Global Wood Plastic Composites (WPC) Market - Segmented by Plastic Material, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)

Global Wood Plastic Composites (WPC) Market - Segmented by Plastic Material, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)

The wood plastic composite (WPC) market is expected to register a moderately high growth rate during the forecast period, 2018-2023. In 2017, North America dominated the global wood plastic composite (WPC) market.

Growing Use of Recyclable Materials in Automotive Production to Drive the Market

Wood-plastic composite is a sustainable green material which provides durability without the use of toxic chemicals. They contain plant fiber, which provides them with relative high strength and stiffness, low density, low CO2 emission, and biodegradability. Automotive manufacturers are focusing on switching to recyclable or biodegradable parts and go for lightweight materials. This has increased the demand for wood plastic composites in the automotive industry. WPCs are primarily used in automobiles for storage (trims in trunks, shelves for spare tires, etc.), interior door trims, etc. Furthermore, they are often used to replace metal or fiberglass components in automotive components. With automotive production growing through the years, primarily in Asia-Pacific and Europe an region, the consumption of WPCs too will rise in the automotive industry through the forecast period. According to Mordor Intelligence analysis, automotive parts application is estimated to be the fastest growing segment through the forecast period, while building & construction is expected to dominate the global market owing to the vast application of wood plastic composite in decking.

Polyethylene (PE) - The Majorly Used Plastic Material in the Industry

Polyethylene accounted for more than 60% of the market in 2017. PE, majorly high density polyethylene (HDPE), owing to its large strength to density ratio, strong intermolecular forces and tensile strength is preferred over any other type of thermoplastic to be used to manufacture WPCs. The market is also expected to register a significantly high CAGR through the forecast period

North America - the Dominating Regional Wood Plastic Composites (WPC) Market

North America accounted for the largest market share for wood plastic composites driven primarily owing to the growing infrastructure projects in the region. Growing population, changes in household size, and pent-up demand is driving the demand in the residential housing sector rapidly. Further, the reconstruction and remodeling of old houses too is helping to drive the construction market in the region, which, in turn, is expected to drive the market for wood plastic composite through 2023.

Notable Developments in Wood Plastic Composites (WPC) Market​​​​​​​

April 2018: Cali Bamboo, added a premier composite decking line, TruOrganics, to its outdoor product repertoire with all-new rail and post systems and fresh decking colors
December 2017: CertainTeed Corp. launched a national rollout for a polyurethane composite siding

Major Players in Wood Plastic Composites (WPC) Market

Advanced Environmental Recycling Technologies, Inc. (AERT)
Axion International, Inc.
AZEK Building Products (Timbertech)
Beologic N.V.
Fiberon, LLC
Fkur Kunststoff GmbH
Polymera, Inc.
Timbertech Ltd.
Universal Forest Products, Inc.

Reason to Purchase Wood Plastic Composites (WPC) Market​​​​​​​ Report

Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand which type and application will dominate the market
To identify which countries are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)

Customization of Wood Plastic Composites (WPC) Market​​​​​​​ Report

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1. Introduction
1.1 Scope of the Wood Plastic Composites Market Report
1.2 Wood Plastic Composites Market Definition
1.3 Study Assumptions of Wood Plastic Composites Market
1.4 Study Deliverables of Wood Plastic Composites Market
1.5 Research Phases
2. Executive Summary of Wood Plastic Composites Market
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1 Wood Plastic Composites Market Drivers
4.1.1 Continuous Demand from the Building & Construction Sector
4.1.2 Growing Use of Recyclable Materials in Automotive Production
4.2 Wood Plastic Composites Market Restraints
4.2.1 Technical Issues such as temperature sensitivity, wearability issues etc.
4.2.2 Other Restraints
4.3 Wood Plastic Composites Market Opportunities
4.3.1 Rising use of Recycled Plastics
4.3.2 Other Opportunities
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 Wood Plastic Composites Market By Plastic Material
5.1.1 Polyethylene (PE)
5.1.2 Polypropylene (PP)
5.1.3 Polystyrene (PS)
5.1.4 Polyvinyl chloride (PVC)
5.1.5 Others (ABS, PLA, etc.)
5.2 Wood Plastic Composites Market By Application
5.2.1 Building & Construction Products Decking Molding & Trimming Fencing Landscaping & Outdoor
5.2.2 Automotive Parts
5.2.3 Consumer Products (corner protectors, components for games, household electronics, etc.)
5.2.4 Housing Goods (furniture, furniture Parts, etc.)
5.2.5 Others
6. Wood Plastic Composites Market Regional Analysis (Market Size, Growth, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 France
6.3.4 Italy
6.3.5 Spain
6.3.6 Russia
6.3.7 NORDIC Countries
6.3.8 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East and Africa (MEA)
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa (MEA)
7. Competitive Landscape of Wood Plastic Composites Market
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles of Wood Plastic Composites Market (Overview, Financials**, Products & Services, and Recent Developments)
8.1 Advanced Environmental Recycling Technologies, Inc. (AERT)
8.2 Axion International, Inc.
8.3 AZEK Building Products (Timbertech)
8.4 Beologic N.V.
8.5 Certainteed Corporation
8.6 Fiberon, LLC
8.7 Fkur Kunststoff GmbH
8.8 Polymera, Inc.
8.9 Polyplank AB
8.10 Timbertech Ltd.
8.11 Trex Company, Inc.
8.12 Universal Forest Products, Inc.
*List Not Exhaustive
9. Disclaimer
**Subject to Feasibility & Availability on Public Domain

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