Wood Plastics Composites Market
Wood Plastics Composites Market Forecasts to 2030 - Global Analysis By Type (Polyethylene-based WPC, Polyvinyl Chloride-based WPC, Polypropylene-based WPC, Polylactic Acid WPC, Thermoplastic Elastomers WPC and Other Types), Fiber Type, Manufacturing Process, Application, End User and By Geography
According to Stratistics MRC, the Global Wood Plastics Composites Market is accounted for $8.05 billion in 2024 and is expected to reach $13.61 billion by 2030 growing at a CAGR of 11.5% during the forecast period. Wood plastic composites are materials made from a combination of wood fibers or sawdust and plastic polymers, such as polyethylene, polypropylene, or PVC. These composites are designed to mimic the appearance and texture of wood while offering enhanced durability, weather resistance, and reduced maintenance. The blending of wood with plastic improves the material's strength, making it more resistant to moisture, rot, and insects compared to traditional wood, making it an eco-friendly and versatile alternative.
According to the study report, in May 2021, researchers at the KTH Royal Institute of technology developed a transparent wood composite with 100% renewability by replacing lignin in wood with limonene acrylate that offers optical transmittance of 90% at 1.2 mm thickness and low haze at 30%.
Market Dynamics:
Driver:
Rising urbanization and infrastructure development
Rising urbanization and infrastructure development significantly raises the demand for sustainable, durable, and low-maintenance building materials. As urban populations grow, the need for residential, commercial, and public infrastructure expands, driving the adoption of WPCs in construction applications such as decking, fencing, and cladding. WPCs offer advantages like resistance to moisture, rot, and insects, making them ideal for outdoor and high-moisture environments. These elements accelerate WPC adoption, contributing to market expansion in both urban and infrastructure development projects.
Restraint:
Vulnerability to UV damage
WPCs are vulnerable to UV damage because prolonged exposure to sunlight can cause degradation of the plastic components, leading to discoloration, surface cracking, and brittleness. This can diminish the aesthetic appeal and structural integrity of WPC products, particularly in outdoor applications like decking and furniture. As a result, the market growth is hampered by the need for additional treatments or coatings to protect WPCs from UV damage, raising both costs and consumer concerns.
Opportunity:
Growing trend for sustainable construction materials
WPCs, made from recycled wood fibers and plastics, offer an eco-friendly alternative to traditional materials like timber and concrete. As global construction industries focus more on reducing carbon footprints and promoting green building practices, WPCs are gaining popularity for their sustainability and lower environmental impact. They provide durable, low-maintenance solutions for applications like decking, flooring, and cladding. With increasing demand for eco-conscious building materials and regulatory support for sustainable practices, WPCs are poised for substantial growth in the construction sector.
Threat:
Environmental concerns with plastic content
Environmental concerns regarding the plastic content in WPCs stem from the use of non-biodegradable plastics, which can contribute to long-term waste and pollution. While WPCs utilize recycled plastics, the material still contains synthetic polymers that do not decompose easily. This raises concerns about sustainability, especially as environmental awareness increases. These concerns can hamper market growth by limiting consumer and regulatory acceptance, especially in regions with stringent environmental laws.
Covid-19 Impact
The covid-19 pandemic impacted the wood plastic composites market by disrupting supply chains, reducing production capacity, and causing delays in raw material procurement. However, the market saw a rebound as demand for outdoor furniture, decking, and home improvement products surged during lockdowns. While the market faced initial setbacks, the long-term growth prospects remain strong due to rising demand for durable and low-maintenance materials in construction and landscaping.
The flooring segment is expected to be the largest during the forecast period
The flooring segment is predicted to secure the largest market share throughout the forecast period due to their durability, moisture resistance, and aesthetic appeal. WPC flooring offers a wood-like appearance with added benefits, such as reduced maintenance and longer lifespan compared to traditional wood flooring. It is ideal for high-moisture areas like bathrooms, kitchens, and basements, as it resists warping, rotting, and insect damage. The growing demand for sustainable, low-maintenance, and resilient flooring materials is driving the adoption of WPC in residential and commercial sectors.
