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Wood Plastic Composites Market By Application, By Type: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 250 Pages
  • May 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640278
The global wood plastic composites market was valued at $5.4 billion in 2020, and is projected to reach $12.6 billion by 2030, growing at a CAGR of 8.9% from 2021 to 2030.

Wood plastic composite is a composite material made from sawdust and plastic as a polymer like PE-based composites, recycled plastics, polyvinyl chloride (PVC)-based, and polypropylene (PP), which provides bonding sustainability, longevity, and cost savings in various applications, such as car interiors, home furniture, and kitchen accessories. Wood-plastic composites offer high durability, bending strength, shear strength, low moisture content, and low water absorption compared to traditional wood products. These properties make them suitable for use in railings, windows, doors, exterior trims, fences, flooring, and interior moldings. Thus, owing to aforementioned factors there is increase in demand for wood plastic composites in the automotive and construction industries.

There is increase in need for wood plastics in construction industry, which is a key market driver for the growth. Wood plastics are used in the majority of consortium markets, owing to their unique characteristics. There is increase in use of cosmopolites made of wood polymers. This increase in adoption drives the market growth market. Wood plastics overpower all other composites in terms of aesthetics and physical properties. The fusion of wood and plastic composites offers more benefits for construction projects all across the globe. However, lack of awareness among people regarding use of wood plastic composites hinders the market growth. Furthermore, eco-friendly green composites are cost-efficient as well as safe for the environment. The use of plant fibers and plant-based materials are used in their composites that make them efficient. The emergence of green composites is expected to provide lucrative growth opportunities for the wood plastic composites market.

The wood plastic composites market is segmented on the basis of type, application, and region. By type, it is segregated into polyethylene, polyvinylchloride, polypropylene, and others. On the basis of application, it is fragmented into building & construction, automotive components, industrial & consumer products, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in this report include AIMPLAS, Beologic N.V., Dow, FKuR, Fortune Brands, JELU-WERK J. Ehrler GmbH & Co. KG, Renolit SE, TimberTech, Trex Company, Inc., Universal Forest Products, Inc. The global wood plastic composites market report provides in-depth competitive analysis as well as profiles of these major players. The global wood plastic composites market report provides in-depth competitive analysis as well as profiles of these major players.

Impact of COVID-19 on Global Wood Plastic Composites Market

  • The outbreak of COVID-19 led to partial or complete shutdown of production facilities that do not come under essential goods, owing to prolonged lockdown in major countries, including the U.S., China, Japan, India, and Germany. It led to either closure or suspension of their production activities in most of the industrial units across the globe.
  • COVID-19 proved to be a major challenge for the wood plastic composite market. The outbreak of coronavirus disrupted the supply chain and postponed the deliveries of wood composites and other raw materials from yards, due to lockdown and shortages of staff.
  • Industries are being shut down all across the world. People's purchasing power is decreasing, which has a direct impact on the automobile and construction industries, lowering demand for wood-plastic composites and limiting industry growth.
  • During this time, the construction industry suffered numerous losses. It's because of the high use of wood plastics. Construction, on the other hand, come to a halt. The need for wood plastics and composites is dwindling. Demand for the wood plastics and composites declined since 2020. Due to supply chain challenges, the markets experience difficulties in import and export. However, the demand for wood plastics has increased since 2021. New developments will create much more growth in the wood plastics composite industry.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the wood plastic composites market analysis from 2020 to 2030 to identify the prevailing wood plastic composites market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the wood plastic composites market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global wood plastic composites market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments


By Application

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

By Type

  • Polyvinylchloride
  • Polypropylene
  • Others
  • Polyethylene

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa,
  • Saudi Arabia
  • Rest of LAMEA

Key Market Players

  • TIMBERTECH LTD.
  • TREX COMPANY, INC.
  • BEOLOGIC N.V.
  • FKUR KUNSTSTOFF GMBH
  • AIMPLAS
  • Dow
  • Fortune Brands Inc.
  • JELU-WERK J. Ehrler GmbH & Co. KG
  • Renolit SE
  • Universal Forest Products, Inc.
Frequently Asked Questions about the Global Wood Plastic Composites Market

What is the estimated value of the Global Wood Plastic Composites Market?

The Global Wood Plastic Composites Market was estimated to be valued at $5.4 billion in 2020.

What is the growth rate of the Global Wood Plastic Composites Market?

The growth rate of the Global Wood Plastic Composites Market is 8.8%, with an estimated value of $12.6 billion by 2030.

What is the forecasted size of the Global Wood Plastic Composites Market?

