According to the latest market research report by IMARC Group, titled “Wood-Plastic Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the wood-plastic composites market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global wood-plastic composites market size reached US$ 5.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.3 Billion by 2028, exhibiting a growth rate (CAGR) of 11.2% during 2023-2028.

Wood-Plastic Composites Market Overview:

Wood Plastic Composites (WPC) are composite materials made from a mixture of wood fibers or flour and thermoplastics, and are considered as a sustainable building material. They are engineered to possess the look and feel of wood while possessing the durability and low maintenance of plastic. WPCs are primarily built by using a combination of wood fibers or flour and thermoplastics, including polyethylene, polypropylene, and polyvinyl chloride. WPCs are characterized by moderate to high density, reduced moisture absorption compared to natural wood, and enhanced slip resistance through additives or surface treatments.

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Global Wood-Plastic Composites Market Trends:

The global market is primarily driven by the augmenting demand for eco-friendly composite materials due to an enhanced focus on sustainability. This can be attributed to the implementation of waste reduction and recycling initiatives by government bodies of several countries. In line with this, the rapid expansion of the construction sector, particularly in emerging economies, is propelling the demand for WPC materials. Moreover, the escalating demand for weight reduction in the automotive and aerospace industry is resulting in a higher uptake of lightweight and durable component material, which in turn is creating a positive market outlook. Some of the other factors contributing to the market include rapid urbanization, emerging trend of creating attractive and functional outdoor living spaces, and continual innovations in extrusion, co-extrusion, and injection molding techniques.

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Key Market Segmentation:

Top Wood-Plastic Composites Manufacturers Worldwide:

  • Trex Company, Inc.
  • Axion Structural Innovations LLC
  • Beologic N.V.
  • Oldcastle Architectural Inc.
  • CertainTeed Corporation
  • Fiberon, LLC
  • Fkur Kunststoff GmbH
  • Guangzhou Kindwood Co. Ltd.
  • Jelu-Werk Josef Ehrler GmbH Co. KG
  • Woodmass
  • PolyPlank AB
  • Renolit
  • TAMKO Building Products, Inc.
  • TimberTech
  • Universal Forest Product

Breakup by Type:

  • Polyethylene
  • Polyvinylchloride
  • Polypropylene
  • Others

Breakup by Application:

  • Building and Construction
  • Automotive
  • Industrial and Consumer Goods
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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