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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1512772
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1512772
Wood Plastic Composites Market Share, Size, Trends, Industry Analysis Report, By Application (Building & Construction Products, Automotive Components, Industrial & Consumer Goods, Others); By Type; By Region; Segment Forecast, 2024 - 2032
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The global wood plastic composites market size is expected to reach USD 17.54 billion by 2032, according to a new study by Polaris Market Research. The report " Wood Plastic Composites Market Share, Size, Trends, Industry Analysis Report, By Application (Building & Construction Products, Automotive Components, Industrial & Consumer Goods, Others); By Type; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The region's high growth in a wood plastic composite is mainly due to increased demand from building & construction applications, growing demand for recyclable materials in the automobile industry, and government initiatives. Since wood-plastic composites are used on a large scale to reduce vehicle weight, this advancement is predicted to affect the industry directly.
It is made using recyclable materials and generates less hazardous waste. Due to this characteristic, the consumer has turned to the need to protect the environment. It helps reduce deforestation as the wood used in the wood-plastic composite is a byproduct of the furniture industry. These factors have contributed to driving the global market.
In this, natural wood, such as sawdust and wood shavings, is combined with plastic fibers. In addition to increasing durability, it increases moisture resistance. As well as the general properties of each component, the manufacturer's preference plays a significant role in material selection.
It is primarily used as a flooring material for balconies and terraces due to its lightweight. As a durable, antibacterial, non-corrosive material, it is widely used in kitchens, wall cladding, bathrooms, and false ceilings.
Wood Plastic Composites Market Report Highlights
The polyethylene segment is anticipated to grow at a significant CAGR over the forecast period owing to its molecular arrangement and distinct structure of the molecules.
Building and construction accounted for a significant revenue share. This Composites are mainly used in the construction industry because decking has seen a higher demand and more growth. The use of mixtures in flooring has more importance because it helps in improving the quality of concrete materials and also helps to improve strength and durability.
Asia Pacific is expected to grow at a lucrative CAGR over the projected period on account of the Increase in building and construction activities in the Asia-Pacific countries, such as China and India. There is a steep increase in the people's spending power in this region.
The global market is highly competitive due to the existence of large market players with a worldwide presence, including Seven Trust., Advanced Environmental Recycling Technologies, Inc. (AERT)., Meghmani Group, Teknor Apex Co., UFP Industries, Inc., Josef Ehrler GmbH & Co KG.
Polaris Market Research has segmented the wood plastic composites market report based on type, application, and region:
Wood Plastic Composite, Type Outlook (Revenue - USD Billion, 2019-2032)
- Polyvinylchloride
- Polypropylene
- Polyethylene
- Others
Wood Plastic Composite, Application Outlook (Revenue - USD Billion, 2019-2032)
- Building and Construction
- Automotive Components
- Industrial Components
- Consumer Products
- Others
Wood Plastic Composite, Regional Outlook (Revenue - USD Billion, 2019-2032)
- North America
- U.S
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM1287
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Wood Plastic Composites Market Insights
- 4.1. Wood Plastic Composites Market - Industry Snapshot
- 4.2. Wood Plastic Composites Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing Demand From Building & Construction Application
- 4.2.1.2. Growing Demand for Recyclable Materials in Automobile Industry
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Rising Cost of Raw Materials
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Wood Plastic Composites Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Wood Plastic Composites Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Wood Plastic Composites, by Type, 2019-2032 (USD Billion)
- 5.3. Polyvinylchloride
- 5.3.1. Global Wood Plastic Composites Market, by Polyvinylchloride, by Region, 2019-2032 (USD Billion)
- 5.4. Polypropylene
- 5.4.1. Global Wood Plastic Composites Market, by Polypropylene, by Region, 2019-2032 (USD Billion)
- 5.5. Polyethylene
- 5.5.1. Global Wood Plastic Composites Market, by Polyethylene , by Region, 2019-2032 (USD Billion)
- 5.6. Others
- 5.6.1. Global Wood Plastic Composites Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Wood Plastic Composites Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 6.3. Building and Construction
- 6.3.1. Global Wood Plastic Composites Market, by Building and Construction, by Region, 2019-2032 (USD Billion)
- 6.4. Automotive Components
- 6.4.1. Global Wood Plastic Composites Market, by Automotive Components, by Region, 2019-2032 (USD Billion)
- 6.5. Industrial Components
- 6.5.1. Global Wood Plastic Composites Market, by Industrial Components, by Region, 2019-2032 (USD Billion)
- 6.6. Consumer Products
- 6.6.1. Global Wood Plastic Composites Market, by Consumer Products, by Region, 2019-2032 (USD Billion)
- 6.7. Others
- 6.7.1. Global Wood Plastic Composites Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Wood Plastic Composites Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Wood Plastic Composites Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Wood Plastic Composites Market - North America
- 7.3.1. North America: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.3.2. North America: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.3.3. Wood Plastic Composites Market - U.S.