The industrial segment is expected to have the highest CAGR during the forecast period
The industrial segment is anticipated to witness the highest CAGR during the forecast period due to their strength, durability, and resistance to wear and tear. In industries like automotive, construction, and manufacturing, WPCs are used for components such as panels, interiors, and structural parts. These composites offer advantages like reduced weight, enhanced longevity, and improved performance in harsh environments. The growing focus on eco-friendly materials and high-performance solutions is driving their adoption in various industrial sectors.
Region with largest share:
Asia Pacific is expected to register the largest market share during the forecast period driven by rising urbanization, infrastructure development, and increasing demand for sustainable building materials. Countries like China, India, and Japan are major contributors, where WPCs are widely used in construction, automotive and outdoor furniture sectors. The region's emphasis on eco-friendly products and the adoption of green building standards further boost the market.
Region with highest CAGR:
North America is projected to witness the highest CAGR over the forecast period due to increasing demand for sustainable and low-maintenance building materials. The United States and Canada are key markets, where WPCs are widely used in decking, fencing, and outdoor furniture applications. The region's focus on green construction practices and eco-friendly products drives market expansion. Strong regulatory support for sustainable materials and the growing trend of home improvement further contribute to the market's growth in North America.
Key players in the market
Some of the key players profiled in the Wood Plastics Composites Market include UPM-Kymmene Corporation, Trex Company Inc., Fiberon LLC, Universal Forest Products Inc., Green Bay Decking LLC, AZEK Company Inc., Fkur Kunststoff GmbH, Flexform Technologies, Kedel Limited, Ingevity Corporation, BayuWood, MoistureShield, Inteplast Group, Composite Panel Systems Inc., BEAUFLOR, Cubic Designs Inc., Royal Building Products and Ecomedes.
Key Developments:
In November 2024, MoistureShield has expanded its distribution in California, Oregon, and Nevada by partnering with Building Materials Distributors, Inc. (BMD). Through this partnership, BMD will offer MoistureShield's sustainable decking options alongside its existing product lineup, enabling both companies to broaden their market reach and serve clients more effectively in the region.
In January 2023, Trex Company has introduced a new line of decking with enhanced durability and sustainability features. The line includes products that use more recycled content, offering a greener alternative to traditional wood decking, and aims to meet the growing demand for environmentally friendly materials in construction.
Types Covered:
• Polyethylene-based WPC
• Polyvinyl Chloride-based WPC
• Polypropylene-based WPC
• Polylactic Acid WPC
• Thermoplastic Elastomers WPC
• Other Types
Fiber Types Covered:
• Wood Flour
• Wood Fiber
• Bamboo Fiber
• Kenaf
• Jute
• Other Fiber Types
Manufacturing Processes Covered:
• Extrusion
• Injection Molding
• Compression Molding
• Other Manufacturing Processes
Applications Covered:
• Decking
• Siding
• Railing
• Flooring
• Interiors
• Packaging
• Other Applications
End Users Covered:
• Construction & Building
• Automotive
• Furniture
• Industrial
• Agriculture
• Consumer Goods
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Wood Plastics Composites Market, By Type
