PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1463768
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1463768
Wood-Plastic Composite Market Size and Share Analysis by Material, Application - Global Industry Revenue Estimation and Demand Forecast to 2030
Key Highlights
The wood plastic composite market was valued at USD 7,489.7 million in 2023, which will increase to USD 14,412.9 million, advancing at a 10.0% compound annual growth rate, by 2030.
The industry is mainly driven by the increasing need for robust, environment-friendly, and lightweight construction materials to match the rising rate of building and construction activities across the globe.
The utilization of these materials lessens the reliance on forest resources amid the increasing global warming as well as resource depletion problems.
The great robustness of these composites is also a key factor aiding their increasing consumption, therefore making them a profitable investment area.
The material has great resistance against insects, degradation, and rotting because of the unique combination of wood fibers and thermoplastics.
It becomes a suitable option for construction applications because it doesn't bend, fracture, or break easily, unlike lumber or various other pure wood products.
Currently, WPC doors and decking are increasingly becoming popular in both renovated and new buildings.
WPC products like boards, moldings, and doors, do not necessitate frequent painting, sealing, and other treatments to preserve their sound structure and visual appearance, unlike conventional wood.
Key Insights
North America accounted for a substantial share in 2023, because of the rising need for sustainable materials in both industrial and residential construction applications.
The constant economic development, high-volume immigration, surging population, advantageous lending environments, and urbanization in North America have encouraged residential construction activities.
APAC is likely to propel at the fastest rate, of 10.5%, during this decade. This is because of the swift industrialization, urbanization, and thriving construction activities in both the commercial and residential sectors.
The industry in APAC is further boosted by the increasing count of government initiatives for increasing consciousness regarding green buildings and price-effective construction materials.
Emerging economies boost the APAC market because of government-supported infrastructure funding.
In 2023, the polyethylene category accounted for a 40% share, and it will further propel at a 10.2% CAGR in the coming years.
Polyethylene is extensively used because of its durability, versatility, easy processing, and the weather and physical resistance it provides to the composites.
Polyethylene is also used widely in outdoor furniture, decking, fencing, and various other construction areas.
Polypropylene was a significant contributor to the industry in 2023, as it binds the wood fibers, to produce strong, UV-stable, chemical-resistant, weather-resistant, and mechanically robust material for alike applications as polyethylene-based WPCs.
The building & construction category led the industry in 2023, with a 30% share, because of the widespread utilization of composites in decking.
The utilization of these materials in decking assists in refining the concrete's quality as well as improving strength.
The automotive category is also an important shareholder in the application category, because of the improved thermal, processing, and mechanical characteristics of these materials, making them suitable for different automobile parts.
The wood plastic composite industry is fragmented in nature, with the existence of numerous players. Major players in the industry are involved in the R&D of different wood products.
An extensive product offering, aided by greater operational effectiveness, and new & safe technology development for complex applications, are the tactics implemented by the players.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by material
- 1.4.2. Market size breakdown, by application
- 1.4.3. Market size breakdown, by region
- 1.4.4. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Volume, by Material (2017-2030)
- 6.3. Market Revenue, by Material (2017-2030)
- 6.4. Market Volume, by Application (2017-2030)
- 6.5. Market Revenue, by Application (2017-2030)
- 6.6. Market Volume, by Region (2017-2030)
- 6.7. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Volume, by Material (2017-2030)
- 7.3. Market Revenue, by Material (2017-2030)
- 7.4. Market Volume, by Application (2017-2030)
- 7.5. Market Revenue, by Application (2017-2030)
- 7.6. Market Volume, by Country (2017-2030)
- 7.7. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Volume, by Material (2017-2030)
- 8.3. Market Revenue, by Material (2017-2030)
- 8.4. Market Volume, by Application (2017-2030)
- 8.5. Market Revenue, by Application (2017-2030)
- 8.6. Market Volume, by Country (2017-2030)
- 8.7. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Volume, by Material (2017-2030)
- 9.3. Market Revenue, by Material (2017-2030)
- 9.4. Market Volume, by Application (2017-2030)
- 9.5. Market Revenue, by Application (2017-2030)
