China holds the highest share in the wood-plastic composites market in Asia. Globally, China is also one of the market leaders in the manufacturing sector, with its use of high wood-plastic composites. A mix of natural wood and plastic fiber forms wood-plastic composites. These help in reducing the overall weight of a vehicle, and in turn, it enhances its fuel efficiency. Wood plastic composites are a low-priced and eco-friendly substitute to plastic and steel components in construction applications. Hence, their demand is constantly growing in the market.

CHINA WOOD AND PLASTIC COMPOSITES MARKET FORECAST 2017- 2023

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KEY FINDINGS

China holds the highest share in the wood-plastic composites market in Asia. Globally, China is also one of the market leaders in the manufacturing sector, with its use of high wood-plastic composites. A mix of natural wood and plastic fiber forms wood-plastic composites. These help in reducing the overall weight of a vehicle, and in turn, it enhances its fuel efficiency. Wood plastic composites are a low-priced and eco-friendly substitute to plastic and steel components in construction applications. Hence, their demand is constantly growing in the market.

Market Insights

The wood-plastic composites market is segmented by types: Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC) and others. Polyethylene based wood plastic composites dominate the industry. The building & construction products segment is regarded to be the largest consumer of Polyethylene and Polyvinyl Chloride wood-plastic composites. The automotive components segment comes in next where wood-plastic composites are used in the making of lightweight automotive components.

 Based on their application, this market has been segmented into building & construction products, decking, fencing, industrial & consumer goods, automotive components, and others. Among these, the building and construction segment appeared as the largest in the global wood-plastic composites market.

Competitive Insights

Key players in the industry include Trex Company, Inc., Advanced Environmental Recycling Technologies, Inc. (AERT), Universal Forest Products, Inc., Axion International, Inc., Fiberon, LLC, TimberTech, TAMKO Building Products, Inc., Beologic N.V., CertainTeed, among others.

 

  1. RESEARCH SCOPE
    1. STUDY GOALS
    2. SCOPE OF THE MARKET STUDY
    3. WHO WILL FIND THIS REPORT USEFUL?
    4. STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    1. SOURCES OF DATA
    2. TOP DOWN APPROACH
    3. BOTTOM-UP APPROACH
    4. DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    1. MARKET SUMMARY
    2. KEY FINDINGS
  4. MARKET OVERVIEW
    1. MARKET DEFINITION
    2. MARKET DRIVERS
      1. GROWING DEMAND FROM BUILDING AND CONSTRUCTION APPLICATIONS
      2. INCREASING DEMAND FOR RECYCLABLE MATERIALS IN AUTOMOTIVE INDUSTRY
    3. MARKET RESTRAINTS
      1. RAISING COST OF RAW MATERIALS
      2. LACK OF RIGIDITY AND IMPACT OF HEAVY LOAD
    4. MARKET OPPORTUNITIES
      1. USE OF NEW MANUFACTURING PROCESS
      2. USE OF RECYCLABLE RAW MATERIALS
    5. MARKET CHALLENGES
      1. REDUCING THE WEIGHT OF WPC PRODUCTS
      2. LEGAL ISSUES
    6. WOOD PLASTIC COMPOSITES MARKET, BY TYPE
      1. INTRODUCTION
      2. POLYETHYLENE (PE)
      3. POLYVINYLCHLORIDE (PVC)
      4. POLYPROPYLENE (PP)
      5. OTHERS
    7. WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION
      1. BUILDING & CONSTRUCTION PRODUCTS
        1. DECKING
        2. MOLDING & SIDING
        3. FENCING
      2. AUTOMOTIVE COMPONENTS
      3. INDUSTRIAL & CONSUMER GOODS
      4. OTHERS
    8. KEY ANALYTICAL
      1. 5 FORCES ANALYSIS
        1. THREAT OF NEW ENTRANTS
        2. THREAT OF SUBSTITUTE PRODUCTS OR SERVICES
        3. BARGAINING POWER OF BUYERS
        4. BARGAINING POWER OF SUPPLIERS
        5. INTENSITY OF COMPETITIVE RIVALRY
      2. CHINA
      3. COMPETITIVE ANALYSIS
        1. OVERVIEW
          1. MOST ADOPTED STRATEGIES IN WOOD PLASTICS COMPOSITES MARKET, 2011-2016
        2. COMPETITIVE SITUATION AND TRENDS
          1. PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
          2. NEW PRODUCT LAUNCHES
          3. EXPANSIONS
          4. MERGERS AND ACQUISITIONS
        3. COMPANY PROFILES
          1. TREX COMPANY, INC.
          2. ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES, INC. (AERT)
          3. UNIVERSAL FOREST PRODUCTS, INC.
          4. AXION INTERNATIONAL, INC.
          5. FIBERON, LLC
        4. OTHER KEY COMPANIES
          1. FINDOCK INTERNATIONAL, INC.
          2. PERTH WPC COMPANY
          3. DECEUNINCK
          4. SHANGHAI SEVEN TRUST INDUSTRY CO., LTD

 

LIST OF TABLES

  1. MARKET SUMMARY: CHINA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION 2017-2023 ($MILLION)
  2. CHINA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2017-2023 ($MILLION)
  3. WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2017-2023 ($MILLION)
  4. CHINA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2017-2023 ($MILLION)
  5. CHINA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2017-2023 ($MILLION)

LIST OF FIGURES

  1. CHINA WOOD PLASTIC COMPOSITES MARKET BY APPLICATION 2017 AND 2023 ($MILLION)
  2. POLYETHYLENE WOOD PLASTIC COMPOSITES MARKET, 2017-2023 ($MILLION)
  3. POLYVINYLCHLORIDE WOOD PLASTIC COMPOSITES MARKET, 2017-2023 ($MILLION)
  4. POLYPROPYLENE WOOD PLASTIC COMPOSITES MARKET 2017-2023 ($MILLION)
  5. OTHERS WOOD PLASTIC COMPOSITES MARKET, 2017-2023 ($MILLION)
  6. CHINA WOOD PLASTIC COMPOSITES MARKET IN BUILDING & CONSTRUCTION PRODUCTS, 2017-2023 ($MILLION)
  7. CHINA WOOD PLASTIC COMPOSITES MARKET IN AUTOMOTIVE COMPONENTS, 2017-2023 ($MILLION)
  8. CHINA WOOD PLASTIC COMPOSITES MARKET IN INDUSTRIAL & CONSUMER GOODS, 2017-2023 ($MILLION)
  9. CHINA WOOD PLASTIC COMPOSITES MARKET IN OTHER APPLICATIONS, 2017-2023 ($MILLION)
  10. CHINA: WOOD PLASTIC COMPOSITES MARKET 2017-2023 ($MILLION)
  11. CHINA: WOOD PLASTIC COMPOSITES MARKET SHARE SNAPSHOT, 2016 (%)
  1. CHINA
  2. WOOD PLASTIC COMPOSITES MARKET, BY TYPE
    1. INTRODUCTION
    2. POLYETHYLENE (PE)
    3. POLYVINYLCHLORIDE (PVC)
    4. POLYPROPYLENE (PP)
    5. OTHERS
  3. WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION
    1. BUILDING & CONSTRUCTION PRODUCTS
      1. DECKING
      2. MOLDING & SIDING
      3. FENCING
    2. AUTOMOTIVE COMPONENTS
    3. INDUSTRIAL & CONSUMER GOODS
    4. OTHERS

 

 

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