Wood-plastic Composites Market

Wood-plastic Composites Market by Type (Polyethylene, Polyvinylchloride, propylene), Application (Building & construction Products, Automotive Components, Industrial & Consumer Goods), & Region (North America, Europe, APAC, MEA) - Global Forecast to 2028

Report Code: CH 2864 Dec, 2023, by marketsandmarkets.com

The wood-plastic composites market is projected to grow from USD 7.5 billion in 2023 to USD 11.9 billion by 2028, at a CAGR of 9.8%. The commercialization of wood-plastic composites occurred in the early 1990s. The first-generation wood-composite products were made of recycled wood flour or chips with binder and were used in some limited applications. The next generation wood-plastic composites have superior mechanical, physical, and dimensional stability and can be used to produce complex forms. Advancements in the technology, followed by investment in R&D activities by the leading market players, provide a positive sign for the wood-plastic composites products in the marketplace. The major applications of wood-plastic composites are building & construction products, followed by automotive components. In building & construction application, wood-plastic composites are widely used in decking, molding & sliding, and fencing.

Attractive Opportunities in Wood-plastic Composites Market Trends

Wood-plastic  Composites Market

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Wood-plastic  Composites Market

Wood-plastic Composites Market Dynamics

Driver: Recyclability

Wood-plastic composites are renewable and abundant. Variety of synthetic fibers such as carbon, aramid and glass fibers faces degradability problem due to non-renewable nature. Thermoplastic resins such as polyethylene, polypropylene and polyvinylchloride along with wood fiber are easy to dispose and recyclable. Easy recyclability factor is driving the growth of wood-plastic composites in multiple end-use industries across the world. Various government in developed countries are implementing regulations and legislations on waste management. This regulations are expected to fuel the demand for wood-plastic composites in future.

Restraint: Rigidity issues and impact under heavy loads

Wood is treated with thermoplastics and a few additives, which makes the wood-plastic composite stiffer, and it loses its flexibility. It adopts one shape quickly, but then it becomes challenging to reshape it. This limits the reusability of the material. Every product has a limited shelf life and is subject to depreciation. Wood-plastic composite is susceptible to creep under heavy load when used over a long duration of time. Various processing factors, such as molding temperature, wood-plastic ratio, and screw speed can may affect the mechanical properties of wood-plastic composites. The use of coupling agents can help enhance the tensile properties and can add more strength to wood-plastic composites.

Opportunity:Growth opportunity in automotive industry due to government regulations

Growing demand for low-maintenance, high-performance, and cost effective products that are eco-friendly in nature and also offer low maintenance properties is expected to increase the demand for wood-plastic composites across the world in coming years. Moreover, increasing demand for biodegradable and recyclable materials for manufacturing various automotive components, that offers weight reduction, and superior mechanical strength is expected to drive the demand for wood-plastic composites during the forecast period.

Challenge: Life-cycle improvement

Wood-plastic composites are highly durable when compared to normal wood. However, due to excess rain or heat, products may have a reduced life span. Wood-plastic composites melts in excess heat and is prone to fungal growth on the surface due to excess humidity. Top global players in the market are yet to produce a product to tackle these issues effectively. This is a major challenge in the wood-plastic composites market.

Ecosystem: Wood-plastic Composites Market

Wood-plastic  Composites Market Ecosystem

Based on the type, the polyvinylchloride segment is estimated to be the fastest-growing type during the forecast period.

Polyvinylchloride (PVC) is a thermoplastic material, which can be melted repeatedly. It becomes soft on being heated to a certain temperature, and then hardens on cooling. Polyvinylchloride is a widely consumed type of wood-plastic composites in the global market. Due to its various advantages, such as low maintenance, tough, rigid with a high impact strength, sound and heat insulation, nontoxic and weatherproof, non-wrapping and stain proof, reliable, fire retardant and self-extinguishing, non-corrosive, and chemical resistant, consumers prefer using it as compared to other types of wood-plastic composites. Polyvinylchloride is extensively used in the construction business as it is a low-maintenance material. It is widely used in countries such as the US, the UK, and Ireland. This material has almost entirely replaced the use of raw wood, which tends to rot after a couple of years.

Based on application, the industrial & consumer goods is anticipated to register the second-highest CAGR in wood-plastic composites market.

Industrial & consumer goods application segment is one of the significant end-use applications of wood-plastic composites. Polyvinylchloride based wood-plastic composites is gaining high popularity due to its moisture resistance, balance of thermal stability, strength, and stiffness. Patent activity by many manufacturers is very high in this segment. Growth in the industrial & consumer goods segment along with increasing government regulations regarding biodegradable materials may drive the market in upcoming years.

Europe to be the second-largest market for wood-plastic composites during the forecast period.

The European wood-plastic composites market is a mature market. Currently, wood-plastic composites are increasingly used to produce furniture, technical parts, consumer goods, and household electronics using the injection molding and extrusion processes. Development of new production methods, such as the extrusion wood-plastic composite board, in many end-use applications shows a positive sign for the overall market.

