Market by Type, Application, and Country | Forecast 2022-2028
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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VIEW REPORT1. 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
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)
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)