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Home » Chemicals » Speciality Chemicals » CSP-3080916
  • Global Wood Plastic Composite Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 – 2023

  • Publish: September 2016 | Report Code: CSP-3080916

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The wood-plastic composites market is expected to grow approx USD 6.10 Billion by 2022 at a CAGR of 12.8% for the forecasted period of 2016 to 2022. Wood plastic composite is a hybrid material consists of plastic fiber and natural wood. Sawdust from fiber fillers such as bamboo, peanut hulls and pulp are combined with advanced or waste plastic powder, from materials like acrylonitrile butadiene styrene, polypropylene, polyvinyl chloride and polyethylene. Once the materials are coupled together to obtain quite thick stability, they are molded or extruded.

The major factor that is driving the demand is superior properties of wood plastic composite. mechanical properties of Wood Plastic Composite produced from recycled plastics and sawdust, known as HDPE (High density polyethylene) and polypropylene (PP). Sawdust made from beech industrial sawdust through monitoring the desired plastic shape and combined with various recycled products at 50% through weight fiber loading. The combined objects were then compression molded into panels. Tensile & flexural properties and impact strength of the produced wood plastic composites were identified as per the relevant standard specification. Although composites consisting polypropylene shows huge stiffness and strength as compared to those manufactured from HDPE. Mechanical properties of recycled plastics (PP & HDPE) were statistically equal and proportionate to those composites produced from virgin plastics. The innovations are creating huge possibility to enhance the use of recyclable plastics in the creation of Wood Plastic Composite.

The more factors that is responsible for the market growth is growing need in building & construction industry, rising need of eco friendly materials in automotive industry, ban on the utilization of arsenic, chromium, toxins & copper, Rising demand of Woo Plastic Composite due to eco friendliness and growing focus of plastic manufacturers on WPC. There are some restraining factors of the market, which is hindering the market growth are Moisture sorption features concerned with wood is helping the growth of molds & fungi and reduces the duration of the end product, high cost of raw materials and cases filed against Wood Plastic Composite companies. But the market has huge opportunities with the volatility in petroleum prices, application in the manufacturing of musical instruments such as guitars, clarinets and flutes. The market is facing a major challenge i.e. reducing the load of Wood Plastic Composite products.

North America was expected to hold the highest share of the wood plastic composite market in 2015 and followed by Europe & Asia pacific. North America is one of the key producers of wood-plastic composites in the globe. High growth of buildings & construction industry in the region and growing investment towards infrastructure projects coupled with replacement of old housing infrastructure by latest materials, fuels the wood-plastic composite market in North America. Europe is also estimated to be the major region for the market, after North America due to high growth of automotive industry in the European regions.

The Asia Pacific is estimated to witness major growth in the Wood Plastic Composite industry due to the fast development of automotive & construction industry. Growing disposable income, followed with shifting consumer lifestyle in the developing economies, including India, Thailand and Indonesia, is forecasted to drive demand for premium cars in the region, which results is possibly to have an optimistic impact on the Wood Plastic Composite market growth during the forecasted period. Moreover, the rising electronics and consumer goods manufacturing field in China, combined with the increasing application opportunity of bio-based products in these industries is expected to fuel demand for wood plastic based composites.

The wood composite market is segmented on the basis of application and product. On the basis of application, the market is segmented into automotive components, building and construction products, industrial & consumer goods and others. The building and construction segment are expected to hold the highest market share. This can be contributed to growth in infrastructural development activities, particularly in the emerging countries and rising demand for furniture solutions and aesthetically appealing flooring across the globe. Good properties concerned with the product such as low maintenance cost, superior performance and high durability as compared to glass fibre, have resulted in rising use of these composites in applications with sheet pilings, benches, docks, garden furniture, doors and sidings.

Decking applications is leading the global wood plastic market, estimating for more than 80% of the whole wood plastic demand in building and construction purpose. The automotive segment is forecasted to show major growth due to the increasing demand for bio-based products for producing car interior parts such as cabin linings, backrests and seat cushions.