Wood-plastic  Composites Market by Region

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Key Market Players

The wood-plastic composites market is dominated by a few globally established players. Trex Company, Inc., (US), MoistureShield (US), UFP Industries, Inc. (US), Fiberon (US), TimberTech (US), TAMKO Building Products LLC (US), Beologic (Belgium), FKuR Kunstsoff GmbH (Germany), JELU-WERK J. Ehrler GmbH & Co. KG (Germany), and Green Dot Bioplastics, Inc. (US), among others, are the main producers in the global market.

These companies are attempting to establish themselves in the wood-plastic composites market by employing a range of inorganic and organic approaches. A thorough competitive analysis of these major wood-plastic composites market participants is included in the research, along with information on their company profiles, most recent advancements, and important market strategies.

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Scope of the Report

Report Metric

Details

Market size available for years

2018–2028

Base year considered

2022

Forecast period

2023–2028

Units considered

Value (USD Million), Volume (Kiloton)

Segments Covered

By Type, By Application, By Region

Geographies covered

Europe, North America, Asia Pacific, Latin America, Middle East, and Africa

Companies covered

Trex Company, Inc., (US), MoistureShield (US), UFP Industries, Inc. (US), Fiberon (US), TimberTech (US), TAMKO Building Products LLC (US), Beologic (Belgium), FKuR Kunstsoff GmbH (Germany), JELU-WERK J. Ehrler GmbH & Co. KG (Germany), and Green Dot Bioplastics, Inc. (US).

The study categorizes the wood-plastic composites market based on Type, Application, and Region.

By Type
  • Polyethylene
  • Polyvinylchloride
  • Polypropylene
  • Others
By Application:
  • Building & Construction Products
  • Automotive Components
  • Industrial & Consumer Goods
  • Others
By Region:
  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

Recent Developments

  • In September 2023, UFP Global Holdings Ltd has acquired 80 percent of the equity in a newly formed company, UFP Palets y Embalajes SL, for approximately USD 52 million USD. UFP Palets is comprised of the former pallet manufacturing operations of Palets Suller SL, Serrería y Palets Chiva SL and Drevex Castellón SL, collectively known as Palets Suller Group.
  • In August 2023, MoistureShield partners with Great Southern Wood Preserving, Inc. to expand distribution of composite decking portfolio and newly added railing product line in Pennsylvania and Kentucky.
  • In June 2023, Trex Company, Inc. launched Trail Select T-Rail. Trex Select T-Rail is an affordable and easy-to-install railing option offered by Trex. It features a classic T design on top with a choice of two infill options, providing a clean yet stunning design for decks. This railing system is designed for simplified, pre-designed rail applications.
  • In October 2022, Green Dot Bioplastics, Inc. and Mayco International have partnered to reclaim trim and scrap fibers for Natural Fiber Reinforced Plastic. Together, the two companies developed an NFRP composite material using the trim and scrap fibers, removing them from the waste stream and expanding the lifespan of the original materials.
  • In June 2022, UFP Industries announced that its affiliate, PalletOne, Inc., has acquired a 50 percent equity stake in Dempsey Wood Products, LLC. The purchase agreement includes options for PalletOne to purchase the remaining 50 percent of Dempsey after three years.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 34)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
    1.4 MARKET SCOPE 
          FIGURE 1 WOOD-PLASTIC COMPOSITES MARKET SEGMENTATION
           1.4.1 REGIONS COVERED
           1.4.2 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
    1.6 UNIT CONSIDERED 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
           1.8.1 IMPACT OF RECESSION
 
2 RESEARCH METHODOLOGY (Page No. - 39)
    2.1 RESEARCH DATA 
          FIGURE 2 WOOD-PLASTIC COMPOSITES MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Interviews with top wood-plastic composite manufacturers
                    2.1.2.3 Breakdown of interviews with experts
                    2.1.2.4 Key industry insights
    2.2 BASE NUMBER CALCULATION 
           2.2.1 APPROACH 1: SUPPLY-SIDE ANALYSIS
           2.2.2 APPROACH 2: DEMAND-SIDE ANALYSIS
    2.3 MARKET FORECAST APPROACH 
           2.3.1 SUPPLY SIDE
           2.3.2 DEMAND SIDE
    2.4 GROWTH FORECAST 
    2.5 MARKET SIZE ESTIMATION 
           2.5.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.5.2 TOP-DOWN APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
    2.6 DATA TRIANGULATION 
          FIGURE 5 WOOD-PLASTIC COMPOSITES MARKET: DATA TRIANGULATION
    2.7 RECESSION IMPACT 
          FIGURE 6 MAJOR FACTORS RESPONSIBLE FOR GLOBAL RECESSION AND THEIR IMPACT ON WOOD-PLASTIC COMPOSITES MARKET
    2.8 RESEARCH ASSUMPTIONS 
    2.9 RESEARCH LIMITATIONS 
    2.10 RISK ANALYSIS 
 
