NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET FORECAST 2018-2026
KEY FINDINGS
The North American wood plastic composite market stood at $1758 million in 2017. By the end of the forecast period of 2018-2026, the market is anticipated to rise with 11.52% CAGR, generating a net total of $4635.7 million.
MARKET INSIGHTS
North America is the largest market for wood-plastic composites in the world. Wood-plastic composites (WPC) have been witnessing a rapid growth since the past decade in the North American region. The U.S wood plastic composite market leads the North American region. The increase in residential construction, combined with the rise in residential improvements and repair expenditures, is expected to drive the demand for wood-plastic composites in the U.S. Canada holds the second position in the North American wood-plastic composites market. The current trend in Canada is to manufacture WPC with virgin polymers, using HDPE, polypropylene, polystyrene, and vinyl.
COMPETITIVE INSIGHTS
Companies like Polymera Inc, Trex Company Inc, Axion International Inc, Beologic N.V, Universal Forest Products Inc, Advanced Environmental Recycling Technologies Inc. (AERT), Certainteed, Fiberon Llc, and Timbertech are engaged in the wood plastic composite market.
The North American wood plastic composite market stood at $1758 million in 2017. By the end of the forecast period of 2018-2026, the market is anticipated to rise with 11.52% CAGR, generating a net total of $4635.7 million.
MARKET INSIGHTS
North America is the largest market for wood-plastic composites in the world. Wood-plastic composites (WPC) have been witnessing a rapid growth since the past decade in the North American region. The U.S wood plastic composite market leads the North American region. The increase in residential construction, combined with the rise in residential improvements and repair expenditures, is expected to drive the demand for wood-plastic composites in the U.S. Canada holds the second position in the North American wood-plastic composites market. The current trend in Canada is to manufacture WPC with virgin polymers, using HDPE, polypropylene, polystyrene, and vinyl.
COMPETITIVE INSIGHTS
Companies like Polymera Inc, Trex Company Inc, Axion International Inc, Beologic N.V, Universal Forest Products Inc, Advanced Environmental Recycling Technologies Inc. (AERT), Certainteed, Fiberon Llc, and Timbertech are engaged in the wood plastic composite market.
