Brandessence Market Research recently added the Wood Plastic Composite (WPC) Market research report which offers a thorough study of the market scenario regarding the market size, share, demand, growth, trends, and forecast from 2020-2026. The report deals with the impact analysis of the COVID-19 pandemic. The COVID-19 pandemic has impacted exports, imports, demand and trends in the industry and is expected to have some economic impact on the market. The report offers a comprehensive analysis of the impact of the pandemic across the industry and provides insights into a post-COVID-19 market scenario.
Wood fibers are used in manufacturing wood plastic composites (WPC) so as to elevate their strength and stiffness. Different kinds of wood are employed in commercial production, with maple, pine, and oak being the most ordinary. Presently, wood selection is affected more by availability instead of inherent qualities.
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Scope of The Report:
WPC (wood plastic composites) are compounds having wood wastes and recycled plastic with helpful features such as lowered melting temperature leading to lower energy prices for producers and further lowering the environmental impact of the product. These composites are increasing at the highest speed amongst the plastic additives. Innovative employments for wood-based composites are accomplished constantly. These hybrid materials offer longevity, sustainability, and cost savings in a wide series of applications such as interiors, car speakers, kitchen accessories, and home furniture.
The major players included in the global wood plastic composite market forecast are,
CPG International LLC., Crane Plastics, Guangzhou Kindwood Co. Ltd., Findock International Inc., North Wood Plastics Inc., Josef Ehrler GmbH & Co. Kg, Polyplank AB, Universal Forest Products, Inc., Plygem Holdings Inc., OnSpec Composites Inc.
The global wood plastic composites market is divided by application, type, and geography. By type, it is divided into PP-based composites, PVC-based composites, PE-based composites, and others. Based on application, it is segmented into industrial & consumer products, automotive components, building & construction, and others. Geographically, it is divided across Asia Pacific, Europe, North America, and LAMEA.
The automotive components section added up for a major share of the global market in terms of revenue. The automotive components section is the most lucrative section for investment in the owing to high requirement for dimensionally stable, recyclable, and lightweight materials for interior automotive elements during the later years. Hence, this section is predicted to show high development rate together with significant return on investment for the stakeholders, due to its notable income contribution.
Wood Plastic Composite Market Key Segments:
By Application Type: Building and Construction Products, Automotive Components, Industrial & Consumer Goods, Others
By Type: Polyethylene, Polyvinylchloride, Polypropylene, Other
Increasing Requirement For Durable And Lightweight Goods In The Construction And Automotive Sectors Is Predicted To Power Market Growth
Increasing requirement for durable and lightweight goods in the construction and automotive sectors is predicted to power requirement over the years to come. Wood fibers are used in manufacturing wood plastic composites (WPC) so as to elevate their strength and stiffness. Different kinds of wood are employed in commercial production, with maple, pine, and oak being the most ordinary. Presently, wood selection is affected more by availability instead of inherent qualities.
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
North America Is The Biggest Market For Wood Plastic Composites, Adding Up For A Major Share Of The Total Revenue
North America is the biggest market for wood plastic composites, adding up for a major share of the total revenue. This can be credited to high product penetration in the construction and building sector. Increasing user requirement for bio-compatible products in applications such as automotive interior parts and consumer goods is predicted to have a positive effect on the market.
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