The wood plastic composites market of North America is anticipated to grow at a CAGR of 10.45% in terms of revenue over the estimated period of 2020-2028, and project a CAGR of 9.03% in terms of volume. The factors accelerating the market growth in the region are large and increasing population and rapid urbanization. In order to understand the potential of the North America wood plastic composites market, North America is analyzed through the countries of the US and Canada. Wood plastic composites prepared from waste products of the wood industry and recycled plastics last longer, and hence are replacing natural wood. In the US, around 40% of plastic wood composites are used for decking, 29% for molding, and the remaining 31% for industrial and automotive purposes, among others.
NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET FORECAST 2020-2028
North America Wood Plastic Composites Market by Type (Polyethylene (Pe), Polyvinylchloride (Pvc), Polypropylene (Pp), Other Types) by Application (Building & Construction Products, Automotive Components, Industrial & Consumer Goods, Other Applications) by Geography.
The wood plastic composites market of North America is anticipated to grow at a CAGR of 10.45% in terms of revenue over the estimated period of 2020-2028, and project a CAGR of 9.03% in terms of volume. The factors accelerating the market growth in the region are large and increasing population and rapid urbanization.
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In order to understand the potential of the North America wood plastic composites market, North America is analyzed through the countries of the US and Canada. Wood plastic composites prepared from waste products of the wood industry and recycled plastics last longer, and hence are replacing natural wood. In the US, around 40% of plastic wood composites are used for decking, 29% for molding, and the remaining 31% for industrial and automotive purposes, among others. The rise in residential construction, along with increasing repair expenditures and residential improvements, is predicted to drive the demand for wood plastic composites. In the next five years, technological advancements that aid in improving the durability of wood plastic composites are also expected to help the market grow. Wood plastic composites are produced from biodegradable plastics such as stretch film, grocery bags, and wood scraps from mills, and hence are being marketed as an environmental-friendly building material in the US.
Advanced Environmental Recycling Technologies, Inc., now known as Moistureshield, is headquartered at Arkansas, the US is one of the prominent market players in the wood plastic composite. It has manufacturing units in Springdale & Lowell, Arkansas, and Watts, Oklahoma.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- PARENT MARKET ANALYSIS: WOOD PRODUCTS MANUFACTURING MARKET
- MARKET DEFINITION
- KEY DRIVERS
- GROWING DEMAND FROM BUILDING AND CONSTRUCTION APPLICATIONS
- BAN ON THE USE OF ARSENIC TOXINS, CHROMIUM AND TOXINS COPPER
- INCREASING DEMAND FOR RECYCLABLE MATERIALS IN AUTOMOTIVE INDUSTRY
- INCREASING DEMAND FOR PVC-CAPPED DECKING PRODUCTS
- ENVIRONMENTAL CONCERN
- KEY RESTRAINTS
- LACK OF RIGIDITY AND IMPACT OF HEAVY LOAD
- PRODUCT LIMITATIONS IN CERTAIN APPLICATIONS
- LACK OF WELL-DEFINED QUALITY STANDARDS
- REDUCING THE WEIGHT OF WPC PRODUCTS
- LOW PREFERENCE FOR RECYCLATES IN PRODUCTS
- KEY ANALYTICS
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCE ANALYSIS
- BUYER POWER
- SUPPLIER POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- SUPPLY CHAIN ANALYSIS
- MARKET BY TYPE
- POLYETHYLENE (PE)
- POLYVINYLCHLORIDE (PVC)
- POLYPROPYLENE (PP)
- OTHER TYPES
- MARKET BY APPLICATION
- BUILDING & CONSTRUCTION PRODUCTS
- AUTOMOTIVE COMPONENTS
- INDUSTRIAL & CONSUMER GOODS
- OTHER APPLICATIONS
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- NORTH AMERICA
- COMPANY PROFILES
- MOSITURESHIELD (FORMERLY ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES, INC. (AERT)) (ACQUIRED BY OLDCASTLE ARCHITECTURAL)
- AXION INTERNATIONAL, INC.
- BEOLOGIC N.V.
- CERTAINTEED CORPORATION
- FIBERON, LLC (ACQUIRED BY FORTUNE BRANDS HOME & SECURITY INC.)
- FKUR KUNSTSTOFF GMBH
- JELU-WERK JOSEF EHRLER GMBH & CO. KG
- POLYPLANK AB
- TAMKO BUILDING PRODUCTS, INC.
- TIMBERTECH LIMITED
- TREX COMPANY, INC.
- UNIVERSAL FOREST PRODUCTS, INC.
LIST OF TABLE
TABLE 1: MARKET SNAPSHOT – WOOD PLASTIC COMPOSITES
TABLE 2: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 3: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 4: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)
TABLE 5: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, FORECAST YEARS, 2020-2028 (IN KILOTONS)
TABLE 6: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 6: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 7: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)
TABLE 8: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, FORECAST YEARS, 2020-2028 (IN KILOTONS)
TABLE 9: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 10: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 11: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)
TABLE 12: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (KILOTONS)
LIST OF FIGURES
FIGURE 1: KEY INVESTMENT INSIGHTS
FIGURE 2: PORTER’S FIVE FORCE ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, GROWTH POTENTIAL, BY TYPE, IN 2019
FIGURE 6: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, POLYETHYLENE (PE), 2020-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, POLYVINYLCHLORIDE (PVC), 2020-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, POLYPROPYLENE (PP), 2020-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, OTHER TYPES, 2020-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019
FIGURE 11: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BUILDING & CONSTRUCTION PRODUCTS, 2020-2028 (IN $ MILLION)
FIGURE 12: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, AUTOMOTIVE COMPONENTS, 2020-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, INDUSTRIAL & CONSUMER GOODS, 2020-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, OTHER APPLICATIONS, 2020-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 16: UNITED STATES WOOD PLASTIC COMPOSITES MARKET, 2020-2028 (IN $ MILLION)
FIGURE 17: CANADA WOOD PLASTIC COMPOSITES MARKET, 2020-2028 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- NORTH AMERICA
- MARKET BY TYPE
- POLYETHYLENE (PE)
- POLYVINYLCHLORIDE (PVC)
- POLYPROPYLENE (PP)
- OTHER TYPES
- MARKET BY APPLICATION
- BUILDING & CONSTRUCTION PRODUCTS
- AUTOMOTIVE COMPONENTS
- INDUSTRIAL & CONSUMER GOODS
- OTHER APPLICATIONS
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