Wood Plastic Composites Market by Type - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4368972
  • Report
  • Region: Global
  • 220 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Axion International Inc.
  • Beologic N.V.
  • Certainteed Corporation
  • Fiberon LLC.
  • Fkur Kunststoff GmbH
  • Polymera Inc.
  • MORE
The global wood plastic composites market was valued at $2,551 million in 2016, and is expected to reach at $6,584 million by 2023, registering a CAGR of 12.6% from 2017 to 2023. Wood plastic composites (WPC) are derived from wood fiber material, thermoplastic polymers, and additives. They are used as a substitute component to manufacture furniture, automobiles, railings, cladding, decking lumber, molding, and others. These composites have gained traction in the last few years due to potential benefits such as costs savings, durability, recyclability, sustainability, and others.

The global wood plastic composites market is driven by high availability of non-utilized plastic and wood wastes, increase in demand from building & construction applications, and stringent regulations on the use of chemicals in building materials. However, rise in cost of raw materials and issues regarding mechanical strength and/or weight hamper the market growth. Increased utility of biodegradable raw materials is expected to create opportunities in the global WPC market.

The global wood plastic composites market is segmented based on type, application, and geography. Based on type, it is categorized into PE-based composites, PVC-based composites, PP-based composites, and others. Based on application, it is divided into, building & construction, automotive components, industrial & consumer products, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

In 2016, Asia-Pacific occupied the highest market share, followed by North America. Asia-Pacific is expected to account for around half of the share of the global market by 2023, and is expected to witness substantial growth in the emerging countries such as China, India, and South Korea. The prominent players in the global wood plastic composites market focus on product development and agreement as their key strategies to gain significant market share.

The key players profiled in the report are as follows

Advanced Environmental Recycling Technologies Inc.
Axion International, Inc.
Beologic N.V.
Certainteed Corporation
Fiberon LLC.
Fkur Kunststoff GmbH
Polymera, Inc.
Tamko Building Products, Inc.
Timbertech Ltd.
Trex Company Inc.

KEY BENEFITS FOR STAKEHOLDERS

This report provides an extensive analysis of the current trends, emerging estimations, and dynamics in the global wood plastic composites market.
In-depth analysis of market is conducted and estimations for key segments from 2016 to 2023 are provided.
Comprehensive analysis of factors that drive and restrain the market growth is provided.
Market share for all segments with respect to each geographical segment is detailed in the report.

Key market players are profiled and their strategies are analyzed thoroughly, which provides a competitive outlook of the global industry trends.

KEY MARKET SEGMENTS

By Type

PE-based Composites
PVC-based Composites
PP-based Composites
Others

By Application

Building & Construction
Automotive Components
Industrial & Consumer Products
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
UAE
South Africa
Rest of LAMEA

*The other players in the value chain include

Crane Plastics
CPG International LLC.
Findock International Inc.
Guangzhou Kindwood Co. Ltd.
Josef Ehrler GmbH & Co. Kg
North Wood Plastics Inc.
Universal Forest Products, Inc.
Polyplank AB
OnSpec Composites Inc.
Plygem Holdings Inc.

*Profiles of these players are not included in the report, but can be included on request.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Axion International Inc.
  • Beologic N.V.
  • Certainteed Corporation
  • Fiberon LLC.
  • Fkur Kunststoff GmbH
  • Polymera Inc.
  • MORE
CHAPTER 1 INTRODUCTION

1.1. Report description
1.2. Key benefits
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3 MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.2.3. Top player positioning

3.3. PATENT ANALYSIS

3.3.1. Patent analysis by year
3.3.2. Patent analysis by company
3.3.3. Patent analysis by region
3.3.4. Patent analysis by product

3.4. PORTERS FIVE FORCES ANALYSIS

3.4.1. Bargaining power of suppliers
3.4.2. Bargaining power of buyers
3.4.3. Threat of substitutes
3.4.4. Threat of new entrants
3.4.5. Competitive rivalry

3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Environment friendly fuel for the growing building & construction sector
3.5.1.2. Long term solution for energy supply security

3.5.2. Restraints

3.5.2.1. Food vs. fuel
3.5.2.2. Challenges with engine compatibility

3.5.3. Opportunity

3.5.3.1. Alternative fuel due to volatile price change in crude oil

3.6. MARKET SHARE ANALYSIS, 2016 (%)

CHAPTER 4 WOOD PLASTIC COMPOSITES MARKET, BY TYPE

4.1. OVERVIEW

4.1.1. Market Size and forecast

4.2. PE-BASED COMPOSITES

4.2.1. Key Market trends, growth factors, and opportunities
4.2.2. Market size and forecast

4.2.2.1. By Type
4.2.2.2. By Application

4.3. PVC-BASED COMPOSITES

4.3.1. Key Market trends, growth factors, and opportunities
4.3.2. Market size and forecast

4.3.2.1. By Type
4.3.2.2. By Application

4.4. PP-BASED COMPOSITES

4.4.1. Key Market trends, growth factors, and opportunities
4.4.2. Market size and forecast

4.4.2.1. By Geography
4.4.2.2. By Application

4.5. OTHERS

4.5.1. Key Market trends, growth factors, and opportunities
4.5.2. Market size and forecast

4.5.2.1. By Type
4.5.2.2. By Application

CHAPTER 5 WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. BUILDING & CONSTRUCTION

5.2.1. Key Market trends, growth factors, and opportunities
5.2.2. Market size and forecast

5.2.2.1. By Type

5.3. AUTOMOTIVE COMPONENTS

5.3.1. Key Market trends, growth factors, and opportunities
5.3.2. Market size and forecast

5.3.2.1. By Type

5.4. INDUSTRIAL & CONSUMER PRODUCTS

5.4.1. Key Market trends, growth factors, and opportunities
5.4.2. Market size and forecast

5.4.2.1. By Type

5.5. OTHERS

5.5.1. Key Market trends, growth factors, and opportunities
5.5.2. Market size and forecast

5.5.2.1. By Type

CHAPTER 6 GLOBAL WOOD PLASTIC COMPOSITES MARKET, BY GEOGRAPHY

6.1. OVERVIEW

6.1.1. Market Size and Forecast

6.2. NORTH AMERICA

6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast

6.2.2.1. By Type
6.2.2.2. By Application
6.2.2.3. By Country

6.2.3. U.S.

6.2.3.1. Market Size and Forecast

6.2.3.1.1. By Type
6.2.3.1.2. By Application

6.2.4. Canada

6.2.4.1. Market Size and Forecast

6.2.4.1.1. By Type
6.2.4.1.2. By Application

6.2.5. Mexico

6.2.5.1. Market Size and Forecast

6.2.5.1.1. By Type

6.3. EUROPE

6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast

6.3.2.1. By Type
6.3.2.2. By Application
6.3.2.3. By Country

6.3.3. UK

6.3.3.1. Market Size and Forecast

6.3.3.1.1. By Type
6.3.3.1.2. By Application

6.3.4. Germany

6.3.4.1. Market Size and Forecast

6.3.4.1.1. By Type
6.3.4.1.2. By Application

6.3.5. France

6.3.5.1. Market Size and Forecast

6.3.5.1.1. By Type
6.3.5.1.2. By Application

6.3.6. Italy

6.3.6.1. Market Size and Forecast

6.3.6.1.1. By Type
6.3.6.1.2. By Application

6.3.7. Spain

6.3.7.1. Market Size and Forecast

6.3.7.1.1. By Type
6.3.7.1.2. By Application

6.3.8. Rest of Europe

6.3.8.1. Market Size and Forecast

6.3.8.1.1. By Type
6.3.8.1.2. By Application

6.4. ASIA-PACIFIC

6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast

6.4.2.1. By Type
6.4.2.2. By Application
6.4.2.3. By Country

6.4.3. China

6.4.3.1. Market Size and Forecast

6.4.3.1.1. By Type
6.4.3.1.2. By Application

6.4.4. India

6.4.4.1. Market Size and Forecast

6.4.4.1.1. By Type
6.4.4.1.2. By Application

6.4.5. Japan

6.4.5.1. Market Size and Forecast

6.4.5.1.1. By Type
6.4.5.1.2. By Application

6.4.6. Rest of Asia-Pacific

6.4.6.1. Market Size and Forecast

6.4.6.1.1. By Type
6.4.6.1.2. By Application

6.5. LAMEA

6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Market Size and Forecast

6.5.2.1. By Type
6.5.2.2. By Application
6.5.2.3. By Country

6.5.3. Brazil

6.5.3.1. Market Size and Forecast

6.5.3.1.1. By Type
6.5.3.1.2. By Application

6.5.4. UAE

6.5.4.1. Market Size and Forecast

6.5.4.1.1. By Type
6.5.4.1.2. By Application

6.5.5. South Africa

6.5.5.1. Market Size and Forecast

6.5.5.1.1. By Type
6.5.5.1.2. By Application

6.5.6. Rest of LAMEA

6.5.6.1. Market Size and Forecast

6.5.6.1.1. By Type
6.5.6.1.2. By Application

CHAPTER 7 COMPANY PROFILES

7.1. ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES, INC.

