HOME Top Market Reports Wood Plastic Composite Market by Type (Polyethylene, Polyvinylchloride, Polypropylene, Others), Application (Building & Construction Products, Automotive Components, Industrial & Consumer Goods, Others), Region (North America, Europe, Asia-Pacific, RoW) - Global Trends & Forecast to 2021

Wood Plastic Composite Market by Type (Polyethylene, Polyvinylchloride, Polypropylene, Others), Application (Building & Construction Products, Automotive Components, Industrial & Consumer Goods, Others), Region (North America, Europe, Asia-Pacific, RoW) - Global Trends & Forecast to 2021

By: marketsandmarkets.com
Publishing Date: April 2016
Report Code: CH 2864

 

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The wood-plastic composites market is projected to reach USD 5.84 Billion by 2021, at a CAGR of 12.4% from 2016 to 2021. Based on application, the wood-plastic composites market has been segmented into building & construction products, automotive components, industrial & consumer goods, and others. Based on type, the market has been segmented into polyethylene (PE), polyvinylchloride (PVC), polypropylene (PP), and others. The building & construction products segment is expected to be the largest consumer of PE and PVC wood-plastic composites, followed by automotive components segment where wood-plastic composites are used for manufacturing lightweight automotive components.

The years considered for the study are:

  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2021
  • Forecast Period – 2016 to 2021

For company profiles in the report, 2015 has been considered as the base year. Where information was unavailable for the base year, the prior year has been considered.

Research Methodology

This research study involves extensive usage of secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource to identify and collect information useful for technical, market-oriented, and commercial aspects of the wood-plastic composites market. The research methodology used for this study can be explained as follows:

  • Analysis of all recent developments in the wood-plastic composites market across the globe with emphasis on emerging regions
  • Analysis of potential applications and existing applications of wood-plastic composites
  • Analysis of country-wise rate of demand of wood-plastic composites for the past three years
  • Estimation of various costs involved to arrive at the value chain of the wood-plastic composites market
  • Finalization of market size values by triangulation with the supply side data, which includes, product developments, supply chain, and regional demand of wood-plastic composites across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure below shows the breakdown of the primaries based on company, designation, and region conducted during the research study.

Wood Plastic Composite Market

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

Market Ecosystem:

The ecosystem for wood-plastic composites consists of key suppliers, including thermoplastic material manufacturers and composite manufacturers. These materials are further used by the wood-plastic composite manufacturers such as Trex Company, Inc. (U.S.), Advanced Environmental Recycling Technologies, Inc. (U.S.), Universal Forest Products, Inc. (U.S.), Fiberon, LLC (U.S.), TAMKO Building Products, Inc. (U.S.), TimberTech (U.S.), Axion International, Inc. (U.S.), Beologic N.V. (Belgium), CertainTeed (U.S.), Fkur Kunststoff GmbH (Germany.), Josef Ehrler GmbH & Co. KG. (Germany), Polymera, Inc. (U.S.), and Polyplank AB (Sweden). These are the important participants in the ecosystem of wood-plastic composites markets as they play crucial role in customizing the WPC products as per the requirements of end users. The demand side of the wood-plastic composites market comprises of various major players from construction, automotive, industrial goods, consumer goods, and other industries.

Target Audience:

The stakeholder’s for the report includes:

  • Wood-Plastic Composites Manufacturers
  • Wood-Plastic Composites Traders, Distributors, and Suppliers
  • End Market Application Participants of Different Segments of the Wood-Plastic Composites
  • Government and Research Organizations
  • Associations and Industrial Bodies
  • Research and Consulting Firms
  • R&D Institutions
  • Environment Support Agencies
  • Investment Banks and Private Equity Firms

Scope of the Report: This research report categorizes the wood-plastic composites market on the basis of application, application, type, form, and region. The report forecasts revenues as well analyzes the trends in each of the submarkets.

On the Basis of Application:

  • Building and Construction Products
  • Automotive Components
  • Industrial & Consumer Goods
  • Others

On the Basis of Type:

  • Polyethylene
  • Polyvinylchloride
  • Polypropylene
  • Other

On the Basis of Region:

  • North America
  • Europe
  • Asia-Pacific
  • RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Application Analysis

Further breakdown of the building & construction application segment into decking, molding, and fencing for top five countries

  • Company Information

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Market Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Stakeholders
    1.7 Limitations

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           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 Key Industry Insights
                    2.1.2.3 Break Down of Primary
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Market Opportunity in Wood-Plastic Composites Market
    4.2 Wood-Plastic Composites Market, By Application
    4.3 Wood-Plastic Composites Market
    4.4 Wood-Plastic Composites Market Attractiveness
    4.5 Wood-Plastic Composites Market, By Application
    4.6 Wood-Plastic Composites Market: Emerging Nations vs Developed Nations
    4.7 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increasing Demand From Building & Construction Application
                    5.4.1.2 Ban on the Use of Toxins Copper, Chromium, and Arsenic
                    5.4.1.3 Growing Demand for Recyclable Materials in Automobile Industry
           5.4.2 Restraints
                    5.4.2.1 Rising Cost of Raw Materials
                    5.4.2.2 Rigidity Issues and Impact Under Heavy Load
           5.4.3 Opportunities
                    5.4.3.1 Emerging Markets
                    5.4.3.2 Easy Processing of Wood-Plastic Composites
                    5.4.3.3 High Usage of Recyclable Raw Materials
           5.4.4 Challenges
                    5.4.4.1 Reducing the Weight of Wood-Plastic Composites Products
                    5.4.4.2 Lawsuits Filed Against Wood-Plastic Composites Companies
    5.5 Burning Issues

6 Industry Trends (Page No. - 43)
    6.1 Introduction
    6.2 Value-Chain Analysis
    6.3 Supply Chain Analysis
           6.3.1 Key Influence
    6.4 Industry Trends
    6.5 Porter’s Five Forces
           6.5.1 Threat of New Entrants
           6.5.2 Threat From Substitutes
           6.5.3 Bargaining Power of Suppliers
           6.5.4 Bargaining Power of Buyers
           6.5.5 Intensity of Competitive Rivalry
    6.6 Strategic Benchmarking
           6.6.1 Partnerships, Agreements, and Collaborations
           6.6.2 New Product Launches: New Strategy to Increase Customer Base

7 Wood-Plastic Composites Market, By Type (Page No. - 51)
    7.1 Introduction
    7.2 Polyethylene
    7.3 Polyvinylchloride
    7.4 Polypropylene
    7.5 Others

8 Wood-Plastic Composites Market, By Application (Page No. - 61)
    8.1 Introduction
    8.2 Building & Construction Products
           8.2.1 Decking
           8.2.2 Molding & Siding
           8.2.3 Fencing
    8.3 Automotive Components
    8.4 Industrial & Consumer Goods
    8.5 Others

9 Regional Analysis (Page No. - 70)
    9.1 Introduction
    9.2 Russia, India, & China: Emerging Markets for Wood-Plastic Composites
    9.3 North America
           9.3.1 U.S.
           9.3.2 Canada
    9.4 Europe
           9.4.1 U.K.
           9.4.2 Germany
           9.4.3 France
           9.4.4 Scandinavia
           9.4.5 Rest of Europe
    9.5 Asia-Pacific
           9.5.1 China: Dominant Market in the World
           9.5.2 India
           9.5.3 Japan
           9.5.4 Rest of Asia-Pacific: A Possible Game Changer
    9.6 RoW: Emerging Market
           9.6.1 Brazil
           9.6.2 Russia
           9.6.3 Australia & New Zealand

10 Competitive Landscape (Page No. - 106)
     10.1 Overview
     10.2 Partnerships, Agreements, and Collaborations: One of the Most Popular Growth Strategies
     10.3 Maximum Developments in 2013
     10.4 Competitive Situation and Trends
             10.4.1 Partnerships, Agreements, and Collaborations
             10.4.2 New Product Launches
             10.4.3 Expansions
             10.4.4 Mergers & Acquisitions

11 Company Profiles (Page No. - 116)
(Overview, Financials, Products & Services, Strategy, and Developments)*
     11.1 Introduction
     11.2 Trex Company, Inc.
     11.3 Advanced Environmental Recycling Technologies, Inc. (AERT)
     11.4 Universal Forest Products, Inc.
     11.5 Fiberon, LLC
     11.6 Timbertech
     11.7 Tamko Building Products, Inc.
     11.8 Axion International, Inc.
     11.9 Beologic N.V.
     11.10 Certainteed
     11.11 Fkur Kunststoff GmbH
     11.12 Josef Ehrler GmbH & Co. Kg
     11.13 Polymera, Inc.
     11.14 Polyplank AB
     11.15 Other Key Players

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Company

12 Appendix (Page No. - 147)
     12.1 Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports


List of Tables (117 Tables)

Table 1 Wood-Plastic Composites Market Segmentation, By Application
Table 2 Wood-Plastic Composites Market Segmentation, By Type
Table 3 Wood-Plastic Composites Market Segmentation, By Region
Table 4 Wood-Plastic Composites Market, By Type, 2014-2021 (KT)
Table 5 Wood-Plastic Composites Market, By Type, 2014-2021 (USD Million)
Table 6 Polyethylene: Wood-Plastic Composites Market, By Region, 2014-2021 (KT)
Table 7 Polyethylene : Wood-Plastic Composites Market, By Region, 2014-2021 (USD Million)
Table 8 Polyvinylchloride: Wood-Plastic Composites Market, By Region, 2014-2021 (KT)
Table 9 Polyvinylchloride: Wood-Plastic Composites Market, By Region, 2014-2021 (USD Million)
Table 10 Polypropylene: Wood-Plastic Composites Market, By Region, 2014-2021 (KT)
Table 11 Polypropylene: Wood-Plastic Composites Market, By Region, 2014-2021 (USD Million)
Table 12 Others: Wood-Plastic Composites Market, By Region, 2014-2021 (KT)
Table 13 Others: Wood-Plastic Composites Market, By Region, 2014-2021 (USD Million)
Table 14 Wood-Plastic Composites Market, By Application, 2014-2021 (KT)
Table 15 Wood-Plastic Composites Market Size, By Application, 2014-2021 (USD Million)
Table 16 Building & Construction: Wood-Plastic Composites Market, By Region, 2014-2021 (KT)
Table 17 Building & Construction: Wood-Plastic Composites Market, By Region, 2014-2021 (USD Million)
Table 18 Automotive Components: Wood-Plastic Composites Market, By Region, 2014-2021(KT)
Table 19 Automotive: Wood-Plastic Composites Market, By Region, 2014-2021 (USD Million)
Table 20 Industrial & Consumer Goods: Wood-Plastic Composites Market, By Region, 2014-2021 (KT)
Table 21 Industrial & Consumer Goods: Wood-Plastic Composites Market, By Region, 2014-2021 (USD Million)
Table 22 Others: Wood-Plastic Composites Market, By Region, 2014-2021 (KT)
Table 23 Others: Wood-Plastic Composites Market, By Region, 2014-2021 (USD Million)
Table 24 Wood-Plastic Composites Market, By Region, 2014-2021 (KT)
Table 25 Wood-Plastic Composites Market, By Region, 2014-2021 (USD Million)
Table 26 North America: Wood-Plastic Composites Market, By Country, 2014-2021 (KT)
Table 27 North America: Wood-Plastic Composites Market, By Country, 2014-2021 (USD Million)
Table 28 U.S.: Wood-Plastic Composites Market, By Type, 2014-2021 (KT)
Table 29 U.S.: Wood-Plastic Composites Market, By Type, 2014-2021 (USD Million)
Table 30 U.S.: Wood-Plastic Composites Market, By Application, 2014-2021 (KT)
Table 31 U.S.: Wood-Plastic Composites Market, By Application, 2014-2021 (USD Million)
Table 32 Canada: Wood-Plastic Composites Market, By Type, 2014-2021 (KT)
Table 33 Canada: Wood-Plastic Composites Market, By Type, 2014-2021 (USD Million)
Table 34 Canada: Wood-Plastic Composites Market, By Application, 2014-2021 (KT)
Table 35 Canada: Wood-Plastic Composites Market, By Application, 2014-2021 (USD Million)
Table 36 Europe: Wood-Plastic Composites Market, By Country, 2014-2021 (KT)
Table 37 Europe: Wood-Plastic Composites Market, By Country, 2014-2021 (USD Million)
Table 38 U.K.: Wood-Plastic Composites Market, By Type, 2014-2021 (KT)
Table 39 U.K.: Wood-Plastic Composites Market, By Type, 2014-2021 (USD Million)
Table 40 U.K.: Wood-Plastic Composites Market, By Application, 2014-2021 (KT)
Table 41 U.K.: Wood-Plastic Composites Market, By Application, 2012-2021 (USD Million)
Table 42 Germany: Wood-Plastic Composites Market, By Type, 2014-2021 (KT)
Table 43 Germany: Wood-Plastic Composites Market, By Type, 2014-2021 (USD Million)
Table 44 Germany: Wood-Plastic Composites Market, By Application, 2014-2021 (KT)
Table 45 Germany: Wood-Plastic Composites Market, By Application, 2014-2021 (USD Million)
Table 46 France: Wood-Plastic Composites Market, By Type, 2014-2021 (KT)
Table 47 France: Wood-Plastic Composites Market, By Type, 2014-2021 (USD Million)
Table 48 France: Wood-Plastic Composites Market, By Application, 2014-20121 (KT)
Table 49 France: Wood-Plastic Composites Market, By Application, 2014-2021(USD Million)
Table 50 Scandinavia: Wood-Plastic Composites Market, By Type, 2014-20121 (KT)
Table 51 Scandinavia: Wood-Plastic Composites Market, By Type, 2014-2021 (USD Million)
Table 52 Scandinavia: Wood-Plastic Composites Market, By Application, 2014-2021 (KT)
Table 53 Scandinavia: Wood-Plastic Composites Market, By Application, 2014-2021 (USD Million)
Table 54 Rest of Europe: Wood-Plastic Composites Market, By Type, 2014-2021 (KT)
