Wood Plastic Composites (WPC) Market Analysis, Growth Opportunities and Recent Trends by Application 2019 to 2028
30th September 2019 – The global Wood Plastic Composites (WPC) Market evaluates the growth trends in the industry
and is anticipated to display a significant rise in the CAGR by 2028. Wood
plastic composites are made from a definite combination of resin polymer and
wood fiber. It possesses the combined properties of wood and plastics. These
are known to exhibit higher mechanical properties and deploy greater thermal
resistance. Based on the target application, WPC can be mixed with additives
such as stabilizers, wood flour, emulsifiers, colorants or lubricants to enable
a finishing look to the product.
“Wood Plastic Composite (WPC) industry is driven by stringent
government regulations and policies related to environmental sustainability.
The market players are striving to bring in the cutting-edge technology for the
manufacturing processes by increasing their spending on research and
development activities.”
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The growing
concerns associated with industrial logging of trees resulted in a major shift
from the conventional use of Harwood towards the acceptance of wood plastic
composites. This hybrid material is highly durable, sustainable and affordable.
These factors are driving the adoption of wood plastic composite market.
The wood plastic
composites (WPC) industry can be categorized into building and construction,
automotive, furniture, and infrastructure based on the application segment.
Automotive segment is attributed to hold the highest market share accredited to
a considerable rise in the demand for lightweight and biodegradable material.
It is followed by the building and construction segment and is expected to
drive the market in terms of future prospects.
Leading
players of Wood Plastic Composites (WPC) including:
•
Trex Company
•
Advanced Environmental Recycling Technologies
•
Fiberon
•
Timbertech
•
Tamko Building Products
•
Axion International
•
Beologic
•
Certainteed
•
Fkur Kunststoff
•
Josef Ehrler
•
Polymera
•
Polyplank
•
Universal Forest Products
• Sentai
Wpc
• New
Tech Wood
•
Anhui Guofeng
•
Jufeng
• GEM
Market
split by Type, can be divided into:
•
Polyethylene
•
Polyvinylchloride
•
Polypropylene
•
Other
Market
split by Application, can be divided into:
•
Building and Construction Products
• Automotive
Components
•
Industrial & Consumer Goods
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Market segment by Region/Country
including:
• North America (United States, Canada
and Mexico)
• Europe (Germany, UK, France, Italy,
Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea,
India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina,
Colombia and Chile etc.)
• Middle East & Africa (South Africa,
Egypt, Nigeria and Saudi Arabia etc.)
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