Market Overview:
The global wood plastic composite (WPC) products market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for WPC products from various end-use applications, such as marine, urban landscape, architectural design, and others. In terms of type, decking is expected to hold a major share of the global WPC products market during the forecast period. This can be attributed to its growing popularity among consumers due to its durability and low maintenance requirements.
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Product Definition:
Wood plastic composites (WPCs) are composite materials made of wood fiber/wood flour and thermoplastic(s). The most common thermoplastics used in WPC formulations are polypropylene (PP), polyethylene (PE), and polyvinyl chloride (PVC). Additives such as colorants, coupling agents, stabilizers, and reinforcing agents may also be included.
Decking:
Decking is a process of applying deck coating or deck stain to the wood surface. It is also known as as varnishing, which involves the application of several coats of stain in order to protect the wood from moisture and UV rays. The product can be applied by various methods including brush, sprayer, roller or with lumbar; however it's primarily done by sprayers due to ease and convenience associated with it.
Cladding (fa§ade):
WPC products are manufactured using wood flour, plastic resins and additives. The end product is used in various applications such as decking & siding, roofing, cladding & exterior walls of residential and commercial buildings. Cladding is a protective covering that protects the interior of a building from harsh weather conditions such as wind & rain along with providing an aesthetic appeal to the structure.
Application Insights:
The architectural design segment dominated the global wood plastic composite (WPC) products market, accounting for a revenue share of over 30.0% in 2017. The product is widely used in residential and non-residential architectural applications owing to its lightweight and cost-effectiveness compared to traditional materials such as steel and concrete. In addition, it helps achieve better acoustic insulation than other conventional building materials.
The marine application segment accounted for a significant revenue share of 19.4% in 2017 on account of rising demand from the shipping industry across the globe due to its lightweight characteristics that reduce vessel weight thereby increasing fuel efficiency along with reducing emissions significantly below waterline hulls which aids ships maneuverability at high speeds while saving considerable amounts on fuel costs annually as well as reducing CO2 emissions by around 20%.
Regional Analysis:
Europe dominated the global market in terms of revenue with a share of over 30% in 2017. The region is expected to witness significant growth over the forecast period owing to rising demand for green buildings and infrastructure coupled with stringent regulations regarding energy efficiency.
Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030, registering a CAGR of XX%. This can be attributed primarily to rapid urbanization and increasing disposable income levels in emerging economies such as China, India, Indonesia, Vietnam among others. Moreover, supportive government policies aimed at promoting investments through tax benefits are anticipated favorably impact industry expansion over the coming years.
Growth Factors:
- Increasing demand from construction and automotive industries:
- Rising awareness about environment-friendly products:
Scope Of The Report
Report Attributes
Report Details
Report Title
Wood Plastic Composite (WPC) Products Market Research Report
By Type
Decking, Cladding (façade), Railings, Others
By Application
Marine, Urban Landscape, Architectural Design, Others
By Companies
Universal Forest Products, UPM-Kymmene Corporation, Weyerhaeuser Company, Trex Company, Cladco Profiles, COOWIN, Guofeng Wood-Plastic Composite, GEM, MESEN, Huangshan Huasu New Material, MexyTech, Anhui Red Forest New Material, Armadillo Deck, Goodhill Enterprise, Green Deck
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Wood Plastic Composite (WPC) Products Market Report Segments:
The global Wood Plastic Composite (WPC) Products market is segmented on the basis of:
Types
Decking, Cladding (façade), Railings, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Marine, Urban Landscape, Architectural Design, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Universal Forest Products
- UPM-Kymmene Corporation
- Weyerhaeuser Company
- Trex Company
- Cladco Profiles
- COOWIN
- Guofeng Wood-Plastic Composite
- GEM
- MESEN
- Huangshan Huasu New Material
- MexyTech
- Anhui Red Forest New Material
- Armadillo Deck
- Goodhill Enterprise
- Green Deck
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Highlights of The Wood Plastic Composite (WPC) Products Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Decking
- Cladding (façade)
- Railings
- Others
- By Application:
- Marine
- Urban Landscape
- Architectural Design
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wood Plastic Composite (WPC) Products Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wood plastic composite (WPC) products are a type of composite material that is made from wood fibers and plastic. WPC products are often used in construction because they are strong and lightweight.
