North America Wood Plastic Composites Market By Product Type (Polyethylene, Polypropylene, Polyvinylchloride and Others); By Application (Building and Construction, Automotive Components, Industrial and Consumer Goods, and Others) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030.
Wood-plastic composites consist of recycled plastic and wood waste with advantageous features such as low melting temperature resulting in lower producers’ energy costs. This also reduces the environmental effect of the product. Such composites grow at the highest rate among additives made from plastics. In a wide range of applications, such as car speakers, interiors, home furniture, and kitchen accessories, these hybrid materials offer durability, longevity, and cost-saving, thus, they have high demand.
North America Wood Plastic Composites Market size was registered at USD XX billion in 2019 and is estimated to reach USD XX billion by 2030, registering a CAGR of XX% from 2020 to 2030.
North America Wood Plastic Composites Market: Segments
North America Wood Plastic Composites Market is segmented on the basis of source, crop type, form and region.
By product type (in %), North America Wood Plastic Composites Market, 2019
The polypropylene is anticipated to register XX% of the market share during the forecasted period.
By product type, it is categorized into polyethylene, polypropylene, polyvinylchloride and others.
Due to its heavy use in niche product applications, such as water-resistant coatings on furniture and high temperature controllable wooden units, the segment of polypropylene is expected to see a boom over the forecast period. Increasing demand for polyvinylchloride thermoplastics in automotive applications for door panels, seat cushions, cabin linings, backrests and dashboards are also expected to have a positive impact on the wood plastic composite market over the forecast period, due to its excellent insulation properties.
North America Wood Plastic Composites Market Dynamics:
Increased demand and government restrictions to drive the market demand
Increasing demand from building and construction applications, the government-imposed restrictions on the use of copper, chromium, and arsenic and increasing demand for recyclable materials in the automobile industry to increase the growth of the North America Wood Plastic Composites Market. Ease of handling non-utilized plastic is also a major driving factor of the North American wood-plastic composites market.
Complex machine configurations and higher product costs to hamper the market growth
Wood flour is hygroscopic and must be properly wetted with the use of thermoplastic matrix, otherwise, it may absorb moisture which results in poor mechanical properties, unwanted odors, and microbial attacks. The methodology involves complex machine configurations and skilled workers, leading to higher total product costs.
North America Wood Plastic Composites Market: Regions
In terms of value and volume, North America accounted for XX% of total market volume share in 2019
US Builders increasing market for single-family rental homes is focused on redesigning the models that are expected to fuel demand for goods in the coming years. Furthermore, over 70 per cent of the major urban regions saw a rise in the construction of infill housing, generating prospects over the forecast period for wood plastic composite manufacturers. Additionally, growing demand for bio-based plastics in landscaping and street construction is anticipated in the coming years to further boost market growth. Due to the economic slowdown, the U.S. wood plastic composites market has witnessed a comparatively protracted growth in recent years. Due of the large share of these end-use industries in the US wood plastics composites industry, the level of economic activity directly affects the building and automotive sectors.
? North America Wood Plastic Composites Market: Key players
- CPG International
- ·Company Overview
- ·Business Strategy
- ·Key Product Offerings
- ·Financial Performance
- ·Key Performance Indicators
- ·Risk Analysis
- ·Recent Development
- ·Regional Presence
- ·SWOT Analysis
- Advanced Environmental Recycling Technologies
- Fiberon LLC
- Polymera Inc.
- Perth Wood Plastic Composite Company Ltd
- American Wood Fibers Inc
- Universal Forest Products Inc
- Other prominent players
? North America Wood Plastic Composites Market report also contains analysis on:
- North America Wood Plastic Composites Market segments: -
- By Product type:
- By Application:
- ·Building and Construction
- ·Automotive Components
- ·Consumer Goods
- By Crop type
- ·Cereal and grain
- ·Oilseed and pulse
- ·Fruit and vegetable
- North America Wood Plastic Composites Market dynamics
- North America Wood Plastic Composites Market size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints