Wood Coatings Biocide Market - Forecast(2022 - 2027)

Report Code: CMR 1156 Report Format: PDF + Excel

Wood Coatings Biocide Market Overview

Wood Coatings Biocide Market size is forecast to reach $1.3 billion by 2026, after growing at a CAGR of 5.5% during 2021-2026. Biocides are the products or chemicals that combat pests or micro-organisms. Wood Coatings Biocide is widely used in the protection of wood or wood-made structures and also helps in increasing product life. The increasing demand for tebuconazole and propiconazole based products to control fungicides control wood-destroying due to their adaptability and abundance across indoor and outdoor applications of residential, commercial, and industrial sectors and boost the market growth. Additionally, Zinc Pyrithione (ZNP) powder is also used to protect stains and emulsion paints from fungal and algal. 

Furthermore, the increase in demand for wood in home décor and roofing across the developing regions also drive the market growth. Furthermore, high investment in the tourism, healthcare, and education sectors has encouraged the growth of the construction industry in Saudi Arabia, which is subsequently driving the demand for the wood coating biocide market. The COVID-19 pandemic continues to unfold every day with a severe impact on people, communities, and businesses. The pandemic has reduced the demand for Wood Coatings Biocide. The growth of construction industry and the sales of furniture unit has decreased, these two are the primary users of the biocide coatings and has severely impacted the market's growth.

Wood Coatings Biocide Market Report Coverage

The report: “Wood Coatings Biocide Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Wood Coatings BiocideIndustry.

By Ingredient Type: Propiconazole, Iodopropynyl Butylcarbamate (IPBC), Chlorothalonil, Octylisothiazolinone, and Others.
By Formulation: Water-Borne, Solvent-Borne, and Others.
By Applicant Process: Dipping & Immersion, Brushing, Spray Treatment, and Others.
By Application: Furniture, Doors & Windows, Flooring, Cabinets & Decks, Bridges, Railroad Tie, and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa)

Key Takeaways

  • North America is projected to grow at a substantial rate over the forecast period due to the growing construction industry across the region. Whereas, the US holds the largest share in the region.
  • Wood Coatings Biocide can have toxic carcinogen, which can cause cancer and environmental degradation and will likely hinder the market growth.
  • COVID 19 has reduced the demand of the market due to the shutdown of many industrial operations and construction activities. 

Figure: APAC Wood Coatings Biocide Market Revenue, 2020-2026 (US$ Billion)

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Wood Coatings Biocide Market Segment Analysis - By Ingredient Type

Iodopropynyl Butylcarbamate (IPBC) segment held the largest share of more than 30% in the wood coatings biocide market in 2020. IPBC is a water-soluble preservative used in the paints & coatings, wood preservatives, personal care, and cosmetics industries. It is widely used as a biocide for wood coating. IPBC helps in preserving hardwoods and softwoods from fungal attacks. Iodopropynyl Butylcarbamate is highly effective as compared to propiconazole against fungicide, mold, mildew, and bactericide. 

IPBC is relatively low toxic for mammals and degrades rapidly in soil and aquatic environments, which is why it is not classified under EPA RUP. The advantage of IPBC treatment is that it is colorless and allows the wood to maintain its natural appearance, unlike propiconazole, which is yellow in color. Furthermore, it's highly cost-effective has better performance, easily available, and its ability to maintain its effect for a long period will drive the market's growth in the forecasted period.

Wood Coatings Biocide Market Segment Analysis - By Formulation

Solvent-Borne segment is projected to witness a significant CAGR of 3.5% in the Wood Coatings Biocide Market during the forecast period. The low cost, quick-drying ability and microporous protection against wood rot, fungi, mold, and insect attack properties make solvent-borne coatings as useful products across various wood applications. Solvent-Borne Coatings are less sensitive to environmental conditions such as temperature change and humidity, which is why they are widely used for wood preservation as wood is temperature coefficient. 

Solvent-borne wood coating product to control fungicides Solvent-borne are used as a protective coating on wood or wood products, as it does not allow any moisture to seep into the wood and protect it from decay or rot. Solvent based wood coating biocides also provides excellent protection against ultraviolet radiation and waterproofs any cracks up to 0.4mm, which is why they are used on external wood structures like decks, railroad ties, fences, garden furniture, and wooden shed, which will further drive the markets growth.

Wood Coatings Biocide Market Segment Analysis - By Applicant Process

Brushing segment held the largest share of more than 30% in the Wood Coatings Biocide Market in 2020. Brushing is the simplest form of protective treatment and is widely used in the coating process, as they are cheap and don’t require any expensive equipment, like spray treatment. When applying a protective layer to a furniture brush coating is more feasible, as the painter has better control over the tool, and the protective coating is equally applied. Brush coating offers various benefits such as better control, very good adhesion, equal & uniform coverage than spraying coating, which makes brushing coating suitable for the various wooden application. 

Moreover, not only the brush itself has a low-cost alternative but the application also consumes less coating material, thus saving more coating in the long run. Furthermore, in renovation work brush coating is preferred over spray treatment, mostly in confined spaces, as spraying emits fumes and requires a well ventilated/open area, especially when dealing with biocide coatings. According to research done by Checka trade, a trade directory, estimated around $71.3 billion to be spent on renovations in 2020 in the United Kingdom, which will further propel the market.

Wood Coatings Biocide Market Segment Analysis - By Application

Furniture segment held the largest share of more than 35% in the Wood Coatings Biocide Market in 2020. The growth of this market segment is attributed to the changing people lifestyle, increase in consumer income, growing consumer interest in home decoration, and increase in residential and commercial properties. Furthermore, increasing promotional activities for commercial & residential building accommodation with ready-to-use furniture to attract buyers and get better deals are likely to propel market growth. 

According to International Trade Center (ITC) report in 2020 the global furniture markets is estimated to be $ 1.1 Trillion by 2024, which will further drive the Wood Coatings Biocide Market during the forecasted period. Whereas, propiconazole, zinc pyrithione, and tebuconazole based wood coatings products provide excellent seasonal protection from both shell and weed fouling, owing to this protection ability, the demand for these types of wood coating is growing from the furniture sector.

Wood Coatings Biocide Market Segment Analysis - By Geography

APAC segment held the largest share of more than 45% in the Wood Coatings Biocide Market in 2020. The increase in demand for biocide coatings from different applications encompass joinery, flooring, railroad tie, cabinet, and decks. Furthermore, an increase in commercial housing activities, growing industrial construction, and the development of historic places further drive the market growth. Furthermore, growing investments in furniture-backed living, especially of the middle-class population is expected to drive the growth of the market in the region. 

According to Organization for Economic Co-operation and Development (OECD), estimated that the global middle-class population is estimated to be 3.2 billion in 2020 and will increase to 4.9 billion by 2030. The bulk of this growth will come from Asia and will represent 66% of the global middle-class population by 2030. Thus, this growth further drives the growth of the furniture and housing sector, which in turn boosts the demand for the wood coatings biocide market in the region.

Wood Coatings Biocide Market Driver

Rapid Urbanization boosting the growth of the market

With an increase in consumer income and urbanization, the demand for residential and commercial complexes has increased worldwide. Wood Coatings Biocide is used across residential, commercial, and industrial sectors. The commercial applications include fencing, railroad products, public infrastructure, and decking. Wood products are an underrated necessity in the housing needs of humans as they serve in every nook and corner of the house. Beds, chairs, floors, tables, cupboards, flooring, and many other products of a house utilize wood and require finishing require protective wood coating. 

According to the United Nation, 55% of the world population lives in urban areas and is projected to be 68% by 2050, such a huge population moving in urban areas will significantly boost the demand for the construction industry. For instance, a report released by Oxford Economics the global construction is expected to reach $15.5 trillion by 2030 China, the US, and India leading the way and accounting for 57% of all global growth, which in return boosts the demand for the Wood Coatings Biocide market.

Surging Demand from the furniture Industry

The furniture industry is largely dependent on wood coatings biocide to protect its product from fungal infestation and preserve the furniture for a longer period. Moreover, these wood coatings also protect the furniture from degradation while in storage and also provide a glossy finish to the wood. These factors help in increasing the demand for the wood coatings biocide market. 