3 EXECUTIVE SUMMARY (Page No. - 50)
    FIGURE 7 POLYETHYLENE DOMINATED WOOD-PLASTIC COMPOSITES MARKET IN 2022
    FIGURE 8 BUILDING & CONSTRUCTION PRODUCTS SEGMENT DOMINATED WOOD-PLASTIC COMPOSITES MARKET IN 2022
    FIGURE 9 NORTH AMERICA LED WOOD-PLASTIC COMPOSITES MARKET IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN WOOD-PLASTIC COMPOSITES MARKET SIZE 
          FIGURE 10 SIGNIFICANT GROWTH EXPECTED IN WOOD-PLASTIC COMPOSITES MARKET BETWEEN 2023 AND 2028
    4.2 WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION AND REGION, 2022 
          FIGURE 11 BUILDING & CONSTRUCTION APPLICATION AND NORTH AMERICA DOMINATED MARKET IN 2022
    4.3 WOOD-PLASTIC COMPOSITES MARKET, BY TYPE 
          FIGURE 12 POLYETHYLENE SEGMENT DOMINATED MARKET IN 2022
    4.4 WOOD-PLASTIC COMPOSITES MARKET GROWTH, BY KEY COUNTRY 
          FIGURE 13 CHINA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN WOOD-PLASTIC COMPOSITES MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Government regulations to use environmentally friendly products
                    5.2.1.2 Increasing adoption in automotive industry
                    5.2.1.3 Recyclability
           5.2.2 RESTRAINTS
                    5.2.2.1 Fluctuating cost of raw materials
                    5.2.2.2 Rigidity issues and impact under heavy load
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing use in automotive components segment driven by government regulations to drive market
                    5.2.3.2 High-volume production of automotive components
           5.2.4 CHALLENGES
                    5.2.4.1 Dominance of glass fiber and carbon fiber in composites industry
                    5.2.4.2 Life-cycle improvement
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 15 PORTER’S FIVE FORCES ANALYSIS OF WOOD-PLASTIC COMPOSITES MARKET
           5.3.1 BARGAINING POWER OF BUYERS
           5.3.2 BARGAINING POWER OF SUPPLIERS
           5.3.3 THREAT OF NEW ENTRANTS
           5.3.4 THREAT OF SUBSTITUTES
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 1 WOOD-PLASTIC COMPOSITES MARKET: IMPACT OF PORTER’S FIVE FORCES
    5.4 ECOSYSTEM/MARKET MAP 
          TABLE 2 WOOD-PLASTIC COMPOSITES MARKET: ROLE OF COMPANIES IN ECOSYSTEM
          FIGURE 16 WOOD-PLASTIC COMPOSITES MARKET MAP
    5.5 PRICING ANALYSIS 
           5.5.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
                    FIGURE 17 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION (USD/KG)
                    TABLE 3 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION (USD/KG)
    5.6 AVERAGE SELLING PRICES, BY TYPE 
          FIGURE 18 AVERAGE SELLING PRICES FOR DIFFERENT TYPES (USD/KG)
           5.6.1 AVERAGE SELLING PRICE TREND, BY REGION
                    TABLE 4 AVERAGE SELLING PRICE OF WOOD-PLASTIC COMPOSITES, BY REGION
    5.7 TRADE DATA ANALYSIS 
           5.7.1 EXPORT SCENARIO OF WOOD PARTICLES
                    FIGURE 19 EXPORT OF WOOD PARTICLES, BY KEY COUNTRIES (TONS)
           5.7.2 IMPORT SCENARIO OF CARBON FIBER
                    FIGURE 20 IMPORT OF WOOD PARTICLES, BY KEY COUNTRIES (TONS)
    5.8 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.8.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 21 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS
                    TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS
           5.8.2 BUYING CRITERIA
                    FIGURE 22 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
                    TABLE 6 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
    5.9 TECHNOLOGY ANALYSIS 
          TABLE 7 COMPARATIVE STUDY OF MAJOR WOOD-PLASTIC COMPOSITE MANUFACTURING PROCESSES
    5.10 SUPPLY CHAIN ANALYSIS 
           FIGURE 23 WOOD-PLASTIC COMPOSITES MARKET: SUPPLY CHAIN ANALYSIS
    5.11 VALUE CHAIN ANALYSIS 
           FIGURE 24 WOOD-PLASTIC COMPOSITES MARKET: VALUE CHAIN ANALYSIS
    5.12 CASE STUDY ANALYSIS 
    5.13 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 
    5.14 TARIFF AND REGULATORY LANDSCAPE 
           5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 8 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 9 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 10 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 11 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.14.2 STANDARD CODES FOR AUTOMOTIVE COMPOSITES
                     TABLE 12 CURRENT STANDARD CODES FOR AUTOMOTIVE COMPOSITES
                     TABLE 13 CURRENT STANDARD CODES FOR CONSTRUCTION COMPOSITES
    5.15 PATENT ANALYSIS 
           5.15.1 INTRODUCTION
           5.15.2 METHODOLOGY
           5.15.3 DOCUMENT TYPE
                     TABLE 14 WOOD-PLASTIC COMPOSITES MARKET: GLOBAL PATENTS
                     FIGURE 25 GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE
                     FIGURE 26 GLOBAL PATENT PUBLICATION TREND ANALYSIS: LAST 10 YEARS
           5.15.4 INSIGHTS
           5.15.5 LEGAL STATUS OF PATENTS
                     FIGURE 27 WOOD-PLASTIC COMPOSITES MARKET: LEGAL STATUS OF PATENTS
           5.15.6 JURISDICTION ANALYSIS
                     FIGURE 28 GLOBAL JURISDICTION ANALYSIS
           5.15.7 ANALYSIS OF TOP APPLICANTS
                     FIGURE 29 UNIV NORTHEAST FORESTRY HAS HIGHEST NUMBER OF PATENTS
           5.15.8 PATENTS BY UNIV NORTHEAST FORESTRY
           5.15.9 PATENTS BY UNIV NANJING FORESTRY
                    5.15.10 PATENT OWNERS (US) IN LAST 10 YEARS
    5.16 KEY CONFERENCES AND EVENTS, 2023–2024 
            TABLE 15 LIST OF CONFERENCES & EVENTS RELATED TO WOOD-PLASTIC COMPOSITES AND RELATED MARKETS, 2023–2024
 
