Wood Plastic Composites Market Size, Share, Growth Report 2032

Wood Plastic Composites Market Size

The global Wood Plastic Composites Market accrued earnings worth approximately 5.9 (USD Billion) in 2020 and is predicted to gain revenue of about 13.9 (USD Billion) by 2028, is set to record a CAGR of nearly 12.4% over the period from 2021 to 2028. The report offers assessment and analysis of the Wood Plastic Composites Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Wood Plastic Composites Market: Overview

Wood plastic composites are integration of natural wood such as wood shavings and plastic fibers. It possesses high strength, low moisture content, and low water absorption in comparison to traditional wood plastic products. Moreover, these beneficial features have made its applications prominent in railings, fencing, interior molding, windows, doors, landscape materials, flooring, and exterior siding. These products have low melting point as compared to various other conventional wood items and this helps in reducing energy costs for consumers along with minimizing hazardous effect of product on environment. It enhances material durability & moisture resistance, thereby enhancing its acceptance.

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Wood Plastic Composites Market: Growth Factors

Large-scale use of wood plastic composites in building & construction activities will steer expansion of wood plastic composites market over forecasting timespan.  Apparently, wood plastic composites have huge potential & are green sustainable items that enable product in achieving strength without massive use of toxic chemicals, thereby creating huge demand for these products.

In addition to this, rise in use of wood plastic composites in automotive production owing to its low costs, biodegradability, reduced density, and ability to provide mechanical strength will drive market trends. Apart from this, use of wood plastic composites improves mechanical strength of product, acoustic performance, and reduces material mass along with minimizing manufacturing costs & fuel consumption. Nonetheless, huge initial price of wood plastic composites will impede business growth.

Furthermore, flexibility and resistance to extreme climatic conditions can optimize utilization of wood plastic composites in various constructions & building structures, thereby steering industry growth.

Report Scope:

Wood Plastic Composites Market: Regional Landscape

North America To Make Lucrative Contributions Towards Regional Market Share By 2028

Expansion of wood plastic composites market in North America over assessment period is due to large-scale demand for product in the countries such as the U.S. Additionally, surge in use of product in dock production, porch manufacturing, and window frame production will culminate into humungous expansion of wood plastic composites industry in North America. Apart from this, escalating popularity & use of bio-based plastics in landscaping as well as street construction will sketch a profitable growth curve for wood plastic composites market in region. Massive demand for eco-friendly products in sub-continent will open new facets of growth for market in North American zone.

Wood Plastic Composites Market: Competitive Landscape

Key players impacting market growth and profiled in study are  Beologic N.V., Perth Wood Plastic Composite Co, Ltd., Louisiana Pacific Corporation, Advanced Environmental Recycling Technologies (AERT), Inc., Trex Company, Inc., TimberTech Limited, WPC-Wood Plastic A.S., Strandex Corporation, Fiberon LLC., Solvay S.A., CertaiTeed Corporation, and JELU-WERK J. Ehrler GmbH & Co. KG.  

The global Wood Plastic Composites Market is segmented as follows:

By Product

• Polyethylene
• Polypropylene
• Polyvinyl chloride

By Application

• Building & Construction
• Automotive
• Electrical   

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa