KEY FINDINGS
The global wood plastic composites market is estimated to grow at a CAGR of 11.87% in terms of revenue during the forecast period of 2020-2028. In terms of volume, the market is expected to reach a CAGR of 10.43% over this period. The major factors pushing the market growth are the surging demand for high performance, low cost, low maintenance building products that are eco-friendly, and maintenance-free. Furthermore, the rising demand for biodegradable and recyclable materials for manufacturing components, along with superior mechanical strength, fuel efficiency, and weight reduction properties of wood plastic composites, is anticipated to augment market growth.
MARKET INSIGHTS
Wood plastic composites are composite materials made of fine wood fibers or wood flour mixed with a thermoplastic such as polyethylene (PE), polyvinylchloride (PVC), polypropylene (PP), along with the processed additives like pigments, lubricants, blowing agents among others. The main applications of wood plastic composites are building and construction products, and automotive components. The demand for wood plastic composites in building and construction is expected to rise considerably due to superior performance benefits, low maintenance, and durability. There is intense competitive rivalry among manufacturers to increase their market share as it is a fragmented market.
The lack of rigidity and impact on heavy load, lack of well-defined quality standards, and reducing the weight of wood plastic composites products are some of the market restraints. Wood is treated with thermoplastics and few additives, wood plastic composites becomes stiffer and loses flexibility, which makes it difficult to reshape it.
REGIONAL INSIGHTS
The global wood plastic composites market is analyzed geographically based on the market regions in North America, Europe, Asia Pacific, and the Rest of the World. As of 2019, the market region of North America holds the largest market share in terms of revenue, and continues the trend by the end of the projected period. This is attributed to factors such as increasing population, rapid urbanization, and growing customer preference for WPC products.
COMPETITIVE RIVALRY
Axion International, Inc., Fiberon, LLC, Beologic N.V, Universal Forest Products, Inc., FKuR Kunstsoff GmbH, etc. are some of the well-known companies operating in the market, among others.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Global Wood Plastic Composites Market Forecast 2020-2028
Table of Contents
1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Parent Market Analysis: Wood Products Manufacturing Market
3.2. Market Definition
3.3. Key Drivers
3.3.1. Growing Demand From Building And Construction Applications
3.3.2. Ban On The Use Of Arsenic Toxins, Chromium And Toxins Copper
3.3.3. Increasing Demand For Recyclable Materials In Automotive Industry
3.3.4. Increasing Demand For Pvc-Capped Decking Products
3.3.5. Environmental Concern
3.4. Key Restraints
3.4.1. Lack Of Rigidity And Impact Of Heavy Load
3.4.2. Product Limitations In Certain Applications
3.4.3. Lack Of Well-Defined Quality Standards
3.4.4. Reducing The Weight Of Wpc Products
3.4.5. Low Preference For Recyclates In Products
4. Key Analytics
4.1. Key Investment Insights
4.2. Porter's Five Force Analysis
4.2.1. Buyer Power
4.2.2. Supplier Power
4.2.3. Substitution
4.2.4. New Entrants
4.2.5. Industry Rivalry
4.3. Opportunity Matrix
4.4. Vendor Landscape
4.5. Supply Chain Analysis
5. Market By Type
5.1. Polyethylene (Pe)
5.2. Polyvinylchloride (Pvc)
5.3. Polypropylene (Pp)
5.4. Other Types
6. Market By Application
6.1. Building & Construction Products
6.2. Automotive Components
6.3. Industrial & Consumer Goods
6.4. Other Applications
7. Geographical Analysis
7.1. North America
7.1.1. United States
7.1.2. Canada
7.2. Europe
7.2.1. United Kingdom
7.2.2. Germany
7.2.3. France
7.2.4. Italy
7.2.5. Russia
7.2.6. Belgium
7.2.7. Poland
7.2.8. Rest Of Europe
7.3. Asia Pacific
7.3.1. China
7.3.2. Japan
7.3.3. India
7.3.4. South Korea
7.3.5. Asean
7.3.6. Australia & New Zealand
7.3.7. Rest Of Asia Pacific
7.4. Rest Of World
7.4.1. Latin America
7.4.2. Middle East & Africa
8. Company Profiles
8.1. Mositureshield (Formerly Advanced Environmental Recycling Technologies, Inc. (Aert)) (Acquired By Oldcastle Architectural)
8.2. Axion International, Inc.
8.3. Beologic N.V.
8.4. Certainteed Corporation
8.5. Fiberon, Llc (Acquired By Fortune Brands Home & Security Inc.)
8.6. Fkur Kunststoff Gmbh
8.7. Jelu-Werk Josef Ehrler Gmbh & Co. Kg
8.8. Polyplank Ab
8.9. Tamko Building Products, Inc.
8.10. Timbertech Limited
8.11. Trex Company, Inc.
8.12. Universal Forest Products, Inc.
List of Tables
Table 1: Market Snapshot - Wood Plastic Composites
Table 2: Global Wood Plastic Composites Market, By Type, Historical Years, 2016-2019 (In $ Million)
Table 3: Global Wood Plastic Composites Market, By Type, Forecast Years, 2020-2028 (In $ Million)
Table 4: Global Wood Plastic Composites Market, By Type, Historical Years, 2016-2019 (In Kilotons)
Table 5: Global Wood Plastic Composites Market, By Type, Forecast Years, 2020-2028 (In Kilotons)
Table 6: Global Polyethylene (Pe) Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 7: Global Polyethylene (Pe) Market, By Region, Forecast Years, 2020-2028 (In $ Million)
Table 8: Global Polyvinylchloride (Pvc) Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 9: Global Polyvinylchloride (Pvc) Market, By Region, Forecast Years, 2020-2028 (In $ Million)
Table 10: Global Polypropylene (Pp) Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 11: Global Polypropylene (Pp) Market, By Region, Forecast Years, 2020-2028 (In $ Million)
Table 12: Global Other Types Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 13: Global Other Types Market, By Region, Forecast Years, 2020-2028 (In $ Million)
Table 14: Global Wood Plastic Composites Market, By Application, Historical Years, 2016-2019 (In $ Million)
Table 15: Global Wood Plastic Composites Market, By Application, Forecast Years, 2020-2028 (In $ Million)
Table 16: Global Wood Plastic Composites Market, By Application, Historical Years, 2016-2019 (In Kilotons)
Table 17: Global Wood Plastic Composites Market, By Application, Forecast Years, 2020-2028 (In Kilotons)
Table 18: Global Building & Construction Products Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 19: Global Building & Construction Products Market, By Region, Forecast Years, 2020-2028 (In $ Million)
Table 20: Global Automotive Components Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 21: Global Automotive Components Market, By Region, Forecast Years, 2020-2028 (In $ Million)
Table 22: Global Industrial & Consumer Goods Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 23: Global Industrial & Consumer Goods Market, By Region, Forecast Years, 2020-2028 (In $ Million)
Table 24: Global Other Applications Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 25: Global Other Applications Market, By Region, Forecast Years, 2020-2028 (In $ Million)
Table 26: Global Wood Plastic Composites Market, By Geography, Historical Years, 2016-2019 (In $ Million)
Table 27: Global Wood Plastic Composites Market, By Geography, Forecast Years, 2020-2028 (In $ Million)
Table 28: Global Wood Plastic Composites Market, By Geography, Historical Years, 2016-2019 (In Kilotons)
Table 29: Global Wood Plastic Composites Market, By Geography, Forecast Years, 2020-2028 (Kilotons)
Table 30: North America Wood Plastic Composites Market, By Country, Historical Years, 2016-2019 (In $ Million)
Table 31: North America Wood Plastic Composites Market, By Country, Forecast Years, 2020-2028 (In $ Million)
Table 32: North America Wood Plastic Composites Market, By Country, Historical Years, 2016-2019 (In Kilotons)
Table 33: North America Wood Plastic Composites Market, By Country, Forecast Years, 2020-2028 (In Kilotons)
Table 34: Europe Wood Plastic Composites Market, By Country, Historical Years, 2016-2019 (In $ Million)
Table 35: Europe Wood Plastic Composites Market, By Country, Forecast Years, 2020-2028 (In $ Million)
Table 36: Europe Wood Plastic Composites Market, By Country, Historical Years, 2016-2019 (In Kilotons)
Table 37: Europe Wood Plastic Composites Market, By Country, Forecast Years, 2020-2028 (In Kilotons)
Table 38: Asia Pacific Wood Plastic Composites Market, By Country, Historical Years, 2016-2019 (In $ Million)
Table 39: Asia Pacific Wood Plastic Composites Market, By Country, Forecast Years, 2020-2028 (In $ Million)
Table 40: Asia Pacific Wood Plastic Composites Market, By Country, Historical Years, 2016-2019 (In Kilotons)
Table 41: Asia Pacific Wood Plastic Composites Market, By Country, Forecast Years, 2020-2028 (In Kilotons)
Table 42: Rest Of World Wood Plastic Composites Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 43: Rest Of World Wood Plastic Composites Market, By Region, Forecast Years, 2020-2028 (In $ Million)
Table 44: Rest Of World Wood Plastic Composites Market, By Region, Historical Years, 2016-2019 (In Kilotons)
Table 45: Rest Of World Wood Plastic Composites Market, By Region, Forecast Years, 2020-2028 (In Kilotons)
List of Figures
Figure 1: Key Investment Insights
Figure 2: Porter's Five Force Analysis
Figure 3: Opportunity Matrix
Figure 4: Vendor Landscape
Figure 5: Global Wood Plastic Composites Market, Growth Potential, By Type, In 2019
Figure 6: Global Wood Plastic Composites Market, Polyethylene (Pe), 2020-2028 (In $ Million)
Figure 7: Global Wood Plastic Composites Market, Polyvinylchloride (Pvc), 2020-2028 (In $ Million)
Figure 8: Global Wood Plastic Composites Market, Polypropylene (Pp), 2020-2028 (In $ Million)
Figure 9: Global Wood Plastic Composites Market, Other Types, 2020-2028 (In $ Million)
Figure 10: Global Wood Plastic Composites Market, Growth Potential, By Application, In 2019
Figure 11: Global Wood Plastic Composites Market, Building & Construction Products, 2020-2028 (In $ Million)
Figure 12: Global Wood Plastic Composites Market, Automotive Components, 2020-2028 (In $ Million)
Figure 13: Global Wood Plastic Composites Market, Industrial & Consumer Goods, 2020-2028 (In $ Million)
Figure 14: Global Wood Plastic Composites Market, Other Applications, 2020-2028 (In $ Million)
Figure 15: North America Wood Plastic Composites Market, Regional Outlook, 2019 & 2028 (In %)
Figure 16: United States Wood Plastic Composites Market, 2020-2028 (In $ Million)
Figure 17: Canada Wood Plastic Composites Market, 2020-2028 (In $ Million)
Figure 18: Europe Wood Plastic Composites Market, Regional Outlook, 2019 & 2028 (In %)
Figure 19: United Kingdom Wood Plastic Composites Market, 2020-2028 (In $ Million)
Figure 20: Germany Wood Plastic Composites Market, 2020-2028 (In $ Million)
Figure 21: France Wood Plastic Composites Market, 2020-2028 (In $ Million)
Figure 22: Italy Wood Plastic Composites Market, 2020-2028 (In $ Million)
Figure 23: Russia Wood Plastic Composites Market, 2020-2028 (In $ Million)
Figure 24: Belgium Wood Plastic Composites Market, 2020-2028 (In $ Million)
Figure 25: Poland Wood Plastic Composites Market, 2020-2028 (In $ Million)
Figure 26: Rest Of Europe Wood Plastic Composites Market, 2020-2028 (In $ Million)
Figure 27: Asia Pacific Wood Plastic Composites Market, Regional Outlook, 2019 & 2028 (In %)
Figure 28: China Wood Plastic Composites Market, 2020-2028 (In $ Million)
Figure 29: Japan Wood Plastic Composites Market, 2020-2028 (In $ Million)
Figure 30: India Wood Plastic Composites Market, 2020-2028 (In $ Million)
Figure 31: South Korea Wood Plastic Composites Market, 2020-2028 (In $ Million)
Figure 32: Asean Wood Plastic Composites Market, 2020-2028 (In $ Million)
Figure 33: Australia & New Zealand Wood Plastic Composites Market, 2020-2028 (In $ Million)
Figure 34: Rest Of Asia Pacific Wood Plastic Composites Market, 2020-2028 (In $ Million)
Figure 35: Rest Of World Wood Plastic Composites Market, Regional Outlook, 2019 & 2028 (In %)
Figure 36: Latin America Wood Plastic Composites Market, 2020-2028 (In $ Million)
Figure 37: Middle East & Africa Wood Plastic Composites Market, 2020-2028 (In $ Million)
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