6 WOOD-PLASTIC COMPOSITES MARKET, BY TYPE (Page No. - 83)
    6.1 INTRODUCTION 
          FIGURE 30 POLYETHYLENE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
          TABLE 16 WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2018–2022 (KILOTON)
          TABLE 17 WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2018–2022 (USD MILLION)
          TABLE 18 WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2023–2028 (KILOTON)
          TABLE 19 WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2023–2028 (USD MILLION)
    6.2 POLYETHYLENE 
           6.2.1 EXTENSIVE USE FOR HIGH-PERFORMANCE AND ROUGH EXTERIOR APPLICATIONS TO DRIVE MARKET
                    FIGURE 31 NORTH AMERICA TO LEAD POLYETHYLENE WOOD-PLASTIC COMPOSITES MARKET IN 2028
                    TABLE 20 POLYETHYLENE: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 21 POLYETHYLENE: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 22 POLYETHYLENE: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 23 POLYETHYLENE: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.3 POLYVINYLCHLORIDE 
           6.3.1 LOW MAINTENANCE MATERIAL
                    FIGURE 32 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 24 POLYVINYLCHLORIDE: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 25 POLYVINYLCHLORIDE: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 26 POLYVINYLCHLORIDE: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 27 POLYVINYLCHLORIDE: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.4 POLYPROPYLENE 
           6.4.1 EXTENSIVE USE IN DECKING, RAILING, ROOFING, AND SIDING APPLICATIONS TO DRIVE MARKET
                    FIGURE 33 NORTH AMERICA TO LEAD MARKET DURING FORECAST PERIOD
                    TABLE 28 POLYPROPYLENE: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 29 POLYPROPYLENE: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 30 POLYPROPYLENE: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 31 POLYPROPYLENE: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.5 OTHER TYPES 
          TABLE 32 OTHER TYPES: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
          TABLE 33 OTHER TYPES: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
          TABLE 34 OTHER TYPES: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
          TABLE 35 OTHER TYPES: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
 
7 WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION (Page No. - 94)
    7.1 INTRODUCTION 
          FIGURE 34 BUILDING & CONSTRUCTION PRODUCTS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
          TABLE 36 WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
          TABLE 37 WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
          TABLE 38 WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
          TABLE 39 WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    7.2 BUILDING & CONSTRUCTION PRODUCTS 
           7.2.1 LARGEST DEMAND FROM DECKING APPLICATION
           7.2.2 DECKING
           7.2.3 MOLDING & SIDING
           7.2.4 FENCING
                    FIGURE 35 NORTH AMERICA TO DOMINATE BUILDING & CONSTRUCTION PRODUCTS SEGMENT OF WOOD-PLASTIC COMPOSITES MARKET IN 2028
                    TABLE 40 BUILDING & CONSTRUCTION PRODUCTS: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 41 BUILDING & CONSTRUCTION PRODUCTS: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 42 BUILDING & CONSTRUCTION PRODUCTS: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 43 BUILDING & CONSTRUCTION PRODUCTS: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.3 AUTOMOTIVE COMPONENTS 
           7.3.1 DEMAND FOR SUSTAINABLE MATERIALS IN AUTOMOTIVE INDUSTRY TO DRIVE MARKET
                    FIGURE 36 EUROPE TO BE SECOND-LARGEST MARKET DURING FORECAST PERIOD
                    TABLE 44 AUTOMOTIVE COMPONENTS: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 45 AUTOMOTIVE COMPONENTS: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 46 AUTOMOTIVE COMPONENTS: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 47 AUTOMOTIVE COMPONENTS: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.4 INDUSTRIAL & CONSUMER GOODS 
           7.4.1 RISING USE FOR MANUFACTURING FURNITURE TO DRIVE MARKET
                    FIGURE 37 NORTH AMERICA TO LEAD MARKET DURING FORECAST PERIOD
                    TABLE 48 INDUSTRIAL & CONSUMER GOODS: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 49 INDUSTRIAL & CONSUMER GOODS: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 50 INDUSTRIAL & CONSUMER GOODS: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 51 INDUSTRIAL & CONSUMER GOODS: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.5 OTHER APPLICATIONS 
          TABLE 52 OTHER APPLICATIONS: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
          TABLE 53 OTHER APPLICATIONS: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
          TABLE 54 OTHER APPLICATIONS: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
          TABLE 55 OTHER APPLICATIONS: WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
 
