Wood plastic composites are the combination of wood fibres and synthetic resin. In which Synthetic resins are thermoplastics which includes polypropylene, polyethylene or Polyvinyl Chloride. Additionally wood Plastic Composites possess dual properties of wood and plastic. On mixing a woods flours magnifies the mechanical properties and thermal properties as compared to solid thermoplastics. Wood plastic composites are manufactured by vigorous mixing of wood flours with heated thermoplastic resins. The process is followed by extrusion where mixtures are converted into desired product. Moreover additives such as foaming agents, colorants, lubricants, and stabilizers magnify the end product to the target area of application. However wood plastic Composites are becoming favoured materials in building and constructions, furniture and infrastructure applications.
Wood plastic composite Market: Key Players
The research study includes profiles of leading companies operating in the global wood plastic composite market. Key players profiled in the report include: Trex Company Inc., Advanced Environmental Recycling Technologies Inc., Universal Forest Products Inc., Fiberon LLC, TAMKO Building Products Inc., TimberTech, Axion International Inc., Beologic N.V., CertainTeed & Polyplank AB.
Drivers for the Global Wood plastic composite Market:
Increasing prices of primary and secondary petrochemicals along with the environmental issues related to greenhouse gases and carbon emissions are promoting the Bio based products. However the increased use of wood plastic composite products in residential and commercial buildings is the major driver for the global wood plastic composite market. Moreover these products are biodegradable and eco-friendly in nature this has been driving the global wood-plastic composites market. Additionally these products are molded to meet almost any desired shape which is driving the global wood plastic composite market.
Opportunities for the Global Wood plastic composite Market:
The Government authorities authorized the certification of Environment friendliness to Wood Plastic Composites. Hence the strategies towards bio based products will be major driving factors for the Wood Plastic composites market. In addition to this, the growth in construction and automotive industries with execution of strict environmental policies is anticipated to drive Global Wood Composites market. Moreover increasing investments in research and development activities for product developments in consumer products, pellets is anticipated to drive Wood Plastic Market.
Restrains for the Global Wood plastic composite Market:
Wood plastic composite have lower strength and stiffness than wood, and they experience changes with time and temperature-dependent behavior, this can be a significant restraint for the global wood plastic composite market. However the petroleum-based polymers have a negative environmental impact because they rely on non-renewable raw materials. Non-biodegradable property of the plastics is the significant restraints for the global wood plastic composite market. Thus all these factor can hampers the growth of the market.
Region Wise, Global Wood plastic composite Market Analysis:
Report covers the region wise analysis, global wood plastic composite market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific leads the global wood plastic composite market share followed by North America & Europe. While the Asia Pacific leads the global wood plastic composite market as the economies in China and India are growing due to the increased construction activities and investments made in the expansion or upgradation of manufacturing facilities. Moreover China, Japan, and India are the largest economies in Asia-Pacific region and have lucrative opportunities for the growth of wood-plastic composites market in forecasted period. In addition to this, initiatives taken by governments to promote growth in the manufacturing sectors will further aid the growth of wood-plastic composites market in this region.
Global Wood plastic composite Market: Product analysis
Global Wood plastic composite Market: Application analysis
- Building and Construction Products
- Automotive Components
- Industrial & Consumer Goods
Global Wood plastic composite Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East