Los Angeles, January 10, 2020 - Fire retardant treated wood offers unmatched protection from flames, smoke, rot, and decay. Therefore, it is desired by various industries for their applications. QY Research has recently published a report titled “Global Fire Retardant Treated Wood Sales Market Report 2019”. This report predicts the future of the global market and the opportunities that lie in the market. According to the report, the global fire retardant treated wood market was worth US$304.89 mn during 2018 and is expected to reach US$398.04 mn by the end of 2025, registering a CAGR of 3.79% during the forecast period.
Get PDF sample copy of the report at: https://www.qyresearch.com/sample-form/form/1419853/global-fire-retardant-treated-wood-sales-market
Lower Smoke Impact Boosts Sales of Fire Retardant Wood
Fire retardant treated wood is demanded by various industries as it provides numerous benefits. More than its aesthetic appeal and adaptability to design, it is preferred for its versatility. The primary ability of the fire retardant treated wood is to decrease the chances of catching fire. It also helps in surmounting restrictions and complying with regulations for safety at construction site. It is far more sustainable than regular wood, which makes it well-suited for interior and exterior structures. It cuts down on the expenditure as the need for sprinkler system is excluded. If this wood is on fire, its smoke impact is lesser as compared to normal wood. The chemicals used in the process are water-based and non-toxic hence, the structural integrity of the wood is maintained.
It reduces the speed of combustion by decreasing the travel rate of flames. The treatment is generally long lasting. It also allows flexibility and convenience for designing the building as it can be easily crosscut and drilled. This wood also holds a higher resale value hence the global market for fire retardant treated wood is expected to rise during the forecast period.
Exterior Application Segment to augment as it Faces More Challenges
Exterior application segment is expected to rise in demand during the forecast period as it demands high resistance to weathering and tougher climatic conditions. Additionally, growing number of construction activities are also expected to boost the demand for exterior application of fire retardant treated wood.
Cheap Labour to Boost Market Growth in China
North America is expected to lead the global market as this region has the concentration of key players. The governments in this region are extensively investing in research and development activities to boost sales.
China is also expected to emerge as a competing region in the global market as it has cheap labour and resource to manufacture fire retardant treated wood.
Hoover Treated Wood Products Inc. recently announced that its NFPA 285 exterior wall system with fire retardant treated wood was approved and certified by UL by the International Building Code for lateral and vertical flame propagation requirements.
The key players operating in the global fire retardant treated wood sales market are Hoover Treated Wood Products, Lonza, Koppers, Foreco, Flameproof Companies, Viance, Mets Wood, and Shuyang Sen Qiya.
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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