8 WOOD-PLASTIC COMPOSITES MARKET, BY REGION (Page No. - 106)
    8.1 INTRODUCTION 
          FIGURE 38 CHINA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
          TABLE 56 WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2018–2022 (KILOTON)
          TABLE 57 WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2018–2022 (USD MILLION)
          TABLE 58 WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
          TABLE 59 WOOD-PLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.2 NORTH AMERICA 
           8.2.1 IMPACT OF RECESSION ON NORTH AMERICA
                    FIGURE 39 NORTH AMERICA: WOOD-PLASTIC COMPOSITES MARKET SNAPSHOT
           8.2.2 NORTH AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE
                    TABLE 60 NORTH AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2018–2022 (KILOTON)
                    TABLE 61 NORTH AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 62 NORTH AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2023–2028 (KILOTON)
                    TABLE 63 NORTH AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2023–2028 (USD MILLION)
           8.2.3 NORTH AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION
                    TABLE 64 NORTH AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                    TABLE 65 NORTH AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 66 NORTH AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    TABLE 67 NORTH AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.2.4 NORTH AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY
                    TABLE 68 NORTH AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2018–2022 (KILOTON)
                    TABLE 69 NORTH AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 70 NORTH AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    TABLE 71 NORTH AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    8.2.4.1 US
                               8.2.4.1.1 Well-established wood-plastic composite manufacturers to drive market
                                              TABLE 72 US: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 73 US: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 74 US: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                              TABLE 75 US: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    8.2.4.2 Canada
                               8.2.4.2.1 Presence of automotive component manufacturers to drive growth
                                              TABLE 76 CANADA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 77 CANADA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 78 CANADA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                              TABLE 79 CANADA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    8.3 EUROPE 
           8.3.1 IMPACT OF RECESSION ON EUROPE
                    FIGURE 40 EUROPE: WOOD-PLASTIC COMPOSITES MARKET SNAPSHOT
           8.3.2 EUROPE: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE
                    TABLE 80 EUROPE: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2018–2022 (KILOTON)
                    TABLE 81 EUROPE: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 82 EUROPE: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2023–2028 (KILOTON)
                    TABLE 83 EUROPE: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2023–2028 (USD MILLION)
           8.3.3 EUROPE: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION
                    TABLE 84 EUROPE: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                    TABLE 85 EUROPE: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 86 EUROPE: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    TABLE 87 EUROPE: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.3.4 EUROPE: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY
                    TABLE 88 EUROPE: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2018–2022 (KILOTON)
                    TABLE 89 EUROPE: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 90 EUROPE: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    TABLE 91 EUROPE: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    8.3.4.1 Germany
                               8.3.4.1.1 Presence of major OEMs to drive growth
                                              TABLE 92 GERMANY: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 93 GERMANY: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 94 GERMANY: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                              TABLE 95 GERMANY: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    8.3.4.2 UK
                               8.3.4.2.1 High demand from residential construction projects to drive demand
                                              TABLE 96 UK: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 97 UK: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 98 UK: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                              TABLE 99 UK: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    8.3.4.3 France
                               8.3.4.3.1 Rising demand for CFRTP from high-end car manufacturers to drive growth
                                              TABLE 100 FRANCE: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 101 FRANCE: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 102 FRANCE: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                              TABLE 103 FRANCE: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    8.3.4.4 Italy
                               8.3.4.4.1 Wide popularity of wood-plastic composites due to sustainable and promising properties to increase use
                                              TABLE 104 ITALY: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 105 ITALY: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 106 ITALY: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                              TABLE 107 ITALY: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    8.3.4.5 Spain
                               8.3.4.5.1 Need for safety and comfort features in automobiles to drive growth
                                              TABLE 108 SPAIN: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 109 SPAIN: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 110 SPAIN: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                              TABLE 111 SPAIN: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    8.3.4.6 Rest of Europe
                                TABLE 112 REST OF EUROPE: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                TABLE 113 REST OF EUROPE: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                TABLE 114 REST OF EUROPE: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                TABLE 115 REST OF EUROPE: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    8.4 ASIA PACIFIC 
           8.4.1 IMPACT OF RECESSION ON ASIA PACIFIC
                    FIGURE 41 ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET SNAPSHOT
           8.4.2 ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE
                    TABLE 116 ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2018–2022 (KILOTON)
                    TABLE 117 ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 118 ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2023–2028 (KILOTON)
                    TABLE 119 ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2023–2028 (USD MILLION)
           8.4.3 ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION
                    TABLE 120 ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                    TABLE 121 ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 122 ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    TABLE 123 ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.4.4 ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY
                    TABLE 124 ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2018–2022 (KILOTON)
                    TABLE 125 ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 126 ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    TABLE 127 ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    8.4.4.1 China
                               8.4.4.1.1 Low cost of manufacturing to drive growth
                                              TABLE 128 CHINA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 129 CHINA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 130 CHINA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                              TABLE 131 CHINA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    8.4.4.2 Japan
                               8.4.4.2.1 High consumption of wood-plastic in automotive industry to drive growth
                                              TABLE 132 JAPAN: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 133 JAPAN: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 134 JAPAN: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                              TABLE 135 JAPAN: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    8.4.4.3 India
                               8.4.4.3.1 Rapid urbanization and improved living standards to drive growth
                                              TABLE 136 INDIA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 137 INDIA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 138 INDIA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                              TABLE 139 INDIA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    8.4.4.4 South Korea
                               8.4.4.4.1 Presence of major automotive companies to drive demand
                                              TABLE 140 SOUTH KOREA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 141 SOUTH KOREA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 142 SOUTH KOREA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                              TABLE 143 SOUTH KOREA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    8.4.4.5 Australia & New Zealand
                               8.4.4.5.1 High demand from decking market to drive demand
                                              TABLE 144 AUSTRALIA & NEW ZEALAND: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 145 AUSTRALIA & NEW ZEALAND: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 146 AUSTRALIA & NEW ZEALAND: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                              TABLE 147 AUSTRALIA & NEW ZEALAND: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    8.4.4.6 Rest of Asia Pacific
                                TABLE 148 REST OF ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                TABLE 149 REST OF ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                TABLE 150 REST OF ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                TABLE 151 REST OF ASIA PACIFIC: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    8.5 MIDDLE EAST & AFRICA 
           8.5.1 IMPACT OF RECESSION ON MIDDLE EAST & AFRICA
           8.5.2 MIDDLE EAST & AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE
                    TABLE 152 MIDDLE EAST & AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2018–2022 (KILOTON)
                    TABLE 153 MIDDLE EAST & AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 154 MIDDLE EAST & AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2023–2028 (KILOTON)
                    TABLE 155 MIDDLE EAST & AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2023–2028 (USD MILLION)
           8.5.3 MIDDLE EAST & AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION
                    TABLE 156 MIDDLE EAST & AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                    TABLE 157 MIDDLE EAST & AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 158 MIDDLE EAST & AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    TABLE 159 MIDDLE EAST & AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.5.4 MIDDLE EAST & AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY
                    TABLE 160 MIDDLE EAST & AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2018–2022 (KILOTON)
                    TABLE 161 MIDDLE EAST & AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 162 MIDDLE EAST & AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    TABLE 163 MIDDLE EAST & AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    8.5.4.1 GCC Countries
                    8.5.4.2 UAE
                               8.5.4.2.1 Increasing demand for cars to create lucrative opportunities in market
                                              TABLE 164 UAE: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 165 UAE: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 166 UAE: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                              TABLE 167 UAE: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    8.5.4.3 Saudi Arabia
                               8.5.4.3.1 New policies and investment programs to boost construction industry to drive market
                                              TABLE 168 SAUDI ARABIA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 169 SAUDI ARABIA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 170 SAUDI ARABIA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                              TABLE 171 SAUDI ARABIA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    8.5.4.4 Rest of GCC Countries
                                TABLE 172 REST OF GCC COUNTRIES: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                TABLE 173 REST OF GCC COUNTRIES: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                TABLE 174 REST OF GCC COUNTRIES: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                TABLE 175 REST OF GCC COUNTRIES: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    8.5.4.5 South Africa
                               8.5.4.5.1 Rising demand for fuel-efficient automobiles to drive growth
                                              TABLE 176 SOUTH AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 177 SOUTH AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 178 SOUTH AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                              TABLE 179 SOUTH AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    8.5.4.6 Rest of Middle East & Africa
                                TABLE 180 REST OF MIDDLE EAST & AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                TABLE 181 REST OF MIDDLE EAST & AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                TABLE 182 REST OF MIDDLE EAST & AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                TABLE 183 REST OF MIDDLE EAST & AFRICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    8.6 LATIN AMERICA 
           8.6.1 IMPACT OF RECESSION ON LATIN AMERICA
           8.6.2 LATIN AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE
                    TABLE 184 LATIN AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2018–2022 (KILOTON)
                    TABLE 185 LATIN AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2018–2022 (USD MILLION)
                    TABLE 186 LATIN AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2023–2028 (KILOTON)
                    TABLE 187 LATIN AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY TYPE, 2023–2028 (USD MILLION)
           8.6.3 LATIN AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION
                    TABLE 188 LATIN AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                    TABLE 189 LATIN AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 190 LATIN AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    TABLE 191 LATIN AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.6.4 LATIN AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY
                    TABLE 192 LATIN AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2018–2022 (KILOTON)
                    TABLE 193 LATIN AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 194 LATIN AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    TABLE 195 LATIN AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    8.6.4.1 Brazil
                               8.6.4.1.1 New regulations to incentivize use of wood-plastic composites
                                              TABLE 196 BRAZIL: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 197 BRAZIL: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 198 BRAZIL: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                              TABLE 199 BRAZIL: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    8.6.4.2 Mexico
                               8.6.4.2.1 Stringent emission norms and rising disposable incomes to drive growth
                                              TABLE 200 MEXICO: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 201 MEXICO: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 202 MEXICO: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                              TABLE 203 MEXICO: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    8.6.4.3 Rest of Latin America
                                TABLE 204 REST OF LATIN AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                TABLE 205 REST OF LATIN AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                TABLE 206 REST OF LATIN AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                                TABLE 207 REST OF LATIN AMERICA: WOOD-PLASTIC COMPOSITES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
 
