PUBLISHER: The Business Research Company | PRODUCT CODE: 1662449
PUBLISHER: The Business Research Company | PRODUCT CODE: 1662449
Wood Plastic Composite Global Market Report 2025
A wood plastic composite is a manufactured product composed of wood chip fibers and recycled plastic, typically high-density polyethylene (HDPE) or low-density polyethylene (LDPE). This composite material is utilized for various outdoor applications, including cladding, decking, railings, fences, flooring, and landscaping.
The main types of resins used in wood plastic composites include polyethylene (PE), high-density polyethylene (HDPE), low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), polypropylene (PP), polyvinyl chloride (PVC), polylactide (PLA), and others. Polyethylene is a lightweight and versatile synthetic resin derived from the polymerization of ethylene. Manufacturing processes for wood plastic composites involve methods such as extrusion, injection molding, and others. These composites find applications in diverse industries, including building and construction, automotive, consumer goods, and more
The wood plastic composite market research report is one of a series of new reports from The Business Research Company that provides wood plastic composite market statistics, including wood plastic composite industry global market size, regional shares, competitors with a wood plastic composite market share, detailed wood plastic composite market segments, market trends and opportunities, and any further data you may need to thrive in the wood plastic composite industry. This wood plastic composite market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The wood plastic composite market size has grown rapidly in recent years. It will grow from $6.91 billion in 2024 to $7.77 billion in 2025 at a compound annual growth rate (CAGR) of 12.6%. The growth in the historic period can be attributed to environmental concerns, construction industry growth, preference for low-maintenance materials, durability and longevity, reduced dependency on treated wood, cost-effectiveness.
The wood plastic composite market size is expected to see rapid growth in the next few years. It will grow to $12.37 billion in 2029 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to advancements in manufacturing processes, innovation in product design, development of fire-resistant formulations, increasing urbanization, growing emphasis on green building certification. Major trends in the forecast period include advancements in WPC manufacturing technology, focus on biodegradability and recyclability, product innovations, collaboration and partnerships in the industry, regulatory compliance and standards.
A rise in construction activities is playing a significant role in the growth of the wood plastic composite market moving forward. The construction sector encompasses the industry and trade involved in creating, maintaining, and repairing infrastructures. Wood plastic composite is utilized in construction to replace wood with steel joists and beams in buildings. For instance, in November 2023, a report from the Office for National Statistics, a UK-based government agency, indicated that a 0.4% increase in construction output for September 2023 amounted to an additional $76 million compared to August 2023, with three out of nine sectors experiencing growth during that month. The primary contributors to this monthly increase were private housing repair and maintenance, which rose by 3.0% ($96 million), and private commercial new work, which saw a 3.6% increase ($84 million). Thus, the rise in construction activities is propelling the growth of the wood-plastic composite market.
The surge in vehicle production is anticipated to propel the growth of the wood plastic composite market further. Wood-plastic composites find application in vehicles for crafting interior components, offering a lightweight yet durable alternative to conventional materials. According to data from the European Automobile Manufacturers Association (ACEA), global motor vehicle production escalated by 5.7% in 2022, reaching 85.4 million units. This growth underscores the increasing use of wood plastic composites in vehicle manufacturing, thereby driving the market for these materials.
Technological advancements remain a pivotal trend in the wood plastic composite market, especially concerning innovative applications in cladding. Cladding, serving as an exterior covering for buildings, often mirrors a natural wood appearance and offers weather protection. For instance, MoistureShield, a U.S.-based boarding company, launched MoistureShield Cladding in February 2022, an innovative wood plastic composite product. This new cladding, fortified through MoistureShield's Solid Core manufacturing process, boasts protection on all sides against insect damage, warping, decay, and moisture infiltration, showcasing the market's emphasis on advanced and durable composite materials.
