Market Overview:
The global wood plastic composites market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for wood plastic composites from various end-use industries, such as building and construction, automotive, electrical, and others. In terms of type, the polyethylene segment is expected to lead the global wood plastic composites market during the forecast period. This can be attributed to its properties such as high strength-to-weight ratio and resistance against corrosion and abrasion.
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) and high-density polyethylene (HDPE). Additives such as colorants, coupling agents, UV stabilizers, blowing agents, anti-oxidants, and lubricants help tailor the end product to the target market.
Polyethylene:
Polyethylene is a widely used polymer in the wood plastic composites market. It is a tough, durable, and soft material at the same time. It can be easily processed and molded into any shape required by industry standards.
Polypropylene:
Polypropylene (PP) is a thermoplastic polymer that is produced from propylene oxide and carbon monoxide through catalytic dehydrogenation. It has high chemical resistance, excellent mechanical properties, and good thermal stability. Polypropylene can be recycled and reused efficiently as it has a very low recycling rate of 5-10%.
Application Insights:
Building and construction was the largest application segment in 2017, accounting for over 50.0% share of the global volume. The rising demand for wood plastic composites in this application is attributed to their ability to act as a substitute for traditional materials such as steel and concrete, which have been major building materials throughout history.
The product¢â‚¬â„¢s lightweight properties make it ideal for use in residential buildings and high-rise structures, thereby reducing carbon emissions during transportation. Furthermore, its aesthetic appeal helps create a positive image of the brand name associated with the product which often attracts consumers to opt for these products over other synthetic alternatives offering similar functionalities at lower costs.
Automotive is expected to be one of the fastest growing segments owing to increasing consumer awareness regarding fuel efficiency coupled with government regulations that mandate reduced vehicle weightage throughout various regions across North America.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is projected to expand at a CAGR of XX% from 2018 to 2030 owing to rapid industrialization, urbanization, and economic growth in China, India, Indonesia, Vietnam among other Southeast Asian countries. In addition, rising disposable income coupled with government initiatives such as “Make in India†are expected to boost automobile production which would drive demand for wood plastic composite products over the forecast period.
Europe accounted for 24% of total revenue share in 2017 on account of high product adoption across major end-use industries including automotive and electrical appliances manufacturing sectors due to stringent regulations regarding fuel economy performance & emissions reduction along with consumer preferences shifting towards electric vehicles for reducing pollution caused by vehicular exhaust gases in order that would propel demand for WPCs over the coming years.
Growth Factors:
- Increasing demand from construction and automotive industries: The global wood plastic composites market is expected to grow at a CAGR of over 9% during the forecast period. This can be attributed to the increasing demand for WPCs from the construction and automotive industries.
- Growing awareness about environment-friendly products: There is a growing awareness among consumers about environment-friendly products, which is driving the demand for WPCs.
- Rising popularity of outdoor decking: Decking made from WPCs has gained immense popularity in recent years owing to its durability and low maintenance requirements. This is expected to boost the growth of the global wood plastic composites market in future.
- Technological advancements: The development of new technologies that help improve the performance of WPCs is likely to propel their growth in future years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wood Plastic Composites Market Research Report
By Type
Polyethylene, Polypropylene, Polyvinyl Chloride, Others
By Application
Building&Construction, Automotive, Electrical, Others
By Companies
Alstone, Beologic, Certainteed, Fiberon, Fkur Plastics, Green Bay Decking, Guangzhou Kingwood, Imerys, Jelu-Werk, Polyplank, Renolit, Tamko Building Products, Trex, Universal Forest Products, Woodmass
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Wood Plastic Composites Market Report Segments:
The global Wood Plastic Composites market is segmented on the basis of:
Types
Polyethylene, Polypropylene, Polyvinyl Chloride, 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
Building&Construction, Automotive, Electrical, 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:
- Alstone
- Beologic
- Certainteed
- Fiberon
- Fkur Plastics
- Green Bay Decking
- Guangzhou Kingwood
- Imerys
- Jelu-Werk
- Polyplank
- Renolit
- Tamko Building Products
- Trex
- Universal Forest Products
- Woodmass
Highlights of The Wood Plastic Composites 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:
- Polyethylene
- Polypropylene
- Polyvinyl Chloride
- Others
- By Application:
- Building&Construction
- Automotive
- Electrical
- 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 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
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 (WPC) are a type of composite material made from wood and plastic. The two materials are combined to create a material that is strong, lightweight, and has the ability to resist moisture and weathering. WPCs can be used in a variety of applications, including furniture, building materials, and automotive parts.