9 COMPETITIVE LANDSCAPE (Page No. - 168)
    9.1 INTRODUCTION 
    9.2 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN 
          TABLE 208 STRATEGIES ADOPTED BY WOOD-PLASTIC COMPOSITES MANUFACTURERS
    9.3 REVENUE ANALYSIS 
          FIGURE 42 WOOD-PLASTIC COMPOSITES MARKET REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
    9.4 MARKET SHARE ANALYSIS 
          FIGURE 43 SHARES OF TOP COMPANIES IN WOOD-PLASTIC COMPOSITES MARKET
          TABLE 209 DEGREE OF COMPETITION: WOOD-PLASTIC COMPOSITES MARKET
    9.5 COMPANY EVALUATION MATRIX 
           9.5.1 STARS
           9.5.2 EMERGING LEADERS
           9.5.3 PERVASIVE PLAYERS
           9.5.4 PARTICIPANTS
                    FIGURE 44 WOOD-PLASTIC COMPOSITES MARKET: COMPANY EVALUATION MATRIX, 2022 173
           9.5.5 COMPANY FOOTPRINT
                    TABLE 210 COMPANY PRODUCT FOOTPRINT
                    TABLE 211 COMPANY APPLICATION FOOTPRINT
                    TABLE 212 PRODUCT TYPE FOOTPRINT
                    TABLE 213 COMPANY REGION FOOTPRINT
    9.6 START-UP/SME EVALUATION MATRIX 
           9.6.1 PROGRESSIVE COMPANIES
           9.6.2 RESPONSIVE COMPANIES
           9.6.3 DYNAMIC COMPANIES
           9.6.4 STARTING BLOCKS
                    FIGURE 45 WOOD-PLASTIC COMPOSITES MARKET: SMALL AND MEDIUM-SIZED ENTERPRISES MAPPING, 2022
           9.6.5 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
                    TABLE 214 WOOD-PLASTIC COMPOSITES MARKET: KEY START-UPS/SMES
                    TABLE 215 WOOD-PLASTIC COMPOSITES MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
    9.7 COMPETITIVE SCENARIO AND TRENDS 
           9.7.1 PRODUCT LAUNCHES
                    TABLE 216 WOOD-PLASTIC COMPOSITES MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2018–2023
                    TABLE 217 WOOD-PLASTIC COMPOSITES MARKET: DEALS, 2018–2023
                    TABLE 218 WOOD-PLASTIC COMPOSITES MARKET: OTHERS, 2018–2023
 
