Global Wood and Plastic Composites Report Thumbnail

Global Wood and Plastic Composites Market by Type (Polyethylene, Polyvinylchloride, Polypropylene, Other), By Application (Building and Construction Products, Automotive Components, Industrial & Consumer Goods) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CM-615
  • Author: Up Market Research
  • Rating: 5.0
  • Total Reviews: 97
  • No. Of Pages: 201
  • Format:
  • Pub. Date: 2021-03-01
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The global wood and plastic composites market is expected to grow from USD 5.1 Billion in 2018 to USD 7.8 Billion by 2028, at a CAGR of 5.2% during the forecast period (2018-2028). The major factors contributing to this growth are the increase in demand for sustainable building materials, the increasing use of plastics in automobiles, and the increased focus on recycling technologies.

Wood and plastic composites are a composite material that is a mixture of wood fibers with plastics. These materials have been used in various applications, such as building products (e.g., windows), furniture components (e.g., chairs) and flooring substrates; automotive components such as dashboards, door trim panels, audio speakers, and instrument panels; and consumer goods such as pens, furniture handles, and luggage. These materials can also be used as insulation, lightweight structural panels, high-performance building components for walls and roofs, furniture frames, or in the production of packaging materials such as cardboard.

On the basis of type, the global wood, and plastic composites market is segmented into polyethylene, polyvinylchloride (PVC), polypropylene, others.

Polyethylene

Polyethylene wood and plastic composites, also known as poly-wood or PE+WPC, are a type of WPC that incorporates both the properties of plastics (high strength) and wood (natural look). Polyethylene composite boards are composed mainly of HDPE particles in different percentages which vary according to the product’s density. These boards are made from HDPE particles combined with natural wood flakes and strands, which are then compressed into a planar board to form the final product.

Polyethylene composites can be used in building applications such as weather-resistant panels for outdoor walls or roofing materials; they are also applicable in automotive components that require a lightweight material that can provide good stiffness.

Polyvinylchloride

Polyvinylchloride (PVC) wood and plastic composites are a type of WPC made by combining PVC particles with natural or synthetic fibers, such as polyester, rayon, acrylic fiber, etc., for insulation purposes. It is similar to other types of wood-plastic composite in terms of appearance, but it is more expensive because the PVC particles are mixed with other materials.

Polypropylene

Polypropylene composites are manufactured using natural or synthetic fibers to create a three-dimensional product that can be used for industrial and consumer goods such as packaging films/bags, furniture panels, interior moldings, building coverings, etc.; these products offer good mechanical properties such as stiffness and toughness.

On the basis of application, the global wood, and plastic composites market is segmented into building and construction products, automotive components, industrial & consumer goods.

Building and Construction Products

Building and construction products: Wood and plastic composites are widely used in the building & construction industry as an alternative to wood. The increasing demand for lightweight, strong and durable materials is also driving the growth of the wood & plastic composites market. These products offer good mechanical properties such as stiffness and toughness that allow them to perform well in a variety of applications, ranging from building beams to exterior trims.

Automotive Components

Wood and plastic composites are used in automotive components such as bumper beams, header panels, door pillars. The application in automotive components includes door panels, dashboards, and trim pieces. Wood has the advantage of being lightweight which is why it is often chosen for this type of use; however, plastics can also be lightweight with polypropylene typically preferred because it does not become brittle over time as other plastics do. Automotive manufacturers may choose to incorporate wood or composite materials into their designs for any number of reasons including cost savings since they're a cheaper option than metal; aesthetics: some people prefer the look of wood grain rather than the smooth appearance that comes from manufactured woods or composites; and ease of manufacturing: wood or composite materials can be cut into shapes to create more complex features which would be difficult for metal. The use of plastics in the automotive industry is increasing as it provides designers with a lightweight material that's easy to work with, and less expensive than other options like steel.

Industrial & Consumer Goods

Industrial & consumer goods: In addition, these plastics composite materials can be processed into various shapes such as sheets or films which can be used for packaging, food products like meat and fish. These films offer good barrier properties against moisture and gases because of the low water vapor transmission rate (WVTR) and low gas permeability.

On the basis of region, the global wood, and plastic composites market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. The North American regional market accounted for the largest share of the wood and plastic composites market in 2017.

North America: The U.S., Canada, and Mexico accounted for a major share of the North American wood plastics composites market in 2017. The US-led the region with an estimated global revenue of USD XX million owing to its large domestic production capacity for construction products and building components that required composite materials such as plywood and oriented strand board (OSB).

Latin America: Latin America is home to several developing economies which are experiencing rapid economic growth. This leads to increased demand from consumers through new housing developments powered by commercial activity across various industries including industrial goods, food & beverages, apparel among others. The region recorded strong performance during 2017.

Europe: Europe has witnessed significant progress towards increasing sustainable practices over time due to changing lifestyles and consumption patterns. This has led to investments in renewable energy, as well as the adoption of more environmentally friendly practices among households.

Asia Pacific: Asia-Pacific is one of the fastest-growing regions in terms of economic performance with China leading its growth at a pace significantly higher than that seen globally. The region also represents an economically attractive trade partner for developed countries owing to its fast-paced industrialization trend powered by increasing consumerism across various sectors such as food & beverages, construction materials, etc., which are all potential end-users for composite wood products.

Middle East: Middle Eastern economies enjoy high standards of living due to investment in infrastructure projects coupled with strong oil reserves and foreign direct investments from US multinationals over time. The region is expected to grow at a pace that will surpass global growth rates, albeit much slower than before.

Africa: Africa consists of 54 countries, with the majority of them being oil producers. The region is also home to nine out of ten fastest-growing economies in terms of GDP growth rate owing to increasing investment and trade opportunities.

Growth Factors

There are several factors driving the growth of this market. The growing population, increasing urbanization, and rising disposable income of people is leading to an increased demand for construction materials. This in turn has led to a hike in demand for composite wood products which have become popular due to their versatility and ability to be used in both residential as well as commercial buildings. In addition, environmental concerns with respect to raw material supplies are also stimulating the use of composites made from renewable sources such as plastic polymers from recycled content or biodegradable plastics that can degrade naturally without harming the environment when discarded after usage. These factors are expected to drive the global composite wood and plastic composites market during 2018-2028 (in terms of value).


Up Market Research published a new report titled “Wood and Plastic Composites Market research report which is segmented by Types (Polyethylene, Polyvinylchloride, Polypropylene, Other), By Applications (Building and Construction Products, Automotive Components, Industrial & Consumer Goods), By Players/Companies Trex Company, Advanced Environmental Recycling Technologies, Fiberon, Timbertech, Tamko Building Products, Axion International, Beologic, Certainteed, Fkur Kunststoff, Josef Ehrler, Polymera, Polyplank, Universal Forest Products, Sentai Wpc, New Tech Wood, Anhui Guofeng, Jufeng, GEM”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

 

Report Scope

Report Attributes Report Details
Report Title Wood and Plastic Composites Market Research Report
By Type Polyethylene, Polyvinylchloride, Polypropylene, Other
By Application Building and Construction Products, Automotive Components, Industrial & Consumer Goods
By Companies Trex Company, Advanced Environmental Recycling Technologies, Fiberon, Timbertech, Tamko Building Products, Axion International, Beologic, Certainteed, Fkur Kunststoff, Josef Ehrler, Polymera, Polyplank, Universal Forest Products, Sentai Wpc, New Tech Wood, Anhui Guofeng, Jufeng, GEM
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 201
Number of Tables & Figures 141
Customization Available Yes, the report can be customized as per your need.
 

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Wood and Plastic Composites Industry Outlook
 

Global Wood and Plastic Composites Market Report Segments:

The market is segmented by Type Polyethylene, Polyvinylchloride, Polypropylene, Other and By Application Building and Construction Products, Automotive Components, Industrial & Consumer Goods.

 

Some of the companies that are profiled in this report are:

  1. Trex Company
  2. Advanced Environmental Recycling Technologies
  3. Fiberon
  4. Timbertech
  5. Tamko Building Products
  6. Axion International
  7. Beologic
  8. Certainteed
  9. Fkur Kunststoff
  10. Josef Ehrler
  11. Polymera
  12. Polyplank
  13. Universal Forest Products
  14. Sentai Wpc
  15. New Tech Wood
  16. Anhui Guofeng
  17. Jufeng
  18. GEM
 

Wood and Plastic Composites Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

 

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Wood and Plastic Composites Market
 

Overview of the regional outlook of the Wood and Plastic Composites Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Wood and Plastic Composites Market Overview
 

Highlights of The Wood and Plastic Composites Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Wood and Plastic Composites Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Polyethylene

                2. Polyvinylchloride

                3. Polypropylene

                4. Other

       7. By Application:

                1. Building and Construction Products

                2. Automotive Components

                3. Industrial & Consumer Goods

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.
 

We have studied the Wood and Plastic Composites Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

 

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Wood and Plastic Composites Market Statistics
 

Reasons to Purchase the Wood and Plastic Composites Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wood and Plastic Composites Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Wood and Plastic Composites Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Wood and Plastic Composites Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Wood and Plastic Composites Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Wood and Plastic Composites Market Size & Forecast, 2018-2028 
      4.5.1 Wood and Plastic Composites Market Size and Y-o-Y Growth 
      4.5.2 Wood and Plastic Composites Market Absolute $ Opportunity 


Chapter 5 Global Wood and Plastic Composites Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Wood and Plastic Composites Market Size Forecast by Type
      5.2.1 Polyethylene
      5.2.2 Polyvinylchloride
      5.2.3 Polypropylene
      5.2.4 Other
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Wood and Plastic Composites Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Wood and Plastic Composites Market Size Forecast by Applications
      6.2.1 Building and Construction Products
      6.2.2 Automotive Components
      6.2.3 Industrial & Consumer Goods
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Wood and Plastic Composites Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Wood and Plastic Composites Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Wood and Plastic Composites Analysis and Forecast
   9.1 Introduction
   9.2 North America Wood and Plastic Composites Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Wood and Plastic Composites Market Size Forecast by Type
      9.6.1 Polyethylene
      9.6.2 Polyvinylchloride
      9.6.3 Polypropylene
      9.6.4 Other
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Wood and Plastic Composites Market Size Forecast by Applications
      9.10.1 Building and Construction Products
      9.10.2 Automotive Components
      9.10.3 Industrial & Consumer Goods
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Wood and Plastic Composites Analysis and Forecast
   10.1 Introduction
   10.2 Europe Wood and Plastic Composites Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Wood and Plastic Composites Market Size Forecast by Type
      10.6.1 Polyethylene
      10.6.2 Polyvinylchloride
      10.6.3 Polypropylene
      10.6.4 Other
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Wood and Plastic Composites Market Size Forecast by Applications
      10.10.1 Building and Construction Products
      10.10.2 Automotive Components
      10.10.3 Industrial & Consumer Goods
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Wood and Plastic Composites Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Wood and Plastic Composites Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Wood and Plastic Composites Market Size Forecast by Type
      11.6.1 Polyethylene
      11.6.2 Polyvinylchloride
      11.6.3 Polypropylene
      11.6.4 Other
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Wood and Plastic Composites Market Size Forecast by Applications
      11.10.1 Building and Construction Products
      11.10.2 Automotive Components
      11.10.3 Industrial & Consumer Goods
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Wood and Plastic Composites Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Wood and Plastic Composites Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Wood and Plastic Composites Market Size Forecast by Type
      12.6.1 Polyethylene
      12.6.2 Polyvinylchloride
      12.6.3 Polypropylene
      12.6.4 Other
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Wood and Plastic Composites Market Size Forecast by Applications
      12.10.1 Building and Construction Products
      12.10.2 Automotive Components
      12.10.3 Industrial & Consumer Goods
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Wood and Plastic Composites Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Wood and Plastic Composites Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Wood and Plastic Composites Market Size Forecast by Type
      13.6.1 Polyethylene
      13.6.2 Polyvinylchloride
      13.6.3 Polypropylene
      13.6.4 Other
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Wood and Plastic Composites Market Size Forecast by Applications
      13.10.1 Building and Construction Products
      13.10.2 Automotive Components
      13.10.3 Industrial & Consumer Goods
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Wood and Plastic Composites Market: Competitive Dashboard
   14.2 Global Wood and Plastic Composites Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Trex Company
      14.3.2 Advanced Environmental Recycling Technologies
      14.3.3 Fiberon
      14.3.4 Timbertech
      14.3.5 Tamko Building Products
      14.3.6 Axion International
      14.3.7 Beologic
      14.3.8 Certainteed
      14.3.9 Fkur Kunststoff
      14.3.10 Josef Ehrler
      14.3.11 Polymera
      14.3.12 Polyplank
      14.3.13 Universal Forest Products
      14.3.14 Sentai Wpc
      14.3.15 New Tech Wood
      14.3.16 Anhui Guofeng
      14.3.17 Jufeng
      14.3.18 GEM
Segments Covered in the Report
The global Wood and Plastic Composites market has been segmented based on

By Types
  • Polyethylene
  • Polyvinylchloride
  • Polypropylene
  • Other
By Applications
  • Building and Construction Products
  • Automotive Components
  • Industrial & Consumer Goods
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Trex Company
  • Advanced Environmental Recycling Technologies
  • Fiberon
  • Timbertech
  • Tamko Building Products
  • Axion International
  • Beologic
  • Certainteed
  • Fkur Kunststoff
  • Josef Ehrler
  • Polymera
  • Polyplank
  • Universal Forest Products
  • Sentai Wpc
  • New Tech Wood
  • Anhui Guofeng
  • Jufeng
  • GEM

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