NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET 2020-2028

Chemicals & Materials | Specialty Chemicals

NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET 2020-2028

Market By Type, Application And Geography | Forecast 2020-2028

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Triton Market Research, in its report on the wood plastic composites market in North America, has concluded that it would grow at CAGR of 9.09% and 7.90% with respet to revenue and volume in the estimated years between 2020 and 2028.

The countries evaluated in the North American wood plastic composites market are:

           Canada

           The United States



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The US is the major contributor to the wood plastic composites market in the North American region. These materials are prepared from biodegradable materials like grocery bags, stretch film and wood scraps from mills, and are marketed as an environmentally-friendly building component in the country. With the rise in the application of WPC materials, increasing demand for this material is expected in the forthcoming years, thereby surging the market growth.

Thermoplastics, wood and a few additives such as pigments are used in the production of wood plastic composites. The polymers utilized in these materials are generally produced from high-volume and low-cost thermoplastics, including polyethylene, polypropylene, and polyvinyl chloride. The ever-increasing demand from application sectors is likely to influence the growth of the WPC market in Canada positively. The wood plastic composites market finds its applications in the production of composite deck board and railing systems in North America. These materials are increasingly manufactured with virgin polymers using, polypropylene, HDPE, polystyrene and vinyl. The increasing applications of WPC materials are anticipated to increase the demand for the material in the coming years, thereby proliferating the market growth in the region.

Established in 1997, TimberTech is a leading developer of low maintenance PVC decking and railing products. The company is also engaged in the manufacturing process of different products, including PVC decking, railing, lighting, dry spaces, fasteners, trim & accessories, and gates. It is headquartered at Illinois, the US and has business operations majorly in Canada and the US.

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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 THE RAPIDLY GROWING WOOD PLASTIC COMPOSITE TYPE IN THE MARKET

2.2.2.   BUILDING & CONSTRUCTION PRODUCTS ARE THE MAJOR USERS OF THE WOOD PLASTIC COMPOSITES

2.2.3.   IMPROVEMENT IN PRODUCTION TECHNIQUE

2.2.4.   ADVANTAGE OF RECYCLABLE RAW MATERIALS

2.3. PORTER’S FIVE FORCE ANALYSIS

2.3.1.   THREAT OF NEW ENTRANTS

2.3.2.   THREAT OF SUBSTITUTE

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. MARKET DRIVERS

2.6.1.   RISING DEMAND BY BUILDING AND CONSTRUCTION INDUSTRY

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

2.6.3.   BAN ON THE ARSENIC TOXINS, CHROMIUM AND COPPER TOXINS

2.7. MARKET RESTRAINTS

2.7.1.   PERFORMANCE LIMITATIONS

2.7.2.   SUSCEPTIBLE TO STRUGGLE UNDER HEAVY LOAD

2.7.3.   LOWERING THE WEIGHT OF WPC PRODUCTS

2.8. MARKET OPPORTUNITIES

2.8.1.   CONCERN RELATED TO ENVIRONMENT

2.8.2.   RISE IN THE DEMAND FOR PVC-CAPPED DECKING PRODUCTS

2.9. MARKET CHALLENGES

2.9.1.   LESS DEMAND FOR RECYCLATES IN PRODUCTS

3.    WOOD PLASTIC COMPOSITES MARKET OUTLOOK - BY TYPE

3.1. POLYETHYLENE (PE)

3.2. POLYVINYLCHLORIDE (PVC)

3.3. POLYPROPYLENE (PP)

3.4. OTHER TYPES

4.    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. UNITED STATES

5.2. CANADA

6.    COMPETITIVE LANDSCAPE

6.1. MOSITURESHIELD (FORMERLY ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES INC (AERT)) (ACQUIRED BY OLDCASTLE ARCHITECTURAL)

6.2. AXION INTERNATIONAL INC (AXION STRUCTURAL INNOVATIONS LLC)

6.3. BEOLOGIC

6.4. CERTAINTEED

6.5. FIBERON (ACQUIRED BY FORTUNE BRANDS HOME & SECURITY INC)

6.6. FKUR KUNSTSTOFF GMBH

6.7. JELU-WERK JOSEF EHRLER GMBH & CO KG

6.8. POLYPLANK AB

6.9. TAMKO BUILDING PRODUCTS LLC

6.10. TIMBERTECH LIMITED

6.11.  TREX COMPANY INC

6.12.  UNIVERSAL FOREST PRODUCTS INC (UPF INDUSTRIES 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 table

TABLE 1: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)

TABLE 2: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2020-2028 (IN KILOTON)

TABLE 3: VENDOR SCORECARD        

TABLE 4: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2020-2028 (IN $ MILLION)   

TABLE 5: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2020-2028 (IN KILOTON)     

TABLE 6: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2020-2028 (IN $ MILLION)          

TABLE 7: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2020-2028 (IN KILOTON)

TABLE 8: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)          

TABLE 9: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2020-2028 (IN KILOTON)

List of Figures

FIGURE 1: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2019 & 2028 (IN %)

FIGURE 2: NORTH AMERICA POLYPROPYLENE MARKET, 2020-2028 (IN $ MILLION)         

FIGURE 3: NORTH AMERICA BUILDING & CONSTRUCTION MARKET, 2020-2028 (IN $ MILLION)      

FIGURE 4: PORTER’S FIVE FORCE ANALYSIS        

FIGURE 5: MARKET ATTRACTIVENESS INDEX       

FIGURE 6: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY POLYETHYLENE (PE), 2020-2028 (IN $ MILLION)  

FIGURE 7: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY POLYVINYLCHLORIDE (PVC), 2020-2028 (IN $ MILLION)   

FIGURE 8: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY POLYPROPYLENE (PP), 2020-2028 (IN $ MILLION)  

FIGURE 9: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY OTHER TYPES, 2020-2028 (IN $ MILLION)

FIGURE 10: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY BUILDING & CONSTRUCTION PRODUCTS, 2020-2028 (IN $ MILLION)  

FIGURE 11: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY AUTOMOTIVE COMPONENTS, 2020-2028 (IN $ MILLION)     

FIGURE 12: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY INDUSTRIAL & CONSUMER GOODS, 2020-2028 (IN $ MILLION)      

FIGURE 13: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY OTHER APPLICATIONS, 2020-2028 (IN $ MILLION)     

FIGURE 14: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)  

FIGURE 15: UNITED STATES WOOD PLASTIC COMPOSITES MARKET, 2020-2028 (IN $ MILLION)      

FIGURE 16: CANADA WOOD PLASTIC COMPOSITES MARKET, 2020-2028 (IN $ MILLION) 

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