1. RESEARCH SCOPE
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.1.1. SECONDARY DATA
2.1.2. PRIMARY DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. MARKET SUMMARY
3.2. KEY FINDINGS
3.2.1. WOOD-PLASTIC COMPOSITES ARE INCREASINGLY USED IN NON-STRUCTURAL AREAS
3.2.2. RISE IN DEMAND FROM DEVELOPING REGIONS
3.2.3. POLYETHYLENE (PE) TYPE HOLDS THE LARGEST MARKET SHARE
3.2.4. BUILDING & CONSTRUCTION PRODUCTS ARE INCREASINGLY USED
4. MARKET DETERMINANTS
4.1. MARKET DRIVERS
4.1.1. GROWING DEMAND FROM BUILDING AND CONSTRUCTION APPLICATIONS
4.1.2. BAN ON THE USE OF ARSENIC TOXINS, CHROMIUM, AND COPPER TOXINS
4.1.3. INCREASING DEMAND FOR RECYCLABLE MATERIALS IN AUTOMOTIVE INDUSTRY
4.1.4. INCREASING DEMAND FOR PVC-CAPPED DECKING PRODUCTS
4.1.5. ENVIRONMENTAL CONCERN
4.2. MARKET RESTRAINTS
4.2.1. LACK OF RIGIDITY AND IMPACT OF HEAVY LOAD
4.2.2. PRODUCT LIMITATIONS IN CERTAIN APPLICATIONS
4.2.3. LACK OF WELL-DEFINED QUALITY STANDARDS
4.3. MARKET OPPORTUNITIES
4.3.1. INCREASING DEMAND FROM EMERGING ECONOMIES
4.3.2. USE OF NEW MANUFACTURING PROCESS
4.3.3. USE OF RECYCLABLE RAW MATERIALS
4.4. MARKET CHALLENGES
4.4.1. REDUCING THE WEIGHT OF WPC PRODUCTS
4.4.2. LEGAL ISSUES
4.4.3. LOW PREFERENCE FOR RECYCLATES IN PRODUCTS
5. MARKET SEGMENTATION
5.1. MARKET BY TYPES 2018-2026
5.1.1. POLYETHYLENE (PE)
5.1.2. POLYVINYLCHLORIDE (PVC)
5.1.3. POLYPROPYLENE (PP)
5.1.4. OTHER TYPES
5.2. MARKET BY APPLICATION 2018-2026
5.2.1. BUILDING & CONSTRUCTION PRODUCTS
5.2.2. AUTOMOTIVE COMPONENTS
5.2.3. INDUSTRIAL & CONSUMER GOODS
5.2.4. OTHER APPLICATIONS
6. KEY ANALYTICS
6.1. PORTER’S FIVE FORCES ANALYSIS
6.1.1. THREAT OF NEW ENTRANTS
6.1.2. THREAT OF SUBSTITUTE PRODUCTS OR SERVICES
6.1.3. BARGAINING POWER OF BUYERS
6.1.4. BARGAINING POWER OF SUPPLIERS
6.1.5. INTENSITY OF COMPETITIVE RIVALRY
6.2. SUPPLY CHAIN ANALYSIS
6.3. OPPORTUNITY MATRIX
7. GEOGRAPHICAL ANALYSIS
7.1. NORTH AMERICA
7.1.1. UNITED STATES (U.S.)
7.1.2. CANADA
8. COMPANY PROFILES
8.1. COMPETITIVE ANALYSIS
8.1.1. PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
8.1.2. NEW PRODUCT LAUNCHES
8.1.3. EXPANSIONS
8.1.4. MERGERS AND ACQUISITIONS
8.2. ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES, INC. (AERT)
8.3. AXION INTERNATIONAL, INC.
8.4. BEOLOGIC N.V.
8.5. CERTAINTEED
8.6. FIBERON, LLC
8.7. FKUR KUNSTSTOFF GMBH
8.8. JOSEF EHRLER GMBH & CO. KG
8.9. POLYMERA, INC.
8.10. POLYPANK AB
8.11. TAMKO BUILDING PRODUCTS, INC.
8.12. TIMBERTECH
8.13. TREX COMPANY, INC.
8.14. UNIVERSAL FOREST PRODUCTS, INC.
TABLE LIST
TABLE 1 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET 2018-2026 ($MILLION)
TABLE 2 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE 2018-2026 ($MILLION)
TABLE 3 NORTH AMERICA WOOD PLASTIC COMPOSITE MARKET IN POLYETHYLENE 2018-2026 ($ MILLION)
TABLE 4 NORTH AMERICA WOOD PLASTIC COMPOSITE MARKET IN POLYVINYLCHLORIDE 2018-2026 ($ MILLION)
TABLE 5 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN POLYPROPYLENE 2018-2026 ($MILLION)
TABLE 6 NORTH AMERICA WOOD PLASTIC COMPOSITE MARKET IN OTHER TYPES 2018-2026 ($ MILLION)
TABLE 7 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET BY APPLICATION 2018-2026 ($MILLION)
TABLE 8 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN BUILDING & CONSTRUCTION PRODUCTS 2018-2026 ($MILLION)
TABLE 9 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN AUTOMOTIVE COMPONENTS 2018-2026 ($MILLION)
TABLE 10 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN INDUSTRIAL & CONSUMER GOODS 2018-2026 ($MILLION)
TABLE 11 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN OTHER APPLICATIONS 2018-2026 ($MILLION)
TABLE 12 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY 2018-2026 ($MILLION)
TABLE 13 UNITED STATES WOOD PLASTIC COMPOSITES MARKET BY TYPE 2018-2026 ($MILLION)
TABLE 14 UNITED STATES WOOD PLASTIC COMPOSITES MARKET BY APPLICATION 2018-2026 ($MILLION)
TABLE 15 CANADA WOOD PLASTIC COMPOSITES MARKET BY TYPE 2018-2026 ($MILLION)
TABLE 16 CANADA WOOD PLASTIC COMPOSITES MARKET BY APPLICATION 2018-2026 ($MILLION)
FIGURE LIST
FIGURE 1 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN POLYETHYLENE 2018-2026 ($MILLION)
FIGURE 2 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN POLYVINYLCHLORIDE 2018-2026 ($MILLION)
FIGURE 3 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN POLYPROPYLENE 2018-2026 ($MILLION)
FIGURE 4 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN OTHER APPLICATIONS 2018-2026 ($MILLION)
FIGURE 5 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN BUILDING & CONSTRUCTION PRODUCTS 2018-2026 ($MILLION)
FIGURE 6 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN AUTOMOTIVE COMPONENTS 2018-2026 ($MILLION)
FIGURE 7 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN INDUSTRIAL & CONSUMER GOODS 2018-2026 ($MILLION)
FIGURE 8 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN OTHER APPLICATIONS 2018-2026 ($MILLION)
FIGURE 9 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET 2018-2026($ MILLION)
FIGURE 10 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET SHARE 2018-2026($ MILLION)
FIGURE 11 UNITED STATES WOOD PLASTIC COMPOSITES MARKET 2018-2026 ($MILLION)
FIGURE 12 CANADA WOOD PLASTIC COMPOSITES MARKET 2018-2026 ($MILLION)
COMPANIES MENTIONED
2. ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES, INC. (AERT)
3. AXION INTERNATIONAL, INC.
4. BEOLOGIC N.V.
5. CERTAINTEED
6. FIBERON, LLC
7. FKUR KUNSTSTOFF GMBH
8. JOSEF EHRLER GMBH & CO. KG
9. POLYMERA, INC.
10. POLYPANK AB
11. TAMKO BUILDING PRODUCTS, INC.
12. TIMBERTECH
13. TREX COMPANY, INC.
14. UNIVERSAL FOREST PRODUCTS, INC.
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.1.1. SECONDARY DATA
2.1.2. PRIMARY DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. MARKET SUMMARY
3.2. KEY FINDINGS
3.2.1. WOOD-PLASTIC COMPOSITES ARE INCREASINGLY USED IN NON-STRUCTURAL AREAS
3.2.2. RISE IN DEMAND FROM DEVELOPING REGIONS
3.2.3. POLYETHYLENE (PE) TYPE HOLDS THE LARGEST MARKET SHARE
3.2.4. BUILDING & CONSTRUCTION PRODUCTS ARE INCREASINGLY USED
4. MARKET DETERMINANTS
4.1. MARKET DRIVERS
4.1.1. GROWING DEMAND FROM BUILDING AND CONSTRUCTION APPLICATIONS
4.1.2. BAN ON THE USE OF ARSENIC TOXINS, CHROMIUM, AND COPPER TOXINS
4.1.3. INCREASING DEMAND FOR RECYCLABLE MATERIALS IN AUTOMOTIVE INDUSTRY
4.1.4. INCREASING DEMAND FOR PVC-CAPPED DECKING PRODUCTS
4.1.5. ENVIRONMENTAL CONCERN
4.2. MARKET RESTRAINTS
4.2.1. LACK OF RIGIDITY AND IMPACT OF HEAVY LOAD
4.2.2. PRODUCT LIMITATIONS IN CERTAIN APPLICATIONS
4.2.3. LACK OF WELL-DEFINED QUALITY STANDARDS
4.3. MARKET OPPORTUNITIES
4.3.1. INCREASING DEMAND FROM EMERGING ECONOMIES
4.3.2. USE OF NEW MANUFACTURING PROCESS
4.3.3. USE OF RECYCLABLE RAW MATERIALS
4.4. MARKET CHALLENGES
4.4.1. REDUCING THE WEIGHT OF WPC PRODUCTS
4.4.2. LEGAL ISSUES
4.4.3. LOW PREFERENCE FOR RECYCLATES IN PRODUCTS
5. MARKET SEGMENTATION
5.1. MARKET BY TYPES 2018-2026
5.1.1. POLYETHYLENE (PE)
5.1.2. POLYVINYLCHLORIDE (PVC)
5.1.3. POLYPROPYLENE (PP)
5.1.4. OTHER TYPES
5.2. MARKET BY APPLICATION 2018-2026
5.2.1. BUILDING & CONSTRUCTION PRODUCTS
5.2.2. AUTOMOTIVE COMPONENTS
5.2.3. INDUSTRIAL & CONSUMER GOODS
5.2.4. OTHER APPLICATIONS
6. KEY ANALYTICS
6.1. PORTER’S FIVE FORCES ANALYSIS
6.1.1. THREAT OF NEW ENTRANTS
6.1.2. THREAT OF SUBSTITUTE PRODUCTS OR SERVICES
6.1.3. BARGAINING POWER OF BUYERS
6.1.4. BARGAINING POWER OF SUPPLIERS
6.1.5. INTENSITY OF COMPETITIVE RIVALRY
6.2. SUPPLY CHAIN ANALYSIS
6.3. OPPORTUNITY MATRIX
7. GEOGRAPHICAL ANALYSIS
7.1. NORTH AMERICA
7.1.1. UNITED STATES (U.S.)
7.1.2. CANADA
8. COMPANY PROFILES
8.1. COMPETITIVE ANALYSIS
8.1.1. PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
8.1.2. NEW PRODUCT LAUNCHES
8.1.3. EXPANSIONS
8.1.4. MERGERS AND ACQUISITIONS
8.2. ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES, INC. (AERT)
8.3. AXION INTERNATIONAL, INC.
8.4. BEOLOGIC N.V.
8.5. CERTAINTEED
8.6. FIBERON, LLC
8.7. FKUR KUNSTSTOFF GMBH
8.8. JOSEF EHRLER GMBH & CO. KG
8.9. POLYMERA, INC.
8.10. POLYPANK AB
8.11. TAMKO BUILDING PRODUCTS, INC.
8.12. TIMBERTECH
8.13. TREX COMPANY, INC.
8.14. UNIVERSAL FOREST PRODUCTS, INC.
TABLE LIST
TABLE 1 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET 2018-2026 ($MILLION)
TABLE 2 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE 2018-2026 ($MILLION)
