Market Overview:
The global wood-plastic composites (WPCs) market is expected to grow at a CAGR of 6.8% from 2018 to 2030. The growth in the WPC market can be attributed to the increasing demand for WPCs from the construction and automotive industries. In terms of type, the base resin PE segment is expected to lead the WPC market during the forecast period. This can be attributed to its properties such as low cost, recyclability, and biodegradability.
Product Definition:
Wood-plastic composites (WPCs) are composite materials made of wood fiber/wood flour and thermoplastic(s) In this type of decking, the plastic may be virgin or recycled.
Base Resin PE:
Base resin PE is a thermosetting polymer, which contains an amorphous and semi-crystalline core embedded with a network of cross-linked polyethylene fibers. It is produced by the reaction of ethylene and propylene in the presence of catalysts or heat. The product has high tensile strength, flexural modulus, low water absorption and good abrasion resistance.
Base Resin PVC:
Base resin PVC is a thermoplastic elastomer, which contains polyvinyl chloride as a main component. It has high flexibility and softness, low heat distortion temperature and good surface gloss. These properties make it suitable for use in wood plastic composites (WPCs). WPCs are used in various end-use industries such as construction, furniture & flooring, automotive interiors & exteriors and packaging.
Application Insights:
Based on application, the global market is segmented into outdoor deck floors, railings, fences, landscaping timbers, cladding & siding park benches molding & trim window and flooring indoor furniture others. The outdoor deck floors segment dominated the overall market in terms of revenue share in 2017. Wood plastic composites are increasingly being utilized for manufacturing decks as they offer superior strength and durability at a lower cost when compared to conventional wood products.
The product is also eco-friendly as it reduces the consumption of raw materials by 50%. Furthermore, increasing awareness among consumers regarding sustainable building materials has resulted in a surge in demand for WPCs-based outdoor decks which will further fuel growth over the forecast period.
The railings and fencing segment followed closely behind with a significant revenue share of 24%in 2017 due to high product demand from Europe where both wooden privacy fences.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness moderate growth over the forecast period owing to stringent government regulations regarding wood usage coupled with rising consumer awareness regarding environment protection. Europe accounted for a significant share of global revenue in 2017, on account of rapid urbanization and increasing construction activities due to growing population.
Asia Pacific is projected to be one of the fastest-growing regional markets from 2018 to 2030 owing to high product demand from residential applications in emerging economies such as China and India. In addition, rising disposable income levels among consumers are anticipated boost product demand further driving industry growth across this region at a CAGR exceeding 6% during the forecast period.
Growth Factors:
- Increasing demand from construction and automotive industries: The global construction industry is expected to grow at a CAGR of 5.8% from 2016 to 2020, while the global automotive industry is projected to grow at a CAGR of 6.5% during the same period. This will result in an increase in demand for WPCs from these industries, as they offer several advantages over traditional materials such as metal and plastic.
- Rising awareness about the benefits of WPCs: The benefits offered by WPCs such as durability, low maintenance requirements, and environmental friendliness are increasingly being recognized by consumers worldwide. This is resulting in an increase in demand for WPC products across various applications segments.
- Technological advancements: The development of new technologies that can improve the properties of WPCs is aiding their growth prospects globally. For instance, recent advancements have led to the introduction of wood-plastic composites that are resistant to fire and insects, which has opened up new opportunities for this market segment .
Scope Of The Report
Report Attributes
Report Details
Report Title
Wood-Plastic Composites (WPCs) Market Research Report
By Type
Base Resin PE, Base Resin PVC, Base Resin PP, Base Resin PS, Others
By Application
Outdoor Deck Floors, Railings, Fences, Landscaping Timbers, Cladding & Siding, Park Benches, Molding & Trim, Window and Foor Frames, Indoor Furniture, Others
By Companies
Imerys, IOM3, U.S. Borax (Rio Tinto), BYK Netherlands B.V., Seven Trust Industry Co., Ltd, Dovetail, Guaranteed Industry Co., Ltd, Etna Trasporti Industry Co., Ltd,, Amigos Industry Co., Ltd,, Imerys
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Wood-Plastic Composites (WPCs) Market Report Segments:
The global Wood-Plastic Composites (WPCs) market is segmented on the basis of:
Types
Base Resin PE, Base Resin PVC, Base Resin PP, Base Resin PS, 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
Outdoor Deck Floors, Railings, Fences, Landscaping Timbers, Cladding & Siding, Park Benches, Molding & Trim, Window and Foor Frames, Indoor Furniture, 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:
- Imerys
- IOM3
- U.S. Borax (Rio Tinto)
- BYK Netherlands B.V.
- Seven Trust Industry Co., Ltd
- Dovetail
- Guaranteed Industry Co., Ltd
- Etna Trasporti Industry Co., Ltd,
- Amigos Industry Co., Ltd,
- Imerys
Highlights of The Wood-Plastic Composites (WPCs) 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:
- Base Resin PE
- Base Resin PVC
- Base Resin PP
- Base Resin PS
- Others
- By Application:
- Outdoor Deck Floors
- Railings
- Fences
- Landscaping Timbers
- Cladding & Siding
- Park Benches
- Molding & Trim
- Window and Foor Frames
- Indoor Furniture
- 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 Composites (WPCs) 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.
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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 composites (WPCs) are a type of composite material made from wood and plastic. They are often used to make products that need to be strong, but lightweight, such as furniture and boats. WPCs can also be used in other applications, such as packaging and construction materials.
