Wood-Plastic Composite Market Updates by 2031
Wood-Plastic Composites are compounds that consist of wood waste and recycled plastic with features like reduced melting temperature, which makes the energy cost low for the producers and also reduces the product's environmental impact. More applications and innovative ways to use wood-plastic composites are being constantly established. These composites provide longevity, sustainability, and cost savings in a variety of applications such as interiors, car speakers, kitchen accessories, and home furniture.
MARKET DYNAMICS
The increasing availability of wood wastes and non-utilized plastic is primarily driving the composite wood market. The rise in demand from the building and construction industry, as well as stringent regulations on the application of chemicals in the building materials, is also driving the growth of the wood plastic composite market. Increasing the use of biodegradable materials across the world has also had a positive impact on the wood plastic composite market.
MARKET SCOPE
The "Global Wood plastic composite Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the wood plastic composite market with detailed market segmentation by type, application and geography. The global wood plastic composite market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading wood plastic composite market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Global Wood plastic composite Market is segmented on the basis of type and application. On the basis of type, the market is segmented into PE-based composite, PVC-based composite, PP-based composite and others. On the basis of application, the market is segmented into building and construction, automotive components, industrial and consumer products and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global wood plastic composite market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The wood plastic composite market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the wood plastic composite market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the wood plastic composite market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global wood plastic composite market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The wood plastic composite market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the wood plastic composite market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the wood plastic composite market in these regions.
MARKET PLAYERS
The reports cover key developments in the wood plastic composite market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from wood plastic composite market are anticipated to lucrative growth opportunities in the future with the rising demand for wood plastic composite in the global market. Below mentioned is the list of few companies engaged in the wood plastic composite market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wood plastic composite market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- J. Ehrler GmbH & Co. KG
- Guangzhou Kindwood Co., Ltd.
- Trex Company, Inc
- Advanced Environmental Recycling Technologies, Inc.
- Fiberon
- TAMKO Building Products LLC
- EKOTimber Tech Wood Plastic Composites LLP
- AXION STRUCTURAL INNOVATIONS LLC
- Beologic
- Fkur Kunststoff GmbH
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Wood-Plastic Composite Market - By Type
1.3.2 Wood-Plastic Composite Market - By Application
1.3.3 Wood-Plastic Composite Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WOOD-PLASTIC COMPOSITE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. WOOD-PLASTIC COMPOSITE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. WOOD-PLASTIC COMPOSITE MARKET - GLOBAL MARKET ANALYSIS
6.1. WOOD-PLASTIC COMPOSITE - GLOBAL MARKET OVERVIEW
6.2. WOOD-PLASTIC COMPOSITE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WOOD-PLASTIC COMPOSITE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. PE-BASED COMPOSITE
7.3.1. Overview
7.3.2. PE-based composite Market Forecast and Analysis
7.4. PVC-BASED COMPOSITE
7.4.1. Overview
7.4.2. PVC-based composite Market Forecast and Analysis
7.5. PP-BASED COMPOSITE
7.5.1. Overview
7.5.2. PP-based composite Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. others Market Forecast and Analysis
8. WOOD-PLASTIC COMPOSITE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BUILDING AND CONSTRUCTION
8.3.1. Overview
8.3.2. building and construction Market Forecast and Analysis
8.4. AUTOMOTIVE COMPONENTS
8.4.1. Overview
8.4.2. automotive components Market Forecast and Analysis
8.5. INDUSTRIAL AND CONSUMER PRODUCTS
8.5.1. Overview
8.5.2. industrial and consumer products Market Forecast and Analysis
8.6. OTHERS.
8.6.1. Overview
8.6.2. others. Market Forecast and Analysis
9. WOOD-PLASTIC COMPOSITE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Wood-Plastic Composite Market Overview
9.1.2 North America Wood-Plastic Composite Market Forecasts and Analysis
9.1.3 North America Wood-Plastic Composite Market Forecasts and Analysis - By Type
9.1.4 North America Wood-Plastic Composite Market Forecasts and Analysis - By Application
9.1.5 North America Wood-Plastic Composite Market Forecasts and Analysis - By Countries
9.1.5.1 United States Wood-Plastic Composite Market
9.1.5.1.1 United States Wood-Plastic Composite Market by Type
9.1.5.1.2 United States Wood-Plastic Composite Market by Application
9.1.5.2 Canada Wood-Plastic Composite Market
9.1.5.2.1 Canada Wood-Plastic Composite Market by Type
9.1.5.2.2 Canada Wood-Plastic Composite Market by Application
9.1.5.3 Mexico Wood-Plastic Composite Market
9.1.5.3.1 Mexico Wood-Plastic Composite Market by Type
9.1.5.3.2 Mexico Wood-Plastic Composite Market by Application
9.2. EUROPE
9.2.1 Europe Wood-Plastic Composite Market Overview
9.2.2 Europe Wood-Plastic Composite Market Forecasts and Analysis
9.2.3 Europe Wood-Plastic Composite Market Forecasts and Analysis - By Type
9.2.4 Europe Wood-Plastic Composite Market Forecasts and Analysis - By Application
9.2.5 Europe Wood-Plastic Composite Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Wood-Plastic Composite Market
9.2.5.1.1 Germany Wood-Plastic Composite Market by Type
9.2.5.1.2 Germany Wood-Plastic Composite Market by Application
9.2.5.2 France Wood-Plastic Composite Market
9.2.5.2.1 France Wood-Plastic Composite Market by Type
9.2.5.2.2 France Wood-Plastic Composite Market by Application
9.2.5.3 Italy Wood-Plastic Composite Market
9.2.5.3.1 Italy Wood-Plastic Composite Market by Type
9.2.5.3.2 Italy Wood-Plastic Composite Market by Application
9.2.5.4 United Kingdom Wood-Plastic Composite Market
9.2.5.4.1 United Kingdom Wood-Plastic Composite Market by Type
9.2.5.4.2 United Kingdom Wood-Plastic Composite Market by Application
9.2.5.5 Russia Wood-Plastic Composite Market
9.2.5.5.1 Russia Wood-Plastic Composite Market by Type
9.2.5.5.2 Russia Wood-Plastic Composite Market by Application
9.2.5.6 Rest of Europe Wood-Plastic Composite Market
9.2.5.6.1 Rest of Europe Wood-Plastic Composite Market by Type
9.2.5.6.2 Rest of Europe Wood-Plastic Composite Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Wood-Plastic Composite Market Overview
9.3.2 Asia-Pacific Wood-Plastic Composite Market Forecasts and Analysis
9.3.3 Asia-Pacific Wood-Plastic Composite Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Wood-Plastic Composite Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Wood-Plastic Composite Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Wood-Plastic Composite Market
9.3.5.1.1 Australia Wood-Plastic Composite Market by Type
9.3.5.1.2 Australia Wood-Plastic Composite Market by Application
9.3.5.2 China Wood-Plastic Composite Market
9.3.5.2.1 China Wood-Plastic Composite Market by Type
9.3.5.2.2 China Wood-Plastic Composite Market by Application
9.3.5.3 India Wood-Plastic Composite Market
9.3.5.3.1 India Wood-Plastic Composite Market by Type
9.3.5.3.2 India Wood-Plastic Composite Market by Application
9.3.5.4 Japan Wood-Plastic Composite Market
9.3.5.4.1 Japan Wood-Plastic Composite Market by Type
9.3.5.4.2 Japan Wood-Plastic Composite Market by Application
9.3.5.5 South Korea Wood-Plastic Composite Market
9.3.5.5.1 South Korea Wood-Plastic Composite Market by Type
9.3.5.5.2 South Korea Wood-Plastic Composite Market by Application
9.3.5.6 Rest of Asia-Pacific Wood-Plastic Composite Market
9.3.5.6.1 Rest of Asia-Pacific Wood-Plastic Composite Market by Type
9.3.5.6.2 Rest of Asia-Pacific Wood-Plastic Composite Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Wood-Plastic Composite Market Overview
9.4.2 Middle East and Africa Wood-Plastic Composite Market Forecasts and Analysis
9.4.3 Middle East and Africa Wood-Plastic Composite Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Wood-Plastic Composite Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Wood-Plastic Composite Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Wood-Plastic Composite Market
9.4.5.1.1 South Africa Wood-Plastic Composite Market by Type
9.4.5.1.2 South Africa Wood-Plastic Composite Market by Application
9.4.5.2 Saudi Arabia Wood-Plastic Composite Market
9.4.5.2.1 Saudi Arabia Wood-Plastic Composite Market by Type
9.4.5.2.2 Saudi Arabia Wood-Plastic Composite Market by Application
9.4.5.3 U.A.E Wood-Plastic Composite Market
9.4.5.3.1 U.A.E Wood-Plastic Composite Market by Type
9.4.5.3.2 U.A.E Wood-Plastic Composite Market by Application
9.4.5.4 Rest of Middle East and Africa Wood-Plastic Composite Market
9.4.5.4.1 Rest of Middle East and Africa Wood-Plastic Composite Market by Type
9.4.5.4.2 Rest of Middle East and Africa Wood-Plastic Composite Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Wood-Plastic Composite Market Overview
9.5.2 South and Central America Wood-Plastic Composite Market Forecasts and Analysis
9.5.3 South and Central America Wood-Plastic Composite Market Forecasts and Analysis - By Type
9.5.4 South and Central America Wood-Plastic Composite Market Forecasts and Analysis - By Application
9.5.5 South and Central America Wood-Plastic Composite Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Wood-Plastic Composite Market
9.5.5.1.1 Brazil Wood-Plastic Composite Market by Type
9.5.5.1.2 Brazil Wood-Plastic Composite Market by Application
9.5.5.2 Argentina Wood-Plastic Composite Market
9.5.5.2.1 Argentina Wood-Plastic Composite Market by Type
9.5.5.2.2 Argentina Wood-Plastic Composite Market by Application
9.5.5.3 Rest of South and Central America Wood-Plastic Composite Market
9.5.5.3.1 Rest of South and Central America Wood-Plastic Composite Market by Type
9.5.5.3.2 Rest of South and Central America Wood-Plastic Composite Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. WOOD-PLASTIC COMPOSITE MARKET, KEY COMPANY PROFILES
11.1. ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AXION STRUCTURAL INNOVATIONS LLC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BEOLOGIC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. EKOTIMBER TECH WOOD PLASTIC COMPOSITES LLP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FIBERON
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. FKUR KUNSTSTOFF GMBH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. GUANGZHOU KINDWOOD CO., LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. J. EHRLER GMBH AND CO. KG
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TAMKO BUILDING PRODUCTS LLC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TREX COMPANY, INC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Advanced Environmental Recycling Technologies, Inc.
2. AXION STRUCTURAL INNOVATIONS LLC
3. Beologic
4. EKOTimber Tech Wood Plastic Composites LLP
5. Fiberon
6. Fkur Kunststoff GmbH
7. Guangzhou Kindwood Co., Ltd.
8. J. Ehrler GmbH and Co. KG
9. TAMKO Building Products LLC
10. Trex Company, Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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