Wood-Plastic Composites Market is likey to Grow at 10.7% CAGR During 2016 - 2021

Stratview Research announces the launch of a new research report on Wood-Plastic Composites Market.This extensive report from Stratview Research, studies the Wood-Plastic Composites Market over the trend period of 2012 to 2017 and forecast period of 2016 to 2021. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Click here to read the detailed description: https://www.stratviewresearch.com/179/wood-Plastic-composites-market.html

This Wood-Plastic Composites Market analysis has been segmented in four ways, keeping in mind the interest of all the stakeholders across the value chain.
• By Resin Type (Polyethylene based WPC, Polyvinylchloride based WPC, Polypropylene based WPC and Others) – Polyethylene based WPC is expected to remain the largest resin type
• By End Use Industry Type (Building and Construction, Automotive, Consumer Goods, and Others) – Building & Construction segment is expected to remain the growth engine
• By Manufacturing Process Type (Extrusion Process, Compression Molding Process and Injection Molding Process)- Extrusion process is expected to remain the most dominant process type
• and by Region (North America, Europe, Asia-Pacific, and RoW) – North America is expected to remain the largest WPC market
Go through the detailed TOC: https://www.stratviewresearch.com/toc/179/wood-Plastic-composites-market.html
Or
Get a free sample: https://www.stratviewresearch.com/Request-Sample/179/wood-Plastic-composites-market.html

The Wood-Plastic Composites (WPC) Market: Highlights
The WPC market offers excellent growth opportunity and is likely to grow at 10.7% CAGR during the forecast period of 2016 to 2021. Increasing use of WPC in the interior applications in growing automotive industry, recovery in building and construction activities, and high focus towards use of green materials are some of the major drivers of the global WPC market.
Building & Construction segment is expected to remain the growth engine of the global WPC market during the forecast period. Recovering North American housing starts, high residential activities in the Asia-Pacific and Middle East regions, and focus towards use of green materials are likely to drive the market segment during the forecast period. Decking, siding, and fencing are the major applications of WPC in the building & construction industry, together accounting for more than 90% of the WPC market in the building & construction industry in 2015.
Automotive segment is expected to experience the highest growth over the next five years. The automakers’ push to build lightweight vehicles for achieving government’s stringent regulations, such as CAFÉ standards and EU Carbon emissions and demand for recycled materials are likely to drive the demand of WPC in the automotive industry. WPC are mainly used in the interior applications, such as rear shelves and trims for trunks and spare wheels, and interior trims for vehicle doors. The WPC stakeholders are continuously working on the development of new WPC applications in the automotive industry.
Polyethylene based WPC is expected to remain the largest resin type during the forecast period because of its overall higher performance than other resins based WPC. Polyethylene based WPC is widely preferred for manufacturing decking, fencing, furniture, wall cladding, hollow boards, and profiles.
Extrusion process is expected to remain the most dominant process type in the global WPC market during the forecast period. Building & Construction, the largest end user industry of WPC market is heavily relied on the extrusion process to manufacture key applications, such as decking, siding, and fencing. Injection molding process is likely to exhibit the fastest growth for the same period driven by the automotive and consumer goods segments. WPC is increasingly used to produce furniture, consumer goods and household electronics using injection molding process. WPC granulates for injection molding are now produced by global players and are becoming more attractive for clients that manufacture consumer goods, automotive and other parts.
North America is expected to remain the largest WPC market in terms of region, over the next five years. More than 60% of the global WPC manufacturers are located in North America region, serving primarily construction and consumer goods industries. Asia-Pacific is likely to witness the fastest growth rate during the same period driven by growing economies, mainly China and India. Europe is the largest WPC market for automotive industry.
The supply chain of this market comprises of raw material suppliers, WPC manufacturers, part manufacturer, distributors, and OEMs. The key WPC manufacturers are TAMKO Building Product, Trex Company, Inc., Advanced Environmental Recycling Technologies, Inc., Universal Forest Products, Inc., Fiberon, LLC, TimberTech, Beologic N.V., and CertainTeed.
Process optimization, new product development, and new application development are the major strategies adopted by the key players to gain competitive edge in the market.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Stratview Research is a global market intelligence firm offering a wivde range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

We have a strong experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.

400 Renaissance Center,
Suite 2600,
Detroit, Michigan, MI 48243
United States of America

This release was published on openPR.