The Global Wood Plastic Composites Market is estimated to be worth $12.6 billion by 2030.

Who are the key companies in the Global Wood Plastic Composites Market?

Key companies in the Global Wood Plastic Composites Market include TIMBERTECH LTD., TREX COMPANY, INC., BEOLOGIC N.V., FKUR KUNSTSTOFF GMBH, AIMPLAS, Dow, Fortune Brands Inc., JELU and Renolit SE.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Regulatory Guidelines
3.9. Value Chain Analysis
3.10. Patent Landscape
3.11. Market Share Analysis
CHAPTER 4: WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION
4.1 Overview
4.1.1 Market size and forecast
4.2 Building and Construction
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Automotive Components
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Industrial and Consumer Products
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
CHAPTER 5: WOOD PLASTIC COMPOSITES MARKET, BY TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Polyethylene
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Polyvinylchloride
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Polypropylene
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
CHAPTER 6: WOOD PLASTIC COMPOSITES MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Application
6.2.3 North America Market size and forecast, by Type
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Application
6.2.4.1.2 Market size and forecast, by Type
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Application
6.2.4.2.2 Market size and forecast, by Type
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Application
6.2.4.3.2 Market size and forecast, by Type
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Application
6.3.3 Europe Market size and forecast, by Type
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Application
6.3.4.1.2 Market size and forecast, by Type
6.3.4.2 U.K.
6.3.4.2.1 Market size and forecast, by Application
6.3.4.2.2 Market size and forecast, by Type
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Application
6.3.4.3.2 Market size and forecast, by Type
6.3.4.4 Italy
6.3.4.4.1 Market size and forecast, by Application
6.3.4.4.2 Market size and forecast, by Type
6.3.4.5 Spain
6.3.4.5.1 Market size and forecast, by Application
6.3.4.5.2 Market size and forecast, by Type
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Application
6.3.4.6.2 Market size and forecast, by Type
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Application
6.4.3 Asia-Pacific Market size and forecast, by Type
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Application
6.4.4.1.2 Market size and forecast, by Type
6.4.4.2 India
6.4.4.2.1 Market size and forecast, by Application
6.4.4.2.2 Market size and forecast, by Type
6.4.4.3 Japan
6.4.4.3.1 Market size and forecast, by Application
6.4.4.3.2 Market size and forecast, by Type
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Application
6.4.4.4.2 Market size and forecast, by Type
6.4.4.5 Rest of Asia-Pacific
6.4.4.5.1 Market size and forecast, by Application
6.4.4.5.2 Market size and forecast, by Type
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Application
6.5.3 LAMEA Market size and forecast, by Type
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Application
6.5.4.1.2 Market size and forecast, by Type
6.5.4.2 South Africa,
6.5.4.2.1 Market size and forecast, by Application
6.5.4.2.2 Market size and forecast, by Type
6.5.4.3 Saudi Arabia
6.5.4.3.1 Market size and forecast, by Application
6.5.4.3.2 Market size and forecast, by Type
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Market size and forecast, by Application
6.5.4.4.2 Market size and forecast, by Type
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 TIMBERTECH LTD.
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 TREX COMPANY, INC.
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 BEOLOGIC N.V.
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 FKUR KUNSTSTOFF GMBH
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 AIMPLAS
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Dow
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Fortune Brands Inc.
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 JELU-WERK J. Ehrler GmbH & Co. KG
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Renolit SE
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Universal Forest Products, Inc.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 2. Wood Plastic Composites Market Revenue, for Building and Construction, by Region, 2020-2030, ($Million)
Table 3. Wood Plastic Composites Market for Building and Construction by Country, 2020-2030, ($Million)
Table 4. Wood Plastic Composites Market Revenue, for Automotive Components, by Region, 2020-2030, ($Million)
Table 5. Wood Plastic Composites Market for Automotive Components by Country, 2020-2030, ($Million)
Table 6. Wood Plastic Composites Market Revenue, for Industrial and Consumer Products, by Region, 2020-2030, ($Million)
Table 7. Wood Plastic Composites Market for Industrial and Consumer Products by Country, 2020-2030, ($Million)
