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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 13.76 billion by 2029 | 11.5% | Asia Pacific |
| By Product | By Application | By Region |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Wood Plastic Composite Market Overview
The wood plastic composite market is expected to grow at 11.5% CAGR from 2022 to 2029. It is expected to reach above USD 13.76 billion by 2029 from USD 5.17 billion in 2020.
WPCs are composite materials composed of wood fiber or wood flour and thermoplastic such as polythene (PE), polypropylene (PP), polyvinyl chloride (PVC), or polylactic acid (PLA). WPCs can incorporate ligno-cellulosic and/or inorganic filler elements in addition to wood fiber and plastic. WPCs are a subset of a larger class of materials known as natural fiber plastic composites (NFPCs), which may or may not contain cellulose-based fiber fillers such as pulp fibres, peanut hulls, coffee husk, bamboo, straw, digestate, and so on. Chemical additives enable polymer and wood flour (powder) integration while facilitating optimal processing conditions.
Wood plastic composite is made from a paste that may be molded into practically any shape and size, including arched or bending shapes. WPC’s inherent versatility extends to colour as well; it may be dyed or colored to match practically any design concept. Wood plastic composite is moisture-resistant and rot-resistant, which means it will endure visually and structurally longer than regular wood. WPC is also more heat resistant than traditional lumber, allowing it to be used in places where traditional lumber may flex or warp.
The wood plastic composite is a blend of natural wood fibres such as wood shavings or saw wood with plastic fibres. WPC improves the strength and moisture resistance of outdoor and interior applications. The market is accepting new techniques to gain a competitive advantage and hence survive the expanding corporate competition. The corporation is experimenting with acquisitions and mergers, as well as production volume development strategies to strengthen its market position.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD BILLION), Value (Kilotons) |
| Segmentation | By Product, By Application, By Region |
| By Product |
|
| By Application |
|
| By Region |
|
Wood plastic composites are becoming more popular in the construction and automotive industries due to their low cost and simplicity of use in non-structural areas such as balconies, staircases, and pillars. Furthermore, when compared to alternatives, wood plastic composites have a number of advantages. Because they are strong, rust-free, low-maintenance, and can tolerate high temperatures, they are utilised in interiors, car speakers, home furniture, and kitchen appliances. As a result, demand for wood plastic composites has increased all around the world. With rising environmental consciousness, there is a growing need for sustainable and eco-friendly building materials with reduced carbon footprints and less environmental impact.
WPCs are thought to be a more sustainable alternative to traditional building materials like wood and metal, and they can help minimize the amount of waste and pollution generated in the construction sector. WPCs are rapidly being used in the automotive sector to produce lightweight and long-lasting parts such as interior panels, seat backs, and door panels. This is motivated by the desire to reduce vehicle weight and enhance fuel efficiency while also meeting safety and durability standards. WPCs are becoming more popular as an alternative to traditional building materials as the demand for new construction and infrastructure development grows. WPCs have a wide range of applications, including flooring, cladding, and roofing, and are especially appealing in humid and damp areas.
WPCs are often more expensive than traditional materials such as wood, which may make them less appealing to some customers and businesses, particularly in price-sensitive industries. However, the higher initial cost of WPCs may be mitigated in the long run by lower maintenance and replacement costs. Also, because the WPC market is still in its early stages, many consumers and businesses may be unaware of the benefits and possible applications of WPCs. This may limit demand and slow market expansion. While WPCs are very resistant to moisture, rot, and insects, colour fading and weathering can occur over time. This may limit its use in applications requiring a high level of aesthetics, such as outdoor furniture and ornamental items. Furthermore, as compared to traditional materials such as metal, WPCs have significant technical constraints, such as lesser stiffness and impact strength. This may limit its usage in certain applications, including building structural components and bridges. Nonetheless, continuous research and development might aid in the future resolution of these restrictions.
The wood plastic composite (WPC) market offers several prospects for growth and innovation, driven by factors such as rising demand for low-maintenance and durable materials, as well as technological breakthroughs and innovations. The market has the ability to grow into new geographical and demographic areas, as well as new applications, customization and personalization, and environmentally responsible manufacturing techniques. The WPC sector will also benefit from continued technological and material improvements, such as the use of new thermoplastics and additives, as well as the development of new manufacturing methods that reduce waste and energy usage. By seizing these opportunities, the WPC market may continue to expand and evolve, becoming an increasingly essential part of the sustainable and environmentally friendly building materials industry.
Due to the lengthy lockdown in major countries brought on by the COVID-19 pandemic, manufacturing plants that do not fall under vital items have been partially or completely shut down. It resulted in the shutdown of production activity in the majority of industrial units around the world. COVID-19 presented a significant challenge to the wood plastic fiberglass sector. Due to lockdown and labor shortages, the coronavirus outbreak interrupted the supply chain and delayed deliveries of wood composites and other raw materials from yards. Industries are being closed down all across the world. People’s purchasing power is dwindling, which has a direct impact on the automotive and construction industries, reducing demand for wood-plastic composites and limiting industrial growth. Since 2020, demand for wood polymers and composites has been declining. Import and export are challenging because of the supply chain issues. Nonetheless, demand for wood plastics has surged since 2021. Novel advancements will drive significant expansion in the wood plastics composite industry.
Wood Plastic Composite Market Segment Analysis
The wood plastic composite market is segmented based on types, application and region, global trends and forecast.
Based on types market is segmented into polyethylene, polypropylene, polyvinylchloride, others; by application market is segmented into building and construction, automotive component, industrial and consumer goods, others; and region.
Polyethylene has the biggest market share due to its molecular arrangement and different molecule structure. Polyethylene has sparked interest in academic and technical circles because it combines the polyethylene properties of wood with adaptability, mechanical, and processability. Polyethylene can be shaped or molded into various sizes and forms based on the need and need. As a result, it is critical to create windows and doors with excellent polishing and an ironic appearance. Wood plastic composite material, on the other hand, is a low-cost and potential substitute for plywood. Nevertheless, polyethylene (PE)-based wood-plastic composites are mostly employed to make flooring and furniture materials. The global expansion in building construction enhances the market for wood plastic composites. Because of its strength, moisture resistance, thermal stability, and stiffness, wood-filled PVC is gaining popularity. Nonetheless, it is significantly more expensive than unfilled PVC. The increasing demand for wood plastic composite in the manufacturing of consumer items such as showpieces and toys are expected to drive market expansion in the coming years.
In 2021, the building and construction category led the market, accounting for more than 71% of worldwide sales. Growing infrastructure building activities in emerging nations for visually pleasing furniture and flooring solutions, has boosted demand for wood plastic composite in the construction industry. The use of recyclable or biodegradable wood-plastic composite-based parts in automobiles is expected to improve mechanical strength and acoustic performance, reduce material weight and fuel consumption, reduce manufacturing costs, and improve passenger safety and shatterproof performance, all of which are expected to increase demand for wood plastic composites in the automotive industry. Growing demand for wood plastic composite in the production of noise barriers for road construction, sheet pilings for landscaping, and garden furniture is likely to drive product demand during the forecast period. Furthermore, increased demand for wood plastic composite in the manufacture of consumer items such as toys and showpieces is expected to drive market expansion in the approaching years.
Wood Plastic Composite Market Key Players
The Wood Plastic Composite Market key players include Advanced Environmental Recycling Technologies Inc. (AERT), Axion Structural Innovations LLC, Beologic N.V., CertainTeed Corporation, Fiberon LLC, Fkur Kunststoff GmbH, Guangzhou Kindwood Co. Ltd., Woodmass, PolyPlank AB, Renolit, TAMKO Building Products Inc., TimberTech, Trex Company Inc., Universal Forest Product, and others.
Recent News
07 August 2024: Trex launched new budget-friendly post sleeve, cap and skirt packages that make railing selection and installation easier for consumers. These all-in-one railing post kits are designed to provide a cohesive aesthetic for Trex’s composite decking and railing products.
10 April 2024: Fiberon introduced its Wildwood™ composite cladding, which won the 2024 Sustainable Product of the Year award. Wildwood is made from 94% recycled wood-fiber and plastic content that would otherwise end up in landfills. It provides a sustainable, low-maintenance alternative to traditional wood cladding for architects and builders.
07 October 2020: CertainTeed has announced the creation of a new ceilings resource aimed towards the commercial architecture and design industries. CertainTeed Architectural now includes the entire ceiling and wall product portfolios of CertainTeed, Hunter Douglas Ceiling & Wall Products, Norton Industries, and Decoustics.
07 November 2022: Fiberon, a renowned developer of composite wood-alternative decking and railing materials, announced a collaboration with Hixson Lumber Company, a significant wood product supplier. Fiberon’s presence in Texas, Louisiana, Arkansas, and Oklahoma will be expanded as a result of the collaboration.
Who Should Buy? Or Key stakeholders
- Suppliers and Distributors
- Construction Industry
- Automotive Industry
- Investors
- End user companies
- Research and development
- Regulatory Authorities
- Others
Wood Plastic Composite Market Regional Analysis
The Wood Plastic Composite Market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia and Rest of Europe
- South America: includes Brazil, Argentina, Colombia and Rest of South America
- Middle East & Africa: includes UAE, South Africa, Saudi Arabia and Rest of MEA
The Asia-Pacific region dominated the wood plastic composites market with the largest share. The Asia Pacific region is expected to be the fastest growing market due to rising per capita income and rapid industrialization. Expansion in construction in Asia-Pacific countries such as India, China, and Japan are increasing demand for wood plastic composites due to financial improvements and an increase in personal affluence. Wood plastic composites are preferred over traditional wood because of their light weight, pest resistance, and chemical resistance. Throughout the projected period, significant producers are likely to benefit from changes in China’s fragmented distribution, rising local competitiveness, consumer behavior, and rising double income.
Because of the growth in the automotive industry, North America has the highest demand. The increased demand as a result of industrial expansion is significant. It is an early adopter of wood plastic composites. The presence of a key player benefits the market. The market has seen urbanization, expansion, and the development of building industries. After North America, Europe is the market with the highest pace of growth.
Europe is the region having the most automotive giants, which increased demand, and these regions will have more opportunities during the forecast period. Even after the financial catastrophe caused by the COVID-19 pandemic, South American building and construction companies have remained resilient. Issues such as uncertainty about the economic rule and changes in Brazil, as well as new social turmoil in several nations such as Ecuador, Chile, Bolivia, and Colombia, are likely to hamper financial growth.
Key Market Segments: Wood Plastic Composite Market
Wood Plastic Composite Market by Product, 2020-2029, (USD Billion, Kilotons)
- Polyethylene
- Polypropylene
- Polyvinylchloride
- Others
Wood Plastic Composite Market by Application, 2020-2029, (USD Billion, Kilotons)
- Building and Construction
- Automotive Components
- Industrial and Consumer Goods
- Others
Wood Plastic Composite Market by Region, 2020-2029, (USD Billion, Kilotons)
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
Important Countries In All Regions Are Covered.
Exactitude Consultancy Services Key Objectives
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the wood plastic composite market over the next 7 years?
- Who are the major players in the wood plastic composite market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-pacific, middle east, and Africa?
- How is the economic environment affecting the wood plastic composite market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the wood plastic composite market?
- What is the current and forecasted size and growth rate of the global wood plastic composite market?
- What are the key drivers of growth in the wood plastic composite market?
- Who are the major players in the market and what is their market share?
- What are the distribution channels and supply chain dynamics in the wood plastic composite market?
- What are the technological advancements and innovations in the wood plastic composite market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the wood plastic composite market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the wood plastic composite market?
- What are the product offerings and specifications of leading players in the market?