Some of the major companies in the wood plastic composites market are Alstone, Beologic, Certainteed, Fiberon, Fkur Plastics, Green Bay Decking, Guangzhou Kingwood, Imerys, Jelu-Werk, Polyplank, Renolit, Tamko Building Products, Trex, Universal Forest Products, Woodmass.
The wood plastic composites market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wood Plastic Composites Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wood Plastic Composites Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wood Plastic Composites Market - Supply Chain
4.5. Global Wood Plastic Composites Market Forecast
4.5.1. Wood Plastic Composites Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wood Plastic Composites Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wood Plastic Composites Market Absolute $ Opportunity
5. Global Wood Plastic Composites Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wood Plastic Composites Market Size and Volume Forecast by Type
5.3.1. Polyethylene
5.3.2. Polypropylene
5.3.3. Polyvinyl Chloride
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wood Plastic Composites Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wood Plastic Composites Market Size and Volume Forecast by Application
6.3.1. Building&Construction
6.3.2. Automotive
6.3.3. Electrical
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wood Plastic Composites Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wood Plastic Composites Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wood Plastic Composites Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wood Plastic Composites Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wood Plastic Composites Demand Share Forecast, 2019-2029
9. North America Wood Plastic Composites Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wood Plastic Composites Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wood Plastic Composites Market Size and Volume Forecast by Application
9.4.1. Building&Construction
9.4.2. Automotive
9.4.3. Electrical
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wood Plastic Composites Market Size and Volume Forecast by Type
9.7.1. Polyethylene
9.7.2. Polypropylene
9.7.3. Polyvinyl Chloride
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wood Plastic Composites Demand Share Forecast, 2019-2029
10. Latin America Wood Plastic Composites Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wood Plastic Composites Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wood Plastic Composites Market Size and Volume Forecast by Application
10.4.1. Building&Construction
10.4.2. Automotive
10.4.3. Electrical
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wood Plastic Composites Market Size and Volume Forecast by Type
10.7.1. Polyethylene
10.7.2. Polypropylene
10.7.3. Polyvinyl Chloride
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wood Plastic Composites Demand Share Forecast, 2019-2029
11. Europe Wood Plastic Composites Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wood Plastic Composites Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wood Plastic Composites Market Size and Volume Forecast by Application
11.4.1. Building&Construction
11.4.2. Automotive
11.4.3. Electrical
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wood Plastic Composites Market Size and Volume Forecast by Type
11.7.1. Polyethylene
11.7.2. Polypropylene
11.7.3. Polyvinyl Chloride
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wood Plastic Composites Demand Share, 2019-2029
12. Asia Pacific Wood Plastic Composites Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wood Plastic Composites Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wood Plastic Composites Market Size and Volume Forecast by Application
12.4.1. Building&Construction
12.4.2. Automotive
12.4.3. Electrical
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wood Plastic Composites Market Size and Volume Forecast by Type
12.7.1. Polyethylene
12.7.2. Polypropylene
12.7.3. Polyvinyl Chloride
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wood Plastic Composites Demand Share, 2019-2029
13. Middle East & Africa Wood Plastic Composites Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wood Plastic Composites Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wood Plastic Composites Market Size and Volume Forecast by Application
13.4.1. Building&Construction
13.4.2. Automotive
13.4.3. Electrical
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wood Plastic Composites Market Size and Volume Forecast by Type
13.7.1. Polyethylene
13.7.2. Polypropylene
13.7.3. Polyvinyl Chloride
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wood Plastic Composites Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Wood Plastic Composites Market: Market Share Analysis
14.2. Wood Plastic Composites Distributors and Customers
14.3. Wood Plastic Composites Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Alstone
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Beologic
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Certainteed
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fiberon
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fkur Plastics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Green Bay Decking
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Guangzhou Kingwood
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Imerys
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Jelu-Werk
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Polyplank
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Renolit
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tamko Building Products
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Trex
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Universal Forest Products
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Woodmass
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