Table 8. Wood Plastic Composites Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 9. Wood Plastic Composites Market for Others by Country, 2020-2030, ($Million)
Table 10. Global Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 11. Wood Plastic Composites Market Revenue, for Polyethylene, by Region, 2020-2030, ($Million)
Table 12. Wood Plastic Composites Market for Polyethylene by Country, 2020-2030, ($Million)
Table 13. Wood Plastic Composites Market Revenue, for Polyvinylchloride, by Region, 2020-2030, ($Million)
Table 14. Wood Plastic Composites Market for Polyvinylchloride by Country, 2020-2030, ($Million)
Table 15. Wood Plastic Composites Market Revenue, for Polypropylene, by Region, 2020-2030, ($Million)
Table 16. Wood Plastic Composites Market for Polypropylene by Country, 2020-2030, ($Million)
Table 17. Wood Plastic Composites Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 18. Wood Plastic Composites Market for Others by Country, 2020-2030, ($Million)
Table 19. Wood Plastic Composites Market, by Region, 2020-2030, ($Million)
Table 20. North America Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 21. North America Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 22. North America Wood Plastic Composites Market, by Country, 2020-2030, ($Million)
Table 23. U.S. Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 24. U.S. Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 25. Canada Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 26. Canada Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 27. Mexico Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 28. Mexico Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 29. Europe Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 30. Europe Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 31. Europe Wood Plastic Composites Market, by Country, 2020-2030, ($Million)
Table 32. Germany Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 33. Germany Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 34. U.K. Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 35. U.K. Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 36. France Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 37. France Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 38. Italy Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 39. Italy Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 40. Spain Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 41. Spain Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 42. Rest of Europe Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 43. Rest of Europe Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 44. Asia-Pacific Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 45. Asia-Pacific Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 46. Asia-Pacific Wood Plastic Composites Market, by Country, 2020-2030, ($Million)
Table 47. China Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 48. China Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 49. India Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 50. India Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 51. Japan Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 52. Japan Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 53. South Korea Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 54. South Korea Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 55. Rest of Asia-Pacific Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 56. Rest of Asia-Pacific Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 57. LAMEA Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 58. LAMEA Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 59. LAMEA Wood Plastic Composites Market, by Country, 2020-2030, ($Million)
Table 60. Brazil Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 61. Brazil Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 62. South Africa, Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 63. South Africa, Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 64. Saudi Arabia Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 65. Saudi Arabia Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 66. Rest of LAMEA Wood Plastic Composites Market, by Application, 2020-2030, ($Million)
Table 67. Rest of LAMEA Wood Plastic Composites Market, by Type, 2020-2030, ($Million)
Table 68. Timbertech Ltd.: Company Snapshot
Table 69. Timbertech Ltd.: Operating Segments
Table 70. Timbertech Ltd.: Product Portfolio
Table 71. Timbertech Ltd.: Net Sales
Table 72. Timbertech Ltd.: Key Stratergies
Table 73. Trex Company, Inc.: Company Snapshot
Table 74. Trex Company, Inc.: Operating Segments
Table 75. Trex Company, Inc.: Product Portfolio
Table 76. Trex Company, Inc.: Net Sales
Table 77. Trex Company, Inc.: Key Stratergies
Table 78. Beologic N.V.: Company Snapshot
Table 79. Beologic N.V.: Operating Segments
Table 80. Beologic N.V.: Product Portfolio
Table 81. Beologic N.V.: Net Sales
Table 82. Beologic N.V.: Key Stratergies
Table 83. Fkur Kunststoff GmbH: Company Snapshot
Table 84. Fkur Kunststoff GmbH: Operating Segments
Table 85. Fkur Kunststoff GmbH: Product Portfolio
Table 86. Fkur Kunststoff GmbH: Net Sales
Table 87. Fkur Kunststoff GmbH: Key Stratergies
