Wood Coatings Biocide Market is to Touch $1.61 Billion by 2030; The increasing demand for Wood Coatings Biocide across various applications such as furniture, doors & windows, flooring, cabinets & decks, bridges, railroad tie propels market growth.

The Wood Coatings Biocide Market size is estimated to reach $1.61 Billion by 2030, growing at a CAGR of 5.5% during the forecast period 2023-2030, according to a recent report published by IndustryARC, titled, “Wood Coatings Biocide Market –By Ingredient Type (Propiconazole, Iodopropynyl Butylcarbamate (IPBC), Chlorothalonil, Octylisothiazolinone, and Others), By Formulation (Water-Borne, Solvent-Borne, and Others), By Applicant Process (Dipping & Immersion, Brushing, Spray Treatment, and Others), By Application (Furniture, Doors & Windows, Flooring, Cabinets & Decks, Bridges, Railroad Tie, and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030”

Rising demand for eco-friendly and low VOC biocides and advancements in nanotechnology for biocides are fueling the growth of the Wood Coatings Biocide industry during the forecast period.

Asia-Pacific accounted for the largest share of more than 45% in 2023 of the Wood Coatings Biocide market due to the region's booming construction and infrastructure development. Rapid urbanization in countries like China, India, and Southeast Asia has led to a surge in residential, commercial, and industrial projects, significantly increasing the demand for wood products such as furniture, flooring, and interior décor. These wood products require protective coatings to enhance durability and resistance to microbial decay, driving the need for biocides in wood coatings. Additionally, the region's vast manufacturing base, coupled with growing disposable income and consumer demand for high-quality, aesthetically pleasing wood products, has further boosted the use of wood coatings and biocides. Regulatory initiatives aimed at improving product quality and safety standards are also encouraging the adoption of advanced biocide technologies. This combination of economic growth, industrialization, and rising consumer awareness has solidified Asia-Pacific as the largest market for wood coatings biocides.

With increasing global awareness around environmental sustainability, regulations around volatile organic compounds (VOCs) have become stricter. This is especially true in the coatings and biocides sectors, where traditional biocides often release harmful chemicals into the environment. The demand for low VOC or VOC-free wood coatings biocides is growing as regulatory bodies push for greener alternatives. For instance, the European Union’s REACH regulation and the U.S. Environmental Protection Agency (EPA) have set stringent limits on the permissible VOC content in coating products. Wood coatings manufacturers are responding by developing eco-friendly biocides that comply with these regulations, leading to an increased focus on research and innovation in this area. This shift towards greener biocides not only addresses regulatory requirements but also meets the growing consumer preference for sustainable products. According to Peter van Aken of Lonza, paints with anti-viral claims also require registration, for which an extensive data package related to those paints is needed. There might be a higher interest in such paints, but eventually it remains a niche market due to its high barrier. Also, the choice of active substances here remains limited he states. Zilm notices that many companies work on VOC-free or low-VOC solutions, which explains a certain direction to antimicrobial paints. Many companies are jumping on the bandwagon with silver ions. On the one hand, it certainly makes sense, but whether such surfaces also develop their potential in reality and not only under laboratory conditions remains questionable for him he mentioned.

Nanotechnology is revolutionizing many industries, and the wood coatings biocide market is no exception. Nano-biocides, which leverage nanoparticles to offer improved protection against microorganisms, are gaining traction due to their enhanced efficacy, longer-lasting effects, and reduced environmental impact. These biocides provide better penetration into the wood, offering more comprehensive protection against fungi, algae, and bacteria. As the technology matures, its application in wood coatings is expected to grow, driving the demand for biocides based on nanotechnology. The integration of nanotechnology also opens up new possibilities for developing multifunctional coatings that offer additional benefits like UV resistance and anti-fouling properties, enhancing the overall performance of wood coatings. Once the European Commission publishes the approval of the active substance, the biocidal products containing it need to be authorized. This authorization procedure is faster and less expensive compared to the approval of the active substance. Nevertheless, the procedure is still challenging. A complete data set and risk assessment are required for the product, similar to the active substance dossier. This procedure lasts at least four years and it costs more than €300,000, depending on the complexity of the dossier.

Key companies profiled in the Wood Coatings Biocide Market are Lonza Group AG, Akzo Nobel N.V., PPG Industries, Inc., BASF Wolman GmbH, Lanxess AG, Troy Corp., Wacker Chemie AG, Clariant AG, Reactive Surfaces Ltd, Organics GmbH, Vink Chemicals GmbH & Co. KG, Finor Piplaj Chemical Limited, Arxada AG, Srivilas Hydrotech Pvt Ltd., Melzer Chemicals Pvt. Ltd. and others.