+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Wood-plastic Composites Market by Type (Polyethylene, Polyvinylchloride, Propylene), Application (Building & Construction Products, Automotive Components, Industrial & Consumer Goods), & Region (North America, Europe, APAC, MEA) - Forecast to 2028

  • PDF Icon

    Report

  • 212 Pages
  • December 2023
  • Region: Global
  • Markets and Markets
  • ID: 5917834
Description Jump to:

The global wood-plastic composites market is projected to grow from USD 7.5 billion in 2023 to USD 11.9 billion by 2028, at a CAGR of 9.8% during the forecast period. Polypropylene with higher MFR fills the plastic mold more easily, during the injection or blow-molding production process. However, as the melt flow increases, some physical properties, such as impact strength, decrease. Polyethylene is classified into several different categories based mostly on density and branching. The mechanical properties of polypropylene depend significantly on variables, such as the extent and type of branching, the crystal structure, and the molecular weight.

In terms of value, automotive components application accounted for the second-largest share of the overall wood-plastic composites market

Increasing awareness about environment-friendly products is boosting the demand of wood-plastic composites from automotive industry. Automobile manufacturers are focusing on the production of biodegradable or recyclable components. Recyclable wood-plastic composites help to enhance the mechanical strength and reduces the material weight that helps to improve fuel consumption and production cost of the automobiles. Wood-plastic composites gets widely used to manufacture interior parts as they helps to improve passenger safety along with biodegradability of the components. During the forecast period, the wood-plastic composites market in Asia Pacific region is projected to register highest CAGR.

Asia Pacific is projected to be the fastest-growing region the wood-plastic composites market

The market in Asia Pacific region has been undergoing a significant transformation and growth due to the wide presence of well-established material suppliers, component and composites manufacturers, and many OEMs. The ecosystems of adjacent industries are fueling the of the growth of the wood-plastic composites market. Ongoing rapid economic growth of Asian countries, growing urbanization and industrialization, improvement in per capita income, and rising consumer spendings have raised the technological advancements, fueling the growth of the wood-plastic composites market.

This study has been validated through primary interviews with industry experts globally. These primary sources have been divided into the following three categories:

  • By Company Type: Tier 1 - 40%, Tier 2 - 33%, and Tier 3 - 27%
  • By Designation: C Level - 50%, Director Level - 30%, and Others - 20%
  • By Region: North America - 15%, Europe - 50%, Asia Pacific (APAC) - 20%, Latin America - 5%, and Middle East & Africa - 10%

The report provides a comprehensive analysis of company profiles:

Prominent companies include Trex Company, Inc., (US), MoistureShield (US), UFP Industries, Inc. (US), Fiberon (US), TimberTech (US), TAMKO Building Products LLC (US), Beologic (Belgium), FKuR Kunstsoff GmbH (Germany), JELU-WERK J. Ehrler GmbH & Co. KG (Germany), and Green Dot Bioplastics, Inc. (US)., among others.

