Wood Plastic Composite Market Exclusive Analysis by Top Merchants With Revenue $12.5 Billion By 2027 “The global wood plastic composite market size is estimated to touch USD 12.5 billion by the end of 2027. It is predicted that the market would grow at a CAGR of 11.4% over the forecast period. The demand for wood plastic furniture for sheet pilings and street construction is increasing.”
Global Wood Plastic Composite Market report delivers future development strategies, key companies, Possibility of competition, major challenges analysis. The reports elaborate the expansion rate of the Wood Plastic Composite market supported the highest company profile analysis. This report providing an in-depth analysis, market size, and evaluation for the developing segment among the industry. Wood Plastic Composite Market report will help you take expert decisions, recognize opportunities, plan effective professional tactics, plan new schemes, analyse drivers and restraints and give you a vision on the Wood Plastic Composite Market forecast. The Wood Plastic Composite Market report discusses the primary industry growth drivers and challenges that the vendors and the market as a whole face and provides an overview of the key trends emerging in the market. It also talks about the market size of different segments and their growth aspects along with key leading countries in Americas, AsiaPacific, Europe, the Middle East, and Africa regions. The global wood plastic composite market size is estimated to touch USD 12.5 billion by the end of 2027. It is predicted that the market would grow at a CAGR of 11.4% over the forecast period. The demand for wood plastic furniture for sheet pilings and street construction is increasing. Wood-plastic composite are durable and it has excellent shear strength, bending strength and low water and moisture content. Owing to these properties, wood plastic composite is used in windows, exterior, flooring, landscape materials and doors. Emerging countries such as India, Brazil, China and Thailand are witnessing rapid infrastructural development. This has led to a rise in demand for flooring and furniture products, thereby, supplementing the growth of the market.
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Developed countries are witnessing a growing trend of the nuclear family, which, in turn, has led to an increase in construction projects. Growing housing projects is projected to positively affect market growth over the next few years. Key players operating in the wood plastic composite(WPC) market are Woodmass, Renolit, FkurKunststoff GmbH, TAMKO Building Products, Inc., Axion Structural Innovations LLC, and CertainTeed Corporation among others. These players are focusing on adopting strategic initiatives such as merger and acquisition, new product launch and expanding their geographical presence to strengthen their market position.
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Further key findings from the report suggest: • Based on the product, the polypropylene category is estimated to witness a CAGR of 11.8% over the forecast duration. • The wood plastic composite share in automotive was 15.9% in 2019. Factors such as machinability, durability and lightweight are attributing to the growth of the segment. • The building & construction category is estimated to grow at 11.5% CAGR over the forecast period. • In 2019, Asia Pacific alone held over 31% of the share in the market. Rising dual-income, increasing competition in the local market and changing consumer behavior are attributing to the growth of the region. Million Insights has segmented the global wood plastic composite market on the basis of product, application, and region: Wood Plastic Composite Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
• Polyethylene • Polypropylene • Polyvinylchloride • Others Wood Plastic Composite Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027) • Building and Construction • Decking • Molding & Siding • Fencing • Automotive Components • Industrial and Consumer Goods • Others
Wood Plastic Composite Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027) • North America • U.S. • Canada • Mexico • Europe • Germany • U.K. • France • Spain • Italy • Russia • Netherlands • Switzerland • Asia Pacific • China
• India • Japan • Australia • South Korea • Thailand • Indonesia • Singapore • New Zealand • Philippines • Central & South America • Brazil • Argentina • Chile • Middle East & Africa • Saudi Arabia • South Africa • United Arab Emirates (UAE) • Egypt • Iran
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