Dublin, Sept. 19, 2022 (GLOBE NEWSWIRE) -- The "Wood Plastic Composites Market By Application, By Type: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
The global wood plastic composites market was valued at $5.4 billion in 2020, and is projected to reach $12.6 billion by 2030, growing at a CAGR of 8.9% from 2021 to 2030.
Wood plastic composite is a composite material made from sawdust and plastic as a polymer like PE-based composites, recycled plastics, polyvinyl chloride (PVC)-based, and polypropylene (PP), which provides bonding sustainability, longevity, and cost savings in various applications, such as car interiors, home furniture, and kitchen accessories.
Wood-plastic composites offer high durability, bending strength, shear strength, low moisture content, and low water absorption compared to traditional wood products. These properties make them suitable for use in railings, windows, doors, exterior trims, fences, flooring, and interior moldings. Thus, owing to aforementioned factors there is increase in demand for wood plastic composites in the automotive and construction industries.
There is increase in need for wood plastics in construction industry, which is a key market driver for the growth. Wood plastics are used in the majority of consortium markets, owing to their unique characteristics. There is increase in use of cosmopolites made of wood polymers. This increase in adoption drives the market growth market. Wood plastics overpower all other composites in terms of aesthetics and physical properties. The fusion of wood and plastic composites offers more benefits for construction projects all across the globe.
However, lack of awareness among people regarding use of wood plastic composites hinders the market growth. Furthermore, eco-friendly green composites are cost-efficient as well as safe for the environment. The use of plant fibers and plant-based materials are used in their composites that make them efficient. The emergence of green composites is expected to provide lucrative growth opportunities for the wood plastic composites market.
The wood plastic composites market is segmented on the basis of type, application, and region. By type, it is segregated into polyethylene, polyvinylchloride, polypropylene, and others. On the basis of application, it is fragmented into building & construction, automotive components, industrial & consumer products, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include AIMPLAS, Beologic N.V., Dow, FKuR, Fortune Brands, JELU-WERK J. Ehrler GmbH & Co. KG, Renolit SE, TimberTech, Trex Company, Inc., Universal Forest Products, Inc. The global wood plastic composites market report provides in-depth competitive analysis as well as profiles of these major players. The global wood plastic composites market report provides in-depth competitive analysis as well as profiles of these major players.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the wood plastic composites market analysis from 2020 to 2030 to identify the prevailing wood plastic composites market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the wood plastic composites market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global wood plastic composites market trends, key players, market segments, application areas, and market growth strategies.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter's five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Regulatory Guidelines
3.9. Value Chain Analysis
3.10. Patent Landscape
3.11. Market Share Analysis
CHAPTER 4: WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION
4.1 Overview
4.1.1 Market size and forecast
4.2 Building and Construction
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Automotive Components
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Industrial and Consumer Products
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
CHAPTER 5: WOOD PLASTIC COMPOSITES MARKET, BY TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Polyethylene
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Polyvinylchloride
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Polypropylene
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
CHAPTER 6: WOOD PLASTIC COMPOSITES MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 TIMBERTECH LTD.
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 TREX COMPANY, INC.
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 BEOLOGIC N.V.
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 FKUR KUNSTSTOFF GMBH
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 AIMPLAS
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Dow
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Fortune Brands Inc.
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 JELU-WERK J. Ehrler GmbH & Co. KG
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Renolit SE
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Universal Forest Products, Inc.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
For more information about this report visit https://www.researchandmarkets.com/r/bdi8hy
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