According to The Association of Furniture Manufacturer of India (AFMI), the Indian furniture industry is expected to be $61.09 billion by 2023 and growing at a CAGR of 13.38% during the forecasted period. The demand for furniture is growing both in urban and rural India, adding to the growth of the furniture sector. Furthermore, the growth of online shopping platforms, like pepperfry and urban ladder also contribute to the market growth. These factors will further boost the demand for the furniture industry, and in return boost the wood coating biocide market

Wood Coatings Biocide Market Challenges

Emission of Volatile Organic Compounds (VOCs)

Growing concerns for environmental protection among the organization, governments, and the general public is hindering the market's growth. The use of volatile organic compounds (VOC) in the production of biocide wood coating like benzene, ether, and toluene, is hampering the growth of the market. For instance, in the U.S., the Environmental Protection Agency (EPA) has set federal laws for VOC emissions and some states have also tightened emission norms even further, making an impact on the market growth of solvent-borne coatings. The U.S. EPA regulates VOCs at the Federal level in 40 CFR 59, which is the National Volatile Organic Compound Emission Standards for Consumer and Commercial Products.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Wood Coatings Biocide Market report. Major players in the Wood Coatings Biocide Market are Lonza Group AG, Akzo Nobel N.V., PPG Industries, Inc., BASF Wolman GmbH, Lanxess AG, Troy Corp., Wacker Chemie AG, Clariant AG, Reactive Surfaces Ltd, Organics GmbH, and among others.

Acquisitions/Technology Launches

  • In February 2020, LANXESS AG announced the acquisition of Itibanyl Produtos Especiais Ltda. (IPEL) is a leading biocide manufacturer in Brazil. This acquisition will strengthen Lanxess position as the leading manufacturer of antimicrobial active ingredients and formulations also with its market expansion across Brazil.

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1. Wood Coatings Biocide Market- Market Overview
    1.1 Definitions and Scope
2. Wood Coatings Biocide Market - Executive Summary
    2.1 Market Revenue, Market Size, and Key Trends by Company
    2.2 Key Trends by Ingredient Type
    2.3 Key Trends by Formulation
    2.4 Key Trends by Applicant Process
    2.5 Key Trends by Application
    2.6 Key trends by Geography
3. Wood Coatings Biocide Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Major 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASP’s Will Be Provided)
4. Wood Coatings Biocide Market - Startup companies Scenario Premium Premium
    4.1 Major startup company Analysis
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product Portfolio
        4.1.4 Venture Capital and Funding Scenario
5.Wood Coatings Biocide Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Successful venture profiles
    5.4 Customer Analysis – Major companies
6. Wood Coatings Biocide Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of substitutes
7.Wood Coatings Biocide Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product Life Cycle
    7.4 Distributor Analysis – Major Companies
8.Wood Coatings Biocide Market – By Ingredient Type (market Size -$Million/Billion)
    8.1 Propiconazole
    8.2 Iodopropynyl butylcarbamate (IPBC)
    8.3 Chlorothalonil 
    8.4 Octylisothiazolinone
    8.5 Others
9. Wood Coatings Biocide Market – By Formulation (market Size -$Million/Billion)
    9.1 Water-Borne
    9.2 Solvent-Borne
    9.3 Others
10.Wood Coatings Biocide Market – By Applicant Process (Market Size -$Million/Billion)
    10.1 Dipping & Immersion
    10.2 Brushing
    10.3 Spray Treatment
    10.4 Others
11.Wood Coatings Biocide Market – By Application (Market Size -$Millio/Billion)
    11.1 Furniture
    11.2 Doors & Windows
    11.3 Flooring
    11.4 Cabinets & Decks
    11.5 Bridges
    11.6 Railroad Tie
    11.7 Others
12.Wood Coatings Biocide Market - By Geography (Market Size -$Millio/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia & New Zealand
        12.3.3 Indonesia
        12.3.4 Taiwan
        12.3.5 Malaysia
        12.3.6 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5. Rest of the World
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of the Middle East
        12.5.2. Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
            13. Wood Coatings Biocide Market – Entropy
13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Wood Coatings Biocide Market – Market Share Analysis Premium
    14.1 Market Share at Global Level - Major companies
    14.2 Market Share by Key Region - Major companies
    14.3 Market Share by Key Country - Major companies
    14.4 Market Share by Key Application - Major companies
    14.5 Market Share by Key Product Type/Product category - Major companies
15. Wood Coatings Biocide Market – Key Company List by Country Premium Premium
16. Wood Coatings Biocide Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
"*Financials would be provided on a best-efforts basis for private companies"