Wood preservatives are chemicals that protect the wood from moisture, decay, and insect damage. They are typically made of chemicals that are applied to wood to extend its life and make it more durable. Creosote, pentachlorophenol, borate, and copper-based compounds are common wood preservatives. These chemicals are used to treat wooden structures like roofs, fences, decks, and other outdoor structures, as well as treated timber used in construction. Wood preservatives can also be used to protect furniture and other wooden items from weathering, mold, and insects.

The global wood preservatives market size is estimated to grow from USD 1.3 billion in 2020 to USD 1.7 billion by 2025, at a CAGR of 5.1 % during the forecast period. The market is witnessing moderate growth, owing to increasing application, infrastructural development, and growing demand for these wood preservatives in Asia Pacific, North America and Europe. Wood preservatives are largely used in residential & commercial application. The increasing use of wood preservatives in residential, commercial and the rising construction activities is driving the wood preservatives market.

Koppers (US), Lonza (Switzerland), Lanxess (Germany), Cabot Microelectronics (US), BASF Wolman (Germany) and Troy (US) among others are the leading wood preservatives manufacturers, globally.

Koppers (US) is one of the major players operating in the wood preservatives market. In 2020, Koppers plans to expand the copper naphthenate wood preservative market. The company offers range of wood preservatives which has distinctive product and termite resistance. A strong regional presence is its major strength. The company also has a strong R&D team that helps it introduce new and improved products. According to the company's strategy, its focus is on customer service excellence and reliability, which has been a keystone of its rapid and successful growth in the North American, European, and APAC regions.

Lonza (US) is the second-largest player of the wood preservatives market, globally. Lonza (US) sells wood preservatives under the brand name, Antiblu, Tetratek, Tenamix, Vacsol, Tenalith, Canopy, Antichecking, Enseal, Tenacare and Tenacoat. The company has geographical presence in North America, Latin America, Europe, Asia Pacific, and Africa. The company focuses on research and development to enhance product portfolio. This preservative is used to treat fencing, cladding, and landscaping timbers. The company offers wide product portfolio with Lonza's global network to strengthen its geographical presence.