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Wood-Plastic Composites Market worth to grow at 10.7% CAGR over the next five years

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The report on Wood-Plastic Composites (WPC) Market is a study offering rich insights on the market opportunities, trends, forecasts, and competitive analysis.

Stratview Research has launched a research report on Wood-Plastic Composites (WPC) Market.The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Wood-Plastic Composites (WPC) Market from 2016 to 2021.

This report is segmented in five ways to provide a 360 degree holistic view. The segments are –

  • By Resin Type (Polyethylene based WPC, Polyvinylchloride based WPC, Polypropylene based WPC and Others),
  • By End Use Industry Type (Building and Construction, Automotive, Consumer Goods and Others),
  • By Manufacturing Process Type (Extrusion Process, Compression Molding Process, and Injection Molding Process),and
  • by Region
  • North America (Country Analysis: USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, UK, Italy, Russia, and Rest of the Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of the Asia-Pacific)
  • Rest of the World (Country Analysis: Middle East and Latin America)

Stratview Research, has presented the study of Wood-Plastic Composites (WPC) Market over the trend period of 2010 to 2015 and forecast period of 2016 to 2021. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The key WPC manufacturers are TAMKO Building Product, Trex Company, Inc., Advanced Environmental Recycling Technologies, Inc., Universal Forest Products, Inc., Fiberon, LLC, TimberTech, Beologic N.V., and CertainTeed.

 

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Wood-Plastic Composites (WPC) Market: Highlights

The WPC market offers excellent growth opportunity and is likely to grow at 10.7% CAGR during the forecast period of 2016 to 2021. Increasing use of WPC in the interior applications in growing automotive industry, recovery in building and construction activities, and high focus towards use of green materials are some of the major drivers of the global WPC market.

 

Building & Construction segment is expected to remain the growth engine

Recovering North American housing starts, high residential activities in the Asia-Pacific and Middle East regions, and focus towards use of green materials are likely to drive the market segment during the forecast period. Decking, siding, and fencing are the major applications of WPC in the building & construction industry, together accounting for more than 90% of the WPC market in the building & construction industry in 2015.

Automotive segment is expected to experience the highest growth over the next five years. The automakers’ push to build lightweight vehicles for achieving government’s stringent regulations, such as CAFÉ standards and EU Carbon emissions and demand for recycled materials are likely to drive the demand of WPC in the automotive industry.

WPC are mainly used in the interior applications, such as rear shelves and trims for trunks and spare wheels, and interior trims for vehicle doors. The WPC stakeholders are continuously working on the development of new WPC applications in the automotive industry.

Polyethylene based WPC is expected to remain the largest resin type

During the forecast period because of its overall higher performance than other resins based WPC.  Polyethylene based WPC is widely preferred for manufacturing decking, fencing, furniture, wall cladding, hollow boards, and profiles.

Extrusion process is expected to remain the most dominant process type

Building & Construction, the largest end user industry of WPC market is heavily relied on the extrusion process to manufacture key applications, such as decking, siding, and fencing. Injection molding process is likely to exhibit the fastest growth for the same period driven by the automotive and consumer goods segments.

WPC is increasingly used to produce furniture, consumer goods and household electronics using injection molding process. WPC granulates for injection molding are now produced by global players and are becoming more attractive for clients that manufacture consumer goods, automotive and other parts.

North America is expected to remain the largest WPC market in terms of region

Over the next five years. More than 60% of the global WPC manufacturers are located in North America region, serving primarily construction and consumer goods industries. Asia-Pacific is likely to witness the fastest growth rate during the same period driven by growing economies, mainly China and India.

Europe is the largest WPC market for automotive industry.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value.

It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches,.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors.
  • Research Methodology

This report studies the Wood-Plastic Composites (WPC) Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -

o   Extensive secondary research,

o   Rigorous primary interviews with more than 15 industry stakeholders across the value chain.

o   Validation and triangulation of data with Stratview Research’s internal database and statistical tools.

o   More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

 

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