Wood plastic composite Market Size to reach $7 million tons by 2025 - PowerPoint PPT Presentation

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Wood plastic composite Market Size to reach $7 million tons by 2025

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Wood Plastic Composite Market by Type, Application and by Region (North America, Europe, Asia Pacific, Middle East and Africa and South America), Global Forecasts 2020 to 2025 – PowerPoint PPT presentation

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Title: Wood plastic composite Market Size to reach $7 million tons by 2025


1
Wood Plastic Composite Market
  • by Type (Polyethylene, Polyvinylchloride,
    Polypropylene, Others), Application (Automotive,
    Building and Construction, Industrial and
    Consumer Goods, Others) and Region, Global
    Forecasts 2020 to 2025

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2
Global Wood Plastic Composite Market Size and
Share-Global Forecast to 2025
  • The global wood plastic composites market is
    projected to reach more than 7 million tons by
    2025. Wood plastic composites (WPC) are compounds
    comprising recycled plastic and wood wastes with
    beneficial features such as reduced melting
    temperature resulting in lower energy costs for
    producers and further reducing the products
    environmental impact.
  • However, higher costs for raw materials and
    mechanical strength and/or weight problems hamper
    their ability for various structural
    applications. On the other hand, the increased
    use of biodegradable raw materials in the global
    WPC industry is expected to generate
    opportunities.
  • Based on type, the global WPC market is segmented
    into Polyethylene, Polyvinylchloride,
    Polypropylene, others. Among this, Polyethylene
    is projected to dominate the market owing to its
    better properties. Moreover, the rising demand
    for polyethylene composites in the automotive
    industry owing to its low cost, high stiffness,
    and biodegradability is expected to further
    propel market growth over the coming years.
  • The procedure requires complex equipment and
    qualified workers hence increasing the overall
    cost of the product. In addition, a growing
    market for environmentally friendly low
    maintenance and high-performance products is
    anticipated in the next five years to raise
    global demand for wood-plastic composites. In
    terms of application, the global market is
    divided into Automotive, Building and
    Construction, Industrial and Consumer Goods,
    Others.

3
Global Wood Plastic Composite Market Size and
Share-Global Forecast to 2025
  • In terms of type the global wood plastic
    composite market is categorized into
    Polyethylene, Polyvinylchloride, Polypropylene,
    Others. Polyethylene holds the major market
    revenue as well as volume share in the year 2019
    and is projected to show similar trend over the
    forecast period. However, fluctuating raw
    material prices is the key factor hindering the
    growth of this market.
  • In terms of application, the global WPC market is
    segmented into Automotive, Building and
    Construction, Industrial and Consumer Goods,
    Others. Currently, building and construction
    holds the major market share across the global
    WPC market and is projected to show similar trend
    over the forecast period followed by automotive,
    industrial goods and others.
  • The global market of wood plastic composites is
    also segmented into various geographies such as
    North America, Europe, Asia Pacific, Middle East
    Africa, and Central South America. North
    America accounted for a major market revenue
    share. Due to the growing application reach of
    the wood plastic composite, demand is expected to
    rise considerably over the next six years in the
    US. Market players have adopted merger as their
    key strategy to widen their brand portfolios and
    expand their market reach.
  • Key players include Trex Company, Inc., Axion
    Structural Innovations LLC, Beologic N.V.,
    Oldcastle Architectural Inc., CertainTeed
    Corporation, Fiberon, LLC, Fkur Kunststoff GmbH,
    Guangzhou Kindwood Co. Ltd., Jelu-Werk Josef
    Ehrler GmbH Co. KG, Woodmass, PolyPlank AB,
    Renolit, TAMKO Building Products, Inc

4
Global Wood Plastic Composite Market Size and
Share-Global Forecast to 2025
  • Key segments across Wood plastic composite market
  • Type Overview, 2018-2025, (USD Billion) (Million
    Tons)
  • Polyethylene
  • Polyvinylchloride
  • Polypropylene
  • Others
  • Applications Overview, 2018-2025, (USD Billion)
    (Million Tons)
  • Automotive
  • Building and Construction
  • Industrial and Consumer Goods
  • Others
  • Regional Overview, 2018-2025, (USD Billion)
    (Million Tons)
  • North America
  • Europe
  • Asia Pacific
  • Central South America
  • Middle East Africa

5
About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
    markets size, key trends, participants and
    future outlook of an industry. We intend to
    become our clients knowledge partner and provide
    them with valuable market insights to help create
    opportunities that increase their revenues. We
    follow a code Explore, Learn and Transform. At
    our core, we are curious people who love to
    identify and understand industry patterns, create
    an insightful study around our findings and churn
    out money-making roadmaps. Our analysts have
    tracked high growth markets in chemicals
    materials, healthcare pharmaceuticals,
    semiconductor electronics, energy power, food
    retail, consumer goods, technology, and
    machinery equipment sectors across the world to
    identify new opportunities, potential customers,
    prepare go-to-market (GTM) strategies, identify
    segments for revenue growth for companies, and
    many more.
  • US Headquarters 3131 McKinney Ave Ste 600
    Dallas, TX 75204 ,U.S.A 
  • Phone 1 (214) 884-6068
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