Get In Touch

Wood-plastic Composites Market: Overview

Wood-plastic composites are subsets of natural fiber plastic composites (NFPC). Wood-plastic composites are materials that are manufactured using wood fiber/flour and thermoplastics such as polypropylene, polyethylene and polyvinyl chloride among others. They are generally produced by mixing finely ground wood particles with heated thermoplastic resins. Extrusion is the most common technique used in molding the wood-plastic composite mixture into the desired shape and size. Wood-plastic composites are manufactured by using recycled or virgin wood and thermoplastic resins. They offer excellent resistance to weather, water and heat; hence, there is a higher preference towards wood-plastic composites products. Wood-plastic composites are used in a wide range of applications in various industries such as construction, furniture, automotive and electrical among others.
The global wood-plastic composites market has been expanding significantly due to high demand from the building & construction industry. Wood-plastic composite products are increasingly replacing conventional wood products in the building & construction sector owing to the presence of numerous stringent environmental regulations against deforestation. Furthermore, products such as decking boards which are made of wood-plastic composites offer superior quality as compared to products made purely from wood or plastic. Additionally, the growing demand for wood-plastic composites in automotives owing to their better performance compared to conventional materials such as metals is expected fuel the growth of the market over the next few years. Compliance to regulations regarding carbon emission reduction can be achieved by reducing the weight of the vehicle. Wood-plastics are expected to play a vital part in helping manufacturers to comply with these regulations. Wood-plastic composites are increasingly replacing steel and plastics in several interior components of vehicles such as dashboards, internal trim of door panels, seat cushions, backrests and other interior liners. However, the development of other natural fibers such as straw fiber, fruit fiber, leaf fiber and seed fiber is expected to restraint the growth of the market in the near future.
Polyethylene wood-plastic composites dominated the overall market accounting for over 60% of the total volume demand in 2012 and the trend is expected to continue into the forecast period. However, polyvinyl chloride wood-plastic composites are expected to be the fastest growing segment of the market during the forecast period owing to its growing demand for window and decking applications. Polypropylene wood-plastic composites are expected to show above average growth during the forecast period.
Building & construction emerged as the largest application segment in 2012 in terms of volume and revenue. Wood-plastic composites are widely used in residential decking boards, window lineals, rails and balusters, door components, and fencing and sliding products. The automotive industry is anticipated to be the fastest growing application segment of wood-plastic composites and is expected to grow at a CAGR of over 9% between 2013 and 2019 in terms of volume. Increasing consumer preference for bio-based products is likely to boost the overall demand for wood-plastic composites in the automotive industry. Demand for wood-plastic composites is estimated to increase in the electrical industry as they exhibit heat resistant properties. Wood-plastic composites are widely used in the manufacture of several consumer goods products such as walking sticks, trays, musical instruments and shoe soles.
North America was the largest market for wood-plastic composites in 2012 with over 65% share in total volume consumption. Asia Pacific is expected to be the fastest growing market for wood-plastic composites over the next six years. Europe is expected to show moderate growth in its market share by 2019. The Rest of the World (RoW) market is projected to account for a market share of approximately 3.5% by 2019.
The global wood-plastic composites market is highly fragmented in nature owing to the presence of several manufacturers. Major players in the wood-plastic composites market include Trex Company Inc., Fiberon LLC., CPG International, Advanced Environmental Recycling Technologies (AERT) and Fineko among others.

Growth in construction and automobile industries coupled with the implementation of stringent environmental regulations in developed countries is expected to drive the global wood-plastic composites market from 2013 to 2019. Wood-plastic composites are sub-sets of a larger category of natural fiber plastic composites (NFPCs). Wood-plastic composites are manufactured from wood flour and thermoplastics such as polyethylene, polypropylene and polyvinyl chloride. These composites are produced by mixing ground wood particles and heated thermoplastic resins. Wood-plastic composites can be manufactured with either virgin or recycled thermoplastic resins. Being water, weather and mould resistant, this material can be used for various outdoor applications; whereas untreated or chemically treated timber products are not as suited to weatherability as wood-plastic composites products.

The study includes a detailed analysis of the global wood-plastic composites market considering 2012 as the base year. The study forecasts the market up to 2019. The report includes in-depth analysis of the global wood-plastic composites market in terms of volume (kilo tons) and revenue (USD million) from 2012 to 2019. The report includes several graphs and tables that give a detailed explanation of various facts and findings of the global wood-plastic composites market. Various authenticated sources were used to validate our findings during the course of research. Along with the secondary research several interviews were conducted with key opinion leaders during the course of the study. Thus, this study includes in dept analysis after considering all the factors by validating them through secondary and primary research. Several governmental regulations were studied in depth before analyzing their effect on the wood-plastic composites market. 

The study also provides drivers and restraining factors of the global wood-plastic composites market and their impact over the next few years. It highlights opportunities for key industry participants in the market. Several facts and figures are mentioned throughout the report which supports our analysis throughout the report. The report comprises market attractiveness analysis to help understand the potential of various applications in the near future. This section of the report provides in depth analysis for the growth of the potential applications in the near future. 

The study segments the market based on products such as polyethylene wood-plastic composites, polypropylene wood-plastic composites, polyvinyl chloride wood-plastic composites and others (including acrylonitrile butadiene styrene (ABS), polystyrene (PS) and polylactide (PLA)). The report also includes various applications of wood-plastic composites such as building & construction, automobiles, electrical and others (including consumer products). Each product and application is further studied as per its regional demand from 2012 to 2019. The report includes analysis of major geographical regions such as North America, Europe, Asia Pacific and Rest of the World.

The report provides a detailed view on the overall market competition by using analytical tools such as Porter’s Five Forces model. The model provides an in-depth analysis of the impact of buyers, suppliers, substitutes, new entrants and degree of competition on the global wood-plastic composites market. The report comprises a detailed analysis of various components through the value chain analysis in order to study value addition at each stage. The report gives the degree of integration that is exhibited by the companies present in the market. Value chain also provides the major raw material manufacturers and suppliers. In case of any crucial supply agreements between leading companies is mentioned in detail in the report. The value chain analysis also provides information of the distribution channel opted by major players present in the market. 

The report also includes company profiles of major market participants such as Advanced Environmental Recycling Technologies (AERT), CPG International, Fiberon LLC, Trex Company Inc., Polymera Inc. and Fineko. Company profiles include market overview, business strategy, SWOT analysis and recent developments.

  • Wood-Plastic Composites Market: Product Analysis
    • Polyethylene wood-plastic composites
    • Polypropylene wood-plastic composites
    • Polyvinyl chloride wood-plastic composites
    • Others (ABS, polystyrene  and polylactide)
  • Wood-Plastic Composites Market: Application Analysis
    • Building & construction
    • Automotive
    • Electrical
    • Others (Toys, trays, musical instruments, shoe soles, etc)
  • Wood-Plastic Composites Market: Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Wood Plastic Composites Market

Buy Now