Research Coverage

This research report categorizes the wood-plastic composites Market by Type (Polyethylene, Polyvinylchloride, Polypropylene, and Others), Application (Building & Construction Products, Automotive Components, Industrial & Consumer goods, and Others), and Region (North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America). The scope of the report includes detailed information about the major factors influencing the growth of the wood-plastic composites market, such as drivers, restraints, challenges, and opportunities. A thorough examination of the key industry players has been conducted in order to provide insights into their business overview, solutions, and services, key strategies, contracts, partnerships, and agreements. New product and service launches, mergers and acquisitions, and recent developments in the wood-plastic composites market are all covered. This report includes a competitive analysis of upcoming startups in the wood-plastic composites market ecosystem.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall wood-plastic composites market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Increasing adoption in automotive components application, recyclability, and favourable government regulations regarding the use of environmentally-friendly products), restraints (Fluctuating raw material costs, rigidity issues and impact under heavy loads), opportunities (Increasing market penetration into automotive components, High volume production of automotive components), and challenges (Dominance of carbon fiber and glass fiber into composites industry, Life-cycle improvements) influencing the growth of the wood-plastic composites market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the wood-plastic composites market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the wood-plastic composites market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the wood-plastic composites market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Trex Company, Inc., (US), MoistureShield (US), UFP Industries, Inc. (US), Fiberon (US), TimberTech (US), TAMKO Building Products LLC (US), Beologic (Belgium), FKuR Kunstsoff GmbH (Germany), JELU-WERK J. Ehrler GmbH & Co. KG (Germany), and Green Dot Bioplastics, Inc. (US). among others in the wood-plastic composites market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions and Exclusions
1.4 Market Scope
Figure 1 Wood-Plastic Composites Market Segmentation
1.4.1 Regions Covered
1.4.2 Years Considered
1.5 Currency Considered
1.6 Unit Considered
1.7 Stakeholders
1.8 Summary of Changes
1.8.1 Impact of Recession
2 Research Methodology
2.1 Research Data
Figure 2 Wood-Plastic Composites Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Interviews with Top Wood-Plastic Composite Manufacturers
2.1.2.3 Breakdown of Interviews with Experts
2.1.2.4 Key Industry Insights
2.2 Base Number Calculation
2.2.1 Approach 1: Supply-Side Analysis
2.2.2 Approach 2: Demand-Side Analysis
2.3 Market Forecast Approach
2.3.1 Supply Side
2.3.2 Demand Side
2.4 Growth Forecast
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
2.5.2 Top-Down Approach
Figure 4 Market Size Estimation: Top-Down Approach
2.6 Data Triangulation
Figure 5 Wood-Plastic Composites Market: Data Triangulation
2.7 Recession Impact
Figure 6 Major Factors Responsible for Global Recession and Their Impact on Wood-Plastic Composites Market
2.8 Research Assumptions
2.9 Research Limitations
2.10 Risk Analysis
3 Executive Summary
Figure 7 Polyethylene Dominated Wood-Plastic Composites Market in 2022
Figure 8 Building & Construction Products Segment Dominated Wood-Plastic Composites Market in 2022
Figure 9 North America Led Wood-Plastic Composites Market in 2022
4 Premium Insights
4.1 Attractive Opportunities for Players in Wood-Plastic Composites Market Size
Figure 10 Significant Growth Expected in Wood-Plastic Composites Market Between 2023 and 2028
4.2 Wood-Plastic Composites Market, by Application and Region, 2022
Figure 11 Building & Construction Application and North America Dominated Market in 2022
4.3 Wood-Plastic Composites Market, by Type
Figure 12 Polyethylene Segment Dominated Market in 2022
4.4 Wood-Plastic Composites Market Growth, by Key Country
Figure 13 China to be Fastest-Growing Market During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 14 Drivers, Restraints, Opportunities, and Challenges in Wood-Plastic Composites Market
5.2.1 Drivers
5.2.1.1 Government Regulations to Use Environmentally Friendly Products
5.2.1.2 Increasing Adoption in Automotive Industry
5.2.1.3 Recyclability
5.2.2 Restraints
5.2.2.1 Fluctuating Cost of Raw Materials
5.2.2.2 Rigidity Issues and Impact Under Heavy Load
5.2.3 Opportunities
5.2.3.1 Increasing Use in Automotive Components Segment Driven by Government Regulations to Drive Market
5.2.3.2 High-Volume Production of Automotive Components
5.2.4 Challenges
5.2.4.1 Dominance of Glass Fiber and Carbon Fiber in Composites Industry
5.2.4.2 Life-Cycle Improvement
5.3 Porter's Five Forces Analysis
Figure 15 Porter's Five Forces Analysis of Wood-Plastic Composites Market
5.3.1 Bargaining Power of Buyers
5.3.2 Bargaining Power of Suppliers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Intensity of Competitive Rivalry
Table 1 Wood-Plastic Composites Market: Impact of Porter's Five Forces
5.4 Ecosystem/Market Map
Table 2 Wood-Plastic Composites Market: Role of Companies in Ecosystem