- 9.6. Market Volume, by Country (2017-2030)
- 9.7. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Volume, by Material (2017-2030)
- 10.3. Market Revenue, by Material (2017-2030)
- 10.4. Market Volume, by Application (2017-2030)
- 10.5. Market Revenue, by Application (2017-2030)
- 10.6. Market Volume, by Country (2017-2030)
- 10.7. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Volume, by Material (2017-2030)
- 11.3. Market Revenue, by Material (2017-2030)
- 11.4. Market Volume, by Application (2017-2030)
- 11.5. Market Revenue, by Application (2017-2030)
- 11.6. Market Volume, by Country (2017-2030)
- 11.7. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Volume, by Material (2017-2030)
- 12.3. Market Revenue, by Material (2017-2030)
- 12.4. Market Volume, by Application (2017-2030)
- 12.5. Market Revenue, by Application (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Volume, by Material (2017-2030)
- 13.3. Market Revenue, by Material (2017-2030)
- 13.4. Market Volume, by Application (2017-2030)
- 13.5. Market Revenue, by Application (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Volume, by Material (2017-2030)
- 14.3. Market Revenue, by Material (2017-2030)
- 14.4. Market Volume, by Application (2017-2030)
- 14.5. Market Revenue, by Application (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Volume, by Material (2017-2030)
- 15.3. Market Revenue, by Material (2017-2030)
- 15.4. Market Volume, by Application (2017-2030)
- 15.5. Market Revenue, by Application (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Volume, by Material (2017-2030)
- 16.3. Market Revenue, by Material (2017-2030)
- 16.4. Market Volume, by Application (2017-2030)
- 16.5. Market Revenue, by Application (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Volume, by Material (2017-2030)
- 17.3. Market Revenue, by Material (2017-2030)
- 17.4. Market Volume, by Application (2017-2030)
- 17.5. Market Revenue, by Application (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Volume, by Material (2017-2030)
- 18.3. Market Revenue, by Material (2017-2030)
- 18.4. Market Volume, by Application (2017-2030)
- 18.5. Market Revenue, by Application (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Volume, by Material (2017-2030)
- 19.3. Market Revenue, by Material (2017-2030)
- 19.4. Market Volume, by Application (2017-2030)
- 19.5. Market Revenue, by Application (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Volume, by Material (2017-2030)
- 20.3. Market Revenue, by Material (2017-2030)
- 20.4. Market Volume, by Application (2017-2030)
- 20.5. Market Revenue, by Application (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Volume, by Material (2017-2030)
- 21.3. Market Revenue, by Material (2017-2030)
- 21.4. Market Volume, by Application (2017-2030)
- 21.5. Market Revenue, by Application (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Volume, by Material (2017-2030)
- 22.3. Market Revenue, by Material (2017-2030)
- 22.4. Market Volume, by Application (2017-2030)
- 22.5. Market Revenue, by Application (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Volume, by Material (2017-2030)
- 23.3. Market Revenue, by Material (2017-2030)
- 23.4. Market Volume, by Application (2017-2030)
- 23.5. Market Revenue, by Application (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Volume, by Material (2017-2030)
- 24.3. Market Revenue, by Material (2017-2030)
- 24.4. Market Volume, by Application (2017-2030)
- 24.5. Market Revenue, by Application (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Volume, by Material (2017-2030)
- 25.3. Market Revenue, by Material (2017-2030)
- 25.4. Market Volume, by Application (2017-2030)
- 25.5. Market Revenue, by Application (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Volume, by Material (2017-2030)
- 26.3. Market Revenue, by Material (2017-2030)
- 26.4. Market Volume, by Application (2017-2030)
- 26.5. Market Revenue, by Application (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Volume, by Material (2017-2030)
- 27.3. Market Revenue, by Material (2017-2030)
- 27.4. Market Volume, by Application (2017-2030)
- 27.5. Market Revenue, by Application (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Volume, by Material (2017-2030)
- 28.3. Market Revenue, by Material (2017-2030)
- 28.4. Market Volume, by Application (2017-2030)
- 28.5. Market Revenue, by Application (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Trex Company Inc.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Oldcastle APG Inc., (MoistureShield)
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. UFP Industries Inc
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. FIBERON
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. The AZEK Company Inc. (TimberTech)
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. BEOLOGIC
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. FKuR Kunststoff GmbH
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Green Dot Bioplastics Inc.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. JELU-WERK J. Ehrler GmbH & Co. KG
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Advanced Environmental Recycling Technologies Inc. (AERT)
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
