Cedar Wood Market Report 2024

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GLOBAL CEDAR WOOD MARKET REPORT 2024
Global,Regional,CountryAnalysis
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INTRODUCTION
The Cedarwood market is experiencing growth due
to several factors. Cedar wood is renowned for
its natural durability, resistance to decay, and
appealing aesthetics, making it a preferred
choice for various outdoor and indoor
applications. As the construction and housing
industries expand, the demand for cedar wood for
decking, siding, fencing, and other purposes
increases. Additionally, consumers value cedar
wood for its aromatic and insect-repelling
properties, further driving its popularity. Its
sustainable sourcing practices align with
environmental consciousness, contributing to the
market's growth.
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KEY INSIGHTS
MARKET SIZE USD 0.35 billion
2023
CAGR 6.9
2023- 2030
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REVENUE MARKET SHARE BY SEGMENTS 2022

• Organic
• Conventional

Nature Segment

• Medical
• Pharmaceutical

Application Segment

• Oil
• Powder

Extract Type Segment
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Global Cedar Wood Market Revenue share for 2024
North America
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Technology Innovations to Propel Market Growth
Drivers
Lack of Awareness to Hinder Market Growth
Restraints
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AUTHOR'S PERSPECTIVE

• The Global Cedar Wood Market is witnessing
  significant growth in the near future.
• Conventional cedar wood has a proven track record
  for its natural durability, resistance to decay,
  and insect-repelling properties, making it the
  preferred choice for various applications.
• Organic cedar wood is sourced and processed using
  environmentally friendly practices, appealing to
  eco-conscious consumers.
• Cedarwood is a source of essential oils and
  active compounds that possess therapeutic
  properties.
• Cedarwood powder extract, derived from cedar
  heartwood, is increasingly used in the
  pharmaceutical, cosmetic, and personal care
  sectors.

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KEY PLAYERS
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