Stratview Research publishes a new report titled Wood-Plastic Composites Market which is segmented by Resin (Polyethylene, Polyvinylchloride, Polypropylene, and Others), by End Use Industry (Building Construction, Automotive, Consumer Goods, and Others), by Manufacturing Process (Extrusion, Compression Molding, and Injection Molding), by Region (NA, Europe, APAC, ROW).
Market Insights
The wood-plastic composites market was estimated at USD 5.8 billion in 2021 and is likely to grow at a CAGR of 11.28% during 2022-2028 to reach USD 12.33 billion in 2028.
Increasing use of wood-plastic composites in interior applications in the growing automotive industry, recovery in building and construction activities, and a high focus on the use of green materials are some of the major drivers of the wood-plastic composites market.
COVID-19 IMPACT
There was a partial or entire shutdown of manufacturing of non-essential products during the global pandemic in the year 2020. Restrictions on trades and lockdowns across the globe have negatively impacted the market and led to a decline in demand and sales of the wood-plastic composites market.
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Why is this report beneficial?
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
It also offers –
- Market Overview
- Key Manufacturers Profiles
- Market Analysis by Region
- Market Segment by Type
- Market Segment by Application
- Raw Material and Supply Chain
- Other Key Research Findings
All the data compiled by the market experts is the outcome of rigorous primary and secondary research conducted on the market players and reliable sources, including company white papers, journals, press releases, and more.
Key players active in the market –
The following are some of the key players in the Wood-Plastic Composites Market:
- TAMKO Building Product,
- Trex Company, Inc.,
- Advanced Environmental Recycling Technologies, Inc.,
- Universal Forest Products, Inc.,
- Fiberon, LLC,
- TimberTech,
- Beologic N.V.,
- CertainTeed.
Customization of the report –
At Stratview Research, the market researchers make a note of opportunities, drawbacks/bottlenecks, estimations, and information related to the market using experienced skills and verified methodologies. Our research reports offer an exceptional experience of innovative solutions and outcomes to the users. If required, user can also opt for customization of the report.
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