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Global Wood Plastic Composites (WPC) Market Insight
2022-05-10 Comments

Global wood plastic composites (wpc) is forecast to 11.41% over the next five years. According to the WK-chem Research, “Global Wood Plastic Composites (WPC) Professional Survey Report 2022, Forecast to 2027”, increasing environmental concerns and stringent government regulation boosts the growth of the Wood-Plastic Composites (WPC) market. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 11.41% base on WK-chem Research regression analysis model.
Analysts’ Viewpoint:
“The wood plastic composites market is moderately fragmented as the market share is divided between many players. Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Wood Plastic Composites (WPC) market report”, said Tony Wilson, Data Analyst, in WK-chem Research.
Market insight:
Government schemes for boosting construction and remodeling activities drive the growth of the wood-plastic composites market. The growing use of recycled plastics materials in the construction sector also drives the market growth.
The raw materials often used for manufacturing wood-plastic composites such as polypropylene, polyethylene, polyvinyl chloride, and polylactide are derived from crude oil. Hence, uncertainty in crude oil prices also fluctuates the prices for wood-plastic composites. Thus, the volatility in crude oil prices is expected to be a significant challenge for the wood plastic composite manufacturers during the forecast period.
Competition Landscape:
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wood plastic composites (wpc) companies that include: Trex Company, Inc., Axion Structural Innovations LLC, Beologic N.V., Oldcastle Architectural Inc., CertainTeed Corporation, Fiberon, LLC, Fkur Kunststoff GmbH, Guangzhou Kindwood Co. Ltd., Jelu-Werk Josef Ehrler GmbH & Co. KG, Woodmass, PolyPlank AB, Renolit, TAMKO Building Products, Inc., TimberTech, and Universal Forest Product., among others.
Segmentation of Wood Plastic Composites (WPC) Market:
According to the type, the market for wood plastic composites (wpc) is divided into: Polyethylene (PE) (high-density polyethylene (HDPE), Low-density polyethylene (LDPE), Linear Low-density polyethylene (LLDPE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polylactide (PLA), and Others. Polyethylene the segment held the largest share. Owing to its molecular structure and special arrangement of the molecules, PE-based composites of wood-plastic are widely used for producing decking including flooring, lumber, molding strips, furniture materials, wall cladding, hollow boards, and hollow filler profiles. Increase in construction activities across the globe augments the growth of the wood-plastic composites market.
According to the application, the market for wood plastic composites (wpc) is divided into: Automotive, Aerospace, Railways, Marine, Building & Construction, Consumer Goods, Sports, and Others. Automotive has the largest market share. The growing trend for lightweight vehicles with miniatured engine compartments increases the demand for wood-plastic composites. Wood-plastic composites are used in engine compartments and in automotive applications for manufacturing door panels, luggage cabin linings, and dashboards to enhance mechanical strength and acoustic performance, reduce material weight, and lower production cost.
Wood Plastic Composites (WPC) Market: Regional Analysis
In terms of geography, the global wood plastic composites (wpc) market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Increasing building and construction activities in North American regions such as the United States and Mexico due to economic reforms and rising per capita income of the individuals proliferates the demand for wood-plastic composites. Wood-plastic composites are preferred due to their lightweight and good chemical and pest resistance compared to conventional wood.
Cagr: 11.41%
Largest share area:North America
Largest share country: United States
Product Type:Polyethylene (PE) (high-density polyethylene (HDPE), Low-density polyethylene (LDPE), Linear Low-density polyethylene (LLDPE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polylactide (PLA), and Others
Application:Automotive, Aerospace, Railways, Marine, Building & Construction, Consumer Goods, Sports, and Others.
Leading Company:Trex Company, Inc., Axion Structural Innovations LLC, Beologic N.V., Oldcastle Architectural Inc., CertainTeed Corporation