On the basis of product, the market is segmented into polypropylene, polyvinylchloride, polyethylene and other products. Polyethylene based wood plastic composite are estimated to leading the market followed by polyvinylchloride. Better stability and structure provided by the polyethylene are estimated to drive demand for these products in superior performance operations such as packaging and construction. The Netherlands-based IKEA producer’s wood plastic composite based chairs. Sawmill and Polypropylene dust is utilized as a raw material for producing these composites.

The major companies profiled in the report are Alstone, Imerys, Beologic N.V., CertainTeed, Green Bay Decking LLC etc. The companies used various strategies to expand market share in the whole world. The key strategy adopted by Imerys was as follows:

On 4th Dec 2014, there was successful launch of ImerPlastTM for wood plastic composites. Following the achievement of ImerPlast™ grades utilized in the commercial production of cable ducting, sewerage and cores for winding of plastics and twin-wall pipes for drains. IMERYS Additives and Filtration Europe have launched two latest products. The introduction of the ImerPlast™ WPC series took place at the current Wood-Plastic Composites event in Austria, Vienna and was very well honored by the delegates in attendance.

1.    INTRODUCTION
1.1.    EXECUTIVE SUMMARY
1.2.    ESTIMATION METHODOLOGY
 
2.    MARKET OVERVIEW
2.1.    MARKET DEFINITION AND SCOPE
2.2.    KEY FINDINGS
2.3.    PARAMETRIC ANALYSIS
2.4.    KEY MARKET INSIGHTS
2.4.1.    TOP EMERGING COUNTRIES
2.4.2.    TOP REVENUE GENERATING SEGMENTS
2.4.3.    EMERGING TRENDS
2.5.    COMPETITIVE LANDSCAPE
2.5.1.    MARKET SHARE ANALYSIS
2.5.2.    TOP WINNING STRATEGIES
2.6.    PORTER’S FIVE FORCE MODEL
2.6.1.    THREAT PROTECTION OF NEW ENTRANTS
2.6.2.    THREAT PROTECTION OF SUBSTITUTE PRODUCTS OR SERVICES
2.6.3.    BARGAINING POWER OF BUYER
2.6.4.    BARGAINING POWER OF SUPPLIER
2.6.5.    INTENSITY OF COMPETITIVE RIVALRY
2.7.    KEY BUYING CRITERIA
2.8.    STRATEGIC RECOMMENDATION
2.9.    STRATEGIC CONCLUSIONS
 
3.    MARKET DETERMINANTS
3.1.    MARKET DRIVERS
3.1.1.    GROWING NEED IN BUILDING & CONSTRUCTION INDUSTRY.
3.1.2.    RISING NEED OF ECO-FRIENDLY MATERIALS IN AUTOMOTIVE INDUSTRY
3.1.3.    BAN ON THE UTILIZATION OF ARSENIC, CHROMIUM, TOXINS AND COPPER
3.1.4.    SUPERIOR PROPERTIES SUCH AS THERMAL STABILITY, STIFFNESS AND BETTER REPROCESSING.
3.1.5.    RISING DEMAND OF WPC DUE ECO FRIENDLINESS.
3.1.6.    GROWING FOCUS OF PLASTIC MANUFACTURERS ON WOOD PLASTIC COMPONENTS
3.2.    MARKET RESTRAINTS
3.2.1.    MOISTURE SORPTION FEATURES CONCERNED WITH WOOD IS HELPING THE GROWTH OF MOLDS & FUNGI AND REDUCES THE DURATION OF THE END PRODUCT
3.2.2.    HIGH COST OF RAW MATERIALS
3.2.3.    CASES FILED AGAINST WPC COMPANIES
3.3.    MARKET OPPORTUNITIES
3.3.1.    APPLICATION IN THE MANUFACTURING OF MUSICAL INSTRUMENTS SUCH AS GUITARS, CLARINETS AND FLUTES.
3.3.2.    INCREASING SCOPE IN CONSUMER GOODS SUCH AS PENCILS, LIPSTICKS, TOYS ETC.
3.3.3.    VOLATILITY IN PETROLEUM PRICES
3.4.    MARKET CHALLENGES
3.4.1.    REDUCING THE LOAD OF WPC PRODUCTS
3.5.    PARENT MARKET
3.6.    COMPETITORS MARKET
3.7.    ALTERNATIVE MARKET
 
