Wood Plastic Composite (WPC) Market size is projected to reach US$ 12.09 Bn. by end of 2030, at a CAGR of 9.35%. Wood-plastic composites are manufactured by combining natural wood products like bamboo, pulp, bark etc. with thermoplastics or polymers.The wood-plastic composites market size is growing rapidly, thanks to applications like decking and railing. The main key drivers for wood plastic composites acceptance is the enhanced performance and appearance attributes over existing products like treated wood decking. Additionally, the wood plastic composites material industry is expected to witness significant growth during the forecast period because of the fluctuations in the petrochemical prices and increased environmental concerns.To know about the Research Methodology :- Request Free Sample Report The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. Despite the several superior features of wood-plastic-composite, there are also some of the characteristics, which can hinder the usage of WPC in the automotive interiors where the surface texture requirements are high. Additionally, the rise in demand for consistently metering and compelling the low bulk density wood fiber into the processing equipment, escaping thermal degradation of the wood fiber during processing, and eliminating moisture with resin dryers are some of the factors, which are expected to limit the growth in the global wood plastic composites market.
Wood Plastic Composites Market Segment Analysis:
The polypropylene segment is expected to grow at a xx% rate of CAGR during the forecast period. The demand for polypropylene is expected to increase during the forecast period because of its increased usage in niche applications like water-resistant coatings on furniture and high temperature controllable wooden units. It also offers excellent protection against moisture, vapors along with chemical resistance, which is expected to increase the demand for polypropylene. Stringent regulations on the usage of chemicals in building materials for residential decking and the demand for ‘green’ building materials have to contribute an extensive acceptance of wood plastic composites material by builders and homeowners. The building and construction segment is expected to share US$ xx Mn share in the global wood plastic composites market. An increase in the infrastructural development activities in the emerging countries and demand for aesthetically appealing flooring and furniture solutions across the globe are expected to increase the demand for the global wood plastic composites market. Additionally, the rise in the demand for recyclable and biodegradable materials for manufacturing components with its features like superior mechanical strength, weight reduction, and enhanced fuel efficiency characteristics are expected to boost the market growth in the global wood plastic composites market. Region-wise, the Asia Pacific region is projected to be a leading region in the global wood plastic composites market. The dominant position in the market can be attributed to the rapid development of the construction and automotive industry and manufacturing industries across the globe. An increase in the demand from the emerging countries like South Korea, India, and China and the availability of the raw material for the production of the wood plastic composites are expected to propel the growth in the global market.Wood Plastic Composites Market Competitive Landscape:
Wood processing and plastic key players are focusing on the production of the wood plastic composite product due to the similar manufacturing technology and low-cost feature. An increase in the production of the musical instruments, which includes flutes, clarinets, and guitars and application scope of wood plastic composites for the various consumer goods products like toys, pencils, cups, lipsticks, and high-class packaging is expected to boost a positive impact on the wood plastic composites market growth.Wood Plastic Composites Market Objective:
The objective of the report is to present a comprehensive analysis of Global Wood Plastic Composites Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Wood Plastic Composites Market dynamics, structure by analysing the market segments and project the Global Wood Plastic Composites Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Wood Plastic Composites Market make the report investor’s guide.Wood Plastic Composites Market Scope: Inquire before buying
Wood Plastic Composites Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 6.46 Bn. Forecast Period 2024 to 2030 CAGR: 9.35 % Market Size in 2030: US $ 12.09 Bn. Segments Covered: by Type Polyethylene Polyvinylchloride Polypropylene Other by Application Building and Construction Products Automotive Components Industrial & Consumer Goods Others Wood Plastic Composites Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Key Players are:
1. Tamko Building Products, Inc. 2. Axion International, Inc. 3. Beologic N.V. 4. Certainteed 5. Trex Company, Inc. 6. The AZEK Company 7. Advanced Environmental Recycling Technologies, Inc. 8. Universal Forest Products, Inc. 9. Fiberon, LLC 10. Timbertech 11. Fkur Kunststoff GmbH 12. Josef Ehrler GmbH & Co. Kg 13. Polymera, Inc. 14. Polyplank AB 15. Crane Plastics 16. CPG International LLC. 17. Findock International Inc. 18. Guangzhou Kindwood Co. Ltd. 19. North Wood Plastics Inc. 20. OnSpec Composites Inc. 21. Plygem Holdings Inc. Frequently Asked Questions: 1. Which region has the largest share in Global Market? Ans: Asia Pacific region holds the highest share in 2023. 2. What is the growth rate of Global Market? Ans: The Global Market is growing at a CAGR of 9.35% during forecasting period 2024-2030 3. What is scope of the Global market report? Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global market? Ans: The important key players in the Global Market are – Tamko Building Products, Inc., Axion International, Inc., Beologic N.V., Certainteed, Trex Company, Inc., The AZEK Company, Advanced Environmental Recycling Technologies, Inc., Universal Forest Products, Inc., Fiberon, LLC, Timbertech, Fkur Kunststoff GmbH, Josef Ehrler GmbH & Co. Kg, Polymera, Inc., Polyplank AB, Crane Plastics, CPG International LLC., Findock International Inc., Guangzhou Kindwood Co. Ltd., North Wood Plastics Inc., OnSpec Composites Inc., and Plygem Holdings Inc. 5. What is the study period of this market? Ans: The Global Wood Plastic Composites Market is studied from 2023 to 2030
1. Wood Plastic Composite (WPC) Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Wood Plastic Composite (WPC) Market: Dynamics 2.1. Wood Plastic Composite (WPC) Market Trends by Region 2.1.1. North America Wood Plastic Composite (WPC) Market Trends 2.1.2. Europe Wood Plastic Composite (WPC) Market Trends 2.1.3. Asia Pacific Wood Plastic Composite (WPC) Market Trends 2.1.4. Middle East and Africa Wood Plastic Composite (WPC) Market Trends 2.1.5. South America Wood Plastic Composite (WPC) Market Trends 2.2. Wood Plastic Composite (WPC) Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Wood Plastic Composite (WPC) Market Drivers 2.2.1.2. North America Wood Plastic Composite (WPC) Market Restraints 2.2.1.3. North America Wood Plastic Composite (WPC) Market Opportunities 2.2.1.4. North America Wood Plastic Composite (WPC) Market Challenges 2.2.2. Europe 2.2.2.1. Europe Wood Plastic Composite (WPC) Market Drivers 2.2.2.2. Europe Wood Plastic Composite (WPC) Market Restraints 2.2.2.3. Europe Wood Plastic Composite (WPC) Market Opportunities 2.2.2.4. Europe Wood Plastic Composite (WPC) Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Wood Plastic Composite (WPC) Market Drivers 2.2.3.2. Asia Pacific Wood Plastic Composite (WPC) Market Restraints 2.2.3.3. Asia Pacific Wood Plastic Composite (WPC) Market Opportunities 2.2.3.4. Asia Pacific Wood Plastic Composite (WPC) Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Wood Plastic Composite (WPC) Market Drivers 2.2.4.2. Middle East and Africa Wood Plastic Composite (WPC) Market Restraints 2.2.4.3. Middle East and Africa Wood Plastic Composite (WPC) Market Opportunities 2.2.4.4. Middle East and Africa Wood Plastic Composite (WPC) Market Challenges 2.2.5. South America 2.2.5.1. South America Wood Plastic Composite (WPC) Market Drivers 2.2.5.2. South America Wood Plastic Composite (WPC) Market Restraints 2.2.5.3. South America Wood Plastic Composite (WPC) Market Opportunities 2.2.5.4. South America Wood Plastic Composite (WPC) Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Wood Plastic Composite (WPC) Industry 2.8. Analysis of Government Schemes and Initiatives For Wood Plastic Composite (WPC) Industry 2.9. Wood Plastic Composite (WPC) Market price trend Analysis (2021-22) 2.10. Wood Plastic Composite (WPC) Market Trade Analysis 2.10.1. Global Import Analysis 2.10.1.1. Top Importer of Wood Plastic Composite (WPC) 2.10.2. Global Export Analysis 2.10.2.1. Top Exporter of Wood Plastic Composite (WPC) 2.11. Wood Plastic Composite (WPC) Production Analysis 2.12. The Global Pandemic Impact on Wood Plastic Composite (WPC) Market 3. Wood Plastic Composite (WPC) Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value and Volume) 2023-2030 3.1. Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 3.1.1. Polyethylene 3.1.2. Polyvinylchloride 3.1.3. Polypropylene 3.1.4. Other 3.2. Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 3.2.1. Building and Construction Products 3.2.2. Automotive Components 3.2.3. Industrial & Consumer Goods 3.2.4. Others 3.3. Wood Plastic Composite (WPC) Market Size and Forecast, by Region (2023-2030) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Wood Plastic Composite (WPC) Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 4.1. North America Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 4.1.1. Polyethylene 4.1.2. Polyvinylchloride 4.1.3. Polypropylene 4.1.4. Other 4.2. North America Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 4.2.1. Building and Construction Products 4.2.2. Automotive Components 4.2.3. Industrial & Consumer Goods 4.2.4. Others 4.3. North America Wood Plastic Composite (WPC) Market Size and Forecast, by Country (2023-2030) 4.3.1. United States 4.3.1.1. United States Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 4.3.1.1.1. Polyethylene 4.3.1.1.2. Polyvinylchloride 4.3.1.1.3. Polypropylene 4.3.1.1.4. Other 4.3.1.2. United States Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 4.3.1.2.1. Building and Construction Products 4.3.1.2.2. Automotive Components 4.3.1.2.3. Industrial & Consumer Goods 4.3.1.2.4. Others 4.3.2. Canada 4.3.2.1. Canada Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 4.3.2.1.1. Polyethylene 4.3.2.1.2. Polyvinylchloride 4.3.2.1.3. Polypropylene 4.3.2.1.4. Other 4.3.2.2. Canada Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 4.3.2.2.1. Building and Construction Products 4.3.2.2.2. Automotive Components 4.3.2.2.3. Industrial & Consumer Goods 4.3.2.2.4. Others 4.3.3. Mexico 4.3.3.1. Mexico Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 4.3.3.1.1. Polyethylene 4.3.3.1.2. Polyvinylchloride 4.3.3.1.3. Polypropylene 4.3.3.1.4. Other 4.3.3.2. Mexico Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 4.3.3.2.1. Building and Construction Products 4.3.3.2.2. Automotive Components 4.3.3.2.3. Industrial & Consumer Goods 4.3.3.2.4. Others 5. Europe Wood Plastic Composite (WPC) Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 5.1. Europe Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 5.2. Europe Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 5.3. Europe Wood Plastic Composite (WPC) Market Size and Forecast, by Country (2023-2030) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 