Bharat Book Bureau Provides the Trending Market Research Report on "Global Wood Plastic Composites Market 2020-2028" under Wood category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

MARKET OUTLOOK

A Triton Market Research report has determined that the global wood plastic composites market would show growth at a CAGR of 9.54% and 8.35% in terms of revenue and volume, respectively, in the estimated years 2020-2028.

The increasing demand by the building and construction industry is the main factor driving the growth of the global wood plastic composites market. In addition, the rising demand for recyclable materials in the manufacturing process of the automotive industry, coupled with the ban on the use of arsenic toxins, chromium and copper toxins, is driving the market growth. Increasing environmental concern in society and the rising demand for PVC-capped decking products are likely to create lucrative opportunities for the market. However, product performance limitations, being susceptible to creep under heavy load and the huge weight of wood plastic composites are restraining the market growth. Besides, a higher preference for virgin materials over recyclates poses a significant challenge to market growth.

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REGIONAL OUTLOOK

The global market report covers the countries from North America, Europe, the Asia-Pacific, Latin America and the Middle East & Africa.

Asia-Pacific is expected to be the fastest-growing region for the wood plastic composites market in terms of revenue. Due to the increasing demand for wood plastic composites in the building and construction sector by Asian countries like Japan and India, these countries are gradually increasing the production capacity to cater to the demand. Besides, the rising adoption of this material by the manufacturing sector in China is also an additional factor driving the regional market growth.

COMPETITIVE OUTLOOK

The major companies in the wood plastic composites market are Timbertech Limited, MositureShield (Formerly Advanced Environmental Recycling Technologies Inc (AERT)) (Acquired by Oldcastle Architectural), Jelu-Werk Josef Ehrler GmbH & Co KG, Beologic, FKuR Kunststoff GmbH, Certainteed, Polyplank AB, Axion International Inc (Axion Structural Innovations LLC), Fiberon (Acquired By Fortune Brands Home & Security Inc), Universal Forest Products Inc (UPF Industries Inc), Tamko Building Products LLC, UPM and Trex Company Inc.

CertainTeed Corporation is a company involved in the manufacturing of building materials. The company has a wide product portfolio, including interior and exterior building products like roofing, fence, decking, railing, insulation, ceilings and pipe products. It offers its products to both residential and commercial buildings. The company also manufactures vinyl pipes and fittings required in the water supply and drainage systems. It also offers pipe systems for different segments, including mining, industrial, irrigation and pressurized drilling applications.

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