19 trillion in 2025 at a rate of 9.3%. The global wood products market share is then expected to grow at a CAGR of 7.4% from 2025 and reach $1.69 trillion in 2030.
The major players covered in the global wood products industry are Weyerhaeuser Company, West Fraser Timber Co Ltd, Canfor, Celulosa Arauco y Constitución, Interfor.
TBRC’s Wood Products Market report is segmented by Type into Finished Wood Products, Wood Processing, Manufactured Wood Materials, by Type into Carpentry, Wood Pallets & Pallets, Prefab Houses and Other Finished Wood Products, by application in the residential and commercial sectors.
Wood Products Market 2022 – By type (finished wood products, wood processing, manufactured wood materials), by application (residential, commercial), and by region, opportunities and strategies – Global Forecast To 2030 is part of a series of new reports from The Business Research Company which provides Wood Products market overview, Wood Products market size and growth forecast for overall market, Wood Products market segments, geographies, Wood Products Market trends, Wood Products Market drivers, restraints, revenue, profiles and market shares of major competitors.
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