Wood Plastic Composite Market worth $4,601.7 Million by 2019, According to the New Study on ASDReports

Thursday 27 November 2014, Amsterdam

According to a new market research report on ASDReports “Wood Plastic Composite Market by Type (Polyethylene, Polyvinylchloride, Propylene, and Others), Applications (Building & Construction Products, Automotive Components, Industrial & Consumer goods, and Others) and Region - Trends & Forecasts (2014 - 2019)”, the wood plastic composite market is projected to grow from $ 2579.90 million in 2014 to $4,601.7 million by 2019, with a CAGR of 12.2% between 2014 and 2019. It also explains the driving and restraining factors of the global wood plastic composite market with an analysis of trends, opportunities, and challenges.

The wood plastic composite market is segmented by type, by application, and by geography. The market size of each region such as North America, Western Europe, Asia, and Rest of the World (RoW) is projected in the report. The key countries such as U.S., Germany, China, and Brazil are covered and their market size is forecasted along with their growth rates.


Polyethylene: Largest market segment

Polyethylene is the single-largest segment, holding 56.6% share of the global wood plastic composite market in 2014 and is projected to grow with a CAGR of 12.0% between 2014 and 2019. North America is the largest market of polyethylene and Asia stood second in 2014.


Wood plastic composite market, by application

The wood plastic composite market consists of four application; they are building and construction products, automotive components, industrial & consumer goods and others. The demand for building and construction segment accounted for the largest share in 2014, at $2,579.9 million, and it is projected to reach $4,601.7 million by 2019. North America was the largest consumer of building and construction products in 2014, followed by the Asian region.

Leading companies such as Trex Company, Inc. (U.S.), Advanced Environmental Recycling Technologies Inc (U.S.), Fiberon LLC (U.S.), TimberTech (U.S.) and Tamko building products, Inc. (U.S.) are focusing on the expansion of their wood plastic composite business through partnerships, agreements and collaborations to increase their production and distributional network.