- 7.3.3.1. U.S.: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.3.4. Wood Plastic Composites Market - Canada
- 7.3.4.1. Canada: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.4. Wood Plastic Composites Market - Europe
- 7.4.1. Europe: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.4.2. Europe: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.4.3. Wood Plastic Composites Market - UK
- 7.4.3.1. UK: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.4.4. Wood Plastic Composites Market - France
- 7.4.4.1. France: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.4.4.2. France: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.4.5. Wood Plastic Composites Market - Germany
- 7.4.5.1. Germany: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.4.6. Wood Plastic Composites Market - Italy
- 7.4.6.1. Italy: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.4.7. Wood Plastic Composites Market - Spain
- 7.4.7.1. Spain: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.4.8. Wood Plastic Composites Market - Netherlands
- 7.4.8.1. Netherlands: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.4.9. Wood Plastic Composites Market - Russia
- 7.4.9.1. Russia: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.5. Wood Plastic Composites Market - Asia Pacific
- 7.5.1. Asia Pacific: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.5.3. Wood Plastic Composites Market - China
- 7.5.3.1. China: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.5.3.2. China: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.5.4. Wood Plastic Composites Market - India
- 7.5.4.1. India: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.5.4.2. India: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.5.5. Wood Plastic Composites Market - Malaysia
- 7.5.5.1. Malaysia: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.5.6. Wood Plastic Composites Market - Japan
- 7.5.6.1. Japan: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.5.7. Wood Plastic Composites Market - Indonesia
- 7.5.7.1. Indonesia: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.5.8. Wood Plastic Composites Market - South Korea
- 7.5.8.1. South Korea: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.6. Wood Plastic Composites Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.6.3. Wood Plastic Composites Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.6.4. Wood Plastic Composites Market - UAE
- 7.6.4.1. UAE: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.6.5. Wood Plastic Composites Market - Israel
- 7.6.5.1. Israel: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.6.6. Wood Plastic Composites Market - South Africa
- 7.6.6.1. South Africa: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.7. Wood Plastic Composites Market - Latin America
- 7.7.1. Latin America: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.7.3. Wood Plastic Composites Market - Mexico
- 7.7.3.1. Mexico: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.7.4. Wood Plastic Composites Market - Brazil
- 7.7.4.1. Brazil: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- 7.7.5. Wood Plastic Composites Market - Argentina
- 7.7.5.1. Argentina: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Seven Trust
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Advanced Environmental Recycling Technologies, Inc. (AERT).
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Meghmani Group
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Teknor Apex Co
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. UFP Industries, Inc
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Josef Ehrler GmbH & Co KG
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Croda International Plc
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. CertainTeed
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. AIMPLAS
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. TAMKO Building Products
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Trex Company, Inc
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Axion International Inc
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
- 9.13. TimberTech
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
- 9.14. Fiberon LLC
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
- 9.15. Dow
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development
Product Code: PM1287
List of Tables
- Table 1 Global Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 2 Global Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 3 Wood Plastic Composites Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 5 North America: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 6 U.S.: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 7 U.S.: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 8 Canada: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 9 Canada: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 10 Europe: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 11 Europe: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 12 UK: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 13 UK: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 14 France: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 15 France: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 16 Germany: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 17 Germany: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 18 Italy: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 19 Italy: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 20 Spain: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 21 Spain: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 22 Netherlands: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 23 Netherlands: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 24 Russia: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 25 Russia: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 28 China: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 29 China: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 30 India: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 31 India: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 32 Malaysia: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 33 Malaysia: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 34 Japan: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 35 Japan: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 36 Indonesia: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 37 Indonesia: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 38 South Korea: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 39 South Korea: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 44 UAE: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 45 UAE: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 46 Israel: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 47 Israel: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 48 South Africa: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 49 South Africa: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 50 Latin America: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 51 Latin America: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 52 Mexico: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 53 Mexico: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 54 Brazil: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 55 Brazil: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
- Table 56 Argentina: Wood Plastic Composites Market, by Application, 2019-2032 (USD Billion)
- Table 57 Argentina: Wood Plastic Composites Market, by Type, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Wood Plastic Composites Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Wood Plastic Composites Market, by Application, 2023-2032 (USD Billion)
- Figure 8 Market by Type
- Figure 9 Global Wood Plastic Composites Market, by Type, 2023-2032 (USD Billion)
- Figure 10 Wood Plastic Composites Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Wood Plastic Composites Market
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