Wood Plastic Composites Market Bolstering With Rapid Pace To Reach USD 8.76 Billion By 2022

25-Sep-2018 | Zion Market Research

The major players in the global wood plastic composites market are TimberTech Limited, Trex Company Inc., Fiberon LLC., WPC-Wood Plastic A.S., Advanced Environmental Recycling Technologies (AERT), Perth Wood Plastic Composite Co, Ltd., Beologic N.V., Solvay S.A., Louisiana Pacific Corporation, CertaiTeed Corporation, JELU-WERK J., Strandex Corporation, and Ehrler GmbH & Co. KG. These players are set to bolster the development of global wood plastic composites market in the years to come.

Analysts at Zion Market Research claim that the global wood plastic composites market was capitalized at USD 4.37 Billion in 2016 and is likely to cross USD 8.76 Billion in 2022, developing at a CAGR of 12.3% from 2017 to 2022. Global wood plastic composites market stood at almost 4,262.3 kilotons in terms of volume in 2016.

Request Sample Request Customization Buy Now

This review is based on a report by Zion Market Research, titled “Wood Plastic Composites Market (Polyethylene, Polypropylene, Polyvinyl Chloride and Others) for Building & Construction, Automotive, Electrical and Other Applications: Global Market Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022”- Report at http://www.zionmarketresearch.com/report/wood-plastic-composites-market

The Increasing Demand For Automotive & Construction To Be Major Booster For The Wood Plastic Composites Market

The wood plastic composites have various benefits as compared to conventional furniture-making substances such as wood. Hence, the increasing demand for automotive & construction is likely to be a major booster for the wood plastic composites market, as per analysts at Zion Market Research. In addition to this, increasing demand for recyclable substances in the automobile sector is likely to drive the size of wood plastic composites market in the forecast period. On the other hand, the high price of raw material is a primary limitation that might hinder the growth of wood plastic composites market. Nevertheless, untapped market in emerging nations is expected to set off new avenues for the wood plastic composites market over the years to come.

Global-Wood-Plastic-Composites-Market

Different product launches are also one of the reasons that are responsible for the development of wood plastic composites market. For instance, in April 2018, Cali Bamboo included TruOrganics (a superior composite decking line) to its outdoor product portfolio with all-new fresh decking colors and post & rail systems, fostering the wood plastic composites market. Furthermore, in December 2017, CertainTeed Corp. rolled out a polyurethane composite siding, bolstering the wood plastic composites market.

Usage Of Wood Plastic Composites In Various Applications To Power The Wood Plastic Composites Market In North America

North America in 2016 ruled the wood plastic composites market and additionally this trend is likely to carry on in the years to come due to rapidly increasing requirement for decking & flooring applications in the U.S. Furthermore, North America is developing tremendously due to huge usage of wood plastic composites in various applications such as construction, automotive, and other sectors including electronics. Asia Pacific was the second biggest wood plastic composites market in 2016. Additionally, it is also planned to be one of the quenches developing region for wood plastic composites markets in the forecast period.

The global wood plastic composites market is segmented as follows:

By Application

  • Building & construction
  • Automotive
  • Electrical
  • Others (Toys, trays, musical instruments, shoe soles, etc)

By Product

  • Polyethylene
  • Polypropylene
  • Polyvinyl chloride
  • Others (ABS, polystyrene, and polylactide)

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com

Download Brochure
Latest Published Reports

View All Published Reports