Table 88. Aimplas: Company Snapshot
Table 89. Aimplas: Operating Segments
Table 90. Aimplas: Product Portfolio
Table 91. Aimplas: Net Sales
Table 92. Aimplas: Key Stratergies
Table 93. Dow: Company Snapshot
Table 94. Dow: Operating Segments
Table 95. Dow: Product Portfolio
Table 96. Dow: Net Sales
Table 97. Dow: Key Stratergies
Table 98. Fortune Brands Inc.: Company Snapshot
Table 99. Fortune Brands Inc.: Operating Segments
Table 100. Fortune Brands Inc.: Product Portfolio
Table 101. Fortune Brands Inc.: Net Sales
Table 102. Fortune Brands Inc.: Key Stratergies
Table 103. Jelu-Werk J. Ehrler GmbH & Co. Kg: Company Snapshot
Table 104. Jelu-Werk J. Ehrler GmbH & Co. Kg: Operating Segments
Table 105. Jelu-Werk J. Ehrler GmbH & Co. Kg: Product Portfolio
Table 106. Jelu-Werk J. Ehrler GmbH & Co. Kg: Net Sales
Table 107. Jelu-Werk J. Ehrler GmbH & Co. Kg: Key Stratergies
Table 108. Renolit Se: Company Snapshot
Table 109. Renolit Se: Operating Segments
Table 110. Renolit Se: Product Portfolio
Table 111. Renolit Se: Net Sales
Table 112. Renolit Se: Key Stratergies
Table 113. Universal Forest Products, Inc. : Company Snapshot
Table 114. Universal Forest Products, Inc. : Operating Segments
Table 115. Universal Forest Products, Inc. : Product Portfolio
Table 116. Universal Forest Products, Inc. : Net Sales
Table 117. Universal Forest Products, Inc. : Key Stratergies
LIST OF FIGURES
Figure 1. Wood Plastic Composites Market Segmentation
Figure 2. Wood Plastic Composites Market, 2020-2030
Figure 3. Wood Plastic Composites Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Wood Plastic Composites Market:Drivers, Restraints and Opportunities
Figure 12. Pricing Analysis
Figure 13. Regulatory Guidelines
Figure 14. Value Chain Analysis
Figure 15. Patent Analysis by Company
Figure 16. Patent Analysis by Country
Figure 17. Market Share Analysis
Figure 18. Wood Plastic Composites Market, by Application, 2020 (%)
Figure 19. Comparative Share Analysis of Building and Construction Wood Plastic Composites Market, 2020-2030 (%)
Figure 20. Comparative Share Analysis of Automotive Components Wood Plastic Composites Market, 2020-2030 (%)
Figure 21. Comparative Share Analysis of Industrial and Consumer Products Wood Plastic Composites Market, 2020-2030 (%)
Figure 22. Comparative Share Analysis of Others Wood Plastic Composites Market, 2020-2030 (%)
Figure 23. Wood Plastic Composites Market, by Type, 2020 (%)
Figure 24. Comparative Share Analysis of Polyethylene Wood Plastic Composites Market, 2020-2030 (%)
Figure 25. Comparative Share Analysis of Polyvinylchloride Wood Plastic Composites Market, 2020-2030 (%)
Figure 26. Comparative Share Analysis of Polypropylene Wood Plastic Composites Market, 2020-2030 (%)
Figure 27. Comparative Share Analysis of Others Wood Plastic Composites Market, 2020-2030 (%)
Figure 28. Wood Plastic Composites Market by Region, 2020
Figure 29. U.S. Wood Plastic Composites Market, 2020-2030 ($Million)
Figure 30. Canada Wood Plastic Composites Market, 2020-2030 ($Million)
Figure 31. Mexico Wood Plastic Composites Market, 2020-2030 ($Million)
Figure 32. Germany Wood Plastic Composites Market, 2020-2030 ($Million)
Figure 33. U.K. Wood Plastic Composites Market, 2020-2030 ($Million)
Figure 34. France Wood Plastic Composites Market, 2020-2030 ($Million)
Figure 35. Italy Wood Plastic Composites Market, 2020-2030 ($Million)
Figure 36. Spain Wood Plastic Composites Market, 2020-2030 ($Million)
Figure 37. Rest of Europe Wood Plastic Composites Market, 2020-2030 ($Million)
Figure 38. China Wood Plastic Composites Market, 2020-2030 ($Million)
Figure 39. India Wood Plastic Composites Market, 2020-2030 ($Million)
Figure 40. Japan Wood Plastic Composites Market, 2020-2030 ($Million)
Figure 41. South Korea Wood Plastic Composites Market, 2020-2030 ($Million)
Figure 42. Rest of Asia-Pacific Wood Plastic Composites Market, 2020-2030 ($Million)
Figure 43. Brazil Wood Plastic Composites Market, 2020-2030 ($Million)
Figure 44. South Africa, Wood Plastic Composites Market, 2020-2030 ($Million)
Figure 45. Saudi Arabia Wood Plastic Composites Market, 2020-2030 ($Million)
Figure 46. Rest of LAMEA Wood Plastic Composites Market, 2020-2030 ($Million)
Figure 47. Top Winning Strategies, by Year
Figure 48. Top Winning Strategies, by Development
Figure 49. Top Winning Strategies, by Company
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap of Top 10 Key Players
Figure 53. Timbertech Ltd. Net Sales, ($Million)
Figure 54. Trex Company, Inc. Net Sales, ($Million)
Figure 55. Beologic N.V. Net Sales, ($Million)
Figure 56. Fkur Kunststoff GmbH.: Net Sales, ($Million)
Figure 57. Aimplas.: Net Sales, ($Million)
Figure 58. Dow.: Net Sales, ($Million)
Figure 59. Fortune Brands Inc. Net Sales, ($Million)
Figure 60. Jelu-Werk J. Ehrler GmbH & Co. KG.: Net Sales, ($Million)
Figure 61. Renolit SE.: Net Sales, ($Million)
Figure 62. Universal Forest Products, Inc. .: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Wood Plastic Composites Market,' the wood plastic composites market was valued at $5.4 billion in 2020, and is estimated to reach $12.6 billion by 2030, growing at a CAGR of 8.9% from 2021 to 2030.

