Global Wood Plastic Composites Market (2020 to 2028)
Dublin, April 30, 2020 (GLOBE NEWSWIRE) -- The "Global Wood Plastic Composites Market 2020-2028" report has been added to ResearchAndMarkets.com's offering.
This report has determined that the global wood plastic composites market would show growth at a CAGR of 9.54% and 8.35% in terms of revenue and volume, respectively, in the estimated years 2020-2028.
The increasing demand by the building and construction industry is the main factor driving the growth of the global wood plastic composites market. In addition, the rising demand for recyclable materials in the manufacturing process of the automotive industry, coupled with the ban on the use of arsenic toxins, chromium and copper toxins, is driving the market growth. Increasing environmental concern in society and the rising demand for PVC-capped decking products are likely to create lucrative opportunities for the market. However, product performance limitations, being susceptible to creep under heavy load and the huge weight of wood plastic composites are restraining the market growth. Besides, a higher preference for virgin materials over recyclates poses a significant challenge to market growth.
The global market report covers the countries from North America, Europe, the Asia-Pacific, Latin America and the Middle East & Africa.
Asia-Pacific is expected to be the fastest-growing region for the wood plastic composites market in terms of revenue. Due to the increasing demand for wood plastic composites in the building and construction sector by Asian countries like Japan and India, these countries are gradually increasing the production capacity to cater to the demand. Besides, the rising adoption of this material by the manufacturing sector in China is also an additional factor driving the regional market growth.
The major companies in the wood plastic composites market are Timbertech Limited, MositureShield (Formerly Advanced Environmental Recycling Technologies Inc (AERT)) (Acquired by Oldcastle Architectural), Jelu-Werk Josef Ehrler GmbH & Co KG, Beologic, FKuR Kunststoff GmbH, Certainteed, Polyplank AB, Axion International Inc (Axion Structural Innovations LLC), Fiberon (Acquired By Fortune Brands Home & Security Inc), Universal Forest Products Inc (UPF Industries Inc), Tamko Building Products LLC, UPM and Trex Company Inc.
CertainTeed Corporation is a company involved in the manufacturing of building materials. The company has a wide product portfolio, including interior and exterior building products like roofing, fence, decking, railing, insulation, ceilings and pipe products. It offers its products to both residential and commercial buildings. The company also manufactures vinyl pipes and fittings required in the water supply and drainage systems. It also offers pipe systems for different segments, including mining, industrial, irrigation and pressurized drilling applications.
Key Topics Covered:
1. Global Wood Plastic Composites Market - Summary
2. Industry Outlook2.1. Market Definition2.2. Key Insights2.2.1. Polypropylene is the Rapidly Growing Wood Plastic Composite Type in the Market2.2.2. Building & Construction Products Are the Major Users of the Wood Plastic Composites2.2.3. Improvement in Production Technique2.2.4. Advantage of Recyclable Raw Materials2.3. Porter's Five Force Analysis2.3.1. Threat of New Entrants2.3.2. Threat of Substitute2.3.3. Bargaining Power of Suppliers2.3.4. Bargaining Power of Buyers2.3.5. Intensity of Competitive Rivalry2.4. Market Attractiveness Index2.5. Vendor Scorecard2.6. Market Drivers2.6.1. Rising Demand by Building and Construction Industry2.6.2. Rise in the Demand for Recyclable Materials in Automotive Industry2.6.3. Ban on the Arsenic Toxins, Chromium and Copper Toxins2.7. Market Restraints2.7.1. Performance Limitations2.7.2. Susceptible to Struggle Under Heavy Load2.7.3. Lowering the Weight of Wpc Products2.8. Market Opportunities2.8.1. Concern Related to Environment2.8.2. Rise in the Demand for Pvc-Capped Decking Products2.9. Market Challenges2.9.1. Less Demand for Recyclates in Products
3. Wood Plastic Composites Market Outlook - by Type3.1. Polyethylene (Pe)3.2. Polyvinylchloride (Pvc)3.3. Polypropylene (Pp)3.4. Other Types
4. Wood Plastic Composites Market Outlook - by Application4.1. Building & Construction Products4.2. Automotive Components4.3. Industrial & Consumer Goods4.4. Other Applications
5. Wood Plastic Composites Market - Regional Outlook5.1. North America5.1.1. Market by Type5.1.2. Market by Application5.1.3. Country Analysis5.1.3.1. United States5.1.3.2. Canada5.2. Europe5.2.1. Market by Type5.2.2. Market by Application5.2.3. Country Analysis5.2.3.1. United Kingdom5.2.3.2. Germany5.2.3.3. France5.2.3.4. Spain5.2.3.5. Italy5.2.3.6. Russia5.2.3.7. Rest of Europe5.3. Asia-Pacific5.3.1. Market by Type5.3.2. Market by Application5.3.3. Country Analysis5.3.3.1. China5.3.3.2. Japan5.3.3.3. India5.3.3.4. South Korea5.3.3.5. Asean Countries5.3.3.6. Australia & New Zealand5.3.3.7. Rest of Asia-Pacific5.4. Latin America5.4.1. Market by Type5.4.2. Market by Application5.4.3. Country Analysis5.4.3.1. Brazil5.4.3.2. Mexico5.4.3.3. Rest of Latin America5.5. Middle East and Africa5.5.1. Market by Type5.5.2. Market by Application5.5.3. Country Analysis5.5.3.1. The United Arab Emirates5.5.3.2. Turkey5.5.3.3. Saudi Arabia5.5.3.4. South Africa5.5.3.5. Rest of Middle East & Africa
6. Competitive Landscape6.1. Mositureshield (Formerly Advanced Environmental Recycling Technologies Inc (Aert)) (Acquired by Oldcastle Architectural)6.2. Axion International Inc (Axion Structural Innovations LLC)6.3. Beologic 6.4. Certainteed 6.5. Fiberon (Acquired by Fortune Brands Home & Security Inc)6.6. Fkur Kunststoff GmbH6.7. Jelu-Werk Josef Ehrler GmbH & Co Kg6.8. Polyplank Ab6.9. Tamko Building Products LLC6.10. Timbertech Limited6.11. Trex Company Inc6.12. Universal Forest Products Inc (Upf Industries Inc)6.13. UPM
7. Research Methodology & Scope7.1. Research Scope & Deliverables7.1.1. Objectives of Study7.1.2. Scope of Study7.2. Sources of Data7.2.1. Primary Data Sources7.2.2. Secondary Data Sources7.3. Research Methodology7.3.1. Evaluation of Proposed Market7.3.2. Identification of Data Sources7.3.3. Assessment of Market Determinants7.3.4. Data Collection7.3.5. Data Validation & Analysis
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