The global fire retardant treated wood market size was worth around USD 1037.48 million in 2023 and is predicted to grow to around USD 1,413.98 million by 2032 with a compound annual growth rate (CAGR) of roughly 3.50% between 2024 and 2032.
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Market Overview for Fire-Retardant Treated Wood
Fire retardant treated wood applications have expanded significantly in recent years. The sophisticated features and benefits of these applications have contributed to their increased awareness and momentum. Paneling, architectural joinery, beams, interior load-bearing, non-load-bearing partition zones, and roof assemblies/trusses are among the numerous applications of fire retardant treated wood in residential constructions, institutional buildings, and commercial buildings.
In comparison to surface coatings, fire retardant treated wood provides more persistent protection against fire by infusing fire retardants into the wood fiber. Fire retardant treated wood is also crucial in the initial fire, particularly in escape routes, as they must be devoid of furniture and furnishings. In the near future, the construction sector anticipates an increase in the vertical application of fire retardant treated wood manufacturing.
Various innovations have been introduced to the fire retardant treated wood industry, which are designed to reduce the production of fumes from wood and slow the spread of flames in fire situations. The CAN/CSA-O80 series of Standards regulates the production and application of timber preservatives. The wood species that may be treated are determined by these consensus-based standards. The demand for flameproof materials is expected to increase in the coming years due to the rapidly expanding construction industry worldwide. Consequently, the market for fire retardant treated wood is expected to experience growth.
The study encompasses the drivers and restraints of the fire retardant treated wood market, as well as the influence they have on demand during the forecast period. Furthermore, the report encompasses an examination of the global fire retardant treated wood market, including opportunities and various trends.
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The Global Fire Retardant Treated Wood Market is segmented based on product, application and region
Global Fire Retardant Treated Wood Market: Product Segment Analysis
● Interior Fire-Retardant Treated
● Exterior Fire-Retardant Treated
Global Fire Retardant Treated Wood Market: Application Segment Analysis
● Residential Constructions
● Institutional Buildings
● Commercial Buildings
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The Global Fire Retardant Treated Wood market profiles key players such as:
● Lonza
● Shuyang Sen Qiya
● Foreco
● Hoover Treated Wood Products
● Koppers
● Viance
● Mets Wood
● Flameproof Companies
● Among others
Regional Analysis of the Fire Retardant Treated Wood Market
The global fire retardant treated wood market was primarily dominated by North America during the forecast period. The industry growth in North America is anticipated to be driven by the increasing use of fire retardant treated wood in the construction industry for fire protection over the forecast timeline. The Asia Pacific region is anticipated to experience the highest compound annual growth rate (CAGR) during the forecast period. The region’s increasing construction activities are recognized as the cause of the development.
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