Global Chemical Modified Woods Market by Product Type (Acetylated Wood, Furfurylized Wood, Other Product Types), By Application (Interior, Exterior), and by Region – Global Forecast to 2032.

Chemical Modified Wood Market Overview:

The global chemical-modified wood market is projected to be USD 317.3 Mn in 2022 to reach USD 685.9 Mn by 2032 at a CAGR of 8.2%.

Wood is a renewable natural resource, which is generally non-toxic, easily accessible, and an inexpensive material derived from biomass. It is a natural product derived from different trees, restrictions are placed on its use, and the material needs to be modified to achieve the desired function.

It is a versatile building material that must be protected from exposure to moisture, fungi, pests, and mold. Modification of wood materials is necessary to overcome weaknesses that are mainly related to humidity, low dimensional stability, hardness and resistance to abrasion, low biodegradability against fungi, termites, marine borers, and low resistance to ultraviolet radiation.

Wood modification refers to a method used to improve the physical, mechanical, and aesthetic properties of wood, veneers, and wood particles used in the production of wood composites.

The materials produced by this process have high durability, appearance, and long service life, and can be used without causing any environmental hazard.

Carbon sequestration and sustainability problems have led to the search for new ecological technologies to improve the stability, durability, and performance of wood, mainly in exterior applications.

Chemically modified woods have a long shelf life. They are durable and last longer than raw wood as they are manufactured with certain preservatives that are considered environmentally friendly due to the growing construction industry in China, which in turn is expected to increase the growth of the target market.

The growing demand for chemically modified woods in countries such as Japan and India, due to their increasing use in outdoor applications, and the demand from the building and construction industry, is further driving the overall market for modified woods in the Asia Pacific.

Global Chemical Modified Woods Market Revenue (USD Mn), 2020–2030:

Calculating future demand is a major challenge for the chemically modified timber market, due to the economic slowdown and the ongoing COVID-19 pandemic around the world.

Many countries in the North American and European regions have not yet fully recovered, which has affected the demand for chemically modified woods in various applications, cumulatively holding back market growth.

Global Chemical Modified Woods Market Attractiveness Analysis by Product Type, 2014–2030:

The research report on the global chemical modified wood market includes profiles of some of the major companies such as:

• Lonza Group AG
• Accsys Technologies
• Adolf Münchinger Holz-Import- Export-GmbH & Co. KG
• Kebony AS
• Abodo Wood Limited
• LIGNIA Wood Company Limited
• Foreco Dalfsen B.V.

For the Chemical Modified Woods Market research study, the following years have been considered to estimate the market size: