Fire-retardant Treated Wood Market

Fire retardant wood is treated with fire retardant chemicals to prevent ignition and rapid spread of flames. These woods are tested in high moisture, heat, and corrosion to check the compatibility. A retort chamber is created in which woods are placed and moisture inside the wood is removed by creating vacuum. After that fire retardant chemicals are applied on the woods. Fire retardants are often applied on furnishings, electronics & electrical devices, building & construction materials, and transportation products.

COVID-19 Impact Analysis

• COVID-19 pandemic has led to halt in the production of various products in the fire retardant wood industry attributed to the implementation of lockdown in countries worldwide. This has hampered the growth of fire retardant wood market in 2020.
• COVID-19 has already affected the sales of fire retardant wood in the second and third quarter of 2020; however, is expected to revive in 2021.
• The major demand for fire retardant wood was previously noticed from countries, including the U.S., Germany, Italy, the UK, which are negatively affected by the spread of the corona virus, thereby declining the demand for fire retardant wood.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Fire retardant wood manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. On the contrary, few players adopted employee lay-offs to sustain during the COVID-19 health crisis.
• Fire retardant wood manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.

Top Impacting Factors

Quality of chemicals used for the treatment is one of the key factors, which decides the quality of fire retardant woods. Poor quality chemicals can compromise the wood quality and affect the performance, thus hindering the market growth. Exposure to moisture and corrosion further impacts the quality of fire retardant woods due to which extra precautions need to be taken during construction, which can be cost-driven. Use of these woods should be done according to the types. Interior woods should be used only for interior portion. It should not be used for exterior portion, as it is not treated for much moisture exposure and fungus. This factor can limit the variety of use. Direct contact with soil can be harmful for fire retardant woods, which requires careful warehousing and rise in cost of forestry equipment is raising the price of fire retardant woods. These factors together restrain the market growth.

Market Trends

• Rise in demand for appealing infrastructure is a key driver of the fire retardant woods market. Demand of these woods has increased for interior and exterior decoration of houses, malls, and theaters.
• Use of fire retardant woods has increased for residential construction, especially in high traffic areas. Owing to their fire resistant properties, they provide more time to escape during fire breakouts.

Key Benefits of the Report

• This study presents the analytical depiction of the fire retardant wood market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
• The current market is quantitatively analyzed to highlight the market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

 Fire-retardant Treated Wood Market Report Highlights