7.1.1. Company overview
7.1.2. Operating business segments
7.1.3. Business performance
7.1.4. Key strategies and developments

7.2. AXION INTERNATIONAL, INC.

7.2.1. Company overview
7.2.2. Operating business segments
7.2.3. Business performance
7.2.4. Key strategies and developments

7.3. BEOLOGIC N.V.

7.3.1. Company overview
7.3.2. Operating business segments
7.3.3. Business performance
7.3.4. Key strategies and developments

7.4. CERTAINTEED COPORATION

7.4.1. Company overview
7.4.2. Operating business segments
7.4.3. Business performance
7.4.4. Key strategies and developments

7.5. FIBERON, LLC

7.5.1. Company overview
7.5.2. Operating business segments
7.5.3. Business performance
7.5.4. Key strategies and developments

7.6. FKUR KUNSTSTOFF GMBH

7.6.1. Company overview
7.6.2. Operating business segments
7.6.3. Business performance
7.6.4. Key strategies and developments

7.7. POLYMERA, INC.

7.7.1. Company overview
7.7.2. Operating business segments
7.7.3. Business performance
7.7.4. Key strategies and developments

7.8. TAMKO BUILDING PRODUCTS, INC.

7.8.1. Company overview
7.8.2. Operating business segments
7.8.3. Business performance
7.8.4. Key strategies and developments

7.9. TIMBERTECH LTD.

7.9.1. Company overview
7.9.2. Operating business segments
7.9.3. Business performance
7.9.4. Key strategies and developments

7.10. TREX COMPANY, INC.

7.10.1. Company overview
7.10.2. Operating business segments
7.10.3. Business performance
7.10.4. Key strategies and developments
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FEATURED COMPANIES

  • Axion International Inc.
  • Beologic N.V.
  • Certainteed Corporation
  • Fiberon LLC.
  • Fkur Kunststoff GmbH
  • Polymera Inc.
  • MORE
According to a new report published by Allied Market Research titled, Wood Plastic Composites Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global wood plastic composites (WPC) market was valued at $2,551 million in 2016, and is expected to reach at $6,584 million by 2023, registering a CAGR of 12.6% from 2017 to 2023. Asia-Pacific is expected to dominate the market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.

WPCs are composed of wood or wood flour, plastics, and additives. The source of the materials can be either virgin or recycled material. The demand for materials based on renewable raw materials has risen steadily in the recent years. Furthermore, increase in interest from governments about climate protection and sustainability results in expansion of market size of natural-based materials such as wood plastic composites (WPC).

The factors that drive the growth of the global wood plastic composites market are high availability of non-utilized plastic and wood wastes, increase in demand from building & construction applications, and stringent regulations on the use of chemicals in building materials. However, surge in cost of raw materials and issues with respect to mechanical strength and/or weight hamper the market growth.

The building & construction segment accounted for more than three-fourths share of the global market in 2016, in terms of volume, and is expected to maintain its dominance during the forecast period, owing to its improved performance and appearance characteristics. However, automotive components are also expected to grow with a high rate due to rise in demand for recyclable and lightweight materials.

Key Findings of the Wood Plastic Composites Market:

In terms of value, the building & construction segment is expected to grow at a CAGR of 12.6% during the forecast period.
In Asia-Pacific, China is estimated to grow at the highest CAGR of 12.9%, in terms of value.
PVC-based composites occupied around one-eighth of the global market share in 2016, in terms of volume.
U.S. accounted for over one-fifth of the global market in 2016, and is expected to grow at a significant CAGR of 8.8%, in terms of volume.
In 2016, Asia-Pacific and North America collectively accounted for over three-fourths share of the global market, by volume, while Asia-Pacific is expected to grow at a higher rate during the forecast period. Furthermore, high demand from the emerging countries, such as South Korea, India, and China, is estimated to drive the market growth.

The major companies profiled in the report include, Advanced Environmental Recycling Technologies, Inc., Axion International, Inc., Beologic N.V., Certainteed Corporation, Fiberon, LLC., Fkur Kunststoff GmbH, Polymera, Inc., Tamko Building Products, Inc., Timbertech Ltd., and Trex Company, Inc.
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  • Advanced Environmental Recycling Technologies Inc.
  • Axion International Inc.
  • Beologic N.V.
  • Certainteed Corporation
  • Fiberon LLC.
  • Fkur Kunststoff GmbH
  • Polymera Inc.
  • Tamko Building Products Inc.
  • Timbertech Ltd.
  • Trex Company Inc.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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