Some of the key players operating in the wood plastic composite (wpc) products market are Universal Forest Products, UPM-Kymmene Corporation, Weyerhaeuser Company, Trex Company, Cladco Profiles, COOWIN, Guofeng Wood-Plastic Composite, GEM, MESEN, Huangshan Huasu New Material, MexyTech, Anhui Red Forest New Material, Armadillo Deck, Goodhill Enterprise, Green Deck.
The wood plastic composite (wpc) products market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wood Plastic Composite (WPC) Products Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wood Plastic Composite (WPC) Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wood Plastic Composite (WPC) Products Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wood Plastic Composite (WPC) Products Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wood Plastic Composite (WPC) Products Market Size & Forecast, 2018-2028
4.5.1 Wood Plastic Composite (WPC) Products Market Size and Y-o-Y Growth
4.5.2 Wood Plastic Composite (WPC) Products Market Absolute $ Opportunity
Chapter 5 Global Wood Plastic Composite (WPC) Products Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Wood Plastic Composite (WPC) Products Market Size Forecast by Type
5.2.1 Decking
5.2.2 Cladding (façade)
5.2.3 Railings
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wood Plastic Composite (WPC) Products Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Wood Plastic Composite (WPC) Products Market Size Forecast by Applications
6.2.1 Marine
6.2.2 Urban Landscape
6.2.3 Architectural Design
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wood Plastic Composite (WPC) Products Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wood Plastic Composite (WPC) Products Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Wood Plastic Composite (WPC) Products Analysis and Forecast
9.1 Introduction
9.2 North America Wood Plastic Composite (WPC) Products Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Wood Plastic Composite (WPC) Products Market Size Forecast by Type
9.6.1 Decking
9.6.2 Cladding (façade)
9.6.3 Railings
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Wood Plastic Composite (WPC) Products Market Size Forecast by Applications
9.10.1 Marine
9.10.2 Urban Landscape
9.10.3 Architectural Design
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Wood Plastic Composite (WPC) Products Analysis and Forecast
10.1 Introduction
10.2 Europe Wood Plastic Composite (WPC) Products Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Wood Plastic Composite (WPC) Products Market Size Forecast by Type
10.6.1 Decking
10.6.2 Cladding (façade)
10.6.3 Railings
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Wood Plastic Composite (WPC) Products Market Size Forecast by Applications
10.10.1 Marine
10.10.2 Urban Landscape
10.10.3 Architectural Design
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Wood Plastic Composite (WPC) Products Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wood Plastic Composite (WPC) Products Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Wood Plastic Composite (WPC) Products Market Size Forecast by Type
11.6.1 Decking
11.6.2 Cladding (façade)
11.6.3 Railings
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Wood Plastic Composite (WPC) Products Market Size Forecast by Applications
11.10.1 Marine
11.10.2 Urban Landscape
11.10.3 Architectural Design
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Wood Plastic Composite (WPC) Products Analysis and Forecast
12.1 Introduction
12.2 Latin America Wood Plastic Composite (WPC) Products Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Wood Plastic Composite (WPC) Products Market Size Forecast by Type
12.6.1 Decking
12.6.2 Cladding (façade)
12.6.3 Railings
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Wood Plastic Composite (WPC) Products Market Size Forecast by Applications
12.10.1 Marine
12.10.2 Urban Landscape
12.10.3 Architectural Design
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Wood Plastic Composite (WPC) Products Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wood Plastic Composite (WPC) Products Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Wood Plastic Composite (WPC) Products Market Size Forecast by Type
13.6.1 Decking
13.6.2 Cladding (façade)
13.6.3 Railings
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Wood Plastic Composite (WPC) Products Market Size Forecast by Applications
13.10.1 Marine
13.10.2 Urban Landscape
13.10.3 Architectural Design
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wood Plastic Composite (WPC) Products Market: Competitive Dashboard
14.2 Global Wood Plastic Composite (WPC) Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Universal Forest Products
14.3.2 UPM-Kymmene Corporation
14.3.3 Weyerhaeuser Company
14.3.4 Trex Company
14.3.5 Cladco Profiles
14.3.6 COOWIN
14.3.7 Guofeng Wood-Plastic Composite
14.3.8 GEM
14.3.9 MESEN
14.3.10 Huangshan Huasu New Material
14.3.11 MexyTech
14.3.12 Anhui Red Forest New Material
14.3.13 Armadillo Deck
14.3.14 Goodhill Enterprise
14.3.15 Green Deck
