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.
Fkur Kunststoff GmbH
Tamko Building Products, Inc.
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
Building & Construction
Industrial & Consumer Products
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
*The other players in the value chain include
CPG International LLC.
Findock International Inc.
Guangzhou Kindwood Co. Ltd.
Josef Ehrler GmbH & Co. Kg
North Wood Plastics Inc.
Universal Forest Products, Inc.
OnSpec Composites Inc.
Plygem Holdings Inc.
*Profiles of these players are not included in the report, but can be included on request.
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
220.127.116.11. Environment friendly fuel for the growing building & construction sector
18.104.22.168. Long term solution for energy supply security
22.214.171.124. Food vs. fuel
126.96.36.199. Challenges with engine compatibility
188.8.131.52. Alternative fuel due to volatile price change in crude oil
3.6. MARKET SHARE ANALYSIS, 2016 (%)
CHAPTER 4 WOOD PLASTIC COMPOSITES MARKET, BY TYPE
4.1.1. 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
184.108.40.206. By Type
220.127.116.11. By Application
4.3. PVC-BASED COMPOSITES
4.3.1. Key Market trends, growth factors, and opportunities
4.3.2. Market size and forecast
18.104.22.168. By Type
22.214.171.124. By Application
4.4. PP-BASED COMPOSITES
4.4.1. Key Market trends, growth factors, and opportunities
4.4.2. Market size and forecast
126.96.36.199. By Geography
188.8.131.52. By Application
4.5.1. Key Market trends, growth factors, and opportunities
4.5.2. Market size and forecast
184.108.40.206. By Type
220.127.116.11. By Application
CHAPTER 5 WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION
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
18.104.22.168. By Type
5.3. AUTOMOTIVE COMPONENTS
5.3.1. Key Market trends, growth factors, and opportunities
5.3.2. Market size and forecast
22.214.171.124. By Type
5.4. INDUSTRIAL & CONSUMER PRODUCTS
5.4.1. Key Market trends, growth factors, and opportunities
5.4.2. Market size and forecast
126.96.36.199. By Type
5.5.1. Key Market trends, growth factors, and opportunities
5.5.2. Market size and forecast
188.8.131.52. By Type
CHAPTER 6 GLOBAL WOOD PLASTIC COMPOSITES MARKET, BY GEOGRAPHY
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
184.108.40.206. By Type
220.127.116.11. By Application
18.104.22.168. By Country
22.214.171.124. Market Size and Forecast
126.96.36.199.1. By Type
188.8.131.52.2. By Application
184.108.40.206. Market Size and Forecast
220.127.116.11.1. By Type
18.104.22.168.2. By Application
22.214.171.124. Market Size and Forecast
126.96.36.199.1. By Type
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast
188.8.131.52. By Type
184.108.40.206. By Application
220.127.116.11. By Country
18.104.22.168. Market Size and Forecast
22.214.171.124.1. By Type
126.96.36.199.2. By Application
188.8.131.52. Market Size and Forecast
184.108.40.206.1. By Type
220.127.116.11.2. By Application
18.104.22.168. Market Size and Forecast
22.214.171.124.1. By Type
126.96.36.199.2. By Application
188.8.131.52. Market Size and Forecast
184.108.40.206.1. By Type
220.127.116.11.2. By Application
18.104.22.168. Market Size and Forecast
22.214.171.124.1. By Type
126.96.36.199.2. By Application
6.3.8. Rest of Europe
188.8.131.52. Market Size and Forecast
184.108.40.206.1. By Type
220.127.116.11.2. By Application
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast
18.104.22.168. By Type
22.214.171.124. By Application
126.96.36.199. By Country
188.8.131.52. Market Size and Forecast
184.108.40.206.1. By Type
220.127.116.11.2. By Application
18.104.22.168. Market Size and Forecast
22.214.171.124.1. By Type
126.96.36.199.2. By Application
188.8.131.52. Market Size and Forecast
184.108.40.206.1. By Type
220.127.116.11.2. By Application
6.4.6. Rest of Asia-Pacific
18.104.22.168. Market Size and Forecast
22.214.171.124.1. By Type
126.96.36.199.2. By Application
6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Market Size and Forecast
188.8.131.52. By Type
184.108.40.206. By Application
220.127.116.11. By Country
18.104.22.168. Market Size and Forecast
22.214.171.124.1. By Type
126.96.36.199.2. By Application
188.8.131.52. Market Size and Forecast
184.108.40.206.1. By Type
220.127.116.11.2. By Application
6.5.5. South Africa
18.104.22.168. Market Size and Forecast
22.214.171.124.1. By Type
126.96.36.199.2. By Application
6.5.6. Rest of LAMEA
188.8.131.52. Market Size and Forecast
184.108.40.206.1. By Type
220.127.116.11.2. 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
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.
- 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.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.