Table 55 Rest of Europe: Wood-Plastic Composites Market, By Type, 2014-2021(USD Million)
Table 56 Rest of Europe: Wood-Plastic Composites Market Size, By Application, 2014-2021 (KT)
Table 57 Rest of Europe: Wood-Plastic Composites Market, By Application, 2014-2021 (USD Million)
Table 58 Asia-Pacific: Wood-Plastic Composites Market, By Country, 2014-2021 (KT)
Table 59 Asia-Pacific: Wood-Plastic Composites Market, By Country, 2014-2021 (USD Million)
Table 60 China: Wood-Plastic Composites Market, By Type, 2014-2021 (KT)
Table 61 China: Wood-Plastic Composites Market, By Type, 2014-2021 (USD Million)
Table 62 China: Wood-Plastic Composites Market, By Application, 2014-2021(KT)
Table 63 China: Wood-Plastic Composites Market, By Application, 2014-2021 (USD Million)
Table 64 India: Wood-Plastic Composites Market, By Type, 2014-2021 (KT)
Table 65 India: Wood-Plastic Composites Market, By Type, 2014-2021 (USD Million)
Table 66 India: Wood-Plastic Composites Market, By Application, 2014-2021 (KT)
Table 67 India: Wood-Plastic Composites Market, By Application, 2014-2021 (USD Million)
Table 68 Japan: Wood-Plastic Composites Market, By Type, 2014-2021 (KT)
Table 69 Japan: Wood-Plastic Composites Market, By Type, 2014-2021 (USD Million)
Table 70 Japan: Wood-Plastic Composites Market, By Application, 2014-2021 (KT)
Table 71 Japan: Wood-Plastic Composites Market, By Application, 2014-2021 (USD Million)
Table 72 Rest of Asia-Pacific: Wood-Plastic Composites Market, By Type, 2014-2021 (KT)
Table 73 Rest of Asia-Pacific: Wood-Plastic Composites Market, By Type, 2014-2021 (USD Million)
Table 74 Rest of Asia-Pacific: Wood-Plastic Composites Market, By Application, 2014-2021 (KT)
Table 75 Rest of Asia-Pacific: Wood-Plastic Composites Market, By Application, 2014-2021 (USD Million)
Table 76 RoW: Wood-Plastic Composites Market, By Country, 2014-2021 (KT)
Table 77 RoW: Wood-Plastic Composites Market, By Country, 2014-2021 (USD Million)
Table 78 Brazil: Wood-Plastic Composites Market, By Type, 2014-2021 (KT)
Table 79 Brazil: Wood-Plastic Composites Market, By Type, 2014-2021 (USD Million)
Table 80 Brazil: Wood-Plastic Composites Market, By Application, 2014-2021 (KT)
Table 81 Brazil: Wood-Plastic Composites Market, By Application, 2014-2021 (USD Million)
Table 82 Russia: Wood-Plastic Composites Market, By Type, 2014-2021 (KT)
Table 83 Russia: Wood-Plastic Composites Market, By Type, 2014-2021 (USD Million)
Table 84 Russia: Wood-Plastic Composites Market, By Application, 2014-2021 (KT)
Table 85 Russia: Wood-Plastic Composites Market, By Application, 2014-2021 (USD Million)
Table 86 Australia & New Zealand: Wood-Plastic Composites Market, By Type, 2014-2021 (KT)
Table 87 Australia & New Zealand: Wood-Plastic Composites Market, By Type, 2014-2021 (USD Million)
Table 88 Australia & New Zealand: Wood-Plastic Composites Market, By Application, 2014-2021 (KT)
Table 89 Australia & New Zealand: Wood-Plastic Composites Market, By Application, 2014-2021 (USD Million)
Table 90 Partnerships, Agreements, and Collaborations
Table 91 New Product Launches
Table 92 Expansions
Table 93 Mergers & Acquisitions
Table 94 Trex Company, Inc.: Products Offered
Table 95 Trex Company, Inc.: Recent Developments
Table 96 Advanced Environmental Recycling Technologies, Inc.: Products Offered
Table 97 Advanced Environmental Recycling Technologies, Inc.: Recent Developments
Table 98 Universal Forest Products, Inc.: Products Offered
Table 99 Universal Forest Products, Inc.: Recent Developments
Table 100 Fiberon, LLC: Products Offered
Table 101 Fiberon, LLC: Recent Developments
Table 102 Timbertech: Products Offered
Table 103 Timbertech: Recent Developments
Table 104 Tamko Building Products: Products Offered
Table 105 Tamko Building Products: Recent Developments
Table 106 Axion International, Inc.: Products Offered
Table 107 Axion International, Inc.: Recent Developments
Table 108 Beologic N.V.: Products Offered
Table 109 Certainteed: Products Offered
Table 110 Certainteed: Recent Developments
Table 111 Fkur Kunststoff GmbH: Products Offered
Table 112 Fkur Kunststoff GmbH: Recent Developments
Table 113 Josef Ehrler GmbH & Co. Kg: Products Offered
Table 114 Josef Ehrler GmbH & Co. Kg: Recent Developments
Table 115 Polymera, Inc.: Products Offered
Table 116 Polymera, Inc.: Recent Developments
Table 117 Polyplank AB.: Products Offered


