Wood Preservative Coatings Market is set to grow at 4.9% CAGR by volume through 2027
The wood preservative coatings market in the U.S. is expected to be driven by the rise in the single family house building. Also, the consumers in the state are demanding engineered wood owing to its cost-effectiveness and reduction in the construction timelines. For instance, in April 2017, the University of Massachusetts Amherst (Umass) opened an engineered wood building, the first in the U.S. using a wood concrete floor system. The wood coatings, additives and adhesives play an important role in achieving the desired properties. It is expected that the wood structural systems for four-twelve story buildings would be dominant in the U.S., which will lead to an increasing demand for wood preservative coatings during the forecast period. In April 2017, Trump administration announced to impose a tariff of 20% on the soft woods which enter the U.S state from Canada. Earlier, the trade between U.S and Canada were easy and not strict. In 2016, according to the U.S Commerce Dept., imp...