Major players in the wood plastic composite market are introducing new compounds, such as composite materials, to provide superior strength-to-weight ratios. A composite material is formed by combining two or more different materials, resulting in a product with enhanced properties like increased strength, reduced weight, or improved durability compared to the individual components. For example, in February 2024, Syensqo, a Belgium-based science company, launched the Swyft-Ply composite brand. This brand focuses on composite materials specifically designed for the electronics and smart devices market. The Swyft-Ply portfolio enables manufacturers to choose essential material features such as dielectric performance and thermal characteristics, facilitating the development of thinner, lighter, and more flexible designs. Designed for rapid production cycles, these composites utilize the advantages of traditional materials while fulfilling the high-volume manufacturing needs of the industry.
In March 2022, Sonoco, a U.S.-based consumer packaging provider, completed the acquisition of Wood Composites Technology. This strategic acquisition is expected to bolster Sonoco's offerings, positioning the company as a comprehensive provider of reels for the wire and cable sectors by integrating composite reels with its existing Baker(R) wood and steel reels. Wood Composites Technology, a U.S.-based manufacturer specializing in wood plastic composites, adds depth to Sonoco's portfolio, expanding its capabilities in providing innovative solutions to meet evolving industry demands.
Major companies operating in the wood plastic composite market are Trex Company Inc., Advanced Environmental Recycling Technologies Inc., UFP Industries Inc., Fiberon LLC, TAMKO Building Products Inc., Beologic NV, CertainTeed Corporation, FKuR Kunststoff GmbH, JELU-WERK Josef Ehrler GmbH & Co. KG, Polyplank AB, AIMPLAS - Technological Institute of Plastics, Shanghai Seven Trust Industry Co. Ltd., The Dow Chemical Company, The AZEK Company Inc., Geolam Inc., CPG International LLC, Crane Plastics, Deceuninck North America LLC, Enduris Extrusions Inc., Fiber Composites LLC, Green Bay Decking LLC, Kuijper Model and Mold GmbH, Louisiana-Pacific Corporation, North Wood Plastics Inc., OnSpec Composites Inc., Perth Wood Plastic Composite Co. Ltd.
Asia-Pacific was the largest region in the wood plastic composite market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wood plastic composite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the wood plastic composite market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The wood plastic composite market consists of sales of thermoplastic resin wood plastic composite, multifunctional polymer composites, and Polyolefin wood plastic composite. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
1. Executive Summary
2. Wood Plastic Market Characteristics
3. Wood Plastic Market Trends And Strategies
4. Wood Plastic Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market
5. Global Wood Plastic Growth Analysis And Strategic Analysis Framework
- 5.1. Global Wood Plastic PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
- 5.2. Analysis Of End Use Industries
- 5.3. Global Wood Plastic Market Growth Rate Analysis
- 5.4. Global Wood Plastic Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
- 5.5. Global Wood Plastic Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
- 5.6. Global Wood Plastic Total Addressable Market (TAM)
6. Wood Plastic Market Segmentation
7. Wood Plastic Market Regional And Country Analysis
8. Asia-Pacific Wood Plastic Market
9. China Wood Plastic Market
10. India Wood Plastic Market
11. Japan Wood Plastic Market
12. Australia Wood Plastic Market
13. Indonesia Wood Plastic Market
14. South Korea Wood Plastic Market
15. Western Europe Wood Plastic Market
16. UK Wood Plastic Market
17. Germany Wood Plastic Market
18. France Wood Plastic Market
19. Italy Wood Plastic Market
20. Spain Wood Plastic Market
21. Eastern Europe Wood Plastic Market
22. Russia Wood Plastic Market
23. North America Wood Plastic Market
24. USA Wood Plastic Market
25. Canada Wood Plastic Market
26. South America Wood Plastic Market
27. Brazil Wood Plastic Market
28. Middle East Wood Plastic Market
29. Africa Wood Plastic Market
30. Wood Plastic Market Competitive Landscape And Company Profiles
31. Wood Plastic Market Other Major And Innovative Companies
32. Global Wood Plastic Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The Wood Plastic Market
34. Recent Developments In The Wood Plastic Market
35. Wood Plastic Market High Potential Countries, Segments and Strategies
36. Appendix
