GLOBAL WOOD PLASTIC COMPOSITES MARKET 2022-2028

GLOBAL WOOD PLASTIC COMPOSITES MARKET 2022-2028

MARKET OUTLOOK
As mentioned in Triton’s research report, the global market for wood plastic composites is estimated to register growth at a CAGR of 9.16% and 7.72% in value and volume, respectively, over the period of 2022-2028.
The growing demand from the building and construction industry, increasing demand for recyclable materials in the automotive industry, and the ban on arsenic toxins are supporting the overall development of the wood plastic composites market significantly.
Additionally, the environmental concerns and surge in demand for PVC-capped decking products are opening new avenues for the studied market. However, performance limitations and lowering the weight of WPC products hamper the market’s growth.

REGIONAL OUTLOOK
The global wood plastic composites market covers North America, Asia-Pacific, Latin America, Europe, Middle East and Africa regions.
Globally, the Asia-Pacific is expected to emerge as the fastest-growing region in the wood plastic composites market. China held the largest share in the market in 2020. Wood plastic composite materials are widely used to increase the durability and shelf life of various products, owing to the rise in the manufacturing sector in China. Further, the growing demand for India and Japan due to the rising use of outdoor applications also supports the development of the wood plastic composites market across the region.
COMPETITIVE OUTLOOK
The leading firms in the wood plastic composites market are Fiberon LLC, Jelu Werk Josef Ehrler GmbH and Co KG, Moistureshield, Tamko Building Products Inc, Trex Company Inc, Certainteed Corporation, UPM, Axion International Inc, Beologic NV, Fkur Kunststoff GmbH, Polyplank AB, Universal Forest Products Inc, and Timbertech Limited.
UPM is building a sustainable future across multiple business areas, including biorefining, energy, specialty papers, and plywood. The products are formed out of renewable raw materials and are recyclable. Its products are served to various end-user industries globally. Moreover, the company’s ProFi segment is well-known for its advanced wood plastic and composites products.


1. GLOBAL WOOD PLASTIC COMPOSITES MARKET - SUMMARY
2. INDUSTRY OUTLOOK
2.1. MARKET DEFINITION
2.2. KEY INSIGHTS
2.2.1. POLYPROPYLENE IS A RAPIDLY GROWING WOOD PLASTIC COMPOSITE TYPE
2.2.2. BUILDING & CONSTRUCTION PRODUCTS MAJORLY USE WOOD PLASTIC COMPOSITES
2.2.3. IMPROVEMENT IN PRODUCTION TECHNIQUE
2.2.4. ADVANTAGE OF RECYCLABLE RAW MATERIALS
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTES
2.3.3. BARGAINING POWER OF SUPPLIERS
2.3.4. BARGAINING POWER OF BUYERS
2.3.5. INTENSITY OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. IMPACT OF COVID-19 ON THE WOOD PLASTICS COMPOSITES MARKET
2.7. KEY MARKET STRATEGIES
2.7.1. CONTRACTS & PARTNERSHIPS
2.7.2. BUSINESS EXPANSIONS & DIVESTITURES
2.7.3. NEW PRODUCT LAUNCHES
2.8. MARKET DRIVERS
2.8.1. RISING DEMAND FROM THE BUILDING AND CONSTRUCTION INDUSTRY
2.8.2. RISE IN DEMAND FOR RECYCLABLE MATERIALS IN THE AUTOMOTIVE INDUSTRY
2.8.3. BAN ON ARSENIC TOXINS, CHROMIUM, AND TOXINS COPPER
2.9. MARKET CHALLENGES
2.9.1. PERFORMANCE LIMITATIONS
2.9.2. SUSCEPTIBILITY TO STRUGGLE UNDER HEAVY LOAD
2.9.3. LOWERING WEIGHT OF WPC PRODUCTS
2.10. MARKET OPPORTUNITIES
2.10.1. ENVIRONMENTAL CONCERNS
2.10.2. RISE IN DEMAND FOR PVC-CAPPED DECKING PRODUCTS
3. GLOBAL WOOD PLASTIC COMPOSITES MARKET OUTLOOK - BY TYPE
3.1. POLYETHYLENE (PE)
3.2. POLYVINYL CHLORIDE (PVC)
3.3. POLYPROPYLENE (PP)
3.4. OTHER TYPES
4. GLOBAL WOOD PLASTIC COMPOSITES MARKET OUTLOOK - BY APPLICATION
4.1. BUILDING & CONSTRUCTION PRODUCTS
4.2. AUTOMOTIVE COMPONENTS
4.3. INDUSTRIAL & CONSUMER GOODS
4.4. OTHER APPLICATIONS
5. GLOBAL WOOD PLASTIC COMPOSITES MARKET – REGIONAL OUTLOOK
5.1. NORTH AMERICA
5.1.1. MARKET BY TYPE
5.1.2. MARKET BY APPLICATION
5.1.3. COUNTRY ANALYSIS
5.1.3.1. UNITED STATES
5.1.3.2. CANADA
5.2. EUROPE
5.2.1. MARKET BY TYPE
5.2.2. MARKET BY APPLICATION
5.2.3. COUNTRY ANALYSIS
5.2.3.1. UNITED KINGDOM
5.2.3.2. GERMANY
5.2.3.3. FRANCE
5.2.3.4. SPAIN
5.2.3.5. ITALY
5.2.3.6. RUSSIA
5.2.3.7. REST OF EUROPE
5.3. ASIA-PACIFIC
5.3.1. MARKET BY TYPE
5.3.2. MARKET BY APPLICATION
5.3.3. COUNTRY ANALYSIS
5.3.3.1. CHINA
5.3.3.2. JAPAN
5.3.3.3. INDIA
5.3.3.4. SOUTH KOREA
5.3.3.5. ASEAN COUNTRIES
5.3.3.6. AUSTRALIA & NEW ZEALAND
5.3.3.7. REST OF ASIA-PACIFIC
5.4. LATIN AMERICA
5.4.1. MARKET BY TYPE
5.4.2. MARKET BY APPLICATION
5.4.3. COUNTRY ANALYSIS
5.4.3.1. BRAZIL
5.4.3.2. MEXICO
5.4.3.3. REST OF LATIN AMERICA
5.5. MIDDLE EAST AND AFRICA
5.5.1. MARKET BY TYPE
5.5.2. MARKET BY APPLICATION
5.5.3. COUNTRY ANALYSIS
5.5.3.1. UNITED ARAB EMIRATES
5.5.3.2. TURKEY
5.5.3.3. SAUDI ARABIA
5.5.3.4. SOUTH AFRICA
5.5.3.5. REST OF MIDDLE EAST & AFRICA
6. COMPETITIVE LANDSCAPE
6.1. MOISTURESHIELD
6.2. AXION INTERNATIONAL INC
6.3. BEOLOGIC NV
6.4. CERTAINTEED CORPORATION
6.5. FIBERON LLC
6.6. FKUR KUNSTSTOFF GMBH
6.7. JELU WERK JOSEF EHRLER GMBH AND CO KG
6.8. POLYPLANK AB
6.9. TAMKO BUILDING PRODUCTS INC
6.10. TIMBERTECH LIMITED
6.11. TREX COMPANY INC
6.12. UNIVERSAL FOREST PRODUCTS INC
6.13. UPM
7. RESEARCH METHODOLOGY & SCOPE
7.1. RESEARCH SCOPE & DELIVERABLES
7.1.1. OBJECTIVES OF STUDY
7.1.2. SCOPE OF STUDY
7.2. SOURCES OF DATA
7.2.1. PRIMARY DATA SOURCES
7.2.2. SECONDARY DATA SOURCES
7.3. RESEARCH METHODOLOGY
7.3.1. EVALUATION OF PROPOSED MARKET
7.3.2. IDENTIFICATION OF DATA SOURCES
7.3.3. ASSESSMENT OF MARKET DETERMINANTS
7.3.4. DATA COLLECTION
7.3.5. DATA VALIDATION & ANALYSIS
LIST OF TABLES
TABLE 1: GLOBAL WOOD PLASTIC COMPOSITES MARKET, BY GEOGRAPHY, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: GLOBAL WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 4: GLOBAL WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN KILOTON)
TABLE 5: GLOBAL WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 6: GLOBAL WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN KILOTON)
TABLE 7: GLOBAL WOOD PLASTIC COMPOSITES MARKET, BY GEOGRAPHY, 2022-2028 (IN $ MILLION)
TABLE 8: GLOBAL WOOD PLASTIC COMPOSITES MARKET, BY GEOGRAPHY, 2022-2028 (IN KILOTON)
TABLE 9: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN KILOTON)
TABLE 11: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 12: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN KILOTON)
TABLE 13: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 14: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN KILOTON)
TABLE 15: EUROPE WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 16: EUROPE WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN KILOTON)
TABLE 17: EUROPE WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 18: EUROPE WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN KILOTON)
