Global Wood Preservation Chemicals Market: Eco-friendly Options Dawn New Opportunities at the Drop of Toxic Chemicals, finds TMR
The global wood preservation chemicals market is observed to be typified by low price sensitivity, as a result of which the significant players in the industry are competing with product differentiation as a basis. In a report released by Transparency Market Research (TMR), the plain sailing availability of raw materials and relatively moderate production cost have intensified the threat of new entrants. While the degree of competition is forecasted to be medium, the possibility of joint ventures, strategic mergers, and exclusive agreements could be high. According to the research analysis of TMR, the world wood preservation chemicals market is projected to rake in US$2.1 billion by the end of 2023, whereas it stood at US$1.7 billion in 2016. The various applications of wood preservation chemicals have proved to be vital in the advancement of the global market. The construction application segment had attained US$7.6 billion in 2016 and is anticipated to reac...