Wood Plastic Composite Market, By Type, By Application, By Geography

Description

The global wood plastic composite market is estimated to be valued at USD 8.24 Bn in 2024 and is expected to reach USD 15.84 Bn by 2031, growing at a compound annual growth rate (CAGR) of 9.8% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 8.24 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	9.80%	2031 Value Projection:	US$ 15.84 Bn

Figure. Wood Plastic Composite Market Share (%), By Region 2024

The global wood plastic composite market has been gaining significant traction in the recent years, primarily driven by rising environmental concerns. Wood plastic composites are manufactured from recycled plastic and reclaimed wood scraps, making them a sustainable alternative to conventional woods and plastics. They offer superior properties such as durability, weather-resistance, and lower maintenance. These composites find wide applications in decking, automotive, building materials, and other industries due to their lightweight and high strength characteristics. Furthermore, favorable government policies and regulations supporting the use of eco-friendly materials are augmenting the market growth. However, high production costs and competition from substitutes may challenge the industry to a certain extent. Overall, the wood plastic composite market is expected to flourish at a healthy pace during the forecast period.

Market Dynamics:

The key factors driving the growth of global wood plastic composite market include rising environmental concerns regarding plastic waste, shifting preference towards sustainable construction materials, and growing necessity to reduce dependency on tropical hardwoods. In addition, improving economy and the expanding construction industry in developing nations are providing a boost to the market. On the other hand, high raw material and production costs and competition from cheaper substitutes are some of the major factors hindering the market growth. Meanwhile, ongoing R&D in material science technologies for developing advanced wood plastic composites with enhanced properties as well as expanding applications in consumer goods and automotive present significant opportunities for the industry players. The market is expected to witness challenges from stringent regulations regarding the use of plastic in building constructions and fluctuations in raw material prices.

Key Features of the Study:

This report provides an in-depth analysis of the global wood plastic composite market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global wood plastic composite market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Advanced Environmental Recycling Technologies, Inc , Trex Company, Inc. , Advanced Environmental Recycling Technologies, Inc. , Axion International Holdings, Inc., Fiberon, LLC , TAMKO Building Products, Inc. , UPM-Kymmene Corporation , Universal Forest Products, Inc. , CertainTeed Corporation, TimberTech , Green Bay Decking, LLC, Polyplank AB , Beologic N.V. , FKuR Kunststoff GmbH , Green Resources Material, Universal Forest Product, Techwoodn , Perth Wood Plastic Composite Co., Ltd, Shanghai Seven Trust Industry Co., Ltd. , EverJade Group Limited , and Sentai WPC.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global wood plastic composite market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global wood plastic composite market.

Detailed Segmentation-

By Type:
- PE-based Composites
- PVC-based Composites
- PP-based Composites
- Others
By Application:
- Building and Construction
- Decking
- Molding & siding
- Fencing
- Automotive Components
- Industrial and Consumer Goods
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Advanced Environmental Recycling Technologies, Inc
- Trex Company, Inc.
- Advanced Environmental Recycling Technologies, Inc.
- Axion International Holdings, Inc.
- Fiberon, LLC
- TAMKO Building Products, Inc.
- UPM-Kymmene Corporation
- Universal Forest Products, Inc.
- CertainTeed Corporation
- TimberTech
- Green Bay Decking, LLC
- Polyplank AB
- Beologic N.V.
- FKuR Kunststoff GmbH
- Green Resources Material
- Universal Forest Product
- Techwoodn
- Perth Wood Plastic Composite Co., Ltd
- Shanghai Seven Trust Industry Co., Ltd.
- EverJade Group Limited
- Sentai WPC

Product Code: CMI4849

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions

4. Global Wood Plastic Composite Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Wood Plastic Composite Market
Impact Analysis

5. Global Wood Plastic Composite Market, By Type, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
PE-based Composites
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
PVC-based Composites
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
PP-based Composites
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Wood Plastic Composite Market, By Application, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Building and Construction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Sub Segment Trends
Decking
Molding & siding
Fencing
Automotive Components
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Industrial and Consumer Goods
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Wood Plastic Composite Market, By Region, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
North America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - U.S.
  - Canada
  - Latin America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn & KT))
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031 (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Advanced Environmental Recycling Technologies, Inc
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Trex Company, Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Advanced Environmental Recycling Technologies, Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Axion International Holdings, Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Fiberon, LLC
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- TAMKO Building Products, Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- UPM-Kymmene Corporation
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Universal Forest Products, Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- CertainTeed Corporation
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- TimberTech
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Green Bay Decking, LLC
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Polyplank AB
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Beologic N.V.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- FKuR Kunststoff GmbH
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Green Resources Material
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Universal Forest Product
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Techwoodn
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Perth Wood Plastic Composite Co., Ltd
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Shanghai Seven Trust Industry Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- EverJade Group Limited
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Sentai WPC
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on Global Wood Plastic Composite Market" - Global forecast to 2031.