List of Figures (57 Figures)

Figure 1 Wood-Plastic Composites Market: Research Methodology
Figure 2 Breakdown of Primary Interviews, By Company, Designation, and Region
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Building & Construction Application Segment is Expected to Drive the Global Wood-Plastic Composites Market During 2016-2021
Figure 6 Polyethylene Wood-Plastic Composites Segment is Anticipated to Dominate the Market in 2016
Figure 7 Wood-Plastic Composites Market Share, By Region, 2016
Figure 8 Asia-Pacific is Projected to Have the Highest Growth Potential in the Wood-Plastic Composites Market in Terms of Volume, 2016-2021
Figure 9 Wood-Plastic Composites Market is Projected to Register A Healthy Growth During the Forecast Period
Figure 10 Building & Construction Products: the Largest Market Segment
Figure 11 Building & Construction Application to Hold the Maximum Share in Wood-Plastic Composites Market
Figure 12 India is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 13 Building & Construction Segment Projected to Contribute the Largest Share During the Forecast Period
Figure 14 Emerging Nations to Grow Faster Than the Developed Nations
Figure 15 Market in North America on the Verge of Attaining Maturity
Figure 16 Evolution of the Wood-Plastic Composites Market
Figure 17 Increasing Demand From Emerging Markets to Help the Wood-Plastic Composites Market Grow
Figure 18 Value-Chain Analysis: Major Value is Added During Manufacturing Phase
Figure 19 Supply Chain Analysis
Figure 20 Expanding the Global Footprint is A Leading Trend Among the Key Market Players
Figure 21 Porter’s Five Forces Analysis
Figure 22 Strategic Benchmarking: Trex Company, Inc., Fiberon LLC, and Timbertech Adopted Inorganic Growth Strategies for Enhancing Their Global Presence
Figure 23 Strategic Benchmarking: Trex Company Inc. Leads the Market in Terms of New Product Launches
Figure 24 Wood-Plastic Composites Market, By Type (KT)
Figure 25 Polyethylene Wood-Plastic Composites Market, By Region (USD Million)
Figure 26 Asia-Pacific Expected to Drive the Polyvinylchloride Type Wood-Plastic Composites Market
Figure 27 Polyvinylchloride Type Wood-Plastic Composites Market, By Region (USD Million), 2016 & 2021
Figure 28 Polypropylene Wood-Plastic Composites Market, By Region (USD Million)
Figure 29 Other Type Wood-Plastic Composites Market, By Region (KT)
Figure 30 North America Contributed the Largest Share to the Building & Construction Market in 2016
Figure 31 Asia-Pacific Expected to Grow at the Highest CAGR in the Automotive Components Market
Figure 32 Industrial & Consumer Goods Market in Asia-Pacific and RoW Regions to Grow at High CAGR Between 2016-2021
Figure 33 Development of New Niche Products is Expected to Continue to Drive the Market
Figure 34 Emerging Countries Expected to Be New Strategic Locations for Wood-Plastic Composites Manufacturers
Figure 35 U.S. is the Largest Wood-Plastic Composites Market in North America
Figure 36 Germany Expected to Witness the Highest Growth in the European Wood-Plastic Composites Market
Figure 37 Asia-Pacific: Wood-Plastic Composites Market Snapshot – Most Lucrative Opportunities
Figure 38 Key Growth Strategies in the Wood-Plastic Composites Market, 2011-2016
Figure 39 Companies Primarily Adopted Inorganic Growth Strategies in the Last Six Years
Figure 40 Wood-Plastic Composites Market: Year-Wise Share of the Total Developments in the Market, 2011–2016 (Till March)
Figure 41 Geographic Revenue Mix of Top Five Market Players
Figure 42 Trex Company, Inc.: Company Snapshot
Figure 43 Trex Company, Inc. : SWOT Analysis
Figure 44 Advanced Environmental Recycling Technologies, Inc. (AERT): Company Snapshot
Figure 45 Advanced Environmental Recycling Technologies, Inc.: SWOT Analysis
Figure 46 Universal Forest Products, Inc.: Company Snapshot
Figure 47 Universal Forest Products, Inc.: SWOT Analysis
Figure 48 Fiberon, LLC: Company Snapshot
Figure 49 Timbertech: Company Snapshot
Figure 50 Tamko Building Products, Inc.: Company Snapshot
Figure 51 Axion International, Inc.: Company Snapshot
Figure 52 Beologic N.V.: Company Snapshot
Figure 53 Certainteed: Company Snapshot
Figure 54 Fkur Kunststoff GmbH: Company Snapshot
Figure 55 Josef Ehrler GmbH & Co. Kg: Company Snapshot
Figure 56 Polymera, Inc.: Company Snapshot
Figure 57 Polyplank AB: Company Snapshot

The wood-plastic composites market is projected to reach USD 5.84 Billion by 2021, at a CAGR of 12.4% from 2016 to 2021. The key factor for the wood-plastic composites market growth is the increasing demand from the building & construction application.

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. Growing demand for high-performance, low-maintenance, and low-cost building products that are eco-friendly and offer maintenance-free properties is expected to fuel the global demand for wood-plastic composites in coming years. In addition, increasing demand for recyclable and biodegradable materials for manufacturing components, along with the superior mechanical strength, weight reduction, and fuel efficiency characteristics of wood-plastic composites are expected to enhance the demand for these composites during the forecast period.

Based on type, the wood-plastic composites market has been segmented into polyethylene (PE), polyvinylchloride (PVC), polypropylene (PP), and others that includes acrylonitrile butadiene styrene (ABS) and polylactides (PLA). The polyethylene segment contributed the largest share to the wood-plastic composites market, in terms of value, in 2015. Due to its molecular structure and special arrangement of the molecules, polyethylene (PE) is widely used type in wood-plastic composites for producing decking including flooring, lumber, molding strips, furniture materials, wall cladding, hollow boards, hollow filler sections, and profiles.

The wood-plastic composites market in Asia-Pacific is anticipated to grow at the highest CAGR between 2016 and 2021. The economies in China and India have witnessed growth, fuelled by the increased construction activities and investments in the expansion or upgrade of manufacturing facilities. China, Japan, and India are the largest economies in Asia-Pacific and have more opportunities for the growth of wood-plastic composites market in near future. Initiatives taken by governments to promote growth in the manufacturing sectors will further aid the growth of wood-plastic composites market in these countries.

Wood Plastic Composite Market

Estimating the future demand is a prime challenge for the wood-plastic composites market due to the economic slowdown in various parts of the globe in the past decade. Many economies in the North America and European region have still not recovered completely, which has affected the demand for wood-plastic composites from major end-use industries in both regions.

TAMKO Building Products (U.S.), Trex Company, Inc. (U.S.), Axion international Inc. (U.S.), TimberTech (U.S.), and Fiberon LLC (U.S.), among others, are some of the major players that are operating in wood-plastic composites market. These players have a wide market reach with established distribution network and are investing more on research and development activities. They have strong technical and market development capabilities that enable them to upgrade their existing products for new market applications.

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