Wood-Plastic Composites Market 2015-2019
About wood-plastic composites
Wood-plastic composites are materials made of wood, flour, or fiber and plastic resins. These composites contain a certain number of additives that foster the integration of wood and plastic, and aid in the manufacturing process. Most wood-plastic composites are manufactured using wood and plastic wastes or recyclates, while others are manufactured using virgin wood and plastics. Largely, extrusion is employed in their manufacturing process, followed by injection molding.
Technavio's analysts forecast the global wood-plastic composites to grow at a CAGR of 14.43% by volume over the period 2014-2019.
Covered in this report
Technavio’s report, Global Wood-plastic Composites Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a comprehensive discussion on the market, an extensive coverage on various types of production techniques, applications, and demand-supply dynamics in various geographies. The report provides comments on both the existing market landscape and its growth prospects over the forecast period. The report further includes a discussion on the key vendors operating in this market.
The report further segments the market based on the following:
Technavio Announces the Publication of its Research Report – Global Wood-Plastic Composites Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Wood-Plastic Composites Market: Advanced Environmental Recycling Technologies (AERT), CPG International, Fiberon and Trex
Other Prominent Vendors in the market are: American Wood Fibers, AMSCO Windows, Artowood Thailand, B&F Plastics. Beologic, CertainTeed, Crane Plastics, Deceuninck, Findock, FKuR Kunststoff, Guangzhou Kindwood, Josef Ehrler, Louisiana-Pacific, North Wood Plastics, OnSpec Composites, Perth Wood Plastic Composite, Plygem Holdings, Polymera, Polyplank, Solvay, Strandex, Tamko Building Products, Technaro, UPM-Kymmene, and WPC.
Commenting on the report, an analyst from Technavio’s team said: “The increase in distribution agreements between vendors in the market and companies operating in diverse geographical regions fuels market growth. Major vendors in the market such as Trex, Fiberon, and CPG International are following aggressive distribution agreements to capture a larger share of the market. The exhibit below provides a list of agreements between vendors and distributors.”
According to the report, wood-plastic composites are increasingly used in the housing industry for interior applications and outdoor constructions such as decking. The use of these products in decking accounts for the major share of the market and the demand for these products is expected to increase substantially during the forecast period. While Europe and North America represent more mature markets for decking, APAC holds significant growth opportunities because of the growth of the housing industry in the region.
Further, the report states that the low preference for recyclates in wood-plastic composite products is a major challenge hindering the growth of the market.
Advanced Environmental Recycling Technologies (AERT), CPG International, Fiberon, Trex, American Wood Fibers, AMSCO Windows, Artowood Thailand, B&F Plastics. Beologic, CertainTeed, Crane Plastics, Deceuninck, Findock, FKuR Kunststoff, Guangzhou Kindwood, Josef Ehrler, Louisiana-Pacific, North Wood Plastics, OnSpec Composites, Perth Wood Plastic Composite, Plygem Holdings, Polymera, Polyplank, Solvay, Strandex, Tamko Building Products, Technaro, UPM-Kymmene, WPC.