NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET 2022-2028

Chemicals & Materials | Specialty Chemicals

NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET 2022-2028

Market by Type, Application, and Country | Forecast 2022-2028

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Triton’s report infers that the North America wood plastic composites market is forecasted to grow at a CAGR of 8.51% and 7.07% in terms of revenue and volume, individually, during the projected period 2022-2028.


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The countries studied in this market are:

•        United States

•        Canada

North America dominates the wood plastic composites market. This growth is attributed to the rising population base, urbanization, and increased consumer preference for wood plastic composites products. The major wood plastic composites manufacturers in the region are Fiberon LLC, Axion International, and TimberTech. Wood plastic composites constitute the new material growth that has observed a rapid growth over the past few years. The region is among the leading hubs of modern technology, which has attracted several global players to set up manufacturing units in the United States and Canada. These factors are thus expected to widen the scope of the wood plastic composites market over the forthcoming years.

In the United States, the composites prepared from recycled plastics and waste products are replacing natural wood as they tend to last longer, offering higher shelf life. A significant amount of wood plastic composites is used for decking, followed by molding and automotive applications. The rise in residential construction and repair expenditures are anticipated to drive the country’s demand for wood plastic composites. Additionally, technological advancements that help enhance the durability of wood plastic composites are projected to support the wood plastic composites market’s growth in the next few years.

Axion International Inc is among the major players in the wood plastic composites market. The company is engaged in the development of composite rail ties, construction mat, structural composite, and piling, among others. Its primary revenue is generated through North America. Major competitors of the company include Trex Company Inc and TimberTech. Axion serves various end-user industries, with headquarters in Ohio, the United States. 

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Table of Content

1. NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1. POLYPROPYLENE IS A RAPIDLY GROWING WOOD PLASTIC COMPOSITE TYPE

2.2.2. BUILDING & CONSTRUCTION PRODUCTS MAJORLY USE WOOD PLASTIC COMPOSITES

2.2.3. IMPROVEMENT IN PRODUCTION TECHNIQUE

2.2.4. ADVANTAGE OF RECYCLABLE RAW MATERIALS

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS

2.3.5. INTENSITY OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. IMPACT OF COVID-19 ON THE MARKET     

2.7. KEY MARKET STRATEGIES    

2.7.1. CONTRACTS & PARTNERSHIPS          

2.7.2. BUSINESS EXPANSIONS & DIVESTITURES  

2.7.3. NEW PRODUCT LAUNCHES

2.8. MARKET DRIVERS

2.8.1. RISING DEMAND FROM THE BUILDING AND CONSTRUCTION INDUSTRY

2.8.2. RISE IN DEMAND FOR RECYCLABLE MATERIALS IN THE AUTOMOTIVE INDUSTRY

2.8.3. BAN ON ARSENIC TOXINS, CHROMIUM, AND TOXINS COPPER

2.9. MARKET CHALLENGES

2.9.1. PERFORMANCE LIMITATIONS

2.9.2. SUSCEPTIBILITY TO STRUGGLE UNDER HEAVY LOAD

2.9.3. LOWERING WEIGHT OF WPC PRODUCTS

2.10. MARKET OPPORTUNITIES

2.10.1. ENVIRONMENTAL CONCERNS 

2.10.2. RISE IN DEMAND FOR PVC-CAPPED DECKING PRODUCTS

3. NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET OUTLOOK - BY TYPE

3.1. POLYETHYLENE (PE)

3.2. POLYVINYL CHLORIDE (PVC)

3.3. POLYPROPYLENE (PP)

3.4. OTHER TYPES

4. NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET OUTLOOK - BY APPLICATION

4.1. BUILDING & CONSTRUCTION PRODUCTS

4.2. AUTOMOTIVE COMPONENTS

4.3. INDUSTRIAL & CONSUMER GOODS

4.4. OTHER APPLICATIONS

5. WOOD PLASTIC COMPOSITES MARKET – NORTH AMERICA

5.1. COUNTRY ANALYSIS

5.1.1. UNITED STATES

5.1.2. CANADA

6. COMPETITIVE LANDSCAPE

6.1. MOISTURESHIELD

6.2. AXION INTERNATIONAL INC

6.3. BEOLOGIC NV

6.4. CERTAINTEED CORPORATION

6.5. FIBERON LLC

6.6. FKUR KUNSTSTOFF GMBH

6.7. JELU WERK JOSEF EHRLER GMBH AND CO KG

6.8. POLYPLANK AB

6.9. TAMKO BUILDING PRODUCTS INC

6.10. TIMBERTECH LIMITED

6.11. TREX COMPANY INC

6.12. UNIVERSAL FOREST PRODUCTS INC

6.13. UPM

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.1.1. OBJECTIVES OF STUDY

7.1.2. SCOPE OF STUDY

7.2. SOURCES OF DATA

7.2.1. PRIMARY DATA SOURCES

7.2.2. SECONDARY DATA SOURCES

7.3. RESEARCH METHODOLOGY

7.3.1. EVALUATION OF PROPOSED MARKET

7.3.2. IDENTIFICATION OF DATA SOURCES

7.3.3. ASSESSMENT OF MARKET DETERMINANTS

7.3.4. DATA COLLECTION

7.3.5. DATA VALIDATION & ANALYSIS

List of Tables

TABLE 1: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD        

TABLE 3: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN $ MILLION)         

TABLE 4: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN KILOTON)

TABLE 5: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)     

TABLE 6: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN KILOTON)       

TABLE 7: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION) 

TABLE 8: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN KILOTON)    

List of Figures

FIGURE 1: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2021 & 2028 (IN %)

FIGURE 2: NORTH AMERICA POLYPROPYLENE MARKET, 2022-2028 (IN $ MILLION)  

FIGURE 3: NORTH AMERICA BUILDING & CONSTRUCTION MARKET, 2022-2028 (IN $ MILLION)

FIGURE 4: PORTER’S FIVE FORCES ANALYSIS     

FIGURE 5: MARKET ATTRACTIVENESS INDEX      

FIGURE 6: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY POLYETHYLENE (PE), 2022-2028 (IN $ MILLION)        

FIGURE 7: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY POLYVINYL CHLORIDE (PVC), 2022-2028 (IN $ MILLION)     

FIGURE 8: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY POLYPROPYLENE (PP), 2022-2028 (IN $ MILLION)     

FIGURE 9: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY OTHER TYPES, 2022-2028 (IN $ MILLION)         

FIGURE 10: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY BUILDING & CONSTRUCTION PRODUCTS, 2022-2028 (IN $ MILLION)         

FIGURE 11: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY AUTOMOTIVE COMPONENTS, 2022-2028 (IN $ MILLION)     

FIGURE 12: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY INDUSTRIAL & CONSUMER GOODS, 2022-2028 (IN $ MILLION)     

FIGURE 13: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)     

FIGURE 14: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)   

FIGURE 15: UNITED STATES WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)

FIGURE 16: CANADA WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)       

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