North America Wood Plastic Composites Market Size, Share & Trends Analysis Report By Type (Polyethylene, Polyvinyl Chloride, Polypropylene and Others), By Application, By Country and Growth Forecast, 2023

Description

List of Tables

The North America Wood Plastic Composites Market would witness market growth of 8.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,246.1 kilo tonnes, showcasing a growth of 6.3% (2019-2022).

The automotive industry represents a growing market for wood plastic composites (WPC) as manufacturers seek lightweight, durable, and sustainable materials for interior and exterior automotive components. WPCs offer advantages such as reduced weight compared to traditional materials like metal or fiberglass, contributing to improved fuel efficiency and lower emissions in vehicles. These composites can be moulded into various shapes and textures, making them suitable for applications such as door panels, dashboards, trunk liners, and interior trim pieces. Therefore, the automotive industry consumed overall 161.6 kilo tonnes in US market in 2022.

The US market dominated the North America Wood Plastic Composites Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,238.2 Million by 2030. The Canada market is experiencing a CAGR of 11.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 10.4% during (2023 - 2030).

Advanced antioxidants scavenge free radicals and reactive oxygen species generated during processing, storage, and exposure to heat, moisture, and oxygen, preventing chain scission, cross-linking, and degradation of polymer chains. By maintaining polymer stability and mechanical properties, antioxidants enhance WPCs' thermal stability, weatherability, and long-term performance, reducing the risk of degradation and deterioration in demanding environmental conditions.

In addition, composite processing technologies play a crucial role in optimizing material properties, manufacturing efficiency, and product quality. Innovations in extrusion, injection molding, compression molding, and co-extrusion techniques enable precise control over material distribution, fiber orientation, and surface finish, facilitating the production of complex shapes, profiles, and textures in WPC products. Likewise, the integration of functional additives and smart materials into WPC formulations expands the range of applications and functionalities of WPCs.

Canada is committed to advancing sustainability and green building practices to mitigate environmental impact and address climate change. WPCs from recycled wood fibers and plastic polymers align with these sustainability goals, offering a renewable and low-carbon alternative to traditional materials like wood, concrete, and metals. As per the data from the Statistics Canada, investment in building construction rose 1.7% to $19.8 billion in November 2023. The residential sector grew 2.2% to $13.7 billion, while non-residential sector investment increased 0.4% to $6.0 billion. Hence, North America's growing automotive and construction sectors will increase demand for WPC.

Based on Type, the market is segmented into Polyethylene, Polyvinyl Chloride, Polypropylene and Others. Based on Application, the market is segmented into Building & Construction, Automotive Components, Industrial & Consumer Products and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

Trex Company, Inc.
The AZEK Company Inc. (TimberTech)
Fortune Brands Innovations, Inc.
Dow, Inc.
UFP Industries, Inc.
Renolit SE
AIMPLAS
JELU-WERK J. Ehrler GmbH & Co. KG
FKuR Kunststoff GmbH
Beologic

North America Wood Plastic Composites Market Report Segmentation

By Type (Volume, kilo Tonnes, USD Billion, 2019-2030)

Polyethylene
Polyvinyl Chloride
Polypropylene
Others

By Application (Volume, kilo Tonnes, USD Billion, 2019-2030)

Building & Construction
Automotive Components
Industrial & Consumer Products
Others

By Country (Volume, kilo Tonnes, USD Billion, 2019-2030)

US
Canada
Mexico
Rest of North America

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1North America Wood Plastic Composites Market, by Type
- 1.4.2North America Wood Plastic Composites Market, by Application
- 1.4.3North America Wood Plastic Composites Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
3.3Porter's Five Forces Analysis

Chapter 4.Strategies deployed in Wood Plastic Composites Market

Chapter 5.North America Wood Plastic Composites Market, by Type

5.1North America Polyethylene Market, by Country
5.2North America Polyvinyl Chloride Market, by Country
5.3North America Polypropylene Market, by Country
5.4North America Others Market, by Country

