Felton, 5 December
2019 - Wood Plastic Composite (WPC) Market
is anticipated to reach USD 8.15 billion by 2025. Wood-plastic composite is an
ecological green material that offers cosmic resilience by diminishing the use
of toxic chemicals. It consists of plant fiber, which provides them with high
strength and stiffness, low density, low CO2 emission, and biodegradability.
The wood plastic composites industry is driven by a great
upsurge in requirement from building & construction applications,
accessibility of non-utilized plastic &wood wastes and stern protocols on
the use of chemicals in building materials. However, apart from propelling
factors, there is a huge cost of raw materials and some issues have evolved
related to mechanical strength and weight hamper for several structural
applications. This is a major factor responsible for declining the growth of
the market massively, however the scenario will be have constrains during the
forecast period.
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Considering the market’s future expansion, there will be an escalation
in execution of the biodegradable raw materials, which is likely to create
prospects in the wood plastic composite market. Looking at the progress, the
existing, as well as the new investors, have started investing vastly for the
manufacturers to come up with some more stimulating innovations for the demand
to increase. This is one of the major reason that will immensely surge the
progress of the wood plastic composite industry during the estimated time span.
The wood plastic composites (WPC) market is segmented on the
basis of type (polyethylene, polypropylene, polyvinylchloride, others); by
application (building & construction (decking, molding & siding,
fencing), automotive components, industrial & consumer goods, others) and
by region (North America, Europe, Asia Pacific, Central & South America,
Middle East & Africa).
Geographically, North America holds the largest market for
wood-plastic composites and can be attributed to the saturation of high
productivity in the building and construction industry. Increase in the
consumer requirement for bio-compatible products in applications such as
consumer goods and automotive interior parts will propel the growth of this
region during the forecast period. As far as the wood plastic composite (WPC)
industry is concerned, Europe has reached a growing stage wherein this region
is anticipated to register a lethargic revenue over the estimated time span. In
the near future, wood plastic composites market will continue to come up with
some extraordinary product innovations to attract new consumers and investors,
for them to continue the domination.
Some of the most significant key players profiled in the
wood plastic composites (WPC) industry report are Trex Company, Inc. Timbertech
Ltd., Advanced Environmental Recycling Technologies, Inc., Tamko Building
Products, Inc., Axion International, Inc., Fkur Kunststoff GmbH, Certainteed
Corporation, Fiberon, LLC., Beologic N.V., and Polymera, Inc.
Some of the two-tier players include Findock International
Inc., Guangzhou Kindwood Co. Ltd., Polyplank AB, OnSpec Composites Inc., Plygem
Holdings Inc., Crane Plastics, Josef Ehrler GmbH & Co. Kg, CPG
International LLC., North Wood Plastics Inc., and Universal Forest Products,
Inc. All the leading companies are including mergers and acquisitions,
partnerships and joint ventures to enhance the growth of the market
efficiently.
Market Segment:
Wood Plastic
Composite Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Polyethylene
• Polypropylene
• Polyvinylchloride
• Others
Wood Plastic
Composite Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 -
2025)
• Building &
Construction
• Decking
• Molding &
Siding
• Fencing
• Automotive
Components
• Industrial &
Consumer Goods
• Others
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Insights, Download Brochure @ https://www.millioninsights.com/industry-reports/wood-plastic-composite-wpc-market
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