Wood Plastic composites market is projected to reach USD 10.19 billion by 2028 at a CAGR of 11.5% during the forecast period. Increasing demand from automotive components, furniture, and other applications is expected to boost this demand.

Composites are materials made from two or more constituent materials that are different from each other in physical and chemical properties, which, when combined, produce a material with characteristics and properties different from each of the individual components. Each component will remain separate and distinct within the finished structure. The main components of composites are fibers, which is the reinforcing material (for instance, aramid, carbon, wood, etc.) and the matrix, which is the binder (for instance- bitumen, polyester, vinyl ester, etc.).

Global Wood Plastics Composites Market
Wood Plastics Composites Market

In wood plastic composites, the matrix or binder is a plastic material such as polyethylene, poly vinyl chloride, etc. and the fiber or the reinforcing material is wood such as bamboo, peanut hulls, pine, oak, etc. Additives such as reinforcing agents, colorants, and lubricants can be added to achieve higher levels of specification according to the intended product use. One of the biggest advantages of wood plastic composites is that they do not corrode and are highly resistant to rot, decay, and marine borer attacks. Composites can be molded into almost any desired shape. The production of wood plastic composites does not require the use of any harmful chemicals such as arsenic toxins, chromium, etc., which have been banned by many governments due to their harmful effects.

Global Wood Plastic Composites Market
Wood Plastic Composites Market

They are used in a variety of applications including building and construction, automobiles, in manufacturing of goods such as toys, trays, musical instruments, etc. They are increasingly being used in interiors of cars, speakers, home furniture, and kitchen appliances, as they are durable, require low maintenance, rust-free, and can endure high temperatures.

North America is leading the market and accounts for more than 50% share of the total market. This is mainly due to the use of wood plastic composites for construction in the region.

Key Factors Impacting Market Growth:

  • Durable, low maintenance, rust-free, and can withstand high temperatures
  • Can be molded in almost any desired shape
  • Increasing demand from the automobile and construction industry
  • Harmful chemicals such as arsenic toxins, chromium, etc., are not required in the production

Key Developments:

  • In April 2018, a US-based company, Cali Bamboo added a decking line made of wood plastic composite (60% recycled wood fiber and 40% high-density plastics).
  • In May 2018, a bio-composite called DuraSense was launched by a partnership between companies Stora Enso and Orthex. It is a wood plastic composite made from spruce and pine. It can be used in a variety of consumer products and can potentially replace non-renewable materials.
  • In September 2017, CertainTeed Corporation launched a polyurethane composite siding called ICON which has superior moisture resistance.

What Does This Report Provide?

This report provides a detailed understanding of the wood plastic composites market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Resin Type:

  • Polyethylene
  • Polypropylene
  • Poly Vinyl Chloride (PVC)
  • Others

By Manufacturing Process:

  • Extrusion
  • Compression Molding
  • Injection Molding
  • Others         

By Application:

  • Building & Construction
  • Automotive Components
  • Furniture
  • Consumer Goods
  • Electrical
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Resin Type
    • By Manufacturing Process
    • By Application
  • Eastern Europe:
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Resin Type
    • By Manufacturing Process
    • By Application
  • Western Europe:
    • By Country (Germany, UK, France, Spain, Rest of Western Europe)
    • By Resin Type
    • By Manufacturing Process
    • By Application
  • Middle East:
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Resin Type
    • By Manufacturing Process
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, Rest of Asia Pacific)
    • By Resin Type
    • By Manufacturing Process
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Resin Type
    • By Manufacturing Process
    • By Application

Companies Covered: Fiberon LLC., Fkur Kunststoff GmbH, Universal Forest Products Inc., TimberTech, CPG International, Advanced Environmental Recycling Technologies, Trex Company Inc., Perth Wood Plastic Composite Co. Ltd., and Renolit… 

Reasons To Buy This Report:

  • Market size estimation of wood plastic composites market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]

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