10 COMPANY PROFILES (Page No. - 184)
(Business overview, Products/Solutions/Services offered, Recent Developments, Product launches, MnM view, Right to win, Strategic choices, Weaknesses and competitive threats) *
     10.1 KEY COMPANIES 
             10.1.1 TREX COMPANY, INC.
                        TABLE 219 TREX COMPANY, INC.: COMPANY OVERVIEW
                        FIGURE 46 TREX COMPANY, INC.: COMPANY SNAPSHOT
                        TABLE 220 TREX COMPANY, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 221 TREX COMPANY, INC.: PRODUCT LAUNCHES
             10.1.2 MOISTURESHIELD
                        TABLE 222 MOISTURESHIELD: COMPANY OVERVIEW
                        TABLE 223 MOISTURESHIELD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 224 MOISTURESHIELD: PRODUCT LAUNCHES
                        TABLE 225 MOISTURESHIELD: DEALS
                        TABLE 226 MOISTURESHIELD: OTHERS
             10.1.3 UFP INDUSTRIES, INC.
                        TABLE 227 UFP INDUSTRIES, INC.: COMPANY OVERVIEW
                        FIGURE 47 UFP INDUSTRIES, INC.: COMPANY SNAPSHOT
                        TABLE 228 UFP INDUSTRIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 229 UFP INDUSTRIES, INC.: DEALS
             10.1.4 FIBERON
                        TABLE 230 FIBERON LLC: COMPANY OVERVIEW
                        TABLE 231 FIBERON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             10.1.5 TIMBERTECH
                        TABLE 232 TIMBERTECH: COMPANY OVERVIEW
                        TABLE 233 TIMBERTECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             10.1.6 TAMKO BUILDING PRODUCTS LLC
                        TABLE 234 TAMKO BUILDING PRODUCTS LLC: COMPANY OVERVIEW
                        TABLE 235 TAMKO BUILDING PRODUCTS LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             10.1.7 BEOLOGIC
                        TABLE 236 BEOLOGIC: COMPANY OVERVIEW
                        TABLE 237 BEOLOGIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             10.1.8 FKUR KUNSTSTOFF GMBH
                        TABLE 238 FKUR KUNSTSOFF GMBH: COMPANY OVERVIEW
                        TABLE 239 CERTAINTEED, LLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             10.1.9 JELU-WERK J. EHRLER GMBH & CO. KG
                        TABLE 240 JELU-WERK J. EHRLER GMBH & CO. KG: COMPANY OVERVIEW
                        TABLE 241 JELU-WERK J. EHRLER GMBH & CO. KG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             10.1.10 GREEN DOT BIOPLASTICS, INC.
                        TABLE 242 GREEN DOT BIOPLASTICS, INC.: COMPANY OVERVIEW
                        TABLE 243 GREEN DOT BIOPLASTICS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 244 GREEN DOT BIOPLASTICS, INC.: DEALS
                        TABLE 245 GREEN DOT BIOPLASTICS, INC.: OTHERS
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Key strengths, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.
     10.2 OTHER COMPANIES 
             10.2.1 PERTH WOOD-PLASTIC COMPOSITE CO., LTD.
                        TABLE 246 PERTH WOOD-PLASTIC COMPOSITE CO., LTD.: COMPANY OVERVIEW
             10.2.2 DECEUNINCK
                        TABLE 247 DECEUNINCK: COMPANY OVERVIEW
             10.2.3 SHANGHAI SEVEN TRUST INDUSTRY CO., LTD.
                        TABLE 248 SHANGHAI SEVEN TRUST INDUSTRY CO., LTD.: COMPANY OVERVIEW
             10.2.4 GUANGZHOU KINDWOOD CO., LTD.
                        TABLE 249 GUANGZHOU KINDWOOD CO., LTD.: COMPANY OVERVIEW
             10.2.5 TVL ENGINEERS PVT., LTD.
                        TABLE 250 TVL ENGINEERS PVT. LTD.: COMPANY OVERVIEW
             10.2.6 OLDCASTLE APG A CRH COMPANY
                        TABLE 251 OLDCASTLE APG A CRH COMPANY: COMPANY OVERVIEW
             10.2.7 RESYSTA INTERNATIONAL
                        TABLE 252 RESYSTA INTERNATIONAL: COMPANY OVERVIEW
             10.2.8 AVS INDUSTRIES (ADO WOODS)
                        TABLE 253 AVS INDUSTRIES (ADO WOODS): COMPANY OVERVIEW
             10.2.9 SINOFIBERS TECHNOLOGY CO., LTD.
                        TABLE 254 SINOFIBERS TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
             10.2.10 ECOSTE
                        TABLE 255 ECOSTE: COMPANY OVERVIEW
             10.2.11 LINYI YANSEN INTERNATIONAL TRADE CO., LTD.
                        TABLE 256 LINYI YANSEN INTERNATIONAL TRADE CO., LTD.: COMPANY OVERVIEW
             10.2.12 HOSUNG WPC COMPOSITE
                        TABLE 257 HOSUNG WPC COMPOSITE: COMPANY OVERVIEW
             10.2.13 WOODALT
                        TABLE 258 WOODALT: COMPANY OVERVIEW
             10.2.14 JKD PLASTICS
                        TABLE 259 JKD PLASTICS: COMPANY OVERVIEW
             10.2.15 TECNODECK
                        TABLE 260 TECHNODECK: COMPANY OVERVIEW
 
