Aug 11, 2017   SOURCE: BusinessWire

Wood Plastic Composites Market by Type - Global Opportunity Analysis and Industry Forecast, 2017-2023 - Research and Markets

The "Wood Plastic Composites Market by Type - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to Research and Markets' offering.

The global wood plastic composites market was valued at $2,551 million in 2016, and is expected to reach at $6,584 million by 2023, registering a CAGR of 12.6% from 2017 to 2023.

Wood plastic composites (WPC) are derived from wood fiber material, thermoplastic polymers, and additives. They are used as a substitute component to manufacture furniture, automobiles, railings, cladding, decking lumber, molding, and others.

These composites have gained traction in the last few years due to potential benefits such as costs savings, durability, recyclability, sustainability, and others.

The global wood plastic composites market is driven by high availability of non-utilized plastic and wood wastes, increase in demand from building & construction applications, and stringent regulations on the use of chemicals in building materials.

However, rise in cost of raw materials and issues regarding mechanical strength and/or weight hamper the market growth. Increased utility of biodegradable raw materials is expected to create opportunities in the global WPC market.

The global wood plastic composites market is segmented based on type, application, and geography. Based on type, it is categorized into PE-based composites, PVC-based composites, PP-based composites, and others.

Based on application, it is divided into, building & construction, automotive components, industrial & consumer products, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Executive Summary

Chapter 3 Market Overview

Chapter 4 Wood Plastic Composites Market, By Type

Chapter 5 Wood Plastic Composites Market, By Application

Chapter 6 Global Wood Plastic Composites Market, By Geography

Chapter 7 Company Profiles

Companies Mentioned

  • Advanced Environmental Recycling Technologies Inc.
  • Axion International Inc.
  • Beologic N.V.
  • Certainteed Corporation
  • Fiberon LLC.
  • Fkur Kunststoff GmbH
  • Polymera Inc.
  • Tamko Building Products Inc.
  • Timbertech Ltd.
  • Trex Company Inc.

For more information about this report visit https://www.researchandmarkets.com/research/vstvjn/wood_plastic