Wood-Plastic Composites (WPC) Market to experience an impressive growth of 10.7% during 2016-2021

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Wood-Plastic Composites (WPC) Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Wood-Plastic Composites (WPC) Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2016-2021.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.

The Global Wood-Plastic Composites (WPC) Market: Highlights
The global 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.

The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.

Dissection by Segments
• By Resin Type : Polyethylene based WPC, Polyvinylchloride based WPC and Others
• By End Use Industry Type : Building and Construction, Automotive and Others
• By Manufacturing Process Type : Extrusion Process, Compression Molding Process and Others
• By Region : North America, Europe, Asia-Pacific, and RoW

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Market Segments
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.

Players
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.

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This release was published on openPR.