CLEVELAND - Demand for wood-protection coatings and preservatives is forecast to increase 2.7 percent per year to $3.0 billion in 2009, despite a challenging market environment. Continued weakness in the key siding market is prompting coatings manufacturers to place greater emphasis on growing applications such as cabinets and flooring. In addition, demand will benefit from upgrading, steady production of pressure-treated lumber, and solid levels of construction-related repair and improvement spending.
These and other trends are presented in Wood Protection Coatings & Preservatives, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.