Wood Plastic Composites Market Size to Reach USD 13,244

by decwells
Wood Plastic Composites Market Size to Reach USD 13,244


Acumen Research and Consulting recently released the report titled “Wood Plastic Composites Market Size, Share, Analysis Report and Regional Forecast 2022 – 2030”

Beijing, July 25, 2022 (GLOBE NEWSWIRE) — Global Wood Plastic Composites Market The scale reached $5.582 billion in 2021 and is expected to reach $13.244 billion by 2030, growing at a CAGR of 10.3% during the forecast period from 2022 to 2030.

Wood-plastic composite (WPC) is a synthetic polymer made from wood chips and plastic composites such as PE-based composites, polypropylene (PP), polyvinyl chloride (PVC), and recycled plastics that improve pairing and provide long-term Development, durability, and cost savings in a variety of applications such as home furniture, automotive interiors, and kitchen appliances. Wood-plastic composites outperform conventional wood production in terms of durability, moisture content, shear strength, flexural resilience, and water permeability. These properties have led to increased demand for its use in guardrails, doors, floors, siding, windows, fencing and interior molding, as well as in the building and construction industry. Growing construction and construction industry in emerging markets is expected to drive the wood plastic composites market over the forecast period.

WPC is a natural composite material made of wood and sawdust. Due to its strength and durability, it is an environmentally friendly material for residential and commercial applications. Across numerous industries, composite materials can be selected in a number of ways. Because of the variety of woods, consumers can mix and match forests in composites. In addition, plastics make up more than 40% of wood and wood components. Wood-plastic composites are gaining popularity worldwide and are the most widely used materials in the construction industry due to their excellent properties. Wood-plastic composites are made of recyclable plastic materials, with low environmental impact and low cost.

Request Free Sample Report @

https://www.acumenresearchandconsulting.com/request-sample/3038

market Wood Plastic Composites Market
Market size in 2021 $5.582 billion
2030 Market Forecast $13.244 billion
CAGR during 2022-2030 10.3%
Analysis period 2018-2030
base year 2021
forecast data 2022-2030
Market segments covered By product, application and geography
geographic range North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Key Company Profile Axion Structural Innovations LLC, Fiberon, LLC, Beologic NV, PolyPlank AB, FkurKunststoff GmbH, Trex Company, Inc., Jelu-Werk Josef Ehrler GmbH & Co. KG, Guangzhou Kindwood Co. Ltd., TAMKO Building Products, Inc., Advanced Environmental Recycling Technologies, Inc., CertainTeed Corporation and Universal Forest Product.
Report Scope Market Trends, Drivers, Restraining Factors, Competitive Analysis, Player Analysis, Regulatory Analysis
Custom range 10 hours Free customization Consult with an expert

Global Wood Plastic Composites Market Growth Aspects

Wood-plastic composites are gaining popularity in the automotive and construction industries because of their low cost and ease of use in non-structural areas such as stairs, balconies and columns. Furthermore, wood-plastic composites have many advantages in general industry compared to their alternatives. Because they are strong, low maintenance, rust-free, waterproof, and resistant to high temperatures, they are used in interior decoration, car interiors, home and household appliances. As a result, the global demand for wood-plastic composites has increased. Furthermore, urbanization and industrialization are driving the growth of the civil engineering and construction sectors in developing countries; the aforementioned factors are driving the growth of the global wood composites market.

On the other hand, rising R&D and raw material costs restrain the market growth. Wood is a material that requires ongoing investigation. This composite material can be used for a range of tasks and is made of high-quality, expensive wood. The wood components market is therefore affected. Additionally, the industry is expected to see new growth potential from early-stage composite varieties made from greenwood polymers. The durability of eco-friendly composites is gaining popularity. Therefore, there is a growing demand for environmentally friendly composite materials in a wide range of applications.

View detailed list of [email protected]

https://www.acumenresearchandconsulting.com/table-of-content/wood-plastic-composites-market

Building and construction applications are expected to lead the global WPC market

Rising demand for biodegradable and compostable materials for the manufacture of components, coupled with the excellent mechanical strength, weight saving and engine efficiency properties of wood-plastic composites, is expected to drive the building and construction applications of these composites over the forecast period in demand. WPC cladding has a wide range of applications including garden landscaping, extension of living spaces, replacement of stone features and residential decks with kitchen, dining and furniture spaces. Furthermore, rapidly increasing infrastructure investments in emerging economies coupled with increasing demand for aesthetically pleasing floors and furniture are driving the growth of wood-plastic composites in the building and construction sector.

Regional Overview of Wood Plastic Composites Market

North America, Europe, Asia Pacific, Latin America, Middle East and Africa are the regional classifications of the global wood plastic composites market. Asia Pacific is expected to grow at the fastest pace in the market throughout the forecast period owing to industrial growth and increasing consumption power. In addition, shifting consumer dynamics in China and India towards a real-life appearance, increased market competition, fragmented distribution, and an increasing number of dual-income households have created lucrative positions for industry players. Government initiatives to boost manufacturing growth will aid the growth of the wood-plastic composites market in these countries. Rising construction and construction activities in Asia-Pacific countries such as India, China and Japan owing to economic reforms and rising per capita income of individuals are driving the demand for wood-plastic composites.

Wood Plastic Composites Market Segmentation

Acumen Research and Consulting has segmented the global wood-plastic composites market on the basis of product and application. On the basis of product, the market is segmented into polyethylene, polyvinyl chloride, polypropylene, and others. On the basis of application, the market is segmented into building and construction, industrial and consumer goods, auto parts, and others.

Buy this premium research report –

https://www.acumenresearchandconsulting.com/buy-now/0/3038

Wood Plastic Composites Market Players

Global key players in the wood plastic composite industry include Axion Structural Innovations LLC, Fiberon, LLC, Beologic NV, PolyPlank AB, FkurKunststoff GmbH, Trex Company, Inc., Jelu-Werk Josef Ehrler GmbH & Co. KG, Guangzhou Kindwood Co. Ltd., TAMKO Building Products, Inc., Advanced Environmental Recycling Technologies, Inc., CertainTeed Corporation and Universal Forest Product.

Browse more research topics in the chemical industry:

This Automotive Composites Market expected to grow The compound annual growth rate is about 13.3% From 2020 to 2027, it is expected to reach approximately $12,414.4 billion by 2027.

This Polypropylene and Polypropylene Composites Market expected to grow CAGR of 8.30% From 2020 to 2027 and reach $88.9 billion by 2027.

worldwide Seismic Reinforcement Materials Market The scale is expected to reach $42.01 billion By the end of 2026.Market is expected to grow CAGR of 4.3% During the forecast period from 2019 to 2026.

about Keen Research and Consulting:

Acumen Research and Consulting is a global provider of market intelligence and consulting services to the information technology, investment, telecommunications, manufacturing and consumer technology markets. ARC helps the investment community, IT professionals and business executives make fact-based decisions about technology acquisitions and develop corporate growth strategies to maintain competition in the marketplace. With a team size of over 100 analysts and over 200 years of collective industry experience, Acumen Research and Consulting ensures a combination of industry knowledge and global and country-level expertise.

Follow us for the latest updates Twitter and, LinkedIn

contact us:

Mr Richard Johnson

Keen Research and Consulting

USA: +13474743864

India: +918983225533

e-mail: [email protected]

.

Related Posts

Leave a Comment

About Us

DECWELLS

We are motivated by beautiful and original concepts and believe that style is personal. That is why our website aims to present our readers with a plethora of gorgeous photographs for inspiration while also encouraging their creativity in designing, decorating, and personalizing their area.

@2021-2022 – All Right Reserved. Designed and Developed by Decwells

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy