Wood Plastic Composite Market

Wood Plastic Composite Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Wood Plastic Composite Market place for the forecast 2021– 2028

Global Wood Plastic Composite Market was valued at USD 5920.3 Million in 2021 and is expected to reach USD 13418.6 Million by 2028 with a CAGR of 12.4% over the forecast period.

Wood fibers are used in manufacturing wood-plastic composites (WPC) so as to elevate their strength and stiffness. Different kinds of wood are employed in commercial production, with maple, pine, and oak being the most ordinary. Presently, the wood selection is affected more by availability instead of inherent qualities.

Scope of Wood Plastic Composite Market The Report:

WPC (wood-plastic composites) are compounds having wood wastes and recycled plastic with helpful features such as lowered melting temperature leading to lower energy prices for producers and further lowering the environmental impact of the product. These composites are increasing at the highest speed amongst the plastic additives. Innovative employments for wood-based composites are accomplished constantly. These hybrid materials offer longevity, sustainability, and cost savings in a wide series of applications such as interiors, car speakers, kitchen accessories, and home furniture.

The global wood-plastic composites market is divided by application, type, and geography. By type, it is divided into PP-based composites, PVC-based composites, PE-based composites, and others. Based on application, it is segmented into industrial & consumer products, automotive components, building & construction, and others. Geographically, it is divided across Asia Pacific, Europe, North America, and LAMEA.

The automotive components section added up a major share of the global market in terms of revenue. The automotive components section is the most lucrative section for investment owing to the high requirement for dimensionally stable, recyclable, and lightweight materials for interior automotive elements during the later years. Hence, this section is predicted to show a high development rate together with a significant return on investment for the stakeholders, due to its notable income contribution.

Wood Plastic Composite Manufacturers

The major players included in the global wood plastic composite market forecast are,

• CPG International LLC.
• Crane Plastics
• Guangzhou Kindwood Co. Ltd.
• Findock International Inc.
• North Wood Plastics Inc.
• Josef Ehrler GmbH & Co. Kg
• Polyplank AB
• Universal Forest Products, Inc.
• Plygem Holdings Inc.
• OnSpec Composites Inc.

Wood Plastic Composite Market Key Segments:

By Composite Type

• Polyethylene
• Polyvinylchloride
• Polypropylene
• Others

By Application

• Building and Construction
• Automotive Components
• Industrial & Consumer Goods
• Furniture
• Others

Increasing Requirement For Durable And Lightweight Goods In The Construction And Automotive Sectors Is Predicted To Power Market Growth

Increasing requirement for durable and lightweight goods in the construction and automotive sectors is predicted to power requirement over the years to come. Wood fibers are used in manufacturing wood-plastic composites (WPC) so as to elevate their strength and stiffness. Different kinds of wood are employed in commercial production, with maple, pine, and oak being the most ordinary. Presently, the wood selection is affected more by availability instead of inherent qualities.

The manufacturing and designing of the product is unusually similar to manufacturing conventional plastics. There are some extra variables, though, which manufacturers and designers must be aware of when a material is being opted for manufacturing.

North America Is The Biggest Market For Wood Plastic Composites, Adding Up For A Major Share Of The Total Revenue

North America is the biggest market for wood-plastic composites, adding up for a major share of the total revenue. This can be credited to high product penetration in the construction and building sector. Increasing user requirements for bio-compatible products in applications such as automotive interior parts and consumer goods is predicted to have a positive effect on the market.

Europe has reached a level of maturity as far as the WPC sector is concerned and is thus predicted to clock a slow revenue-based development speed over the coming period. On the other hand, the development of the automotive sector in the region is predicted to power demand over the coming years. The auto sector employs WPC to manufacture exterior and interior trims in vehicles.

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2028
Market Size in 2021:	USD 5920.3 Million
Base year considered	2020
Forecast Period CAGR %:	12.4%
Market Size Expected in 2028:	USD 13418.6 Million
Tables, Charts & Figures:	175
Pages	200
Wood-Plastic Composites Manufacturers	CPG International LLC., Crane Plastics, Guangzhou Kindwood Co. Ltd., Findock International Inc., North Wood Plastics Inc., Josef Ehrler GmbH & Co. Kg, Polyplank AB, Universal Forest Products, Inc., Plygem Holdings Inc., OnSpec Composites Inc.,
Segments Covered	By Composite Type, By Application
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits for Wood-Plastic Composites Market Report

• Global Wood-Plastic Composites Market report covers in-depth historical and forecast analysis.
• Global Wood-Plastic Composites Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Wood Plastic Composite Manufacturers, Competitive Analysis, Regional and Country Level.
• Global Wood-Plastic Composites Market report helps to identify opportunities in the marketplace.
• Global Wood-Plastic Composites Market report covers extensive analysis of emerging trends and competitive landscape.

On Special Requirement Wood Plastic Composite Market Report is also available for below Regions and Country:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA