Dublin, April 17, 2023 (GLOBE NEWSWIRE) -- The "Wood Plastic Composites: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Wood Plastic Composites estimated at US$5.7 Billion in the year 2022, is projected to reach a revised size of US$13.4 Billion by 2030, growing at a CAGR of 11.3% over the analysis period 2022-2030.
Polyethylene, one of the segments analyzed in the report, is projected to record a 12% CAGR and reach US$8.7 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Polypropylene segment is readjusted to a revised 10.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 15.7% CAGR
The Wood Plastic Composites market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2030 trailing a CAGR of 15.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.1% and 9.8% respectively over the 2022-2030 period.
Within Europe, Germany is forecast to grow at approximately 9.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.2 Billion by the year 2030.
Select Competitors (Total 118 Featured) -
- AIMPLAS Instituto Tecnologico del Plastico
- AXION STRUCTURAL INNOVATIONS LLC
- CertainTeed Corporation
- Dow
- Fiberon LLC
- FKuR Kunststoff GmbH
- Fortune Brands Home & Security
- JELU-WERK J. Ehrler GmbH & Co. KG
- NewTechWood Company Limited
- Oldcastle APG, Inc.
- Renolit SE
- TimberTech by AZEK Building Products
- Trex Company, Inc.
- UFP Industries, Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 502 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $5.7 Billion |
| Forecasted Market Value (USD) by 2030 | $13.4 Billion |
| Compound Annual Growth Rate | 11.3% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of COVID-19 Pandemic and Looming Global Recession
- Year 2021 in Review and Near-term Outlook
- Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook
- World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2021, 2022 and 2023
- COVID-19-Led Economic Downturn Weighs on Construction Sector, Affecting Wood Plastic Composites Market
- World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
- An Introduction to Wood Plastic Composites (WPC)
- Manufacturing Wood Composite Plastics
- Major Applications of WPCs
- Global Market Prospects & Outlook
- Polyethylene: The Widely Used Material
- Building & Construction Dominates the WPC Market
- Developed Regions Lead WPC Market
- Competition
- Wood Plastic Composites - Global Key Competitors Percentage Market Share in 2021 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)
- World Brands
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Wood Plastic Composites Market: Trends Creating Ideal Roadmap for Tomorrow
- Versatile Nature of WPCs Benefits Market Growth
- Building & Construction Application to Spur Demand for Wood Plastic Composites
- Trends in the Construction Industry Influence Market Uptake
- Increased Activities of Remodeling and Renovation to Propel the Growth
- Global Remodeling Market (in US$ Trillion) for the Years 2017, 2019, 2021, 2023 and 2025
- Rising Lumber Prices Increases Popularity of Wood Composite Decking
- Composite Decking as a Good Alternative to Wood Decks
- Home Improvement Projects & Interest in DIY Stimulate Composite Decking Demand amid COVID-19
- Serious Efforts by Composite Vendors to Push Share
- Technological Advancements Augment Functional and Design Attributes
- Consumer Focus on Environment-Friendly Fencing Options Propel Demand for WPC Fencing Products
- Plastic Fencing Market by Material (in %) for 2022
- Rapid Urbanization and Focus on Environmental Conservation Provides Opportunities for WPCs Market
- World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, and 2100
- World Urban Population in Thousands: 1950-2050P
- Wood Plastic Composites (WPC) Emerge as Ideal Green Building Materials
- Shift towards Green Buildings Presents Opportunities for WPCs Market: Global Green Buildings Market (in US$ Billion) for the Years 2020, 2022, 2024 and 2026
- Wood Plastic Composites: Materials with Promising Applications in Furniture Industry
- Wood Plastic Composite Floorings Market: A Glance at Drivers Setting Perfect Stage for Expansion
- Rising Emphasis on Using Recyclable Materials in Automotive Industry Bodes Well for the Market
- World Automobile Production in Million Units: 2008-2022
- Innovations in Wood-Based Composites: Promoting Sustainable Future
- Advancements in Wood Composites: A Review
- New Wood Plastic Composite (WPC) Material Holds Promise
- Researchers Improve WPCs with Graphene
- Particle Size Plays a Vital Role in Wood Plastic Composites
- Processing Factors Influencing for Wood-Plastic Composites
- Challenges Facing WPC Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/kagc78
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