Market by Type, Application, and Geography | Forecast 2022-2028
Triton Market Research’s report states that the global wood plastic composites market is expected to display an upward trend, growing at a CAGR of 9.16% in terms of revenue and 7.72% in volume over the forecast period of 2022 to 2028. In 2021, the market attained revenue worth $4022.70 million and is anticipated to reap $7250.35 million by 2028.
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Wood plastic composites are derived by combining wood fibers or wood
flour with a thermoplastic comprising polyvinyl chloride (PVC), polypropylene
(PP), and polyethylene (PE). Some additives, such as blowing agents,
lubricants, and pigments, are also added, which are processed to produce wood
plastic composites. Additives help provide physical and mechanical properties
to the polymer matrix. Wood plastic composites find their application in
automotive components, industrial & consumer goods, building &
construction products, and other applications.
Within this report from Triton on the wood plastic composites market,
market definition and the key insights regarding the industry are discussed.
Also, the market attractiveness matrix, vendor scorecard, and Porter’s five
forces analysis are studied for the market.
Factors like rising demand from the building and construction industry,
rise in demand for recyclable materials in the automotive industry, and ban on
arsenic toxins, chromium, and toxins copper, are driving the market’s growth.
However, the market faces restraints like performance limitations,
susceptibility to struggle under heavy load, and lowering the weight of wood
plastic composite products.
Key opportunities like environmental concerns and a rise in the demand for PVC-capped decking products can be leveraged by the market to attain its projected growth.
Key geographies
covered in the global wood plastic composites market are:
• North America: United States and Canada
• Europe:
United Kingdom, Germany, France, Italy, Spain, Russia, and Rest of Europe
• Asia-Pacific:
China, Japan, India, South Korea, ASEAN countries, Australia & New Zealand,
and Rest of Asia-Pacific
• Latin America: Brazil, Mexico, and Rest of Latin America
• Middle East and Africa: United Arab Emirates, Turkey, Saudi Arabia, South Africa, and
Rest of Middle East and Africa.
The wood plastic composites
market is segmented into:
• Market
by Type:
o Polyethylene
(PE)
o Polyvinyl Chloride (PVC)
o Polypropylene
(PP)
o Other
Types
• Market
by Application:
o Building
& Construction Products
o Automotive
Components
o Industrial
& Consumer Goods
o Other
Applications
The major companies profiled in the wood plastic composites market
include Beologic NV, Fiberon LLC, Jelu Werk Josef Ehrler GmbH and Co KG, Trex
Company Inc, Polyplank AB, Moistureshield, Tamko Building Products Inc, UPM,
Timbertech Limited, Fkur Kunststoff GmbH, Axion International Inc, Universal
Forest Products Inc, and Certainteed Corporation.
Market Segmented By Type, Appl ..
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VIEW REPORT1. GLOBAL
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 WOOD PLASTICS COMPOSITES 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. GLOBAL
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. GLOBAL
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. GLOBAL
WOOD PLASTIC COMPOSITES MARKET – REGIONAL OUTLOOK
5.1. NORTH
AMERICA
5.1.1. MARKET
BY TYPE
5.1.2. MARKET
BY APPLICATION
5.1.3. COUNTRY
ANALYSIS
5.1.3.1. UNITED
STATES
5.1.3.2. CANADA
5.2. EUROPE
5.2.1. MARKET
BY TYPE
5.2.2. MARKET
BY APPLICATION
5.2.3. COUNTRY
ANALYSIS
5.2.3.1. UNITED
KINGDOM
5.2.3.2. GERMANY
5.2.3.3. FRANCE
5.2.3.4. SPAIN
5.2.3.5. ITALY
5.2.3.6. RUSSIA
5.2.3.7. REST
OF EUROPE
5.3. ASIA-PACIFIC
5.3.1. MARKET
BY TYPE
5.3.2. MARKET
BY APPLICATION
5.3.3. COUNTRY
ANALYSIS
5.3.3.1. CHINA
5.3.3.2. JAPAN
5.3.3.3. INDIA
5.3.3.4. SOUTH
KOREA
5.3.3.5. ASEAN
COUNTRIES
5.3.3.6. AUSTRALIA
& NEW ZEALAND
5.3.3.7. REST
OF ASIA-PACIFIC
5.4. LATIN
AMERICA
5.4.1. MARKET
BY TYPE
5.4.2. MARKET
BY APPLICATION
5.4.3. COUNTRY
ANALYSIS
5.4.3.1. BRAZIL
5.4.3.2. MEXICO
5.4.3.3. REST
OF LATIN AMERICA
5.5. MIDDLE
EAST AND AFRICA
5.5.1. MARKET
BY TYPE
5.5.2. MARKET
BY APPLICATION
5.5.3. COUNTRY
ANALYSIS
5.5.3.1. UNITED
ARAB EMIRATES
5.5.3.2. TURKEY
5.5.3.3. SAUDI
ARABIA
5.5.3.4. SOUTH
AFRICA
5.5.3.5. REST
OF MIDDLE EAST & AFRICA
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: GLOBAL WOOD PLASTIC
COMPOSITES MARKET, BY GEOGRAPHY, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: GLOBAL WOOD PLASTIC
COMPOSITES MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 4: GLOBAL WOOD PLASTIC
COMPOSITES MARKET, BY TYPE, 2022-2028 (IN KILOTON)
TABLE 5: GLOBAL WOOD PLASTIC
COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 6: GLOBAL WOOD PLASTIC
COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN KILOTON)
TABLE 7: GLOBAL WOOD PLASTIC
COMPOSITES MARKET, BY GEOGRAPHY, 2022-2028 (IN $ MILLION)
TABLE 8: GLOBAL WOOD PLASTIC
COMPOSITES MARKET, BY GEOGRAPHY, 2022-2028 (IN KILOTON)
TABLE 9: NORTH AMERICA WOOD
PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA WOOD
PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN KILOTON)
TABLE 11: NORTH AMERICA WOOD
PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 12: NORTH AMERICA WOOD
PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN KILOTON)
TABLE 13: NORTH AMERICA WOOD
PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 14: NORTH AMERICA WOOD
PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN KILOTON)
TABLE 15: EUROPE WOOD PLASTIC
COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 16: EUROPE WOOD PLASTIC
COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN KILOTON)
TABLE 17: EUROPE WOOD PLASTIC
COMPOSITES MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 18: EUROPE WOOD PLASTIC
COMPOSITES MARKET, BY TYPE, 2022-2028 (IN KILOTON)
TABLE 19: EUROPE WOOD PLASTIC
COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 20: EUROPE WOOD PLASTIC
COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN KILOTON)
TABLE 21: ASIA-PACIFIC WOOD
PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 22: ASIA-PACIFIC WOOD
PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN KILOTON)
TABLE 23: ASIA-PACIFIC WOOD
PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 24: ASIA-PACIFIC WOOD
PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN KILOTON)
TABLE 25: ASIA-PACIFIC WOOD
PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 26: ASIA-PACIFIC WOOD
PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN KILOTON)
TABLE 27: LATIN AMERICA WOOD
PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 28: LATIN AMERICA WOOD
PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN KILOTON)
TABLE 29: LATIN AMERICA WOOD
PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 30: LATIN AMERICA WOOD
PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN KILOTON)
TABLE 31: LATIN AMERICA WOOD
PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 32: LATIN AMERICA WOOD
PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN KILOTON)
TABLE 33: MIDDLE EAST AND
AFRICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 34: MIDDLE EAST AND
AFRICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN KILOTON)
TABLE 35: MIDDLE EAST AND
AFRICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 36: MIDDLE EAST AND
AFRICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN KILOTON)
TABLE 37: MIDDLE EAST AND
AFRICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 38: MIDDLE EAST AND
AFRICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN KILOTON)
FIGURE 1: GLOBAL WOOD PLASTIC
COMPOSITES MARKET, BY APPLICATION, 2021 & 2028 (IN %)
FIGURE 2: GLOBAL POLYPROPYLENE
MARKET, 2022-2028 (IN $ MILLION)
FIGURE 3: GLOBAL BUILDING
& CONSTRUCTION MARKET, 2022-2028 (IN $ MILLION)
FIGURE 4: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 5: MARKET ATTRACTIVENESS
INDEX
FIGURE 6: GLOBAL WOOD PLASTIC
COMPOSITES MARKET, BY POLYETHYLENE (PE), 2022-2028 (IN $ MILLION)
FIGURE 7: GLOBAL WOOD PLASTIC
COMPOSITES MARKET, BY POLYVINYL CHLORIDE (PVC), 2022-2028 (IN $ MILLION)
FIGURE 8: GLOBAL WOOD PLASTIC
COMPOSITES MARKET, BY POLYPROPYLENE (PP), 2022-2028 (IN $ MILLION)
FIGURE 9: GLOBAL WOOD PLASTIC
COMPOSITES MARKET, BY OTHER TYPES, 2022-2028 (IN $ MILLION)
FIGURE 10: GLOBAL WOOD PLASTIC
COMPOSITES MARKET, BY BUILDING & CONSTRUCTION PRODUCTS, 2022-2028 (IN $
MILLION)
FIGURE 11: GLOBAL WOOD PLASTIC
COMPOSITES MARKET, BY AUTOMOTIVE COMPONENTS, 2022-2028 (IN $ MILLION)
FIGURE 12: GLOBAL WOOD PLASTIC
COMPOSITES MARKET, BY INDUSTRIAL & CONSUMER GOODS, 2022-2028 (IN $ MILLION)
FIGURE 13: GLOBAL WOOD PLASTIC
COMPOSITES MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)
FIGURE 14: GLOBAL 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)
FIGURE 17: UNITED KINGDOM WOOD
PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 18: GERMANY WOOD
PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 19: FRANCE WOOD PLASTIC
COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 20: SPAIN WOOD PLASTIC
COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 21: ITALY WOOD PLASTIC
COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 22: RUSSIA WOOD PLASTIC
COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: REST OF EUROPE WOOD
PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: CHINA WOOD PLASTIC
COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: JAPAN WOOD PLASTIC
COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: INDIA WOOD PLASTIC
COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: SOUTH KOREA WOOD
PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: ASEAN COUNTRIES
WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 29: AUSTRALIA & NEW
ZEALAND WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 30: REST OF
ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 31: BRAZIL WOOD PLASTIC
COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 32: MEXICO WOOD PLASTIC
COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 33: REST OF LATIN
AMERICA WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 34: UNITED ARAB
EMIRATES WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 35: TURKEY WOOD PLASTIC
COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 36: SAUDI ARABIA WOOD
PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 37: SOUTH AFRICA WOOD
PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 38: REST OF MIDDLE EAST
& AFRICA WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)