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#U.S. fire retardant treated wood market analysis
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The U.S. fire retardant treated wood market rising demand for fire retardant materials is expected to play a vital role in the growth of the market. Demand for fire retardant in institutional structures accounted for 25.2% of the total revenues in 2016. The segment is expected to witness sluggish growth on account of the saturation of the market in this space.
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U.S. Fire Retardant Treated Wood Market Size, Analysis and Forecast, 2014 to 2024
12 September 2018, The U.S. Fire Retardant Treated Wood Market is estimated to exceed USD 115 million by 2024. A rising number of incidences of wildfire break out is expected to result in increased demand for fire retardant wood.
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The U.S. fire retardant treated wood market has changed drastically over the period owing to the increase in arson accidents lately. For instance, there was a warehouse fire which killed approximately 33 people and left other injured in California, in December 2016. Such incidences have resulted in personal safety concerns and are expected to result in a surge of the fire retardant treated wood industry.
The government has mandated stringent regulations mandating the use of fire retardant materials in institutional and public places or event venues owing to the recent elevation in temperatures and fire incidences. The flameproof wood is gaining popularity among builders as the safety of residents is preferred the most, hence increase in demand from construction sector will help boost the fire retardant treated wood market.
Demand for fire retardant in institutional structures accounted for 25.2% of the total revenues in 2016. The segment is expected to witness sluggish growth on account of the saturation of the market in this space. Nonetheless, the mandated use of flame retardants in museums, schools, and universities by authorized regulatory bodies is expected to drive the market.
Browse Details of Report @ https://www.hexaresearch.com/research-report/us-fire-retardant-treated-wood-market
Other areas of applications such as personalized gifts and defense sector are expected to boost the market for fire retardant treated wood. For instance, the U.S. Navy uses flame retardant treated wood to construct blimp hangars for controlling the fire on ships.
The increase in the construction and sale of new houses is expected to augment the growth of the market. Moreover, consumer preference for wood over other construction materials is expected to provide an impetus to the market growth over the next few years.
Chemco, Westminster Industries Ltd., Quality Support, LLC, Conrad Forest Products, Viance, and Lonza are some of the key players operating in the industry. Viance is integrated in its operations from raw material supply to manufacturing fire retardant treated wood products. Low switching cost owing to low product differentiation has resulted in high rivalry among competitors.
Hexa Research has segmented the U.S. fire retardant treated wood market based on type and application:
Segmentation By Type, 2014 - 2024 (USD Million) • Interior • Exterior
Segmentation By Application, 2014 - 2024 (USD Million) • Residential • Commercial • Institutional • Others
Key Players Analyzed • Chemco • Quality Support, LLC • Westminster Industries Ltd. • Flameproof Companies • Conrad Forest Products • Lonza • Western Wood Preserving Co. • RAM Forest Products • Hoover Treated Wood • Great Northern Lumber
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/green-building-materials-industry
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dd-markets-trends · 3 years
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Fire Retardant Plywood Market - Global Industry Outlook Research Report 2021-2026 Added By DecisionDatabases
The global Fire Retardant Plywood Market report offers a comprehensive assessment of the market for the forecast years. The report contains several segments and an analysis of the market trends and growth factors that are playing a vital role in the market. These factors encompass the drivers, restraints, and opportunities. This globe industry offers an outlook on the strategic development of the market in terms of revenue profits over the forecast period 2021-2026.
The key market players for the global Fire Retardant Plywood market are listed below:
Chicago Flameproof
Viance
Hoover Treated Wood Products
Mets Wood
Arch Wood Protection
Bayou City Lumber
Capital City Lumber
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UCFA
UCFB
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Architectural Milwork
Paneling
Roof Trusses
Beams
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North America (U.S., Canada, Mexico)
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Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
Latin America (Brazil, Rest of L.A.)
The Middle East and Africa (Turkey, GCC, Rest of Middle East)
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