Europe Wood-plastic Composite (WPC) Market - Growth, Trends, COVID-19 Impact, and Forecast (2023 - 2028)

The Europe Wood-plastic Composite (WPC) Market is segmented by Application (Decking, Auto-interior Parts, Siding and Fencing, Technical Applications, Furniture, and Consumer Goods) and Geography (Germany, United Kingdom, France, Belgium, Finland, Norway, Denmark, Sweden, and Rest of Europe). The report offers the market sizes and forecasts for the Europe Wood-plastic Composite (WPC) in volume (kilo tons) for all the above segments.

Europe WPC Industry Overview

Europe Wood-Plastic Composite (WPC) Market Summary
Study Period: 2017-2027
CAGR: > 7.5 %

Major Players

Europe Wood-Plastic Composite (WPC) Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe WPC Market Analysis

The Europe wood-plastic composite (WPC) market is expected to register a CAGR of over 7.5%, during the forecast period.

The market was negatively impacted by COVID-19 in 2020. During the pandemic, construction activities were stopped temporarily due to lockdowns. According to Eurostat, construction decreased by 28.4% in the Euro areas (EU-19 member countries) and 24% in the European Union (EU-27 member countries) in April 2020 compared to April 2019. However, the sector has been recovering well since restrictions were lifted. Construction activities in Europe have increased as the local government and European Union have increased the fund size due to rising demand for residential and commercial spaces. The demand for automobiles, which consume wood-plastic composite (WPC), has also increased, thus stimulating the market demand.

  • The rising demand for wood-plastic composites in domestic construction, owing to their sustainable characteristics and increasing refurbishment activities in the region, is expected to drive the market’s growth.
  • However, the high cost of wood-plastic composites and performance-related issues in certain conditions can hinder the growth of the market.
  • Innovations in the biological durability of WPCs against algae, mold, fungi, and termites are likely to create opportunities for the market in the coming years.
  • Germany accounts for the major share of the market, and it is expected to dominate the market during the forecast period.

Europe WPC Industry Segments

Wood-plastic composite (WPC) is a composite material made of wood fibers, such as sawdust, pulp, peanut hulls, bamboo, and plastic materials, including polypropylene (PP) and polyethylene (PE). The WPC granulates can be further processed through extrusion, injection molding, blow molding, compression molding, and other methods to produce different products for various end-user industries, including construction and automotive. The European wood plastic composite (WPC) market is segmented by application and geography. By application, the market is segmented into decking, auto-interior parts, siding and fencing, technical applications, furniture, and consumer goods. The report also covers the market size and forecasts for the wood-plastic composite market in 8 countries across Europe. For each segment, the market sizing and forecasts have been done based on volume (kilo tons).

Application
Decking
Auto-interior Parts
Siding and Fencing
Technical Applications
Furniture
Consumer Goods
Geography
Germany
United Kingdom
France
Belgium
Finland
Norway
Denmark
Sweden
Rest of Europe

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Europe WPC Market Trends

This section covers the major market trends shaping the Europe WPC Market according to our research experts:

Decking Application is Expected to Dominate the Market

  • Decking is one of Europe's most important applications for wood-plastic composites, with the sales of solid profiles rising compared to hollow ones. A deck is a flat or profiled (anti-slip) surface capable of supporting weight in construction. A deck is similar to a floor but is typically constructed outdoors, often elevated from the ground and usually connected to a building.
  • According to Eurostat, in November 2021, construction output in the EU (EU-27) countries increased by 1.30% compared to the same month in the previous year, thus enhancing the demand in the market.
  • The French government also started taking the initial steps toward the development of hosting the 2024 Olympics. For instance, the government has sanctioned approximately USD 3.3 billion for constructing the Hermitage towers, which are due to be completed by 2024. The essential infrastructure for the Olympic event requires building 4,500 new dwellings for local people, 100,000 square meters for business activities, and 20,000 new hotel rooms for tourists.
  • The UK government, under NPIF, is planning to invest GBP 23 billion (~USD 28.49 billion) in housing, science and innovation, transport, and a 5G network, over the next five years, of which around GBP 7.2 billion (~USD 8.92 billion) is allocated for the construction of new homes.
  • As per the Office of National Statistics of the United Kingdom, the monthly construction output increased by 1.5% in volume terms in May 2022, with a record high in monthly-level terms (EUR 15,053 million) since records began in January 2010.
  • In 2021, when compared with 2020, the investment in housing increased in 7 European countries, as per the statistics provided by Eurostat. The highest increases were recorded in Italy (+20 %), France (+13.11 %), and Sweden (+8.16 %).
Europe Wood-Plastic Composite Market - Investment in housing, in % of GDP, Belgium, Germany, France, Italy, Netherlands, Finland, Sweden, 2020 - 2021

Germany is Expected to Dominate the Market

  • Currently, Germany dominates the WPC market as it is the largest manufacturer and consumer in Europe. Most WPC compounders in Europe are located in Germany.
  • The country’s strong construction sector may drive the demand for wood-plastic composites for construction applications. According to the Federal Statistical Office (Destatis), in November 2021, the construction of 29,020 dwellings was permitted in Germany, with an increase of 2.8% compared to the same period last year.
  • The commercial construction sector in Germany is expected to witness significant growth prospects during the forecast period. The sales in 2022 were expected to reach EUR 53.3 billion (~USD 56.78 billion) and are likely to be supported by increased real disposable incomes and numerous investments by the European Union and the German government.
  • Also, a huge share of WPC finds application in the automotive industry, mainly used in the production of auto-interior parts, including trim parts in dashboards, door panels, parcel shelves, seat cushions, backrests, and cabin linings.
  • According to OICA, in 2021, around 3,096,165 cars and 212,527 commercial vehicles were produced in Germany. Total vehicle production in 2020 was reported at 3,742,454. Though the vehicle production has decreased significantly, the geovernment is making plans to boost the production of electric vehicles which will ramp-up the automotive demand in-turn raising the demand for auto-interior parts and wood-plastic composites in the country.
  • Germany is the largest market for furniture in the European region. It is also a major furniture consumer in Western Europe. Some of the key players in the German furniture industry include Huls AG & Co. KG, Topstar GmbH, and Rauch GmbH & Co. KG. Currently, there are over 22,000 furniture manufacturers across the country, which is likely to increase the demand in the market over the forecast period.
Europe Wood-Plastic Composite (WPC) Market - Motor Vehicle Production, in units, Germany, 2017-2021

Europe WPC Market Competitor Analysis

The European wood-plastic composite (WPC) industry is fragmented in nature. Some of the major players (not in any particular order) include NOVO-TECH GmbH & Co. KG, Beologic NV, JELU-WERK Josef Ehrler GmbH & Co. KG, Tecnaro GmbH, and Kosche Holzwerkstoffe GmbH & Co. KG.

Europe WPC Market Top Players

  1. NOVO-TECH GmbH & Co. KG

  2. Beologic NV

  3. JELU-WERK Josef Ehrler GmbH & Co. KG

  4. Tecnaro GmbH

  5. Kosche Holzwerkstoffe GmbH & Co. KG

*Disclaimer: Major Players sorted in no particular order

Europe Wood-Plastic Composite (WPC) Market Concentration

Europe WPC Market Recent Developments

  • In June 2022, Natural fiber and bioplastics compounder Biofibre, a subsidiary of machinery manufacturer LWB-Steinl, acquired 80% of wood plastic composite (WPC) producer Naftex.
  • In January 2021, Novowood obtained the ReMade in Italy certification. Novowood certified an 81.5% percentage of recycled material inside the product, allowing it to insert in class "A" among the producers with the highest value in the Circular Economy chain. The certification allows the company to be counted among the products entitled to receive the 110% Ecobonus for building interventions.

Europe WPC Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Sustainable Characteristics of Wood-plastic Composites

      2. 4.1.2 Growing Demand from Construction Industry

    2. 4.2 Restraints

      1. 4.2.1 High Cost of Wood-plastic Composites

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Volume)

    1. 5.1 Application

      1. 5.1.1 Decking

      2. 5.1.2 Auto-interior Parts

      3. 5.1.3 Siding and Fencing

      4. 5.1.4 Technical Applications

      5. 5.1.5 Furniture

      6. 5.1.6 Consumer Goods

    2. 5.2 Geography

      1. 5.2.1 Germany

      2. 5.2.2 United Kingdom

      3. 5.2.3 France

      4. 5.2.4 Belgium

      5. 5.2.5 Finland

      6. 5.2.6 Norway

      7. 5.2.7 Denmark

      8. 5.2.8 Sweden

      9. 5.2.9 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Beologic NV

      2. 6.4.2 FKuR Kunststoff GmbH

      3. 6.4.3 JELU-WERK Josef Ehrler GmbH & Co. KG

      4. 6.4.4 Kosche Holzwerkstoffe GmbH & Co. KG (A Company of Haussermann Group)

      5. 6.4.5 Linotech

      6. 6.4.6 Moller GmbH & Co. KG

      7. 6.4.7 Naftex GmbH

      8. 6.4.8 NATURinFORM GmbH

      9. 6.4.9 NOVO-TECH GmbH & Co. KG

      10. 6.4.10 Novowood

      11. 6.4.11 Polyplank AB

      12. 6.4.12 Renolit SE

      13. 6.4.13 Silvadec

      14. 6.4.14 Technamation Technical Europe GmbH

      15. 6.4.15 Tecnaro GmbH

      16. 6.4.16 UPM

      17. 6.4.17 Vannplastic Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Innovations in the Biological Durability of Wood-plastic Composites

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Europe WPC Market Research FAQs

The Europe Wood-plastic Composite (WPC) Market market is studied from 2017 - 2027.

The Europe Wood-plastic Composite (WPC) Market is growing at a CAGR of >7.5% over the next 5 years.

NOVO-TECH GmbH & Co. KG, Beologic NV, JELU-WERK Josef Ehrler GmbH & Co. KG, Tecnaro GmbH, Kosche Holzwerkstoffe GmbH & Co. KG are the major companies operating in Europe Wood-plastic Composite (WPC) Market.

Europe Wood-plastic Composite (WPC) Industry Reports

In-depth industry statistics and market share insights of the Europe Wood-plastic Composite (WPC) sector for 2020, 2021, and 2022. The Europe Wood-plastic Composite (WPC) research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Europe Wood-plastic Composite (WPC) report PDF.

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