- What is the pricing trend of wood plastic composites in the market and what is the impact of raw material prices on the price trend?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL WOOD PLASTIC COMPOSITE MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON WOOD PLASTIC COMPOSITE MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL WOOD PLASTIC COMPOSITE MARKET OUTLOOK
- GLOBAL WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION, KILOTONS)
- POLYETHYLENE
- POLYPROPYLENE
- POLYVINYLCHLORIDE
- OTHERS
- GLOBAL WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION, KILOTONS)
- BUILDING AND CONSTRUCTION
- AUTOMOTIVE COMPONENTS
- INDUSTRIAL AND CONSUMER GOODS
- OTHERS
- GLOBAL WOOD PLASTIC COMPOSITE MARKET BY REGION (USD BILLION, KILOTONS)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SOUTH AFRICA
- SAUDI ARABIA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES INC. (AERT),
- AXION STRUCTURAL INNOVATIONS LLC,
- BEOLOGIC N.V.,
- CERTAINTEED CORPORATION,
- FIBERON LLC,
- FKUR KUNSTSTOFF GMBH,
- GUANGZHOU KINDWOOD CO. LTD.,
- WOODMASS,
- POLYPLANK AB,
- RENOLIT,
- TAMKO BUILDING PRODUCTS INC.,
- TIMBERTECH,
- TREX COMPANY INC.,
- UNIVERSAL FOREST PRODUCT US FIBERS *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 GLOBAL WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 2 GLOBAL WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 3 GLOBAL WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 4 GLOBAL WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 5 GLOBAL WOOD PLASTIC COMPOSITE MARKET BY REGION (USD BILLION), 2020-2029
TABLE 6 GLOBAL WOOD PLASTIC COMPOSITE MARKET BY REGION (KILOTONS), 2020-2029
TABLE 7 NORTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 8 NORTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 9 NORTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 10 NORTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 11 NORTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 12 NORTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 13 US WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 14 US WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 15 US WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 16 US WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 17 CANADA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (BILLION), 2020-2029
TABLE 18 CANADA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 19 CANADA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 20 CANADA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 21 MEXICO WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 22 MEXICO WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 23 MEXICO WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 24 MEXICO WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 25 REST OF NORTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 26 REST OF NORTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 27 REST OF NORTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 28 REST OF NORTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 29 SOUTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 30 SOUTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 31 SOUTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 32 SOUTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 33 SOUTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 34 SOUTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 35 BRAZIL WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 36 BRAZIL WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 37 BRAZIL WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 38 BRAZIL WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 39 ARGENTINA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 40 ARGENTINA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 41 ARGENTINA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 42 ARGENTINA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 43 COLOMBIA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 44 COLOMBIA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 45 COLOMBIA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 46 COLOMBIA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 47 REST OF SOUTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 48 REST OF SOUTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 49 REST OF SOUTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 50 REST OF SOUTH AMERICA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 51 ASIA -PACIFIC WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 52 ASIA -PACIFIC WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 53 ASIA -PACIFIC WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 54 ASIA -PACIFIC WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 55 ASIA -PACIFIC WOOD PLASTIC COMPOSITE MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 56 ASIA -PACIFIC WOOD PLASTIC COMPOSITE MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 57 INDIA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 58 INDIA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 59 INDIA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 60 INDIA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 61 CHINA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 62 CHINA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 63 CHINA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 64 CHINA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 65 JAPAN WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 66 JAPAN WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 67 JAPAN WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 68 JAPAN WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 69 SOUTH KOREA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 70 SOUTH KOREA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 71 SOUTH KOREA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 72 SOUTH KOREA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 73 AUSTRALIA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 74 AUSTRALIA HYBRID APPLICATIONBY TYPES (KILOTONS), 2020-2029
TABLE 75 AUSTRALIA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 76 AUSTRALIA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 77 REST OF ASIA PACIFIC WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 78 REST OF ASIA PACIFIC HYBRID APPLICATIONBY TYPES (KILOTONS), 2020-2029