TABLE 19: EUROPE WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 20: EUROPE WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN KILOTON)
TABLE 21: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 22: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN KILOTON)
TABLE 23: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 24: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN KILOTON)
TABLE 25: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 26: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN KILOTON)
TABLE 27: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 28: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN KILOTON)
TABLE 29: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 30: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN KILOTON)
TABLE 31: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 32: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN KILOTON)
TABLE 33: MIDDLE EAST AND AFRICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 34: MIDDLE EAST AND AFRICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN KILOTON)
TABLE 35: MIDDLE EAST AND AFRICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 36: MIDDLE EAST AND AFRICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN KILOTON)
TABLE 37: MIDDLE EAST AND AFRICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 38: MIDDLE EAST AND AFRICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN KILOTON)
LIST OF FIGURES
FIGURE 1: GLOBAL WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2021 & 2028 (IN %)
FIGURE 2: GLOBAL POLYPROPYLENE MARKET, 2022-2028 (IN $ MILLION)
FIGURE 3: GLOBAL BUILDING & CONSTRUCTION MARKET, 2022-2028 (IN $ MILLION)
FIGURE 4: PORTER’S FIVE FORCES ANALYSIS
FIGURE 5: MARKET ATTRACTIVENESS INDEX
FIGURE 6: GLOBAL WOOD PLASTIC COMPOSITES MARKET, BY POLYETHYLENE (PE), 2022-2028 (IN $ MILLION)
FIGURE 7: GLOBAL WOOD PLASTIC COMPOSITES MARKET, BY POLYVINYL CHLORIDE (PVC), 2022-2028 (IN $ MILLION)
FIGURE 8: GLOBAL WOOD PLASTIC COMPOSITES MARKET, BY POLYPROPYLENE (PP), 2022-2028 (IN $ MILLION)
FIGURE 9: GLOBAL WOOD PLASTIC COMPOSITES MARKET, BY OTHER TYPES, 2022-2028 (IN $ MILLION)
FIGURE 10: GLOBAL WOOD PLASTIC COMPOSITES MARKET, BY BUILDING & CONSTRUCTION PRODUCTS, 2022-2028 (IN $ MILLION)
FIGURE 11: GLOBAL WOOD PLASTIC COMPOSITES MARKET, BY AUTOMOTIVE COMPONENTS, 2022-2028 (IN $ MILLION)
FIGURE 12: GLOBAL WOOD PLASTIC COMPOSITES MARKET, BY INDUSTRIAL & CONSUMER GOODS, 2022-2028 (IN $ MILLION)
FIGURE 13: GLOBAL WOOD PLASTIC COMPOSITES MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)
FIGURE 14: GLOBAL WOOD PLASTIC COMPOSITES MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)
FIGURE 15: UNITED STATES WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 16: CANADA WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 17: UNITED KINGDOM WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 18: GERMANY WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 19: FRANCE WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 20: SPAIN WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 21: ITALY WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 22: RUSSIA WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: REST OF EUROPE WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: CHINA WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: JAPAN WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: INDIA WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: SOUTH KOREA WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: ASEAN COUNTRIES WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 29: AUSTRALIA & NEW ZEALAND WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 30: REST OF ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 31: BRAZIL WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 32: MEXICO WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 33: REST OF LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 34: UNITED ARAB EMIRATES WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 35: TURKEY WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 36: SAUDI ARABIA WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 37: SOUTH AFRICA WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)
FIGURE 38: REST OF MIDDLE EAST & AFRICA WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)

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