4.    MARKET SEGMENTATION
4.1.    GLOBAL WOOD PLASTIC COMPOSITES MARKET BY APPLICATION MARKET 2014-2023 ($ MILLION)
4.1.1.    GLOBAL AUTOMOTIVE COMPONENTS WOOD PLASTIC COMPOSITE MARKET 2014-2023 ($ MILLION)
4.1.2.    GLOBAL BUILDING & CONSTRUCTION PRODUCTS WOOD PLASTIC COMPOSITE MARKET 2014-2023 ($ MILLION)
4.2.3.1.    GLOBAL FENCING WOOD PLASTIC COMPOSITE MARKET2014-2023 ($ MILLION)
4.2.3.2.    GLOBAL DECKING WOOD PLASTIC COMPOSITE MARKET2014-2023 ($ MILLION)
4.2.3.3.         GLOBAL MOLDING & SIDING WOOD PLASTIC COMPOSITE MARKET2014-2023 ($ MILLION)
4.1.3.    GLOBAL INDUSTRIAL & CONSUMER GOODS WOOD PLASTIC COMPOSITE MARKET 2014-2023 ($ MILLION)
4.1.4.    GLOBAL ANOTHER APPLICATIONS WOOD PLASTIC COMPOSITE MARKET 2014-2023 ($ MILLION)
4.2.    GLOBAL WOOD PLASTIC COMPOSITES MARKET BY PRODUCT MARKET 2014-2023 ($ MILLION)
4.2.1.    GLOBAL POLYPROPYLENE WOOD PLASTIC COMPOSITE MARKET 2014-2023 ($ MILLION)
4.2.2.    GLOBAL POLYVINYLCHLORIDE WOOD PLASTIC COMPOSITE MARKET 2014-2023 ($ MILLION)
4.2.3.    GLOBAL POLYETHYLENE WOOD PLASTIC COMPOSITE MARKET 2014-2023($ MILLION)
4.2.4.    GLOBAL ANOTHER PRODUCTS WOOD PLASTIC COMPOSITE MARKET 2014-2023($ MILLION)
 
5.    GEOGRAPHIC ANALYSIS
5.1.    NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.1.1.    UNITED STATES (U.S.) WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.1.2.    CANADA WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.2.    EUROPE WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.2.1.    UNITED KINGDOM (UK) WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.2.2.    FRANCE WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.2.3.    GERMANY WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.2.4.    SPAIN WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.2.5.    ITALY WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.2.6.    ROE WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.3.    ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.3.1.    INDIA WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.3.2.    CHINA WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.3.3.    JAPAN WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.3.4.    ROAPAC WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.4.    REST OF THE WORLD WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.4.1.    LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.4.2.    MENA WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
5.4.3.    AFRICA WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
 
6.    COMPANY PROFILES
1.    ALSTONE
2.    BEOLOGIC N.V.
3.    CERTAINTEED
4.    FIBERON LLC.
5.    FKUR PLASTICS CORPORATION
6.    GREEN BAY DECKING LLC.
7.    GUANGZHOU KINGWOOD CO. LTD.
8.    IMERYS
9.    JELU-WERK J. EHRLER GMBH & CO. KG
10.    POLYPLANK AB
11.    RENOLIT
12.    TAMKO BUILDING PRODUCTS INC.
13.    TREX COMPANY INC.
14.    UNIVERSAL FOREST PRODUCTS INC.
15.    WOODMASS
 
