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Wood Plastic Composites Market - Global Industry Analysis

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

Published Date: 07-Feb-2017 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-939 Status : Published

Global demand for wood plastic composites is expected to reach USD 8.76 billion in 2022, growing at a CAGR of 12.3% between 2017 and 2022.

Description

The report comprises of forecast and analysis for the global wood plastic composites market. The study provides historic data from 2014 to 2016 along with a forecast from 2017 to 2022 based volume (kilo tons) and revenue (USD billion). The entire report covers the major drivers and restraints for the wood plastic composites market along with its impact on the demand during the forecast period. In addition, the report contains the detailed study of opportunities to be had in the wood plastic composites market on a global level.

The study offers a vital outlook on the wood plastic composites market by categorizing the market based on products, applications, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. The key product covered under this study includes polyethylene, polypropylene, polyvinyl chloride and others. Major applications included in the study are building & construction, automotive, electrical and other applications. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa with further bifurcation into major countries including, U.S., UK, Germany, Japan, France, China, India, and Brazil.

The major players of global wood plastic composites includes Trex Company Inc., TimberTech Limited, WPC-Wood Plastic A.S., Fiberon LLC., Perth Wood Plastic Composite Co, Ltd., Advanced Environmental Recycling Technologies (AERT), Solvay S.A., Beologic N.V., CertaiTeed Corporation, Louisiana Pacific Corporation, Strandex Corporation and JELU-WERK J. Ehrler GmbH & Co. KG among others.

This report covers the following segments:

Wood-Plastic Composites Market: Product Analysis

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

Wood-Plastic Composites Market:  Application Analysis

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

Wood-Plastic Composites Market: Regional Analysis

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

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Wood-Plastic Composites Market, 2014-2022 (USD Billion)
    • 2.2. Wood-Plastic Composites Market: Snapshot
  • Chapter 3. Wood-Plastic Composites Market – Industry Analysis
    • 3.1. Wood-Plastic Composites Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Strong demand from building & construction industry
      • 3.2.2. Growing demand for recyclable materials in the automobile industry
    • 3.3. Restraint
      • 3.3.1. Availability of substitute materials
    • 3.4. Opportunity
      • 3.4.1. Emerging markets in developing region
    • 3.5. Porter’s Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis By Product
      • 3.6.2. Market attractiveness analysis By Application
      • 3.6.3. Market attractiveness analysis by Region
  • Chapter 4. Wood-Plastic Composites Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Wood-Plastic Composites Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Wood-Plastic Composites Market –Product Analysis
    • 5.1. Global Wood-Plastic Composites Market overview: By Product
      • 5.1.1. Global Wood-Plastic Composites Market share, By Product,2018 and 2022
    • 5.2. Pulyethylene
      • 5.2.1. Global Wood-Plastic Composites Market by Pulyethylene, 2014-2022 (USD Billion)
    • 5.3. Pulypropylene
      • 5.3.1. Global Wood-Plastic Composites Market by Pulypropylene, 2014-2022 (USD Billion)
    • 5.4. Pulyvinyl chloride
      • 5.4.1. Global Wood-Plastic Composites Market by Pulyvinyl chloride, 2014-2022 (USD Billion)
    • 5.5. Others
      • 5.5.1. Global Wood-Plastic Composites Market by Others, 2014-2022 (USD Billion)
  • Chapter 6. Global Wood-Plastic Composites Market –Application Analysis
    • 6.1. Global Wood-Plastic Composites Market overview: By Application
      • 6.1.1. Global Wood-Plastic Composites Market share, By Application, 2018 and 2022
    • 6.2. Building & construction
      • 6.2.1. Global Wood-Plastic Composites Market By Building & construction, 2014-2022 (USD Billion)
    • 6.3. Electrical
      • 6.3.1. Global Wood-Plastic Composites Market By Electrical, 2014-2022 (USD Billion)
    • 6.4. Automotive
      • 6.4.1. Global Wood-Plastic Composites Market By Automotive, 2014-2022 (USD Billion)
    • 6.5. Others
      • 6.5.1. Global Wood-Plastic Composites Market By Others, 2014-2022 (USD Billion)
  • Chapter 7. Global Wood-Plastic Composites Market - Regional Analysis
    • 7.1. Global Wood-Plastic Composites Market overview: by Region
      • 7.1.1. Global Wood-Plastic Composites Market share, by Region, 2018 and 2022
    • 7.2. North America
      • 7.2.1. North America Wood-Plastic Composites Market, 2014-2022 (USD Billion)
      • 7.2.2. North America Wood-Plastic Composites Market revenue, By Product,2014-2022 (USD Billion)
      • 7.2.3. North America Wood-Plastic Composites Market revenue, By Application, 2014-2022 (USD Billion)
        • 7.2.4. U.S.
          • 7.2.4.1. U.S. Wood-Plastic Composites Market revenue, By Product,2014-2022 (USD Billion)
          • 7.2.4.2. U.S. Wood-Plastic Composites Market revenue, By Application, 2014-2022 (USD Billion)
        • 7.2.5. Rest of North America
          • 7.2.5.1. Rest of North America Wood-Plastic Composites Market revenue, By Product,2014-2022 (USD Billion)
          • 7.2.5.2. Rest of North America Wood-Plastic Composites Market revenue, By Application, 2014-2022 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe Wood-Plastic Composites Market, 2014-2022 (USD Billion)
      • 7.3.2. Europe Wood-Plastic Composites Market revenue, By Product,2014-2022 (USD Billion)
      • 7.3.3. Europe Wood-Plastic Composites Market revenue, By Application, 2014-2022 (USD Billion)
      • 7.3.4. UK
        • 7.3.4.1. U.K. Wood-Plastic Composites Market revenue, By Product,2014-2022 (USD Billion)
        • 7.3.4.2. U.K. Wood-Plastic Composites Market revenue, By Application, 2014-2022 (USD Billion)
      • 7.3.5. France
        • 7.3.5.1. France Wood-Plastic Composites Market revenue, By Product,2014-2022 (USD Billion)
        • 7.3.5.2. France Wood-Plastic Composites Market revenue, By Application, 2014-2022 (USD Billion)
      • 7.3.6. Germany
        • 7.3.6.1. Germany Wood-Plastic Composites Market revenue, By Product,2014-2022 (USD Billion)
        • 7.3.6.2. Germany Wood-Plastic Composites Market revenue, By Application, 2014-2022 (USD Billion)
      • 7.3.7. Rest of Europe
        • 7.3.7.1. Rest of Europe Wood-Plastic Composites Market revenue, By Product,2014-2022 (USD Billion)
        • 7.3.7.2. Rest of Europe Wood-Plastic Composites Market revenue, By Application, 2014-2022 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Wood-Plastic Composites Market, 2014-2022 (USD Billion)
      • 7.4.2. Asia Pacific Wood-Plastic Composites Market revenue, By Product,2014-2022 (USD Billion)
      • 7.4.3. Asia Pacific Wood-Plastic Composites Market revenue, By Application, 2014-2022 (USD Billion)
      • 7.4.4. China
        • 7.4.4.1. China Wood-Plastic Composites Market revenue, By Product,2014-2022 (USD Billion)
        • 7.4.4.2. China Wood-Plastic Composites Market revenue, By Application, 2014-2022 (USD Billion)
      • 7.4.5. Japan
        • 7.4.5.1. Japan Wood-Plastic Composites Market revenue, By Product,2014-2022 (USD Billion)
        • 7.4.5.2. Japan Wood-Plastic Composites Market revenue, By Application, 2014-2022 (USD Billion)
      • 7.4.6. India
        • 7.4.6.1. India Wood-Plastic Composites Market revenue, By Product,2014-2022 (USD Billion)
        • 7.4.6.2. India Wood-Plastic Composites Market revenue, By Application, 2014-2022 (USD Billion)
      • 7.4.7. Rest of Asia Pacific
        • 7.4.7.1. Rest of Asia Pacific Wood-Plastic Composites Market revenue, By Product,2014-2022 (USD Billion)
        • 7.4.7.2. Rest of Asia Pacific Wood-Plastic Composites Market revenue, By Application, 2014-2022 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America Wood-Plastic Composites Market, 2014-2022 (USD Billion)
      • 7.5.2. Latin America Wood-Plastic Composites Market revenue, By Product,2014-2022 (USD Billion)
      • 7.5.3. Latin America Wood-Plastic Composites Market revenue, By Application, 2014-2022 (USD Billion)
      • 7.5.4. Brazil
        • 7.5.4.1. Brazil Wood-Plastic Composites Market revenue, By Product,2014-2022 (USD Billion)
        • 7.5.4.2. Brazil Wood-Plastic Composites Market revenue, By Application, 2014-2022 (USD Billion)
      • 7.5.5. Rest of Latin America
        • 7.5.5.1. Rest of Latin America Wood-Plastic Composites Market revenue, By Product,2014-2022 (USD Billion)
        • 7.5.5.2. Rest of Latin America Wood-Plastic Composites Market revenue, By Application, 2014-2022 (USD Billion)
    • 7.6. The Middle East and Africa
      • 7.6.1. The Middle East and Africa Wood-Plastic Composites Market, 2014-2022 (USD Billion)
      • 7.6.2. The Middle East and Africa Wood-Plastic Composites Market revenue, By Product,2014-2022 (USD Billion)
      • 7.6.3. The Middle East and Africa Wood-Plastic Composites Market revenue, By Application, 2014-2022 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. Trex Company Inc.
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. TimberTech Limited
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. WPC-Wood Plastic A.S.
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. Fiberon LLC.
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. Perth Wood Plastic Composite Co, Ltd.
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. Advanced Environmental Recycling Technologies (AERT)
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
    • 8.7. Sulvay S.A.
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product Portfolio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. Beulogic N.V.
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product Portfolio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development
    • 8.9. CertaiTeed Corporation
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product Portfolio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Development
    • 8.10. Louisiana Pacific Corporation
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product Portfolio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Development
    • 8.11. Strandex Corporation
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product Portfolio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Development
    • 8.12. JELU-WERK J. Ehrler GmbH & Co. KG
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Product Portfolio
      • 8.12.4. Business Strategy
      • 8.12.5. Recent Development

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Wood Plastic Composites market. Zion Research has collected and analyzed key data belong to the global Wood Plastic Composites market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Wood Plastic Composites across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Wood Plastic Composites industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Wood Plastic Composites market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Wood plastic composites are hybrid materials that are made up of wood fibers and thermoplastics polymers. The main ingredient in the wood plastic composite is wood flour (saw dust) and thermoplastic additives such as polyethylene, polypropylene, polyvinyl chloride, etc. It offers numerous of advantages over alternatives such as pressure-treated lumber and naturally durable cedar or redwood. It provides weather resistance, long service life, and lower maintenance. Moreover, it finds numerous applications such as construction, automotive, toys, crafts, outdoor decks, fences, railing, window frames, etc.

The global wood-plastic composites market is primarily driven by strong demand from building & construction industry. Increasing demand from building & construction application is expected to boost the wood plastic composites market in future. Moreover, growing demand for recyclable materials in the automobile industry is expected to drive the demand for wood plastic composites during the years to come. However, availability of substitute materials is expected to hamper the growth of this industry in the years to come. Nonetheless, emerging markets in developing region are likely to offer new avenues to the major players in the market during the years to come.

Global-Wood-Plastic-Composites-Market

Polyethylene was the leading product segment of wood-plastic composites market in 2016. It is majorly used in molding strips, furniture materials, wall cladding, hollow boards, hollow filler section and decking process. Thus, it accounted for above 60.0% share of total wood-plastic composites consumed in 2016 and this trend is expected to continue during the future years. Polyvinyl chloride is expected to exhibit fastest CAGR within the forecast period.

Construction & building was the largest application segment for wood-plastic composites in 2016. Additionally, growing construction industry is likely to drive the demand for wood plastics composites across the globe in the near future. Automotive was the second largest market with more than 25.0% share of the total wood-plastic composites volume consumed in 2016. Automotive is also expected to be the fastest growing application market of wood-plastic composites in the next five years. Usages of wood plastic composites trim down the weight of automobiles and also boost fuel efficiency. Thus, it results in low emission of carbon and hence, it is expected to drive the demand for wood plastic composites during the years to come.  

North America was the leading regional market for wood-plastic composites in 2016. It holds for above 35.0% share of the entire market in 2016 and is expected to grow at a CAGR of 11.6% during the next five years. Asia Pacific is expected to be the fastest growing market of wood plastic composites over the years to come. Moreover, Asia Pacific is expected to exhibit robust growth owing to booming construction and automotive industry in the region.  

The key vendors in the global wood-plastic composites market include Trex Company Inc., TimberTech Limited, WPC-Wood Plastic A.S., Fiberon LLC., Perth Wood Plastic Composite Co, Ltd., Advanced Environmental Recycling Technologies (AERT), Solvay S.A., Beologic N.V., CertaiTeed Corporation, Louisiana Pacific Corporation, Strandex Corporation and JELU-WERK J. Ehrler GmbH & Co. KG among others.

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