Wood Plastic Composites Market Size, Share & Trends Report

Wood Plastic Composites Market Size, Share & Trends Analysis Report By Product (Polyethylene, Polypropylene), By Application (Automotive Components), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: 978-1-68038-849-7
  • Number of Pages: 198
  • Format: Electronic (PDF)

Market Segmentation

  • Wood plastic composites Product Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
    • Polyethylene
    • Polypropylene
    • Polyvinylchloride
    • Others
  • Wood plastic composites Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
    • Building and Construction
      • Decking
      • Molding & siding
      • Fencing
    • Automotive Components
    • Industrial and Consumer Goods
    • Others
  • Wood plastic composites Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
    • North America
      • North America Wood plastic composite Market, By Product
        • Polyethylene
        • Polypropylene
        • Polyvinylchloride
        • Others
      • North America Wood plastic composite Market, By Application
        • Building and Construction
          • Decking
          • Molding & siding
          • Fencing
        • Automotive Components
        • Industrial and Consumer Goods
        • Others
      • U.S.
        • U.S. Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • U.S. Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • Canada
        • Canada Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Canada Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • Mexico
        • Mexico Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Mexico Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
    • Europe
      • Europe Wood plastic composite Market, By Product
        • Polyethylene
        • Polypropylene
        • Polyvinylchloride
        • Others
      • Europe Wood plastic composite Market, By Application
        • Building and Construction
          • Decking
          • Molding & siding
          • Fencing
        • Automotive Components
        • Industrial and Consumer Goods
        • Others
      • Germany
        • Germany Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Germany Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • U.K.
        • U.K. Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • U.K. Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • France
        • France Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • France Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • Spain
        • Spain Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Spain Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • Italy
        • Italy Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Italy Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • Russia
        • Russia Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Russia Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • Netherlands
        • Netherlands Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Netherlands Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • Switzerland
        • Switzerland Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Switzerland Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
    • Asia Pacific
      • Asia Pacific Wood plastic composite Market, By Product
        • Polyethylene
        • Polypropylene
        • Polyvinylchloride
        • Others
      • Asia Pacific Wood plastic composite Market, By Application
        • Building and Construction
          • Decking
          • Molding & siding
          • Fencing
        • Automotive Components
        • Industrial and Consumer Goods
        • Others
      • China
        • China Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • China Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • India
        • India Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • India Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • Japan
        • Japan Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Japan Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • Australia
        • Australia Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Australia Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • South Korea
        • South Korea Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • South Korea Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • Thailand
        • Thailand Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Thailand Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • Indonesia
        • Indonesia Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Indonesia Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • Singapore
        • Singapore Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Singapore Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • New Zealand
        • New Zealand Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • New Zealand Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • Philippines
        • Philippines Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Philippines Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
    • Central & South America
      • Central & South America Wood plastic composite Market, By Product
        • Polyethylene
        • Polypropylene
        • Polyvinylchloride
        • Others
      • Central & South America Wood plastic composite Market, By Application
        • Building and Construction
          • Decking
          • Molding & siding
          • Fencing
        • Automotive Components
        • Industrial and Consumer Goods
        • Others
      • Brazil
        • Brazil Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Brazil Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • Argentina
        • Argentina Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Argentina Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • Chile
        • Chile Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Chile Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
    • Middle East & Africa
      • Middle East & Africa Wood plastic composite Market, By Product
        • Polyethylene
        • Polypropylene
        • Polyvinylchloride
        • Others
      • Middle East & Africa Wood plastic composite Market, By Application
        • Building and Construction
          • Decking
          • Molding & siding
          • Fencing
        • Automotive Components
        • Industrial and Consumer Goods
        • Others
      • Saudi Arabia
        • Saudi Arabia Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Saudi Arabia Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • South Africa
        • South Africa Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • South Africa Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • United Arab Emirates (UAE)
        • UAE Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • UAE Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • Egypt
        • Egypt Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Egypt Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others
      • Iran
        • Iran Wood plastic composite Market, By Product
          • Polyethylene
          • Polypropylene
          • Polyvinylchloride
          • Others
        • Iran Wood plastic composite Market, By Application
          • Building and Construction
            • Decking
            • Molding & siding
            • Fencing
          • Automotive Components
          • Industrial and Consumer Goods
          • Others

Wood Plastic Composites Market Dynamics

Driver: Growing Building And Construction Industry In Developing Economies

There has been a rise in the use of wood-plastic composites within the construction industry. These composites are finding their way into roofing applications and the production of glass windows. In emerging economies, traditional wood is being replaced by wood plastic composites in roofing due to their superior strength. This is because they tend to break into larger fragments compared to conventional wood, avoiding the creation of sharp pieces upon breakage that could cause severe injuries during mishaps. The Asia Pacific region is predicted to see a surge in construction expenditure in the coming years due to rapid urbanization and population growth. In general, the capital project and infrastructure market in the Asia Pacific is expected to expand by 7% to 8% annually over the next ten years, reaching nearly USD 5,300 billion by 2025 and accounting for almost 60% of the global marketplace.

Growing Demand For Lightweight And Customized Automotive Components

The rising demand for wood plastic composites in the automotive sector is driving market expansion over the projected period. The surge in fuel costs has sparked a demand for more fuel-efficient vehicles. WPC products are predominantly used as a substitute for plastics due to their eco-friendly characteristics. Currently, a significant number of consumers opt for WPC products as internal automotive parts such as decorative items, glove boxes, and sandwich panels. India is anticipated to experience a substantial growth rate in automobile demand, fueled by industrialization and governmental backing for vehicle manufacturing. The escalating production of diverse vehicle types and components, driven by increased R&D initiatives, is predicted to stimulate market growth. The promotion of 100% foreign direct investment in the auto sector via the automatic route is expected to spur manufacturing. Furthermore, the reduction in excise duties on motorcycles, small cars, scooters, and commercial vehicles from 12% to 8%, on sports utility vehicles from 30% to 24%, on mid-segment cars from 24% to 20%, and on large-segment cars from 27% to 24% is projected to boost automobile production in the nation.

Restraint: Shortcomings Of Wood Plastic Composites

Compared to traditional wood, wood plastic composites exhibit diminished strength, rigidity, and heat resistance. Their behavior is influenced by temperature and time, for example, their rigidity and strength decline due to the absorption of moisture. Despite these challenges, industry players are investing in research and development to mitigate these issues. Wood plastic composites inherit the drawbacks of both wood and plastic. This dual nature makes them prone to fungal infestations and susceptible to damage from UV rays. The presence of the polymer component in wood plastic composites complicates their recycling and reuse. The authentic texture and feel of wood are absent in wood plastic composites, which is particularly noticeable when they are used in the production of furniture and doors. As eco-friendly materials, wood-plastic composites need to be produced to a consistent quality standard, posing a challenge for industry players. The combination of these limitations of wood plastic composites and the complexities in recycling them are anticipated to hinder market expansion in the future.

What Does This Report Include?

This section will provide insights into the contents included in this wood plastic composites market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Wood plastic composites market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Wood plastic composites market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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