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Exclusive Research on Wood Plastic Composites Market Focusing on Top Companies - Fiberon, LLC, Beologic N.V., Timbertech, FkurKunststoff GmbH, JELU-WERK J. Ehrler GmbH & Co. KG, Guangzhou Kindwood Co. Ltd.
Wood Plastic Composites Market
Increasing availability of recycled plastic and growing use in construction sector boosts the Wood Plastic Composites market
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The growing availability of recycled plastic and wood wastes primarily drives the growth of the wood plastic composite market. There has been an increased demand of wood plastic composites from building, architecture, and construction sectors. The growing awareness among consumers regarding use of chemicals in building materials, along with stringent regulations introduced by governments regulating the use of chemicals supports the growth of the wood plastic composite market. Regulations and bans on use of copper, arsenic, and chromium boost the growth of wood plastic composite market. The increasing demand of recyclable materials from the automotive and consumer goods sectors fosters the wood plastic composite market growth. There has been an increased demand of wood plastic composites in emerging economies of Asia-Pacific owing to development of construction and automotive sectors. Global players are expanding their business in this region to increase their customer base and improve the geographical outreach.
Global Wood Plastic Composites Market Taxonomy
The global Wood Plastic Composites market is segmented on the basis of type, end-user, and geography.
By Type:
Polyethylene-Based Wood Plastic Composites
Polyvinylchloride-Based Wood Plastic Composites
Polypropylene-Based Wood Plastic Composites
Others
By End-User:
Construction and Architecture
Automotive
Industrial
Consumer Goods
Others
Geographically, the global Wood Plastic Composites market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The economic growth and presence of established automotive industry boost the growth in Asia-Pacific
On the basis of geography, Asia-Pacific is expected to grow at the fastest rate during the forecast period. The increasing demand from the automotive sector is expected to drive the growth of the wood plastic composite market in this region. The growing disposable income and improving lifestyle of consumer also accelerates the adoption of wood plastic composites. The increasing demand for bio-based products in countries such as China, Japan, and India would provide growth opportunities for the wood plastic composite market during the forecast period. The presence of large number of automotive manufacturers and consumer goods developers also augments the growth of wood plastic composite market in the region.
Key players in the global Wood Plastic Composites market are:
Universal Forest Products, Inc.
Axion International, Inc.
Fiberon, LLC
Polymera, Inc.
Beologic N.V.
Timbertech
Advanced Environmental Recycling Technologies, Inc.
Certainteed
FkurKunststoff GmbH
JELU-WERK J. Ehrler GmbH & Co. KG
Josef Ehrler GmbH & Co. Kg
Guangzhou Kindwood Co. Ltd.
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Corporate Sales, USA
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