Wood Plastic Composites (WPC) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Plastic Material (Polyethylene, Polypropylene, Polystyrene, Polyvinyl chloride, and Others), Application (Building & Construction, Automotive Parts, Industrial, Consumer Goods, Furniture, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East & Africa)

Market Snapshot

Wood Plastic Composite (WPC) Market  - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
CAGR: >5 %

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Market Overview

The global wood plastic composites market is expected to grow at with a CAGR greater than 5% during the forecast period. One of the major factors driving the market is the growing demand from building & construction sector. However, Technical Issues such as temperature sensitivity, wearability issues, etc. are likely to hinder the growth of the market studied. 

  • Increasing use of recycled plastics is expected to provide a major growth opportunity for the market studied.
  • North America accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
  • Among the application areas, building & construction dominated the market studied owing to the high demand from decking application.

Scope of the Report

The Wood Plastic Composites market report include: 

Plastic Material
Polyethylene (PE)
Polypropylene (PP)
Polystyrene (PS)
Polyvinyl chloride (PVC)
Others
Application
Building & Construction Products
Decking
Molding & Trimming
Fencing
Landscaping & Outdoor
Automotive Parts
Industrial
Consumer Goods
Furniture
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East & Africa
Saudi Arabia
South Africa
Rest of Middle-East & Africa

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Key Market Trends

Building & Construction Application to Dominate the Market

  • Building & Construction application has accounted for the major share of the market share owing to the high demand from decking.
  • Decking is one of the most important applications for wood plastic composites in Europe, where sales of solid profiles are rising, as compared to that of the hollow ones. In construction, a deck is a flat or profiled (anti-slip) surface that is capable of supporting weight. A deck is similar to a floor, but is typically constructed outdoors, often elevated from the ground, and usually connected to a building. 
  • Wood plastic composite decking can be used in a number of ways, such as part of garden landscaping, extension of the living areas of houses, an alternative to stone-based features (such as patios), and in residential decks, as spaces for cooking, dining, and seating. Due to environmental and durability concerns related to softwoods and hardwoods, wood plastic composite decking (a mixture of two materials, typically wood pulp and recycled materials, such as plastic bottles or bags) was introduced in the market. Proponents of composite decking have touted this as a much needed development, as it helps to curb logging of trees for new decks.
  • Hence, owing to the above-mentioned factors, building & construction to dominate the market during the forecast period.
Wood Plastic Composites Market - Volume Share

North America to Dominate the Market

  • North America accounted for the largest market share for wood plastic composites driven primarily owing to the growing infrastructure projects in the region. 
  • Growing population, changes in household size, and pent-up demand is driving the demand in the residential housing sector rapidly. 
  • The growing reconstruction and remodeling of old houses in the United States too is also helping to drive the construction market in the region, which, in turn, is expected to drive the market for wood plastic composite.
  • There has been growing demand for wood composite decking in the northeast United States. 
  • Hence, owing to the above-mentioned factors, North America is likely to dominate the market studied during the forecast period.
Wood Plastic Composite Market - Regional Trend

Competitive Landscape

The wood plastic composites market is moderately fragmented as the market share is divided between many players. Key players in the market include FKUR, Beologic., and AXION STRUCTURAL INNOVATIONS LLC, among others.

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 Increasing Demand From the Building & Construction Sector

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Technical Issues such as temperature sensitivity, wearability issues, etc.

      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 Consumers

      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

    1. 5.1 Plastic Material

      1. 5.1.1 Polyethylene (PE)

      2. 5.1.2 Polypropylene (PP)

      3. 5.1.3 Polystyrene (PS)

      4. 5.1.4 Polyvinyl chloride (PVC)

      5. 5.1.5 Others

    2. 5.2 Application

      1. 5.2.1 Building & Construction Products

        1. 5.2.1.1 Decking

        2. 5.2.1.2 Molding & Trimming

        3. 5.2.1.3 Fencing

        4. 5.2.1.4 Landscaping & Outdoor

      2. 5.2.2 Automotive Parts

      3. 5.2.3 Industrial

      4. 5.2.4 Consumer Goods

      5. 5.2.5 Furniture

      6. 5.2.6 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East & Africa

  6. 6. COMPETITIVE LANDSCAPE

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

    2. 6.2 Market Share/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AXION STRUCTURAL INNOVATIONS LLC

      2. 6.4.2 AZEK Building Products (Timbertech)

      3. 6.4.3 Beologic

      4. 6.4.4 Certainteed Corporation

      5. 6.4.5 Fiberon Technologies, Inc.

      6. 6.4.6 FKUR

      7. 6.4.7 Geolam

      8. 6.4.8 JeluPlast

      9. 6.4.9 Oldcastle APG

      10. 6.4.10 Polyplank AB

      11. 6.4.11 Resysta Technology

      12. 6.4.12 Trex Company Inc.

      13. 6.4.13 Universal Forest Products Inc.

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

    1. 7.1 Rising Use of Recycled Plastics

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Frequently Asked Questions

The Wood Plastic Composites (WPC) Market market is studied from 2016 - 2026.

The Wood Plastic Composites (WPC) Market is growing at a CAGR of >5% over the next 5 years.

FKUR, Beologic , AXION STRUCTURAL INNOVATIONS LLC, AZEK Building Products (Timbertech), Fiberon Technologies, Inc. are the major companies operating in Wood Plastic Composites (WPC) Market.

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