11 APPENDIX (Page No. - 216)
     11.1 DISCUSSION GUIDE 
     11.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     11.3 AVAILABLE CUSTOMIZATIONS 
     11.4 RELATED REPORT 
     11.5 AUTHOR DETAILS 

The study involves two major activities in estimating the current market size for the wood-plastic composites market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources referred to for this research study include financial statements of companies offering wood-plastic composites and information from various trade, business, and professional associations. Secondary research has been used to obtain critical information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. The secondary data was collected and analyzed to arrive at the overall size of the wood-plastic composites market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after obtaining information regarding the wood-plastic composites market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from wood-plastic composites industry vendors; system integrators; component providers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to type, application, and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customer/end users who are using wood-plastic composites products were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of wood-plastic composites and future outlook of their business which will affect the overall market.

The Breakup of Primary Research:

Wood-plastic  Composites Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The research methodology used to estimate the size of the wood-plastic composites market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations in wood-plastic composite products in different applications at a regional level. Such procurements provide information on the demand aspects of the wood-plastic composites industry for each application. For each application, all possible segments of the wood-plastic composites market were integrated and mapped.

Wood-plastic Composites Market Size: Botton Up Approach

Wood-plastic  Composites Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Wood-plastic Composites Market Size: Top-Down Approach

Wood-plastic  Composites Market Size, and Share

Data Triangulation

After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Market Definition

Wood-plastic composites are composites made from wood fibers or wood flour and thermoplastic materials such as polyethylene (PE), polypropylene (PP), and polyvinylchloride (PVC). Additives are used in wood-plastic composites to enhance the physical and mechanical properties within the polymer matrix along with the processing aids such as lubricants, wetting agents, plasticizers, and compatibilizers. Wood-plastic composites for various applications are generally manufactured by extrusion process, whereas injection molding process is still not widely used. Major application areas of wood-plastic composites include decking, railing, fencing, trims, panels, furniture, automotive components, industrial & consumer goods, and others. Wood-plastic composites not only looks and feels similar to natural wood products and have similar performance benefits, but in addition they offer superior durability, color retention, and are resistant to rot, decay, and UV, thus providing greater value in end-market applications.

Key Stakeholders

  • Wood-plastic Composites Manufacturers
  • Raw Materials Suppliers
  • Distributors and Suppliers
  • End-use Industries
  • Industry Associations
  • R&D Institutions
  • Environment Support Agencies

Report Objectives

  • To define, describe, and forecast the wood-plastic composites market size in terms of volume and value
  • To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges influencing market growth
  • To analyze and project the global wood-plastic composites market by type, application, and region
  • To forecast the market size concerning five main regions (along with country-level data), namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, and analyze the significant region-specific trends
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions of the submarkets to the overall market
  • To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
  • To assess recent market developments and competitive strategies, such as agreements, contracts, acquisitions, and new product developments/new product launches, to draw the competitive landscape
  • To strategically profile the key market players and comprehensively analyze their core competencies

Available Customizations

MarketsandMarkets offers following customizations for this market report:

  • Additional country-level analysis of the wood-plastic composites market

Product Analysis

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