LIST OF TABLES
1.    GLOBAL WOOD PLASTIC COMPOSITES MARKET BY APPLICATION MARKET 2014-2023 ($ MILLION)
2.    GLOBAL AUTOMOTIVE COMPONENTS WOOD PLASTIC COMPOSITE MARKET BY GEOGRAPHY 2014-2023 ($ MILLION)
3.     GLOBAL BUILDING & CONSTRUCTION PRODUCTS WOOD PLASTIC COMPOSITE MARKET BY GEOGRAPHY 2014-2023 ($ MILLION) `
4.    GLOBAL INDUSTRIAL & CONSUMER GOODS WOOD PLASTIC COMPOSITE MARKET BY GEOGRAPHY 2014-2023 ($ MILLION)
5.    GLOBAL OTHER APPLICATIONS WOOD PLASTIC COMPOSITE MARKET BY GEOGRAPHY 2014-2023 ($ MILLION)
6.    GLOBAL WOOD PLASTIC COMPOSITES MARKET BY PRODUCT MARKET 2014-2023($ MILLION)
7.    GLOBAL POLYPROPYLENE WOOD PLASTIC COMPOSITES MARKET BY GEOGRAPHY 2014-2023 ($ MILLION)
8.    GLOBAL POLYVINYLCHLORIDE WOOD PLASTIC COMPOSITE MARKET BY GEOGRAPHY 2014-2023 ($ MILLION)
9.    GLOBAL POLYETHYLENE WOOD PLASTIC COMPOSITE WOOD PLASTIC COMPOSITES MARKET BY GEOGRAPHY 2014-2023 ($ MILLION)
10.    GLOBAL OTHER PRODUCTS WOOD PLASTIC COMPOSITE MARKET BY GEOGRAPHY 2014-2023 ($ MILLION)
11.    NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
12.    EUROPE WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
13.    ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
14.    REST OF THE WORLD WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
 
LIST OF FIGURES
1.    GLOBAL AUTOMOTIVE COMPONENTS MARKET 2014-2023 ($ MILLION)
2.    GLOBAL BUILDING & CONSTRUCTION PRODUCTS MARKET 2014-2023 ($ MILLION)
3.    GLOBAL FENCING MARKET 2014-2023 ($ MILLION)
4.    GLOBAL DECKING MARKET 2014-2023 ($ MILLION)
5.    GLOBAL MOLDING & SIDING MARKET 2014-2023 ($ MILLION)
6.    GLOBAL INDUSTRIAL & CONSUMER GOODS MARKET 2014-2023 ($ MILLION)
7.    GLOBAL ANOTHER APPLICATIONS MARKET 2014-2023 ($ MILLION)
8.    GLOBAL POLYPROPYLENE MARKET 2014-2023 ($ MILLION)
9.    GLOBAL POLYVINYLCHLORIDE MARKET 2014-2023 ($ MILLION)
10.    GLOBAL POLYETHYLENE MARKET 2014-2023 ($ MILLION)
11.    GLOBAL ANOTHER PRODUCTS MARKET2014-2023 ($ MILLION)
12.    NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
13.    UNITED STATES (U.S.) WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
14.    CANADA WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
15.    EUROPE WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
16.    UNITED KINGDOM (UK) WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
17.    FRANCE WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
18.    GERMANY WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
19.    SPAIN WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
20.    ITALY WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
21.    ROE WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
22.    ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
23.    INDIA WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
24.    CHINA WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
25.    JAPAN WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
26.    KOREA WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
27.    AUSTRALIA WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
28.    ROAPAC WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
29.    REST OF THE WORLD WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
30.    LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
31.    MENA WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)
32.    AFRICA WOOD PLASTIC COMPOSITES MARKET 2014-2023 ($ MILLION)

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