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Wood-Plastic Composites Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast

Wood-Plastic Composites Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast

Growth in construction and automobile industries coupled with the implementation of stringent environmental regulations in developed countries is expected to drive the global wood-plastic composites market from 2013 to 2019. Wood-plastic composites are sub-sets of a larger category of natural fiber plastic composites (NFPCs). Wood-plastic composites are manufactured from wood flour and thermoplastics such as polyethylene, polypropylene and polyvinyl chloride. These composites are produced by mixing ground wood particles and heated thermoplastic resins. Wood-plastic composites can be manufactured with either virgin or recycled thermoplastic resins. Being water, weather and mould resistant, this material can be used for various outdoor applications; whereas untreated or chemically treated timber products are not as suited to weatherability as wood-plastic composites products. Browse The Full Market Report , here : http://www.transparencymarketresearch.com/wood-plastic-composites-market.html

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Wood Plastic Composites Market Expected to Reach $6,584 Million by 2023

Wood Plastic Composites Market Expected to Reach $6,584 Million by 2023

In terms of value, the building & construction segment is expected to grow at a CAGR of 12.6% during the forecast period. In Asia-Pacific, China is estimated to grow at the highest CAGR of 12.9%, in terms of value.PVC-based composites occupied around one-eighth of the global market share in 2016, in terms of volume. U.S. accounted for over one-fifth of the global market in 2016, and is expected to grow at a significant CAGR of 8.8%, in terms of volume.

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Global and Japan Wood Plastic Composite Market Report 2017-2022 | Latest Trend, Growth & Forecast

Global and Japan Wood Plastic Composite Market Report 2017-2022 | Latest Trend, Growth & Forecast

The global Wood Plastic Composite market is valued at XX million USD in 2016 and is expected to reach XX million USD by the end of 2017, growing at a CAGR of XX% between 2016 and 2022.

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North America Wood Plastic Composites Market

North America Wood Plastic Composites Market

The U.S. wood plastic composites market witnessed a comparatively protracted growth in the last few years, due to the economic slowdown. The level of economic activity directly influences the construction and automotive markets. Owing to the large share of these end-use industries in the U.S. wood plastic composites market, the growth is anticipated to fuel the end-use applications.

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Wood Plastic Composites Market Expected to Reach $6,584 Million by 2023

Wood Plastic Composites Market Expected to Reach $6,584 Million by 2023

In terms of value, the building & construction segment is expected to grow at a CAGR of 12.6% during the forecast period. In Asia-Pacific, China is estimated to grow at the highest CAGR of 12.9%, in terms of value.PVC-based composites occupied around one-eighth of the global market share in 2016, in terms of volume. U.S. accounted for over one-fifth of the global market in 2016, and is expected to grow at a significant CAGR of 8.8%, in terms of volume.

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