Wood-Plastic Composites Market will Procure $6.0 billion by 2021

Wood-Plastic Composites Market will Procure $6.0 billion by 2021

According to the report, global demand for wood-plastic composites was valued at USD 3.3 billion 2014 and is expected to reach USD 6.0 billion in 2020, growing at a CAGR of around 10.5% between 2015 and 2020. In terms of volume, the global wood-plastic composites market stood at 3,000.0 kilotons in 2014. Zion Market Research has published a new report titled “Wood-Plastic Composites (Polyethylene, Polypropylene, Polyvinyl Chloride, and Others) Market for Building & Construction, Automotive, Electrical, and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020.”

The report covers forecast and analysis for the wood-plastic composites market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2015 to 2020 based on both volumes (kilo tons) and revenue (USD million). The study includes drivers and restraints for the wood-plastic composites market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the wood-plastic composites market on a global level.

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In order to give the users of this report a comprehensive view on the wood-plastic composites market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the wood-plastic composites market has also been included. The study encompasses a market attractiveness analysis, wherein product segments and application segments are benchmarked based on their market size, growth rate, and general attractiveness.

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In terms of region, the North America was the dominating region among the other region and countries worldwide for the wood-plastic composites market in 2014. The expected market represents the continuation of a trend in the North America region for the forecast period. Asia-Pacific is projected to witness the fastest growth of the market for the forecast period. Moreover, China country from Asia-Pacific region acts as a driver region due to the massive manufacturing capacities for the wood-plastic composites end-products.

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The key players in the wood-plastic composites market include Trex Company Inc., Fiberon LLC., CPG International, Advanced Environmental Recycling Technologies (AERT), Timber Tech, and Fineko.

Other prominent vendors in the market include American Wood Fibers, AMSCO Windows, Artowood Thailand, B&F Plastics. Beologic, CertainTeed, Crane Plastics, Deceuninck, Findock, FKuR Kunststoff, Guangzhou Kindwood, Josef Ehrler, Louisiana-Pacific, North Wood Plastics, OnSpec Composites, Perth Wood Plastic Composite, Plygem Holdings, Polymera, Polyplank, Solvay, Strandex, Tamko Building Products, Technaro, UPM-Kymmene, and WPC.