TABLE 79 REST OF ASIA PACIFIC WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 80 REST OF ASIA PACIFIC WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 81 EUROPE WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 82 EUROPE WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 83 EUROPE WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 84 EUROPE WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 85 EUROPE WOOD PLASTIC COMPOSITE MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 86 EUROPE WOOD PLASTIC COMPOSITE MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 87 GERMANY WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 88 GERMANY WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 89 GERMANY WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 90 GERMANY WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 91 UK WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 92 UK WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 93 UK WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 94 UK WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 95 FRANCE WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 96 FRANCE WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 97 FRANCE WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 98 FRANCE WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 99 ITALY WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 100 ITALY WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 101 ITALY WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 102 ITALY WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 103 SPAIN WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 104 SPAIN WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 105 SPAIN WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 106 SPAIN WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 107 RUSSIA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 108 RUSSIA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 109 RUSSIA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 110 RUSSIA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 111 REST OF EUROPE WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 112 REST OF EUROPE WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 113 REST OF EUROPE WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 114 REST OF EUROPE WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 115 MIDDLE EAST AND AFRICA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 116 MIDDLE EAST AND AFRICA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 117 MIDDLE EAST AND AFRICA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 118 MIDDLE EAST AND AFRICA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 119 MIDDLE EAST ABD AFRICA WOOD PLASTIC COMPOSITE MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 120 MIDDLE EAST ABD AFRICA WOOD PLASTIC COMPOSITE MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 121 UAE WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 122 UAE WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 123 UAE WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 124 UAE WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 125 SAUDI ARABIA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 126 SAUDI ARABIA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 127 SAUDI ARABIA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 128 SAUDI ARABIA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 129 SOUTH AFRICA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 130 SOUTH AFRICA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 131 SOUTH AFRICA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 132 SOUTH AFRICA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 133 REST OF MIDDLE EAST AND AFRICA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (USD BILLION), 2020-2029
TABLE 134 REST OF MIDDLE EAST AND AFRICA WOOD PLASTIC COMPOSITE MARKET BY PRODUCT (KILOTONS), 2020-2029
TABLE 135 REST OF MIDDLE EAST AND AFRICA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 136 REST OF MIDDLE EAST AND AFRICA WOOD PLASTIC COMPOSITE MARKET BY APPLICATION (KILOTONS), 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL WOOD PLASTIC COMPOSITE MARKET BY PRODUCT, USD BILLION, 2020-2029
FIGURE 9 GLOBAL WOOD PLASTIC COMPOSITE MARKET BY APPLICATION, USD BILLION, 2020-2029
FIGURE 10 GLOBAL WOOD PLASTIC COMPOSITE MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 11 PORTER’S FIVE FORCES MODEL
FIGURE 12 GLOBAL WOOD PLASTIC COMPOSITE MARKET BY PRODUCT 2021
FIGURE 13 GLOBAL WOOD PLASTIC COMPOSITE MARKET BY APPLICATION 2021
FIGURE 14 GLOBAL WOOD PLASTIC COMPOSITE MARKET BY REGION 2021
FIGURE 15 MARKET SHARE ANALYSIS
FIGURE 16 ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES INC. (AERT): COMPANY SNAPSHOT
FIGURE 17 AXION STRUCTURAL INNOVATIONS LLC: COMPANY SNAPSHOT
FIGURE 18 BEOLOGIC N.V.: COMPANY SNAPSHOT
FIGURE 19 CERTAINTEED CORPORATION: COMPANY SNAPSHOT
FIGURE 20 FIBERON LLC: COMPANY SNAPSHOT
FIGURE 21 FKUR KUNSTSTOFF GMBH: COMPANY SNAPSHOT
FIGURE 22 GUANGZHOU KINDWOOD CO. LTD.: COMPANY SNAPSHOT
FIGURE 23 WOODMASS: COMPANY SNAPSHOT
FIGURE 24 POLYPLANK AB: COMPANY SNAPSHOT
FIGURE 25 RENOLIT: COMPANY SNAPSHOT
FIGURE 26 TAMKO BUILDING PRODUCTS INC.: COMPANY SNAPSHOT
FIGURE 27 TIMBERTECH: COMPANY SNAPSHOT
FIGURE 28 TREX COMPANY INC.: COMPANY SNAPSHOT
FIGURE 29 UNIVERSAL FOREST PRODUCT US FIBERS: COMPANY SNAPSHOT
FAQ
The global wood plastic composite market size was valued at 5.17 billion in 2020.
The wood plastic composite market key players include Advanced Environmental Recycling Technologies Inc. (AERT), Axion Structural Innovations LLC, Beologic N.V., CertainTeed Corporation, Fiberon LLC, Fkur Kunststoff GmbH, Guangzhou Kindwood Co. Ltd., Woodmass, PolyPlank AB, Renolit, TAMKO Building Products Inc., TimberTech, Trex Company Inc., Universal Forest Product
Asia-pacific is the largest regional market for Wood Plastic Composite Market.
The key factors driving the Wood Plastic Composites market include increasing products use in several residential, industrial and commercial sectors. This increased demand is primarily driven by population growth, rapid urbanization, and rising per capita income in the developing countries. Increasing consumer preferences for green buildings is projected to boost the demand for wood plastic composite in the construction industry over the coming years.
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