Global Wood Plastic Composite (WPC) Market is anticipated to reach USD 8.15 billion by 2025. Wood-plastic composite is an ecological green material that offers cosmic resilience by diminishing the use of toxic chemicals. It consists of plant fiber, which provides them with high strength and stiffness, low density, low CO2 emission, and biodegradability.
The wood plastic composites industry is driven by a great upsurge in requirement from building & construction applications, accessibility of non-utilized plastic &wood wastes and stern protocols on the use of chemicals in building materials. However, apart from propelling factors, there is a huge cost of raw materials and some issues have evolved related to mechanical strength and weight hamper for several structural applications. This is a major factor responsible for declining the growth of the market massively, however the scenario will be have constrains during the forecast period.
Considering the market’s future expansion, there will be an escalation in execution of the biodegradable raw materials, which is likely to create prospects in the wood plastic composite market. Looking at the progress, the existing, as well as the new investors, have started investing vastly for the manufacturers to come up with some more stimulating innovations for the demand to increase. This is one of the major reason that will immensely surge the progress of the wood plastic composite industry during the estimated time span.
The wood plastic composites (WPC) market is segmented on the basis of type (polyethylene, polypropylene, polyvinylchloride, others); by application (building & construction (decking, molding & siding, fencing), automotive components, industrial & consumer goods, others) and by region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).
Geographically, North America holds the largest market for wood-plastic composites and can be attributed to the saturation of high productivity in the building and construction industry. Increase in the consumer requirement for bio-compatible products in applications such as consumer goods and automotive interior parts will propel the growth of this region during the forecast period. As far as the wood plastic composite (WPC) industry is concerned, Europe has reached a growing stage wherein this region is anticipated to register a lethargic revenue over the estimated time span. In the near future, wood plastic composites market will continue to come up with some extraordinary product innovations to attract new consumers and investors, for them to continue the domination.
Some of the most significant key players profiled in the wood plastic composites (WPC) industry report are Trex Company, Inc. Timbertech Ltd., Advanced Environmental Recycling Technologies, Inc., Tamko Building Products, Inc., Axion International, Inc., Fkur Kunststoff GmbH, Certainteed Corporation, Fiberon, LLC., Beologic N.V., and Polymera, Inc.
Some of the two-tier players include Findock International Inc., Guangzhou Kindwood Co. Ltd., Polyplank AB, OnSpec Composites Inc., Plygem Holdings Inc., Crane Plastics, Josef Ehrler GmbH & Co. Kg, CPG International LLC., North Wood Plastics Inc., and Universal Forest Products, Inc. All the leading companies are including mergers and acquisitions, partnerships and joint ventures to enhance the growth of the market efficiently.
Wood Plastic Composite Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
Wood Plastic Composite Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Building & Construction
• Molding & Siding
• Automotive Components
• Industrial & Consumer Goods
Wood Plastic Composite Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• North America
• Asia Pacific
• South Korea
• New Zealand
• Central & South America
• Middle East & Africa
• Saudi Arabia
• South Africa
• United Arab Emirates (UAE)
Research Support Specialist, USA