Wood Plastic Composite Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMMA330 | Last Updated On: Jul 14 2022 | Available Formats

> Global Wood Plastic Composite Market Expected to reach a high CAGR By 2029: DataM Intelligence

Global Wood Plastic Composite Market is segmented By Type (Composite boards, Sandwich boards), By Material Type (Polyethylene, Polypropylene, Polyvinyl Chloride, Others),  By End User (Residential, Commercial, Automotive, Marine, Others), By Sales Channel (Direct, Indirect), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

  • The wood polymer composite market is estimated to account for USD 4,601.7 million by 2019 with a growth rate of around 12%. Polyethylene is the single-largest segment, holding a 56.6% share of the global wood plastic composite market in 2014, and is estimated to grow with a high CAGR by 2029.

  • Wood-plastic composites (WPCs) are about 50:50 mixtures of thermoplastic polymers and wood particles. The wood and thermoplastics are usually compounded above the melting temperature of the thermoplastic polymers and then processes to make various WPC products. WPC is manufactured in a variety of colors, shapes, and sizes, and with different surface textures.
  • The WPCs can be formed into almost any shape and thus are used for a wide variety of applications, including windows, interior panels in cars, door frames, railings, fences, landscaping timbers, cladding, and siding, park benches, molding, and furniture.

  • Thermoplastic components include polyethylene, polypropylene, polyvinyl chloride, and others. WPCs can also contain other lingo-cellulosic and inorganic filler materials. WPCs is a subset of natural fiber plastic composites (NFPCs), that include no cellulose-based fiber fillers such as pulp fibers, peanut hulls, bamboo, straw, digestate, etc.

  • In recent years, the flooring industry started using WPC as a type of floor that has a basic structure of top vinyl veneer plus a rigid extruded core. WPC is an established product category within Luxury Vinyl Tiles (LVT).

Industry Dynamics

Market Drivers

  • The increased use of wood plastic composite products in residential and commercial buildings is the primary driver for the global wood plastic composite market.

  • WPC products are biodegradable and eco-friendly, this has been driving the global wood-plastic composites market.

  • WPC products are molded to meet almost any desired shape. WPC products can be bent and fixed to form strong arching curves; this is also driving the global wood plastic composite market.

Market Restraints

  • WPCs have lower strength and stiffness than wood, and they experience changes with time and temperature-dependent behavior, this can be a significant restraint for the global wood plastic composite market.

  • Petroleum-based polymers have a negative environmental impact because they rely on non-renewable raw materials. Non-biodegradability of plastics is a significant restraint for the global wood plastic composite market.

Wood Plastic Composite Segmentation

By material type

  • The wood plastic composite market is segmented by material types such as polyethylene, polypropylene, polyvinyl chloride, and others. Polyethylene is dominating the wood plastic composite market followed by polyvinyl chloride.

  • Products with polyethylene are expected to boost the demand for the wood-plastic composite market as polyethylene products are flexible and durable. It has outstanding chemical and environmental problem resistance.

By end-user

  • Wood-plastic composite is segmented by end-users such as residential, commercials, automotive, marine, and others.

  • The residential and commercial segment has the majority of the market share. This is mainly due to increased infrastructural development activities, especially in developing countries.

The key segments are

By Product Type

  •  Composite boards

  •  Sandwich boards

By Material Type

  •  Polyethylene (PE)

  •  Polypropylene (PP)

  •  Polyvinyl Chloride (PVC)? Others

By End-Users

  •  Residential

  •  Commercial

  •  Automotive

  •  Marine

  •  Others

By Sales Channel

  •  Direct

  •  Indirect

By Region

  •  Asia Pacific

  •  Europe

  •  North America

  •  South America

  •  Rest of the World

Trending Topics

Wood Packaging Market

Wood Coatings Market

Wood Preservative Chemicals Market 

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