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Wood Plastic Composites - Global Strategic Business Report

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    Report

  • 467 Pages
  • November 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5141477
The global market for Wood Plastic Composites is estimated at US$6.1 Billion in 2023 and is projected to reach US$12.6 Billion by 2030, growing at a CAGR of 10.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the wood plastic composites market is driven by several factors. The increasing demand for sustainable and low-maintenance building materials is a primary driver, as WPCs offer both environmental benefits and superior durability. Technological advancements in production and material formulations are enhancing the performance and cost-effectiveness of WPCs, making them more competitive with traditional materials.

The expansion of the construction and automotive industries, particularly in emerging economies, is also boosting demand for WPCs. Additionally, regulatory support for sustainable construction practices and the use of recycled materials is encouraging the adoption of WPCs. These factors collectively ensure the sustained growth and innovation in the wood plastic composites market.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Polyethylene-based Wood Plastic Composites segment, which is expected to reach US$8.1 Billion by 2030 with a CAGR of a 11.7%. The Polypropylene-based Wood Plastic Composites segment is also set to grow at 10.5% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $1.6 Billion in 2023, and China, forecasted to grow at an impressive 15.6% CAGR to reach $2.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Wood Plastic Composites Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Wood Plastic Composites Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Wood Plastic Composites Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as AIMPLAS Instituto Tecnológico del Plástico, AXION STRUCTURAL INNOVATIONS LLC, CertainTeed Corporation, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 123 Featured):

  • AIMPLAS Instituto Tecnológico del Plástico
  • AXION STRUCTURAL INNOVATIONS LLC
  • CertainTeed Corporation
  • Dow
  • Fiberon LLC
  • FKuR Kunststoff GmbH
  • JELU-WERK J. Ehrler GmbH & Co. KG
  • NewTechWood Company Limited
  • Oldcastle APG, Inc.
  • Renolit SE
  • TimberTech by AZEK Building Products
  • Trex Company, Inc.
  • UFP Industries, Inc.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • An Introduction to Wood Plastic Composites (WPC)
  • Development of WPCs: A Historical Perspective
  • Manufacturing Wood Composite Plastics
  • Raw Materials for Making WPC
  • Major Applications of WPCs
  • Global Economic Update
  • Global Market Outlook
  • Polyethylene: The Widely Used Material
  • Building & Construction Dominates the WPC Market
  • Developed Regions Lead WPC Market
  • Competition
  • Wood Plastic Composites - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Wood Plastic Composites Market: Trends Creating Ideal Roadmap for Tomorrow
  • Versatile Nature of WPCs Benefits Market Growth
  • Building & Construction Application to Spur Demand for Wood Plastic Composites
  • Trends in the Construction Industry Influence Market Uptake
  • Increased Activities of Remodeling and Renovation to Propel the Growth
  • Global Remodeling Market (in US$ Trillion) for the Years 2017, 2019, 2021, 2023 and 2025
  • Rising Lumber Prices Increases Popularity of Wood Composite Decking
  • Composite Decking as a Good Alternative to Wooden Decks
  • Home Improvement Projects & Interest in DIY Stimulate Composite Decking Demand amid COVID-19
  • Serious Efforts by Composite Vendors to Push Share
  • Technological Advancements Augment Functional and Design Attributes
  • Consumer Focus on Eco-Friendly Fencing Options Propel Demand for WPC Fencing Products
  • Plastic Fencing Market by Material (in %) for 2023
  • Rapid Urbanization and Focus on Environmental Conservation Provides Opportunities for WPCs Market
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, and 2100
  • World Urban Population in Million: 1950-2050P
  • Wood Plastic Composites (WPC) Emerge as Ideal Green Building Materials
  • Shift towards Green Buildings Presents Opportunities for WPCs Market: Global Green Buildings Market (in US$ Billion) for the Years 2020, 2022, 2024 and 2026
  • Furniture Industry Holds Promise for Wood Plastic Composite Materials
  • Wood Plastic Composite Floorings Market: A Glance at Drivers Setting Perfect Stage for Expansion
  • Rising Emphasis on Using Recyclable Materials in Automotive Industry Bodes Well for the Market
  • Global Automotive Market: % YoY Growth for the Years 2015-2022
  • Innovations in Wood-Based Composites: Promoting Sustainable Future
  • Advancements in Wood Composites: A Review
  • New Wood Plastic Composite (WPC) Material Holds Promise
  • Researchers Improve WPCs with Graphene
  • Manufacturing of Lightweight Wood Plastic Composites
  • Challenges of Using Fiber Supplements
  • Environmental Impact of Recycled Plastic Usage in WPC
  • Implementation of Fire Retardants in WPC
  • Particle Size Plays a Vital Role in Wood Plastic Composites
  • Processing Factors Influencing Wood-Plastic Composites
  • Potential Role of Additives in Wood Plastic Composites
  • Challenges for WPCs along the Wood Cycle and Supply Chain
  • A Glance at Additives in Wood Plastic Composites
  • Challenges Facing WPC Market
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Polyethylene by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Polyethylene by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 3: World 16-Year Perspective for Polyethylene by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Polypropylene by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Polypropylene by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 6: World 16-Year Perspective for Polypropylene by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Polyvinylchloride by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Polyvinylchloride by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 9: World 16-Year Perspective for Polyvinylchloride by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 12: World 16-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Building & Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Building & Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 15: World 16-Year Perspective for Building & Construction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Automotive Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Automotive Components by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 18: World 16-Year Perspective for Automotive Components by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Industrial & Consumer Goods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Industrial & Consumer Goods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 21: World 16-Year Perspective for Industrial & Consumer Goods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 24: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 25: World Wood Plastic Composites Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Wood Plastic Composites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Wood Plastic Composites by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 28: World 16-Year Perspective for Wood Plastic Composites by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Wood Plastic Composites Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADAJAPAN
CHINA
  • Wood Plastic Composites Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Wood Plastic Composites Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Wood Plastic Composites Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
INDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTAFRICAIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • AIMPLAS Instituto Tecnológico del Plástico
  • AXION STRUCTURAL INNOVATIONS LLC
  • CertainTeed Corporation
  • Dow
  • Fiberon LLC
  • FKuR Kunststoff GmbH
  • JELU-WERK J. Ehrler GmbH & Co. KG
  • NewTechWood Company Limited
  • Oldcastle APG, Inc.
  • Renolit SE
  • TimberTech by AZEK Building Products
  • Trex Company, Inc.
  • UFP Industries, Inc.

Table Information