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Wood Plastic Composite Market Overview with In-depth Analysis and Experts Review Report 2021-2025

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Marnie Serrano

The global wood plastic composites market is projected to reach more than 7 million tons by 2025. Wood plastic composites (WPC) are compounds comprising recycled plastic and wood wastes with beneficial features such as reduced melting temperature resulting in lower energy costs for producers and further reducing the product’s environmental impact. However, higher costs for raw materials and mechanical strength and/or weight problems hamper their ability for various structural applications. On the other hand, the increased use of biodegradable raw materials in the global WPC industry is expected to generate opportunities.

Based on type, the global WPC market is segmented into Polyethylene, Polyvinylchloride, Polypropylene, others. Among this, Polyethylene is projected to dominate the market owing to its better properties. Moreover, the rising demand for polyethylene composites in the automotive industry owing to its low cost, high stiffness, and biodegradability is expected to further propel market growth over the coming years.

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Key players include Trex Company, Inc., Axion Structural Innovations LLC, Beologic N.V., Oldcastle Architectural Inc., CertainTeed Corporation, Fiberon, LLC, Fkur Kunststoff GmbH, Guangzhou Kindwood Co. Ltd., Jelu-Werk Josef Ehrler GmbH & Co. KG, Woodmass, PolyPlank AB, Renolit, TAMKO Building Products, Inc

Access full Report Description, TOC, Table of Figure, Chart, etc. @ https://www.adroitmarketresearch.com/industry-reports/wood-plastic-composite-market

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