5.3.1.2. United Kingdom Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 5.3.2. France 5.3.2.1. France Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 5.3.2.2. France Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 5.3.3. Germany 5.3.3.1. Germany Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 5.3.3.2. Germany Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 5.3.4. Italy 5.3.4.1. Italy Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 5.3.4.2. Italy Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 5.3.5. Spain 5.3.5.1. Spain Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 5.3.5.2. Spain Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 5.3.6. Sweden 5.3.6.1. Sweden Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 5.3.6.2. Sweden Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 5.3.7. Austria 5.3.7.1. Austria Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 5.3.7.2. Austria Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 5.3.8.2. Rest of Europe Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 6. Asia Pacific Wood Plastic Composite (WPC) Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 6.1. Asia Pacific Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 6.2. Asia Pacific Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 6.3. Asia Pacific Wood Plastic Composite (WPC) Market Size and Forecast, by Country (2023-2030) 6.3.1. China 6.3.1.1. China Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 6.3.1.2. China Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 6.3.2. S Korea 6.3.2.1. S Korea Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 6.3.2.2. S Korea Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 6.3.3. Japan 6.3.3.1. Japan Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 6.3.3.2. Japan Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 6.3.4. India 6.3.4.1. India Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 6.3.4.2. India Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 6.3.5. Australia 6.3.5.1. Australia Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 6.3.5.2. Australia Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 6.3.6. Indonesia 6.3.6.1. Indonesia Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 6.3.6.2. Indonesia Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 6.3.7. Malaysia 6.3.7.1. Malaysia Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 6.3.7.2. Malaysia Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 6.3.8. Vietnam 6.3.8.1. Vietnam Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 6.3.8.2. Vietnam Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 6.3.9. Taiwan 6.3.9.1. Taiwan Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 6.3.9.2. Taiwan Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 6.3.10.2. Rest of Asia Pacific Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 7. Middle East and Africa Wood Plastic Composite (WPC) Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 7.1. Middle East and Africa Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 7.2. Middle East and Africa Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 7.3. Middle East and Africa Wood Plastic Composite (WPC) Market Size and Forecast, by Country (2023-2030) 7.3.1. South Africa 7.3.1.1. South Africa Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 7.3.1.2. South Africa Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 7.3.2. GCC 7.3.2.1. GCC Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 7.3.2.2. GCC Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 7.3.3. Nigeria 7.3.3.1. Nigeria Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 7.3.3.2. Nigeria Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 7.3.4.2. Rest of ME&A Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 8. South America Wood Plastic Composite (WPC) Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 8.1. South America Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 8.2. South America Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 8.3. South America Wood Plastic Composite (WPC) Market Size and Forecast, by Country (2023-2030) 8.3.1. Brazil 8.3.1.1. Brazil Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 8.3.1.2. Brazil Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 8.3.2. Argentina 8.3.2.1. Argentina Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 8.3.2.2. Argentina Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Wood Plastic Composite (WPC) Market Size and Forecast, by Type (2023-2030) 8.3.3.2. Rest Of South America Wood Plastic Composite (WPC) Market Size and Forecast, by Application (2023-2030) 9. Global Wood Plastic Composite (WPC) Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2023) 9.3.5. Production of 2023 9.3.6. Company Locations 9.4. Leading Wood Plastic Composite (WPC) Market Companies, by market capitalization 9.5. Analysis of Organized and Unorganized Key Players in Wood Plastic Composite (WPC) Industry 9.6. Market Structure 9.6.1. Market Leaders 9.6.2. Market Followers 9.6.3. Emerging Players 9.7. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Tamko Building Products, Inc. 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Axion International, Inc. 10.3. Beologic N.V. 10.4. Certainteed 10.5. Trex Company, Inc. 10.6. The AZEK Company 10.7. Advanced Environmental Recycling Technologies, Inc. 10.8. Universal Forest Products, Inc. 10.9. Fiberon, LLC 10.10. Timbertech 10.11. Fkur Kunststoff GmbH 10.12. Josef Ehrler GmbH & Co. Kg 10.13. Polymera, Inc. 10.14. Polyplank AB 10.15. Crane Plastics 10.16. CPG International LLC. 10.17. Findock International Inc. 10.18. Guangzhou Kindwood Co. Ltd. 10.19. North Wood Plastics Inc. 10.20. OnSpec Composites Inc. 10.21. Plygem Holdings Inc. 11. Key Findings 12. Industry Recommendations 13. Wood Plastic Composite (WPC) Market: Research Methodology 14. Terms and Glossary