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Global Wood Plastic Composite (WPC) Market

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chetana gardas

Global Wood Plastic Composite (WPC) Market size was valued US$ XX Mn. in 2019 and the total revenue is expected to grow about XX% from 2020 to 2027, reaching nearly US$ XX Mn.

 

Global Wood Plastic Composite (WPC) Market

Global Wood Plastic Composite (WPC) Market: Overview

Wood-plastic composites (WPCs) are composite materials made of wood fiber/wood flour and thermoplastic(s) such as PE, PP, PVC, or PLA. It has properties such as high bending strength, high durability, high shear strength, low moisture content, low water absorption and low moisture content, as compared to traditional wood and wood products. Wood Plastic Composite (WPC) can be used in windows, railings, fencing, exterior sliding, flooring, landscape materials and interior molding.

Wood-plastic composites (WPCs) are produced by mixing heated thermoplastic resin and ground wood particles. The most commonly used method for production is extrusion of material into the desired shape, though injection molding is also used. Wood Plastic Composite (WPC) may be produced from either recycled or virgin thermoplastics including LDPE, HDPE, PP, PVC, PS, ABS, and PLA. Polyethylene material is most commonly used for manufacturing of WPC. Additives such as coupling agents, colorants, UV stabilizers, foaming agents, blowing agents, and lubricants used while manufacturing WPC.

Global Wood Plastic Composite (WPC) Market: Dynamics

Drivers

• Increasing demand of WPC in application building and construction
• Ban on the usage of chromium, copper, and arsenic
• Recycle materials use is growing its demand in vehicle manufacturing industry

Restraints

• Raw material cost is rising
• The WPC material is not rigid to heavy impact.

Opportunities

• WPC market is Emerging
• The WPC (Wood Plastic Composite) is easy to process
• The recycle material can be used as raw material for manufacturing WPC

Challenges

• Wood-plastic composite products weight reduction.
• wood-plastic composites legislation issues
Global Wood Plastic Composite (WPC) Market: Load Capacity

The Global Wood Plastic Composite (WPC) Market is segmented by Application into Building and Construction Products, Automotive Components, Industrial & Consumer Goods, and Others Application. The Building and Construction products segment has majority of market shares and growing at a CAGR XX% in Global Wood Plastic Composite (WPC) market. Use of recycled product in automotive is expected to increase the market growth.

Global Wood Plastic Composite (WPC) Market: Regional Overview

The Global Wood Plastic Composite (WPC) Market is segmented region-wise into Asia Pacific, North America, Europe, South America, and Middle East & Africa. The Asia Pacific region is growing their construction and industrial sector due to increasing investment in regions like China and India. Governments are taking initiatives to provide better drainage system in their civic and Polyethylene area.

The European region is majorly growing due to its norms for the use of recycling material. The Wood Plastic Composite (WPC) are better option to conventional wood products, fueling demand of Europe Wood Plastic Composite (WPC) Europe in Market, followed by North America.

The report also helps in understanding Wood Plastic Composite (WPC) Market dynamics, structure by analyzing the market segments and projects the Wood Plastic Composite (WPC) Market size. Clear representation of competitive analysis of key players by Power range, price, financial position, Product portfolio, growth strategies, and regional presence in the Wood Plastic Composite (WPC) Market make the report investor’s guide.
Scope of the Wood Plastic Composite (WPC) Market

Wood Plastic Composite (WPC) Market, by Application

● Building and Construction Products
● Automotive Components
● Industrial & Consumer Goods
● Others Application
Wood Plastic Composite (WPC) Market, by Type

● Polyethylene
● Polyvinylchloride
● Polypropylene
● Other Types
Wood Plastic Composite (WPC) Market, by Region

● Asia Pacific
● North America
● Europe
● South America
● Middle East & Africa
Key players operating in Wood Plastic Composite (WPC) Market

● Trex Company, Inc.
● Advanced Environmental Recycling Technologies, Inc.
● Universal Forest Products, Inc.
● Fiberon, LLC
● TAMKO Building Products, Inc.
● TimberTech
● Axion International, Inc
● Beologic N.V.
● CertainTeed
● Fkur Kunststoff GmbH
● Josef Ehrler GmbH & Co. KG.
● Polymera, Inc.
● Polyplank AB

For More Information Visit @: https://www.maximizemarketresearch.com/market-report/global-wood-plastic-composite-wpc-market/76219/

This Report Is Submitted By: Maximize Market Research Company

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