North America accounted for the largest share of the wood plastic composite market in 2015, followed by Asia-Pacific and Europe. North America is one of the major producers of wood-plastic composites in the world.
The drivers of the wood-plastic composite market in North America is mainly because of the growing investments in infrastructure and the shift to advanced housing infrastructure from old materials.
Asia Pacific will dominate the Wood Plastic composites market. Growth of construction industries in developing economies like India and China will drive the wood plastic composites market. Increasing use of wood plastic composites in infrastructure development will boost the wood plastic composites market. Asia Pacific is followed by North America.
The North America Wood Plastic Composites Market was valued at $736 million in 2016, and is projected to reach $1,876 million by 2023, registering a CAGR of 12.4% from 2017 to 2023. Wood plastic composites WPCs are made up of recycled plastic and wood wastes with beneficial features such as low melting temperature that results in lower energy costs for producers.
North America is the largest market for wood-plastic composites in the world, and the markets in this region are expected to grow at a healthy rate. On the other hand, Asia-Pacific market is anticipated to be the fastest-growing region for the Wood Plastic Composites.
Wood-plastic composites are widely used in decking Photo: Chemtura In North America, the WPC market will continue to experience double digit growth 2003 to 2010, says Principia. The decking market was the original driver for WPC growth, and continues to account for a nearly 65% share of the WPC market.
Wood-plastic composite - Wikipedia. Wood-plastic composites WPCs are composite materials made of wood fiber/wood flour and . The most widespread use of WPCs in North America is in outdoor deck floors, but it is also used for railings, fences, landscaping timbers .
amazement, the classic wood and plastics industry watches a new material group grow that mainly consists of the renewable resource wood. While there are detailed market studies available for North America, the data situation for the next important WPC markets Asia and Europe is rather meagre. In
Wood-Plastic Composites Market - Transparency Market Research26 Jun 2014 , The global wood-plastic composites market was valued at USD 2.64 billion in 2012 and is anticipated to reach , The report includes analysis of major geographical regions such as North America, Europe, Asia Pacific and,..
The global wood and natural fibre composites WPC market was 771 million kg 1.7 billion lbs in 2003, says Jim Morton, partner at U.S.-based Principia Partners, a marketing and business consulting firm for the plastics and related industries that has organized a WPC conference for October 2005 in the U.S. Nearly 85% of the WPC market is in North America, primarily due to success in building product applications.
North America was the largest market for wood-plastic composites in 2012 with over 65% share in total volume consumption. Asia Pacific is expected to be the fastest growing market for wood-plastic composites over the next six years.
2012 wood plastic composites north america market. Shanghai Seven Trust Industry Co.,Ltd. is devoted to research, develop and manufacturing of recycle plastic lumber
The market report is designed to provide a complete view of the global Wood-Plastic Composites market. This business intelligence report has been categorised into qualitative and quantitative insights over the forecast period 2017-2025 .
Wood Plastic Composite Market Worth $9.77 Billion By 2024. North America was the largest segment for the Wood Plastic Composite market in 2015 accounting over 45% of the global volume.
North America dominates the global wood-plastic composites market and is one of the biggest producers for the same in the world. This market in North America is expected throughout the forecast
The wood plastic composites WPC market is segmented on the basis of type polyethylene, polypropylene, polyvinylchloride, others ; by application building and construction decking, molding and siding, fencing , automotive components, industrial and consumer goods, others and by region North America, Europe, Asia Pacific, Central and South America, Middle East and Africa .
The global wood plastic composite market size is expected to reach USD 8.15 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 9.3% CAGR during the forecast period
Currently, North America holds the largest share in global wood-plastic composites market and the same trend is expected during the forecast period. composites in decking, fencing, and outdoor furniture in the construction industry, along with the increased investment is expected to boost the growth of WPC market.
North America Wood Plastic Composites Market by Type, by Application, and by Country - Opportunity Analysis and Industry Forecast, 2017-2023
In terms of geography, North America is foreseen to be leading the global wood-plastic composites market in terms of revenue share. Previous reports state that North America has contributed to more than half of the total revenue generated earlier and may continue to do so in the years to come.