In 2023, the wood preservation sales in the US stood at $8.34 billion. Based on the trends, the market has shown a consistent increase in sales from 2013 to 2023, except for minor declines in 2017 and 2020. Year-on-year growth has generally been positive, peaking in early years and stabilizing in recent years. Notably, from 2022 to 2023, the market grew by 2.33%, while the 5-year CAGR up to 2023 was around 2.55%, showing steady growth.
The forecast indicates continued growth with an annual average increase of around 1.77% over the next five years, reaching $9.33 billion in 2028.
Future trends to watch for:
- Technological advancements in wood preservation techniques.
- Increasing demand for sustainable and eco-friendly preservation methods.
- Regulatory changes impacting the industry.
- Potential impacts of economic and environmental factors.