Chapter 6.North America Wood Plastic Composites Market, by Application

6.1North America Building & Construction Market, by Country
6.2North America Automotive Components Market, by Country
6.3North America Industrial & Consumer Products Market, by Country
6.4North America Others Market, by Country

Chapter 7.North America Wood Plastic Composites Market, by Country

7.1US Wood Plastic Composites Market
- 7.1.1US Wood Plastic Composites Market, by Type
- 7.1.2US Wood Plastic Composites Market, by Application
7.2Canada Wood Plastic Composites Market
- 7.2.1Canada Wood Plastic Composites Market, by Type
- 7.2.2Canada Wood Plastic Composites Market, by Application
7.3Mexico Wood Plastic Composites Market
- 7.3.1Mexico Wood Plastic Composites Market, by Type
- 7.3.2Mexico Wood Plastic Composites Market, by Application
7.4Rest of North America Wood Plastic Composites Market
- 7.4.1Rest of North America Wood Plastic Composites Market, by Type
- 7.4.2Rest of North America Wood Plastic Composites Market, by Application

Chapter 8.Company Profiles

8.1Trex Company, Inc.
- 8.1.1Company Overview
- 8.1.2Financial Analysis
- 8.1.3Segmental Analysis
- 8.1.4Research & Development Expenses
- 8.1.5Recent strategies and developments:
  - 8.1.5.1Product Launches and Product Expansions:
  - 8.1.5.2Geographical Expansions:
- 8.1.6SWOT Analysis
8.2The AZEK Company Inc. (TimberTech)
- 8.2.1Company Overview
- 8.2.2Financial Analysis
- 8.2.3Segmental Analysis
- 8.2.4Research & Development Expenses
- 8.2.5Recent strategies and developments:
  - 8.2.5.1Product Launches and Product Expansions:
- 8.2.6SWOT Analysis
8.3Fortune Brands Innovations, Inc.
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.3.3Segmental and Regional Analysis
- 8.3.4Research & Development Expenses
8.4Dow, Inc.
- 8.4.1Company Overview
- 8.4.2Financial Analysis
- 8.4.3Segmental and Regional Analysis
- 8.4.4Research & Development Expenses
- 8.4.5Recent strategies and developments:
  - 8.4.5.1Partnerships, Collaborations, and Agreements:
- 8.4.6SWOT Analysis
8.5UFP Industries, Inc.
- 8.5.1Company Overview
- 8.5.2Financial Analysis
- 8.5.3Segmental and Regional Analysis
- 8.5.4Recent strategies and developments:
  - 8.5.4.1Product Launches and Product Expansions:
  - 8.5.4.2Acquisition and Mergers:
- 8.5.5SWOT Analysis
8.6Renolit SE
- 8.6.1Company Overview
- 8.6.2Recent strategies and developments:
  - 8.6.2.1Geographical Expansions:
- 8.6.3SWOT Analysis
8.7AIMPLAS
- 8.7.1Company Overview
8.8JELU-WERK J. Ehrler GmbH & Co. KG
- 8.8.1Company Overview
- 8.8.2SWOT Analysis
8.9FKuR Kunststoff GmbH
- 8.9.1Company Overview
- 8.9.2SWOT Analysis
8.10.Beologic
- 8.10.1Company Overview
- 8.10.2SWOT Analysis

LIST OF TABLES

TABLE 1North America Wood Plastic Composites Market, 2019 - 2022, USD Million
TABLE 2North America Wood Plastic Composites Market, 2023 - 2030, USD Million
TABLE 3North America Wood Plastic Composites Market, 2019 - 2022, Kilo Tonnes
TABLE 4North America Wood Plastic Composites Market, 2023 - 2030, Kilo Tonnes
TABLE 5North America Wood Plastic Composites Market, by Type, 2019 - 2022, USD Million
TABLE 6North America Wood Plastic Composites Market, by Type, 2023 - 2030, USD Million
TABLE 7North America Wood Plastic Composites Market, by Type, 2019 - 2022, Kilo Tonnes
TABLE 8North America Wood Plastic Composites Market, by Type, 2023 - 2030, Kilo Tonnes
TABLE 9North America Polyethylene Market, by Country, 2019 - 2022, USD Million
TABLE 10North America Polyethylene Market, by Country, 2023 - 2030, USD Million
TABLE 11North America Polyethylene Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 12North America Polyethylene Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 13North America Polyvinyl Chloride Market, by Country, 2019 - 2022, USD Million
TABLE 14North America Polyvinyl Chloride Market, by Country, 2023 - 2030, USD Million
TABLE 15North America Polyvinyl Chloride Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 16North America Polyvinyl Chloride Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 17North America Polypropylene Market, by Country, 2019 - 2022, USD Million
TABLE 18North America Polypropylene Market, by Country, 2023 - 2030, USD Million
TABLE 19North America Polypropylene Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 20North America Polypropylene Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 21North America Others Market, by Country, 2019 - 2022, USD Million
TABLE 22North America Others Market, by Country, 2023 - 2030, USD Million
TABLE 23North America Others Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 24North America Others Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 25North America Wood Plastic Composites Market, by Application, 2019 - 2022, USD Million
TABLE 26North America Wood Plastic Composites Market, by Application, 2023 - 2030, USD Million
TABLE 27North America Wood Plastic Composites Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 28North America Wood Plastic Composites Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 29North America Building & Construction Market, by Country, 2019 - 2022, USD Million
TABLE 30North America Building & Construction Market, by Country, 2023 - 2030, USD Million
TABLE 31North America Building & Construction Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 32North America Building & Construction Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 33North America Automotive Components Market, by Country, 2019 - 2022, USD Million
TABLE 34North America Automotive Components Market, by Country, 2023 - 2030, USD Million
TABLE 35North America Automotive Components Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 36North America Automotive Components Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 37North America Industrial & Consumer Products Market, by Country, 2019 - 2022, USD Million
TABLE 38North America Industrial & Consumer Products Market, by Country, 2023 - 2030, USD Million
TABLE 39North America Industrial & Consumer Products Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 40North America Industrial & Consumer Products Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 41North America Others Market, by Country, 2019 - 2022, USD Million
TABLE 42North America Others Market, by Country, 2023 - 2030, USD Million
TABLE 43North America Others Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 44North America Others Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 45North America Wood Plastic Composites Market, by Country, 2019 - 2022, USD Million
TABLE 46North America Wood Plastic Composites Market, by Country, 2023 - 2030, USD Million
TABLE 47North America Wood Plastic Composites Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 48North America Wood Plastic Composites Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 49US Wood Plastic Composites Market, 2019 - 2022, USD Million
TABLE 50US Wood Plastic Composites Market, 2023 - 2030, USD Million
TABLE 51US Wood Plastic Composites Market, 2019 - 2022, Kilo Tonnes
TABLE 52US Wood Plastic Composites Market, 2023 - 2030, Kilo Tonnes
TABLE 53US Wood Plastic Composites Market, by Type, 2019 - 2022, USD Million
TABLE 54US Wood Plastic Composites Market, by Type, 2023 - 2030, USD Million
TABLE 55US Wood Plastic Composites Market, by Type, 2019 - 2022, Kilo Tonnes
TABLE 56US Wood Plastic Composites Market, by Type, 2023 - 2030, Kilo Tonnes
TABLE 57US Wood Plastic Composites Market, by Application, 2019 - 2022, USD Million
TABLE 58US Wood Plastic Composites Market, by Application, 2023 - 2030, USD Million
TABLE 59US Wood Plastic Composites Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 60US Wood Plastic Composites Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 61Canada Wood Plastic Composites Market, 2019 - 2022, USD Million
TABLE 62Canada Wood Plastic Composites Market, 2023 - 2030, USD Million
TABLE 63Canada Wood Plastic Composites Market, 2019 - 2022, Kilo Tonnes
TABLE 64Canada Wood Plastic Composites Market, 2023 - 2030, Kilo Tonnes
TABLE 65Canada Wood Plastic Composites Market, by Type, 2019 - 2022, USD Million
TABLE 66Canada Wood Plastic Composites Market, by Type, 2023 - 2030, USD Million
TABLE 67Canada Wood Plastic Composites Market, by Type, 2019 - 2022, Kilo Tonnes
TABLE 68Canada Wood Plastic Composites Market, by Type, 2023 - 2030, Kilo Tonnes
TABLE 69Canada Wood Plastic Composites Market, by Application, 2019 - 2022, USD Million
TABLE 70Canada Wood Plastic Composites Market, by Application, 2023 - 2030, USD Million
TABLE 71Canada Wood Plastic Composites Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 72Canada Wood Plastic Composites Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 73Mexico Wood Plastic Composites Market, 2019 - 2022, USD Million
TABLE 74Mexico Wood Plastic Composites Market, 2023 - 2030, USD Million
TABLE 75Mexico Wood Plastic Composites Market, 2019 - 2022, Kilo Tonnes
TABLE 76Mexico Wood Plastic Composites Market, 2023 - 2030, Kilo Tonnes
TABLE 77Mexico Wood Plastic Composites Market, by Type, 2019 - 2022, USD Million
TABLE 78Mexico Wood Plastic Composites Market, by Type, 2023 - 2030, USD Million
TABLE 79Mexico Wood Plastic Composites Market, by Type, 2019 - 2022, Kilo Tonnes
TABLE 80Mexico Wood Plastic Composites Market, by Type, 2023 - 2030, Kilo Tonnes
TABLE 81Mexico Wood Plastic Composites Market, by Application, 2019 - 2022, USD Million
TABLE 82Mexico Wood Plastic Composites Market, by Application, 2023 - 2030, USD Million
TABLE 83Mexico Wood Plastic Composites Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 84Mexico Wood Plastic Composites Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 85Rest of North America Wood Plastic Composites Market, 2019 - 2022, USD Million
TABLE 86Rest of North America Wood Plastic Composites Market, 2023 - 2030, USD Million
TABLE 87Rest of North America Wood Plastic Composites Market, 2019 - 2022, Kilo Tonnes
TABLE 88Rest of North America Wood Plastic Composites Market, 2023 - 2030, Kilo Tonnes
TABLE 89Rest of North America Wood Plastic Composites Market, by Type, 2019 - 2022, USD Million
TABLE 90Rest of North America Wood Plastic Composites Market, by Type, 2023 - 2030, USD Million
TABLE 91Rest of North America Wood Plastic Composites Market, by Type, 2019 - 2022, Kilo Tonnes
TABLE 92Rest of North America Wood Plastic Composites Market, by Type, 2023 - 2030, Kilo Tonnes
TABLE 93Rest of North America Wood Plastic Composites Market, by Application, 2019 - 2022, USD Million
TABLE 94Rest of North America Wood Plastic Composites Market, by Application, 2023 - 2030, USD Million
TABLE 95Rest of North America Wood Plastic Composites Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 96Rest of North America Wood Plastic Composites Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 97Key Information - Trex Company, Inc.
TABLE 98Key Information - The AZEK Company Inc.
TABLE 99Key Information - Fortune Brands Innovations, Inc.
TABLE 100Key Information - Dow, Inc.
TABLE 101Key Information - UFP Industries, Inc.
TABLE 102Key Information - Renolit SE
TABLE 103Key Information - AIMPLAS
TABLE 104Key Information - JELU-WERK J. Ehrler GmbH & Co. KG
TABLE 105Key Information - FKuR Kunststoff GmbH
TABLE 106Key Information - Beologic

North America Wood Plastic Composites Market Size, Share & Trends Analysis Report By Type (Polyethylene, Polyvinyl Chloride, Polypropylene and Others), By Application, By Country and Growth Forecast, 2023 - 2030