Some of the major companies in the wood-plastic composites (wpcs) market are Imerys, IOM3, U.S. Borax (Rio Tinto), BYK Netherlands B.V., Seven Trust Industry Co., Ltd, Dovetail, Guaranteed Industry Co., Ltd, Etna Trasporti Industry Co., Ltd,, Amigos Industry Co., Ltd,, Imerys.
The wood-plastic composites (wpcs) market is expected to grow at a compound annual growth rate of 6.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wood-Plastic Composites (WPCs) 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 Composites (WPCs) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Wood-Plastic Composites (WPCs) 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 Composites (WPCs) 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 Composites (WPCs) Market Size & Forecast, 2018-2028 4.5.1 Wood-Plastic Composites (WPCs) Market Size and Y-o-Y Growth 4.5.2 Wood-Plastic Composites (WPCs) Market Absolute $ Opportunity
Chapter 5 Global Wood-Plastic Composites (WPCs) 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 Composites (WPCs) Market Size Forecast by Type
5.2.1 Base Resin PE
5.2.2 Base Resin PVC
5.2.3 Base Resin PP
5.2.4 Base Resin PS
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wood-Plastic Composites (WPCs) 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 Composites (WPCs) Market Size Forecast by Applications
6.2.1 Outdoor Deck Floors
6.2.2 Railings
6.2.3 Fences
6.2.4 Landscaping Timbers
6.2.5 Cladding & Siding
6.2.6 Park Benches
6.2.7 Molding & Trim
6.2.8 Window and Foor Frames
6.2.9 Indoor Furniture
6.2.10 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wood-Plastic Composites (WPCs) 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 Composites (WPCs) 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 Composites (WPCs) Analysis and Forecast
9.1 Introduction
9.2 North America Wood-Plastic Composites (WPCs) 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 Composites (WPCs) Market Size Forecast by Type
9.6.1 Base Resin PE
9.6.2 Base Resin PVC
9.6.3 Base Resin PP
9.6.4 Base Resin PS
9.6.5 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 Composites (WPCs) Market Size Forecast by Applications
9.10.1 Outdoor Deck Floors
9.10.2 Railings
9.10.3 Fences
9.10.4 Landscaping Timbers
9.10.5 Cladding & Siding
9.10.6 Park Benches
9.10.7 Molding & Trim
9.10.8 Window and Foor Frames
9.10.9 Indoor Furniture
9.10.10 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 Composites (WPCs) Analysis and Forecast
10.1 Introduction
10.2 Europe Wood-Plastic Composites (WPCs) 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 Composites (WPCs) Market Size Forecast by Type
10.6.1 Base Resin PE
10.6.2 Base Resin PVC
10.6.3 Base Resin PP
10.6.4 Base Resin PS
10.6.5 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 Composites (WPCs) Market Size Forecast by Applications
10.10.1 Outdoor Deck Floors
10.10.2 Railings
10.10.3 Fences
10.10.4 Landscaping Timbers
10.10.5 Cladding & Siding
10.10.6 Park Benches
10.10.7 Molding & Trim
10.10.8 Window and Foor Frames
10.10.9 Indoor Furniture
10.10.10 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 Composites (WPCs) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wood-Plastic Composites (WPCs) 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 Composites (WPCs) Market Size Forecast by Type
11.6.1 Base Resin PE
11.6.2 Base Resin PVC
11.6.3 Base Resin PP
11.6.4 Base Resin PS
11.6.5 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 Composites (WPCs) Market Size Forecast by Applications
11.10.1 Outdoor Deck Floors
11.10.2 Railings
11.10.3 Fences
11.10.4 Landscaping Timbers
11.10.5 Cladding & Siding
11.10.6 Park Benches
11.10.7 Molding & Trim
11.10.8 Window and Foor Frames
11.10.9 Indoor Furniture
11.10.10 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 Composites (WPCs) Analysis and Forecast
12.1 Introduction
12.2 Latin America Wood-Plastic Composites (WPCs) 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 Composites (WPCs) Market Size Forecast by Type
12.6.1 Base Resin PE
12.6.2 Base Resin PVC
12.6.3 Base Resin PP
12.6.4 Base Resin PS
12.6.5 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 Composites (WPCs) Market Size Forecast by Applications
12.10.1 Outdoor Deck Floors
12.10.2 Railings
12.10.3 Fences
12.10.4 Landscaping Timbers
12.10.5 Cladding & Siding
12.10.6 Park Benches
12.10.7 Molding & Trim
12.10.8 Window and Foor Frames
12.10.9 Indoor Furniture
12.10.10 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 Composites (WPCs) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wood-Plastic Composites (WPCs) 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 Composites (WPCs) Market Size Forecast by Type
13.6.1 Base Resin PE
13.6.2 Base Resin PVC
13.6.3 Base Resin PP
13.6.4 Base Resin PS
13.6.5 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 Composites (WPCs) Market Size Forecast by Applications
13.10.1 Outdoor Deck Floors
13.10.2 Railings
13.10.3 Fences
13.10.4 Landscaping Timbers
13.10.5 Cladding & Siding
13.10.6 Park Benches
13.10.7 Molding & Trim
13.10.8 Window and Foor Frames
13.10.9 Indoor Furniture
13.10.10 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 Composites (WPCs) Market: Competitive Dashboard
14.2 Global Wood-Plastic Composites (WPCs) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Imerys
14.3.2 IOM3
14.3.3 U.S. Borax (Rio Tinto)
14.3.4 BYK Netherlands B.V.
14.3.5 Seven Trust Industry Co., Ltd
14.3.6 Dovetail
14.3.7 Guaranteed Industry Co., Ltd
14.3.8 Etna Trasporti Industry Co., Ltd,
14.3.9 Amigos Industry Co., Ltd,
14.3.10 Imerys