5.1 Introduction
5.2 Polyethylene-based WPC
5.3 Polyvinyl Chloride-based WPC
5.4 Polypropylene-based WPC
5.5 Polylactic Acid WPC
5.6 Thermoplastic Elastomers WPC
5.7 Other Types
6 Global Wood Plastics Composites Market, By Fiber Type
6.1 Introduction
6.2 Wood Flour
6.3 Wood Fiber
6.4 Bamboo Fiber
6.5 Kenaf
6.6 Jute
6.7 Other Fiber Types
7 Global Wood Plastics Composites Market, By Manufacturing Process
7.1 Introduction
7.2 Extrusion
7.3 Injection Molding
7.4 Compression Molding
7.5 Other Manufacturing Processes
8 Global Wood Plastics Composites Market, By Application
8.1 Introduction
8.2 Decking
8.3 Siding
8.4 Railing
8.5 Flooring
8.6 Interiors
8.7 Packaging
8.8 Other Applications
9 Global Wood Plastics Composites Market, By End User
9.1 Introduction
9.2 Construction & Building
9.3 Automotive
9.4 Furniture
9.5 Industrial
9.6 Agriculture
9.7 Consumer Goods
9.8 Other End Users
10 Global Wood Plastics Composites Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 UPM-Kymmene Corporation
12.2 Trex Company Inc.
12.3 Fiberon LLC
12.4 Universal Forest Products Inc.
12.5 Green Bay Decking LLC
12.6 AZEK Company Inc.
12.7 Fkur Kunststoff GmbH
12.8 Flexform Technologies
12.9 Kedel Limited
12.10 Ingevity Corporation
12.11 BayuWood
12.12 MoistureShield
12.13 Inteplast Group
12.14 Composite Panel Systems Inc.
12.15 BEAUFLOR
12.16 Cubic Designs Inc.
12.17 Royal Building Products
12.18 Ecomedes
List of Tables
1 Global Wood Plastics Composites Market Outlook, By Region (2022-2030) ($MN)
2 Global Wood Plastics Composites Market Outlook, By Type (2022-2030) ($MN)
3 Global Wood Plastics Composites Market Outlook, By Polyethylene-based WPC (2022-2030) ($MN)
4 Global Wood Plastics Composites Market Outlook, By Polyvinyl Chloride-based WPC (2022-2030) ($MN)
5 Global Wood Plastics Composites Market Outlook, By Polypropylene-based WPC (2022-2030) ($MN)
6 Global Wood Plastics Composites Market Outlook, By Polylactic Acid WPC (2022-2030) ($MN)
7 Global Wood Plastics Composites Market Outlook, By Thermoplastic Elastomers WPC (2022-2030) ($MN)
8 Global Wood Plastics Composites Market Outlook, By Other Types (2022-2030) ($MN)
9 Global Wood Plastics Composites Market Outlook, By Fiber Type (2022-2030) ($MN)
10 Global Wood Plastics Composites Market Outlook, By Wood Flour (2022-2030) ($MN)
11 Global Wood Plastics Composites Market Outlook, By Wood Fiber (2022-2030) ($MN)
12 Global Wood Plastics Composites Market Outlook, By Bamboo Fiber (2022-2030) ($MN)
13 Global Wood Plastics Composites Market Outlook, By Kenaf (2022-2030) ($MN)
14 Global Wood Plastics Composites Market Outlook, By Jute (2022-2030) ($MN)
15 Global Wood Plastics Composites Market Outlook, By Other Fiber Types (2022-2030) ($MN)
16 Global Wood Plastics Composites Market Outlook, By Manufacturing Process (2022-2030) ($MN)
17 Global Wood Plastics Composites Market Outlook, By Extrusion (2022-2030) ($MN)
18 Global Wood Plastics Composites Market Outlook, By Injection Molding (2022-2030) ($MN)
19 Global Wood Plastics Composites Market Outlook, By Compression Molding (2022-2030) ($MN)
20 Global Wood Plastics Composites Market Outlook, By Other Manufacturing Processes (2022-2030) ($MN)
21 Global Wood Plastics Composites Market Outlook, By Application (2022-2030) ($MN)
22 Global Wood Plastics Composites Market Outlook, By Decking (2022-2030) ($MN)
23 Global Wood Plastics Composites Market Outlook, By Siding (2022-2030) ($MN)
24 Global Wood Plastics Composites Market Outlook, By Railing (2022-2030) ($MN)
25 Global Wood Plastics Composites Market Outlook, By Flooring (2022-2030) ($MN)
26 Global Wood Plastics Composites Market Outlook, By Interiors (2022-2030) ($MN)
27 Global Wood Plastics Composites Market Outlook, By Packaging (2022-2030) ($MN)
28 Global Wood Plastics Composites Market Outlook, By Other Applications (2022-2030) ($MN)
29 Global Wood Plastics Composites Market Outlook, By End User (2022-2030) ($MN)
30 Global Wood Plastics Composites Market Outlook, By Construction & Building (2022-2030) ($MN)
31 Global Wood Plastics Composites Market Outlook, By Automotive (2022-2030) ($MN)
32 Global Wood Plastics Composites Market Outlook, By Furniture (2022-2030) ($MN)
33 Global Wood Plastics Composites Market Outlook, By Industrial (2022-2030) ($MN)
34 Global Wood Plastics Composites Market Outlook, By Agriculture (2022-2030) ($MN)
35 Global Wood Plastics Composites Market Outlook, By Consumer Goods (2022-2030) ($MN)
36 Global Wood Plastics Composites Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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