Table of Contents
Outlook of the wood-plastic composites market
Technavio’s market research analyst predicts the wood-plastic composites market to witness a tremendous growth at a CAGR of around 14% during the forecast period. The growing demand from the housing and construction sector is the primary driver for the growth of this market. Wood-plastic composites are increasingly used in the housing industry for interior applications and outdoor constructions such as decking. APAC is anticipated to provide the maximum growth opportunity in this sector during the forecast period.
The increased use of bioplastics in wood-plastic composites is projected to contribute to the market growth during the forecast period. Homeowners prefer to buy these composites as they are eco-friendly, easy to maintain and are sustainable. Several vendors have started sourcing bio-based polymers for the manufacture of wood-plastic composites as a part of the sustainability initiative. For instance, Tecnaro, a German manufacturer of wood-plastic composites, uses cellulose-derived lignin as plastic.
Segmentation by plastic type and analysis of - polyethylene, PVC, PP
Polyethylene dominated the market during 2014 with a market share of 66%. Polyethylene-based composites can be used as a substitute for wood parts, especially in moist places. Construction products and exterior buildings manufactured using these composites offer high resistance to fading, scratching, and staining.
The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
Segmentation by end user and analysis of - automotive, industrial and infrastructure industry
The building materials industry dominated the market during 2014, accounting for a share of 74%. This research report predicts this segment to retain its leadership until the end of 2019, growing at a CAGR of around 15%. Wood-plastic composites are used in interior decorations and outdoor constructions in the housing sector, especially in decking, molding and trim, and fencing.
The report offers an analysis of each of the following segments and discusses its impact on the overall market growth –
Building materials industry
Industrial and infrastructure industry
Others (consumer goods, piano keys, and hot tubes)
Geographical segmentation and analysis of the wood-plastic composites market
North America accounted for around 49% of the market share during 2014 and is expected to grow at a rate of 14% during the forecast period. The increased demand for wood-plastic composites from the decking sector in the region is the primary growth driver of this market. However, this research report anticipates the region to witness a decline in its market share during the forecast period.
Competitive landscape and key vendors - Trex, Fiberon, CPG, AERT
The wood-plastic composites market is highly fragmented with the presence of a vast number of players. Vendors such as Trex cater to the building materials industry and dominate this market. Some vendors have their proprietary production process for wood-plastic composites and employ different ratios of wood and plastic to offer innovative products in the market.
The leading vendors in the market are –
Advanced Environmental Recycling Technologies (AERT)
Other prominent vendors in the market include American Wood Fibers, AMSCO Windows, Artowood Thailand, B&F Plastics. Beologic, CertainTeed, Crane Plastics, Deceuninck, Findock, FKuR Kunststoff, Guangzhou Kindwood, Josef Ehrler, Louisiana-Pacific, North Wood Plastics, OnSpec Composites, Perth Wood Plastic Composite, Plygem Holdings, Polymera, Polyplank, Solvay, Strandex, Tamko Building Products, Technaro, UPM-Kymmene, and WPC.
Key questions answered in the report include
What will the market size and the growth rate be in 2019?
What are the key factors driving the wood-plastic composites market?
What are the key market trends impacting the growth of the wood-plastic composites market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the wood-plastic composites market?
Trending factors influencing the market shares of the APAC, Europe, North America, and ROW?
What are the key outcomes of the five forces analysis of the wood-plastic composites market?
Technavio also offers customization on reports based on specific client requirement.
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