Figure 16 Wood-Plastic Composites Market Map
5.5 Pricing Analysis
5.5.1 Average Selling Price Trend of Key Players, by Application
Figure 17 Average Selling Price Trend of Key Players, by Application (Usd/Kg)
Table 3 Average Selling Price Trend of Key Players, by Application (Usd/Kg)
5.6 Average Selling Prices, by Type
Figure 18 Average Selling Prices for Different Types (Usd/Kg)
5.6.1 Average Selling Price Trend, by Region
Table 4 Average Selling Price of Wood-Plastic Composites, by Region
5.7 Trade Data Analysis
5.7.1 Export Scenario of Wood Particles
Figure 19 Export of Wood Particles, by Key Countries (Tons)
5.7.2 Import Scenario of Carbon Fiber
Figure 20 Import of Wood Particles, by Key Countries (Tons)
5.8 Key Stakeholders and Buying Criteria
5.8.1 Key Stakeholders in Buying Process
Figure 21 Influence of Stakeholders on Buying Process for Top 3 Applications
Table 5 Influence of Stakeholders on Buying Process for Top 3 Applications
5.8.2 Buying Criteria
Figure 22 Key Buying Criteria for Top 3 Applications
Table 6 Key Buying Criteria for Top 3 Applications
5.9 Technology Analysis
Table 7 Comparative Study of Major Wood-Plastic Composite Manufacturing Processes
5.10 Supply Chain Analysis
Figure 23 Wood-Plastic Composites Market: Supply Chain Analysis
5.11 Value Chain Analysis
Figure 24 Wood-Plastic Composites Market: Value Chain Analysis
5.12 Case Study Analysis
5.13 Trends and Disruptions Impacting Customer's Business
5.14 Tariff and Regulatory Landscape
5.14.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 Rest of the World: Regulatory Bodies, Government Agencies, and Other Organizations
5.14.2 Standard Codes for Automotive Composites
Table 12 Current Standard Codes for Automotive Composites
Table 13 Current Standard Codes for Construction Composites
5.15 Patent Analysis
5.15.1 Introduction
5.15.2 Methodology
5.15.3 Document Type
Table 14 Wood-Plastic Composites Market: Global Patents
Figure 25 Global Patent Analysis, by Document Type
Figure 26 Global Patent Publication Trend Analysis: Last 10 Years
5.15.4 Insights
5.15.5 Legal Status of Patents
Figure 27 Wood-Plastic Composites Market: Legal Status of Patents
5.15.6 Jurisdiction Analysis
Figure 28 Global Jurisdiction Analysis
5.15.7 Analysis of Top Applicants
Figure 29 Univ Northeast Forestry Has Highest Number of Patents
5.15.8 Patents by Univ Northeast Forestry
5.15.9 Patents by Univ Nanjing Forestry
5.15.10 Patent Owners (Us) in Last 10 Years
5.16 Key Conferences and Events, 2023-2024
Table 15 List of Conferences & Events Related to Wood-Plastic Composites and Related Markets, 2023-2024
6 Wood-Plastic Composites Market, by Type
6.1 Introduction
Figure 30 Polyethylene Segment to Dominate Market During Forecast Period
Table 16 Wood-Plastic Composites Market, by Type, 2018-2022 (Kiloton)
Table 17 Wood-Plastic Composites Market, by Type, 2018-2022 (USD Million)
Table 18 Wood-Plastic Composites Market, by Type, 2023-2028 (Kiloton)
Table 19 Wood-Plastic Composites Market, by Type, 2023-2028 (USD Million)
6.2 Polyethylene
6.2.1 Extensive Use for High-Performance and Rough Exterior Applications to Drive Market
Figure 31 North America to Lead Polyethylene Wood-Plastic Composites Market in 2028
Table 20 Polyethylene: Wood-Plastic Composites Market, by Region, 2018-2022 (Kiloton)
Table 21 Polyethylene: Wood-Plastic Composites Market, by Region, 2018-2022 (USD Million)
Table 22 Polyethylene: Wood-Plastic Composites Market, by Region, 2023-2028 (Kiloton)
Table 23 Polyethylene: Wood-Plastic Composites Market, by Region, 2023-2028 (USD Million)
6.3 Polyvinylchloride
6.3.1 Low Maintenance Material
Figure 32 Asia-Pacific to Record Highest CAGR During Forecast Period
Table 24 Polyvinylchloride: Wood-Plastic Composites Market, by Region, 2018-2022 (Kiloton)
Table 25 Polyvinylchloride: Wood-Plastic Composites Market, by Region, 2018-2022 (USD Million)
Table 26 Polyvinylchloride: Wood-Plastic Composites Market, by Region, 2023-2028 (Kiloton)
Table 27 Polyvinylchloride: Wood-Plastic Composites Market, by Region, 2023-2028 (USD Million)
6.4 Polypropylene
6.4.1 Extensive Use in Decking, Railing, Roofing, and Siding Applications to Drive Market
Figure 33 North America to Lead Market During Forecast Period
Table 28 Polypropylene: Wood-Plastic Composites Market, by Region, 2018-2022 (Kiloton)
Table 29 Polypropylene: Wood-Plastic Composites Market, by Region, 2018-2022 (USD Million)
Table 30 Polypropylene: Wood-Plastic Composites Market, by Region, 2023-2028 (Kiloton)
Table 31 Polypropylene: Wood-Plastic Composites Market, by Region, 2023-2028 (USD Million)
6.5 Other Types
Table 32 Other Types: Wood-Plastic Composites Market, by Region, 2018-2022 (Kiloton)
Table 33 Other Types: Wood-Plastic Composites Market, by Region, 2018-2022 (USD Million)
Table 34 Other Types: Wood-Plastic Composites Market, by Region, 2023-2028 (Kiloton)
Table 35 Other Types: Wood-Plastic Composites Market, by Region, 2023-2028 (USD Million)
7 Wood-Plastic Composites Market, by Application
7.1 Introduction
Figure 34 Building & Construction Products Segment to Dominate Market During Forecast Period
Table 36 Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 37 Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 38 Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 39 Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
7.2 Building & Construction Products
7.2.1 Largest Demand from Decking Application
7.2.2 Decking
7.2.3 Molding & Siding
7.2.4 Fencing
Figure 35 North America to Dominate Building & Construction Products Segment of Wood-Plastic Composites Market in 2028
Table 40 Building & Construction Products: Wood-Plastic Composites Market, by Region, 2018-2022 (Kiloton)
Table 41 Building & Construction Products: Wood-Plastic Composites Market, by Region, 2018-2022 (USD Million)
Table 42 Building & Construction Products: Wood-Plastic Composites Market, by Region, 2023-2028 (Kiloton)
Table 43 Building & Construction Products: Wood-Plastic Composites Market, by Region, 2023-2028 (USD Million)
7.3 Automotive Components
7.3.1 Demand for Sustainable Materials in Automotive Industry to Drive Market
Figure 36 Europe to be Second-Largest Market During Forecast Period
Table 44 Automotive Components: Wood-Plastic Composites Market, by Region, 2018-2022 (Kiloton)
Table 45 Automotive Components: Wood-Plastic Composites Market, by Region, 2018-2022 (USD Million)
Table 46 Automotive Components: Wood-Plastic Composites Market, by Region, 2023-2028 (Kiloton)
Table 47 Automotive Components: Wood-Plastic Composites Market, by Region, 2023-2028 (USD Million)
7.4 Industrial & Consumer Goods
7.4.1 Rising Use for Manufacturing Furniture to Drive Market
Figure 37 North America to Lead Market During Forecast Period
Table 48 Industrial & Consumer Goods: Wood-Plastic Composites Market, by Region, 2018-2022 (Kiloton)
Table 49 Industrial & Consumer Goods: Wood-Plastic Composites Market, by Region, 2018-2022 (USD Million)
Table 50 Industrial & Consumer Goods: Wood-Plastic Composites Market, by Region, 2023-2028 (Kiloton)
Table 51 Industrial & Consumer Goods: Wood-Plastic Composites Market, by Region, 2023-2028 (USD Million)
7.5 Other Applications
Table 52 Other Applications: Wood-Plastic Composites Market, by Region, 2018-2022 (Kiloton)
Table 53 Other Applications: Wood-Plastic Composites Market, by Region, 2018-2022 (USD Million)
Table 54 Other Applications: Wood-Plastic Composites Market, by Region, 2023-2028 (Kiloton)
Table 55 Other Applications: Wood-Plastic Composites Market, by Region, 2023-2028 (USD Million)
8 Wood-Plastic Composites Market, by Region
8.1 Introduction
Figure 38 China to be Fastest-Growing Market During Forecast Period
Table 56 Wood-Plastic Composites Market, by Region, 2018-2022 (Kiloton)
Table 57 Wood-Plastic Composites Market, by Region, 2018-2022 (USD Million)
Table 58 Wood-Plastic Composites Market, by Region, 2023-2028 (Kiloton)
Table 59 Wood-Plastic Composites Market, by Region, 2023-2028 (USD Million)
8.2 North America
8.2.1 Impact of Recession on North America
Figure 39 North America: Wood-Plastic Composites Market Snapshot
8.2.2 North America: Wood-Plastic Composites Market, by Type
Table 60 North America: Wood-Plastic Composites Market, by Type, 2018-2022 (Kiloton)
Table 61 North America: Wood-Plastic Composites Market, by Type, 2018-2022 (USD Million)
Table 62 North America: Wood-Plastic Composites Market, by Type, 2023-2028 (Kiloton)
Table 63 North America: Wood-Plastic Composites Market, by Type, 2023-2028 (USD Million)
8.2.3 North America: Wood-Plastic Composites Market, by Application
Table 64 North America: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 65 North America: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 66 North America: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 67 North America: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.2.4 North America: Wood-Plastic Composites Market, by Country
Table 68 North America: Wood-Plastic Composites Market, by Country, 2018-2022 (Kiloton)
Table 69 North America: Wood-Plastic Composites Market, by Country, 2018-2022 (USD Million)
Table 70 North America: Wood-Plastic Composites Market, by Country, 2023-2028 (Kiloton)
Table 71 North America: Wood-Plastic Composites Market, by Country, 2023-2028 (USD Million)
8.2.4.1 US
8.2.4.1.1 Well-Established Wood-Plastic Composite Manufacturers to Drive Market
Table 72 US: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 73 US: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 74 US: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 75 US: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.2.4.2 Canada
8.2.4.2.1 Presence of Automotive Component Manufacturers to Drive Growth
Table 76 Canada: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 77 Canada: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 78 Canada: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 79 Canada: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.3 Europe
8.3.1 Impact of Recession on Europe
Figure 40 Europe: Wood-Plastic Composites Market Snapshot
8.3.2 Europe: Wood-Plastic Composites Market, by Type
Table 80 Europe: Wood-Plastic Composites Market, by Type, 2018-2022 (Kiloton)
Table 81 Europe: Wood-Plastic Composites Market, by Type, 2018-2022 (USD Million)
Table 82 Europe: Wood-Plastic Composites Market, by Type, 2023-2028 (Kiloton)
Table 83 Europe: Wood-Plastic Composites Market, by Type, 2023-2028 (USD Million)
8.3.3 Europe: Wood-Plastic Composites Market, by Application
Table 84 Europe: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 85 Europe: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 86 Europe: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 87 Europe: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.3.4 Europe: Wood-Plastic Composites Market, by Country
Table 88 Europe: Wood-Plastic Composites Market, by Country, 2018-2022 (Kiloton)
Table 89 Europe: Wood-Plastic Composites Market, by Country, 2018-2022 (USD Million)
Table 90 Europe: Wood-Plastic Composites Market, by Country, 2023-2028 (Kiloton)
Table 91 Europe: Wood-Plastic Composites Market, by Country, 2023-2028 (USD Million)
8.3.4.1 Germany
8.3.4.1.1 Presence of Major Oems to Drive Growth
Table 92 Germany: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 93 Germany: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 94 Germany: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 95 Germany: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.3.4.2 UK
8.3.4.2.1 High Demand from Residential Construction Projects to Drive Demand
Table 96 UK: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 97 UK: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 98 UK: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 99 UK: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.3.4.3 France
8.3.4.3.1 Rising Demand for Cfrtp from High-End Car Manufacturers to Drive Growth
Table 100 France: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 101 France: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 102 France: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 103 France: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.3.4.4 Italy
8.3.4.4.1 Wide Popularity of Wood-Plastic Composites due to Sustainable and Promising Properties to Increase Use
Table 104 Italy: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 105 Italy: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 106 Italy: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 107 Italy: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.3.4.5 Spain
8.3.4.5.1 Need for Safety and Comfort Features in Automobiles to Drive Growth
Table 108 Spain: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 109 Spain: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 110 Spain: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 111 Spain: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.3.4.6 Rest of Europe
Table 112 Rest of Europe: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 113 Rest of Europe: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 114 Rest of Europe: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 115 Rest of Europe: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.4 Asia-Pacific
8.4.1 Impact of Recession on Asia-Pacific
Figure 41 Asia-Pacific: Wood-Plastic Composites Market Snapshot
8.4.2 Asia-Pacific: Wood-Plastic Composites Market, by Type
Table 116 Asia-Pacific: Wood-Plastic Composites Market, by Type, 2018-2022 (Kiloton)
Table 117 Asia-Pacific: Wood-Plastic Composites Market, by Type, 2018-2022 (USD Million)
Table 118 Asia-Pacific: Wood-Plastic Composites Market, by Type, 2023-2028 (Kiloton)
Table 119 Asia-Pacific: Wood-Plastic Composites Market, by Type, 2023-2028 (USD Million)
8.4.3 Asia-Pacific: Wood-Plastic Composites Market, by Application
Table 120 Asia-Pacific: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 121 Asia-Pacific: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 122 Asia-Pacific: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 123 Asia-Pacific: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.4.4 Asia-Pacific: Wood-Plastic Composites Market, by Country
Table 124 Asia-Pacific: Wood-Plastic Composites Market, by Country, 2018-2022 (Kiloton)
Table 125 Asia-Pacific: Wood-Plastic Composites Market, by Country, 2018-2022 (USD Million)
Table 126 Asia-Pacific: Wood-Plastic Composites Market, by Country, 2023-2028 (Kiloton)
Table 127 Asia-Pacific: Wood-Plastic Composites Market, by Country, 2023-2028 (USD Million)
8.4.4.1 China
8.4.4.1.1 Low Cost of Manufacturing to Drive Growth
Table 128 China: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 129 China: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 130 China: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 131 China: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.4.4.2 Japan
8.4.4.2.1 High Consumption of Wood-Plastic in Automotive Industry to Drive Growth
Table 132 Japan: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 133 Japan: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 134 Japan: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 135 Japan: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.4.4.3 India
8.4.4.3.1 Rapid Urbanization and Improved Living Standards to Drive Growth
Table 136 India: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 137 India: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 138 India: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 139 India: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.4.4.4 South Korea
8.4.4.4.1 Presence of Major Automotive Companies to Drive Demand
Table 140 South Korea: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 141 South Korea: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 142 South Korea: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 143 South Korea: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.4.4.5 Australia & New Zealand
8.4.4.5.1 High Demand from Decking Market to Drive Demand
Table 144 Australia & New Zealand: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 145 Australia & New Zealand: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 146 Australia & New Zealand: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 147 Australia & New Zealand: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.4.4.6 Rest of Asia-Pacific
Table 148 Rest of Asia-Pacific: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 149 Rest of Asia-Pacific: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 150 Rest of Asia-Pacific: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 151 Rest of Asia-Pacific: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.5 Middle East & Africa
8.5.1 Impact of Recession on Middle East & Africa
8.5.2 Middle East & Africa: Wood-Plastic Composites Market, by Type
Table 152 Middle East & Africa: Wood-Plastic Composites Market, by Type, 2018-2022 (Kiloton)
Table 153 Middle East & Africa: Wood-Plastic Composites Market, by Type, 2018-2022 (USD Million)
Table 154 Middle East & Africa: Wood-Plastic Composites Market, by Type, 2023-2028 (Kiloton)
Table 155 Middle East & Africa: Wood-Plastic Composites Market, by Type, 2023-2028 (USD Million)
8.5.3 Middle East & Africa: Wood-Plastic Composites Market, by Application
Table 156 Middle East & Africa: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 157 Middle East & Africa: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 158 Middle East & Africa: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 159 Middle East & Africa: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.5.4 Middle East & Africa: Wood-Plastic Composites Market, by Country
Table 160 Middle East & Africa: Wood-Plastic Composites Market, by Country, 2018-2022 (Kiloton)
Table 161 Middle East & Africa: Wood-Plastic Composites Market, by Country, 2018-2022 (USD Million)
Table 162 Middle East & Africa: Wood-Plastic Composites Market, by Country, 2023-2028 (Kiloton)
Table 163 Middle East & Africa: Wood-Plastic Composites Market, by Country, 2023-2028 (USD Million)
8.5.4.1 Gcc Countries
8.5.4.2 UAE
8.5.4.2.1 Increasing Demand for Cars to Create Lucrative Opportunities in Market
Table 164 UAE: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 165 UAE: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 166 UAE: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 167 UAE: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.5.4.3 Saudi Arabia
8.5.4.3.1 New Policies and Investment Programs to Boost Construction Industry to Drive Market
Table 168 Saudi Arabia: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 169 Saudi Arabia: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 170 Saudi Arabia: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 171 Saudi Arabia: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.5.4.4 Rest of Gcc Countries
Table 172 Rest of Gcc Countries: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 173 Rest of Gcc Countries: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 174 Rest of Gcc Countries: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 175 Rest of Gcc Countries: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.5.4.5 South Africa
8.5.4.5.1 Rising Demand for Fuel-Efficient Automobiles to Drive Growth
Table 176 South Africa: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 177 South Africa: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 178 South Africa: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 179 South Africa: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.5.4.6 Rest of Middle East & Africa
Table 180 Rest of Middle East & Africa: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 181 Rest of Middle East & Africa: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 182 Rest of Middle East & Africa: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 183 Rest of Middle East & Africa: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.6 Latin America
8.6.1 Impact of Recession on Latin America
8.6.2 Latin America: Wood-Plastic Composites Market, by Type
Table 184 Latin America: Wood-Plastic Composites Market, by Type, 2018-2022 (Kiloton)
Table 185 Latin America: Wood-Plastic Composites Market, by Type, 2018-2022 (USD Million)
Table 186 Latin America: Wood-Plastic Composites Market, by Type, 2023-2028 (Kiloton)
Table 187 Latin America: Wood-Plastic Composites Market, by Type, 2023-2028 (USD Million)
8.6.3 Latin America: Wood-Plastic Composites Market, by Application
Table 188 Latin America: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 189 Latin America: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 190 Latin America: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 191 Latin America: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.6.4 Latin America: Wood-Plastic Composites Market, by Country
Table 192 Latin America: Wood-Plastic Composites Market, by Country, 2018-2022 (Kiloton)
Table 193 Latin America: Wood-Plastic Composites Market, by Country, 2018-2022 (USD Million)
Table 194 Latin America: Wood-Plastic Composites Market, by Country, 2023-2028 (Kiloton)
Table 195 Latin America: Wood-Plastic Composites Market, by Country, 2023-2028 (USD Million)
8.6.4.1 Brazil
8.6.4.1.1 New Regulations to Incentivize Use of Wood-Plastic Composites
Table 196 Brazil: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 197 Brazil: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 198 Brazil: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 199 Brazil: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.6.4.2 Mexico
8.6.4.2.1 Stringent Emission Norms and Rising Disposable Incomes to Drive Growth
Table 200 Mexico: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 201 Mexico: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 202 Mexico: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 203 Mexico: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
8.6.4.3 Rest of Latin America
Table 204 Rest of Latin America: Wood-Plastic Composites Market, by Application, 2018-2022 (Kiloton)
Table 205 Rest of Latin America: Wood-Plastic Composites Market, by Application, 2018-2022 (USD Million)
Table 206 Rest of Latin America: Wood-Plastic Composites Market, by Application, 2023-2028 (Kiloton)
Table 207 Rest of Latin America: Wood-Plastic Composites Market, by Application, 2023-2028 (USD Million)
9 Competitive Landscape
9.1 Introduction
9.2 Key Players’ Strategies/Right to Win
Table 208 Strategies Adopted by Wood-Plastic Composites Manufacturers
9.3 Revenue Analysis
Figure 42 Wood-Plastic Composites Market Revenue Analysis of Top 5 Market Players
9.4 Market Share Analysis
Figure 43 Shares of Top Companies in Wood-Plastic Composites Market
Table 209 Degree of Competition: Wood-Plastic Composites Market
9.5 Company Evaluation Matrix
9.5.1 Stars
9.5.2 Emerging Leaders
9.5.3 Pervasive Players
9.5.4 Participants
Figure 44 Wood-Plastic Composites Market: Company Evaluation Matrix, 2022 173
9.5.5 Company Footprint
Table 210 Company Product Footprint
Table 211 Company Application Footprint
Table 212 Product Type Footprint
Table 213 Company Region Footprint
9.6 Start-Up/Sme Evaluation Matrix
9.6.1 Progressive Companies
9.6.2 Responsive Companies
9.6.3 Dynamic Companies
9.6.4 Starting Blocks
Figure 45 Wood-Plastic Composites Market: Small and Medium-Sized Enterprises Mapping, 2022
9.6.5 Competitive Benchmarking of Key Start-Ups/Smes
Table 214 Wood-Plastic Composites Market: Key Start-Ups/Smes
Table 215 Wood-Plastic Composites Market: Competitive Benchmarking of Key Start-Ups/Smes
9.7 Competitive Scenario and Trends
9.7.1 Product Launches
Table 216 Wood-Plastic Composites Market: Product Launches/Developments, 2018-2023
Table 217 Wood-Plastic Composites Market: Deals, 2018-2023
Table 218 Wood-Plastic Composites Market: Others, 2018-2023
10 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Product Launches, Analyst's View, Right to Win, Strategic Choices, Weaknesses and Competitive Threats) *
10.1 Key Companies
10.1.1 Trex Company, Inc.
Table 219 Trex Company, Inc.: Company Overview
Figure 46 Trex Company, Inc.: Company Snapshot
Table 220 Trex Company, Inc.: Products/Solutions/Services Offered
Table 221 Trex Company, Inc.: Product Launches
10.1.2 Moistureshield
Table 222 Moistureshield: Company Overview
Table 223 Moistureshield: Products/Solutions/Services Offered
Table 224 Moistureshield: Product Launches
Table 225 Moistureshield: Deals
Table 226 Moistureshield: Others
10.1.3 Ufp Industries, Inc.
Table 227 Ufp Industries, Inc.: Company Overview
Figure 47 Ufp Industries, Inc.: Company Snapshot
Table 228 Ufp Industries, Inc.: Products/Solutions/Services Offered
Table 229 Ufp Industries, Inc.: Deals
10.1.4 Fiberon
Table 230 Fiberon LLC: Company Overview
Table 231 Fiberon: Products/Solutions/Services Offered
10.1.5 Timbertech
Table 232 Timbertech: Company Overview
Table 233 Timbertech: Products/Solutions/Services Offered
10.1.6 Tamko Building Products LLC
Table 234 Tamko Building Products LLC: Company Overview
Table 235 Tamko Building Products LLC: Products/Solutions/Services Offered
10.1.7 Beologic
Table 236 Beologic: Company Overview
Table 237 Beologic: Products/Solutions/Services Offered
10.1.8 Fkur Kunststoff GmbH
Table 238 Fkur Kunstsoff GmbH: Company Overview
Table 239 Certainteed, LLC.: Products/Solutions/Services Offered
10.1.9 Jelu-Werk J. Ehrler GmbH & Co. Kg
Table 240 Jelu-Werk J. Ehrler GmbH & Co. Kg: Company Overview
Table 241 Jelu-Werk J. Ehrler GmbH & Co. Kg: Products/Solutions/Services Offered
10.1.10 Green Dot Bioplastics, Inc.
Table 242 Green Dot Bioplastics, Inc.: Company Overview
Table 243 Green Dot Bioplastics, Inc.: Products/Solutions/Services Offered
Table 244 Green Dot Bioplastics, Inc.: Deals
Table 245 Green Dot Bioplastics, Inc.: Others
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Key Strengths, Strategic Choices, Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies.
10.2 Other Companies
10.2.1 Perth Wood-Plastic Composite Co., Ltd.
Table 246 Perth Wood-Plastic Composite Co., Ltd.: Company Overview
10.2.2 Deceuninck
Table 247 Deceuninck: Company Overview
10.2.3 Shanghai Seven Trust Industry Co., Ltd.
Table 248 Shanghai Seven Trust Industry Co., Ltd.: Company Overview
10.2.4 Guangzhou Kindwood Co., Ltd.
Table 249 Guangzhou Kindwood Co., Ltd.: Company Overview
10.2.5 Tvl Engineers Pvt., Ltd.
Table 250 Tvl Engineers Pvt. Ltd.: Company Overview
10.2.6 Oldcastle Apg a Crh Company
Table 251 Oldcastle Apg a Crh Company: Company Overview
10.2.7 Resysta International
Table 252 Resysta International: Company Overview
10.2.8 Avs Industries (Ado Woods)
Table 253 Avs Industries (Ado Woods): Company Overview
10.2.9 Sinofibers Technology Co., Ltd.
Table 254 Sinofibers Technology Co., Ltd.: Company Overview
10.2.10 Ecoste
Table 255 Ecoste: Company Overview
10.2.11 Linyi Yansen International Trade Co., Ltd.
Table 256 Linyi Yansen International Trade Co., Ltd.: Company Overview
10.2.12 Hosung Wpc Composite
Table 257 Hosung Wpc Composite: Company Overview
10.2.13 Woodalt
Table 258 Woodalt: Company Overview
10.2.14 Jkd Plastics
Table 259 Jkd Plastics: Company Overview
10.2.15 Tecnodeck
Table 260 Technodeck: Company Overview
11 Appendix
11.1 Discussion Guide
11.2 Knowledgestore: The Subscription Portal
11.3 Available Customizations
11.4 Related Report

