The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow upward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
Global Fire Retardant Treated Wood Market: Key Takeaways
FRT wood is wood treated to reduce surface burning characteristics, it is used in construction to provide extra protection from fire. Global Fire Retardant Treated Wood market size was 248.8 million USD in 2017 and it will be 332.52 million USD in 2025, with a CAGR of 3.69% from 2017 to 2025. By volume, the market is projected to register a 3.41% CAGR during the forecast period. The major drivers for the market include the growth in the construction industry and gaining popularity of flameproof materials for construction, furthermore, increasing adaptation of fire inhibiting treated materials owing to personal safety will also add to the growth of the market.
This report studies the Fire Retardant Treated Wood market, from angles of players, regions, product types and end industries, to analyze the status and the future.
Global Fire Retardant Treated Wood Market: Forecast by Product Types
In terms of percentage share contribution by product, the 15-25 FSR segment is expected to account for 70.44% by 2025, emerging as the leading segment by value. FRT wood is used extensively in residential and commercial applications throughout the world. In 2017, the Interior Applications segment (including trusses, roof panels, framing, sidewall sheathing and stairwells) is expected to dominate this market.
Global Fire Retardant Treated Wood Market: Forecast by Application
There are mainly two types of Fire retardant treated wood available right now: Fire retardant treated wood for interior application and fire retardant treated wood for exterior application.
Much of the fire retardant-treated wood in construction today is used in interior applications. In these uses, the wood is protected from the weather and from moisture. It can be found in wall framing, ceiling joists, roof trusses and other structural elements of a building.
The chief reason to use fire retardant wood in interiors is to increase safety reducing or slowing the spread of flames and smoke to give people time to safely exit the structure during a fire. Interior fire retardant wood also can reduce the destruction and damage to a structure, giving fire services more time to extinguish the blaze.
Global Fire Retardant Treated Wood Market: Key Players
The Fire Retardant Treated Woods market is fragmented with the presence of many active players. Hoover Treated Wood Products, is the largest producer of fire-retardant treated wood in the world. Other leading players in this market include Lonza, Koppers, Foreco, Flameproof Companies, Viance Treated Wood Solutions, Metsä Wood, Shuyang Sen Qiya and etc.
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