TABLE 3 NORTH AMERICA WOOD PLASTIC COMPOSITE MARKET IN POLYETHYLENE 2018-2026 ($ MILLION)
TABLE 4 NORTH AMERICA WOOD PLASTIC COMPOSITE MARKET IN POLYVINYLCHLORIDE 2018-2026 ($ MILLION)
TABLE 5 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN POLYPROPYLENE 2018-2026 ($MILLION)
TABLE 6 NORTH AMERICA WOOD PLASTIC COMPOSITE MARKET IN OTHER TYPES 2018-2026 ($ MILLION)
TABLE 7 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET BY APPLICATION 2018-2026 ($MILLION)
TABLE 8 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN BUILDING & CONSTRUCTION PRODUCTS 2018-2026 ($MILLION)
TABLE 9 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN AUTOMOTIVE COMPONENTS 2018-2026 ($MILLION)
TABLE 10 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN INDUSTRIAL & CONSUMER GOODS 2018-2026 ($MILLION)
TABLE 11 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN OTHER APPLICATIONS 2018-2026 ($MILLION)
TABLE 12 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY 2018-2026 ($MILLION)
TABLE 13 UNITED STATES WOOD PLASTIC COMPOSITES MARKET BY TYPE 2018-2026 ($MILLION)
TABLE 14 UNITED STATES WOOD PLASTIC COMPOSITES MARKET BY APPLICATION 2018-2026 ($MILLION)
TABLE 15 CANADA WOOD PLASTIC COMPOSITES MARKET BY TYPE 2018-2026 ($MILLION)
TABLE 16 CANADA WOOD PLASTIC COMPOSITES MARKET BY APPLICATION 2018-2026 ($MILLION)
FIGURE LIST
FIGURE 1 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN POLYETHYLENE 2018-2026 ($MILLION)
FIGURE 2 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN POLYVINYLCHLORIDE 2018-2026 ($MILLION)
FIGURE 3 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN POLYPROPYLENE 2018-2026 ($MILLION)
FIGURE 4 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN OTHER APPLICATIONS 2018-2026 ($MILLION)
FIGURE 5 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN BUILDING & CONSTRUCTION PRODUCTS 2018-2026 ($MILLION)
FIGURE 6 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN AUTOMOTIVE COMPONENTS 2018-2026 ($MILLION)
FIGURE 7 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN INDUSTRIAL & CONSUMER GOODS 2018-2026 ($MILLION)
FIGURE 8 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET IN OTHER APPLICATIONS 2018-2026 ($MILLION)
FIGURE 9 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET 2018-2026($ MILLION)
FIGURE 10 NORTH AMERICA WOOD PLASTIC COMPOSITES MARKET SHARE 2018-2026($ MILLION)
FIGURE 11 UNITED STATES WOOD PLASTIC COMPOSITES MARKET 2018-2026 ($MILLION)
FIGURE 12 CANADA WOOD PLASTIC COMPOSITES MARKET 2018-2026 ($MILLION)
COMPANIES MENTIONED
2. ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES, INC. (AERT)
3. AXION INTERNATIONAL, INC.
4. BEOLOGIC N.V.
5. CERTAINTEED
6. FIBERON, LLC
7. FKUR KUNSTSTOFF GMBH
8. JOSEF EHRLER GMBH & CO. KG
9. POLYMERA, INC.
10. POLYPANK AB
11. TAMKO BUILDING PRODUCTS, INC.
12. TIMBERTECH
13. TREX COMPANY, INC.
14. UNIVERSAL FOREST PRODUCTS, INC.