Companies Mentioned

  • AVS Industries (Ado Woods)
  • Beologic
  • Deceuninck
  • Ecoste
  • Fiberon
  • Fkur Kunststoff GmbH
  • Green Dot Bioplastics, Inc.
  • Guangzhou Kindwood Co., Ltd.
  • Hosung Wpc Composite
  • Jelu-Werk J. Ehrler GmbH & Co. Kg
  • JKD Plastics
  • Linyi Yansen International Trade Co., Ltd.
  • Moistureshield
  • Oldcastle Apg a Crh Company
  • Perth Wood-Plastic Composite Co., Ltd.
  • Resysta International
  • Shanghai Seven Trust Industry Co., Ltd.
  • Sinofibers Technology Co., Ltd.
  • Tamko Building Products LLC
  • Tecnodeck
  • Timbertech
  • Trex Company, Inc.
  • TVL Engineers Pvt., Ltd.
  • UFP Industries, Inc.
  • Woodalt

Table Information

Report AttributeDetails
No. of Pages212
PublishedDecember 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 7.5 Billion
Forecasted Market Value ( USD ) by 2028 $ 11.9 Billion
Compound Annual Growth Rate9.8%
Regions CoveredGlobal
No. of Companies Mentioned25

Related Topics

Related Reports

Wood Plastic Composites Market Size, Share & Trends Analysis Report By Product (Polyethylene, Polypropylene), By Application (Automotive Components), By Region, And Segment Forecasts, 2024 - 2030 - Product Image

Wood Plastic Composites Market Size, Share & Trends Analysis Report By Product (Polyethylene, Polypropylene), By Application (Automotive Components), By Region, And Segment Forecasts, 2024 - 2030

  • Report
  • 198 Pages
  • Global
From
Wood Plastic Composites Market by Product, Manufacturing Process, Application - Global Forecast 2025-2030 - Product Image

Wood Plastic Composites Market by Product, Manufacturing Process, Application - Global Forecast 2025-2030

  • Report
  • 182 Pages
  • Global
From
Wood Plastic Composite Global Market Report 2024 - Product Image

Wood Plastic Composite Global Market Report 2024

  • Report
  • 200 Pages
  • Global
From
Wood-Plastic Composites Market: A Global and Regional Analysis, 2023-2033 - Product Image

Wood-Plastic Composites Market: A Global and Regional Analysis, 2023-2033

  • Report
  • 156 Pages
  • Global
From
Wood Plastic Composite Floorings Global Market Report 2024 - Product Image

Wood Plastic Composite Floorings Global Market Report 2024

  • Report
  • 175 Pages
  • Global
From

About the Wood Plastic Composite Market

Wood Plastic Composite (WPC) is a composite material made of wood fibers and thermoplastics. It is a sustainable, cost-effective and durable alternative to traditional wood products. WPC is used in a variety of applications, including outdoor decking, fencing, siding, and furniture. It is also used in automotive and construction applications. WPC is a popular choice for its low maintenance requirements and its ability to resist moisture, rot, and insects. WPC is a rapidly growing market, with increasing demand from both residential and commercial sectors. The market is driven by the need for sustainable and durable materials, as well as the increasing cost of traditional wood products. WPC is also becoming increasingly popular due to its low maintenance requirements and its ability to be customized to meet specific design requirements. Some companies in the WPC market include Trex, Fiberon, CertainTeed, and Advanced Environmental Recycling Technologies (AERT). Show Less Read more

Copyright © 2002-2024 Research and Markets. All Rights Reserved.