Wood plastic composites comprises recycled plastic and wood wastes with beneficial features, such as reduced melting temperature resulting in lower energy costs for producers and further reducing the environmental impact of the product. There is increase in demand for these composites among the plastic additives. Innovative use for wood-based composites are constantly accomplished. These hybrid materials provide sustainability, longevity, and cost savings in various applications, such as car speakers, interiors, home furniture, and kitchen accessories.

The global wood plastic composites market is driven by high availability of non-utilized plastic and wood wastes, increase in demand for decking, molding & sliding, and fencing in building & construction applications, and stringent regulations on the use of chemicals in building materials. However, rise in cost of raw materials and issues related to mechanical strength and/or weight hamper their potential for several structural applications. Conversely, increase in implementation of biodegradable raw materials is expected to create opportunities in the global wood plastic composites market. Market players have adopted merger as their key strategy to widen their brand portfolios and expand their market reach.

The wood plastic composites market is segmented on the basis of type, application, and region. By type, it is segregated into polyethylene, polyvinylchloride, polypropylene, and others. On the basis of application, it is fragmented into building & construction, automotive components, industrial & consumer products, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

According to type, the polypropylene segment is projected to hold a 69.4% market share in the market in 2020. The polypropylene segment is anticipated to see a boom, over the forecast period, owing to its heavy use in the niche application segments, such as water resistant coatings on furniture and high temperature controllable wooden units.

By application, the building & construction segment is projected to contribute a 73.0% market share in the market in 2020. 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.

Region wise, the demand for wood plastic composite in the China is expected to grow significantly over the forecast period on account of the rising application scope of wood plastic composite in manufacturing docks, porches, and window frames. In addition, growing demand for bio-based plastics in landscaping and street construction is anticipated to further propel market growth over the coming years.

The major companies profiled in this report include, AIMPLAS, Beologic N.V., Dow, FKuR, Fortune Brands, JELU-WERK J. Ehrler GmbH & Co. KG, Renolit SE, TimberTech, Trex Company, Inc., Universal Forest Products, Inc. These players have adopted strategies such as product launch and business expansion to sustain the competition and to strengthen their foothold in the market.

Key Findings of Study

  • Region-wise, Asia-Pacific is projected to grow at the highest CAGR of nearly 9.1%, in terms of revenue, during the forecast period.
  • On the basis of application, the building & construction segment accounted for the largest market share in 2020.
Depending on type, the polypropylene segment garnered the highest share in 2020.

IMPACT OF COVID-19 on Global Wood Plastic Composites Market

  • The outbreak of COVID-19 led to partial or complete shutdown of production facilities that do not come under essential goods, owing to prolonged lockdown in major countries, including the U.S., China, Japan, India, and Germany. It led to either closure or suspension of their production activities in most of the industrial units across the globe.
  • COVID-19 proved to be a major challenge for the wood plastic composite market. The outbreak of coronavirus has disrupted the supply chain and postponed the deliveries of wood composites and other raw materials from yards, due to lockdown and shortages of staff.
  • Industries are being shut down all across the world. People's purchasing power is decreasing, which has a direct impact on the automobile and construction industries, lowering demand for wood-plastic composites and limiting industry growth.
During this time, the construction industry suffered numerous losses. It's because of the high use of wood plastics. Construction, on the other hand, come to a halt. The need for wood plastics and composites is dwindling. Demand for the wood plastics and composites declined since 2020. Due to supply chain challenges, the markets experience difficulties in import and export. However, the demand for wood plastics has increased since 2021. New developments will create much more growth in the wood plastics composite industry.

Companies Mentioned

  • TIMBERTECH LTD.
  • TREX COMPANY, INC.
  • BEOLOGIC N.V.
  • FKUR KUNSTSTOFF GMBH
  • AIMPLAS
  • Dow
  • Fortune Brands Inc.
  • JELU-WERK J. Ehrler GmbH & Co. KG
  • Renolit SE
  • Universal Forest Products, Inc.

Methodology

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.

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