The Global Wood-Plastic Composites (WPC) Market Is Expected To Grow To $7,477.1 Million By 2023, At A CAGR Of 12.7% For 2017-2023. (1)

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The Global Wood-Plastic Composites (WPC) Market
Is Expected To Grow To 7,477.1 Million By 2023,
At A CAGR Of 12.7 For 2017-2023
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Report Description

• A mix of natural wood and plastic fiber forms
  wood-plastic composites.
• These help in reducing the overall weight of a
  vehicle, and in turn, it enhances its fuel
  efficiency.
• Wood plastic composites are a low-priced and
  eco-friendly substitute to plastic and steel
  components in construction applications.
• Hence, their demand is constantly growing in the
  market.
• The global wood-plastic composites (WPC) market
  is expected to grow to 7,477.1 million by 2023,
  at A CAGR of 12.7 for 2017-2023

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Market Insights

• The wood-plastic composites (WPC) market is
  segmented by types Polyethylene (PE),
  Polypropylene (PP), Polyvinyl Chloride (PVC) and
  others. Polyethylene based wood plastic
  composites dominate the industry.
• The building construction products segment is
  regarded to be the largest consumer of
  Polyethylene and Polyvinyl Chloride wood-plastic
  composites.
• The automotive components segment comes in next
  where wood-plastic composites are used in the
  making of lightweight automotive components.
• Based on their application, this market has been
  segmented into building construction products,
  decking, fencing, industrial consumer goods,
  automotive components, and others. Among these,
  the building and construction segment appeared as
  the largest in the global wood-plastic composites
  market.

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Market Share
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Regional study

• Asia Pacific is expected to grow significantly in
  this industry owing to the rapid development of
  construction and automotive industry.
• China is in the forefront in the consumption of
  wood-plastic composites in the Asia-Pacific
  region. Its demand is high in building
  construction and automotive components
  applications. Japan and India are followed by
  China.
• North America dominates the global wood-plastic
  composites market and the same is expected
  throughout the forecast period.
• In Germany, the demand for wood plastic
  composites in automotive industries like BMW,
  Audi, Opel, Volkswagen, etc, is high.

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Competitive Insights

• Key players in the industry include Trex Company,
  Inc., Advanced Environmental Recycling
  Technologies, Inc. (AERT), Universal Forest
  Products, Inc., Axion International, Inc.,
  Fiberon, LLC, TimberTech, TAMKO Building
  Products, Inc., Beologic N.V., CertainTeed, among
  others.

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Report Segmentation

• WOOD-PLASTIC COMPOSITES MARKET BY TYPE
• INTRODUCTION
• POLYETHYLENE
• POLYVINYLCHLORIDE
• POLYPROPYLENE
• OTHERS
• WOOD-PLASTIC COMPOSITES MARKET BY APPLICATION
• INTRODUCTION
• BUILDING CONSTRUCTION PRODUCTS
• DECKING
• MOLDING SIDING
• FENCING
• AUTOMOTIVE COMPONENTS
• INDUSTRIAL CONSUMER GOODS
• OTHERS
• REGIONAL ANALYSIS
• INTRODUCTION

• RUSSIA, INDIA CHINA EMERGING MARKETS FOR
  WOOD-PLASTIC COMPOSITES
• NORTH AMERICA
• U.S.
• CANADA
• EUROPE
• U.K
• GERMANY
• FRANCE
• SCANDINAVIA
• REST OF EUROPE
• ASIA
• CHINA
• INDIA
• JAPAN
• REST OF ASIA
• ROW
• BRAZIL
• RUSSIA
• AUSTRALIA NEW ZEALAND

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d-plastic-composites-wpc-market-forecast-2017-2023
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