DUBLIN--(BUSINESS WIRE )--The "Wood Plastic Composite Market Analysis Report By Type (Polyethylene, Polypropylene, Polyvinylchloride), By Application (Automotive, Construction, Industrial & Consumer Goods), And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global wood plastic composite market size is expected to reach USD 8.15 billion by 2025, exhibiting a 9.3% CAGR during the forecast period.
Rising applications in outdoor and indoor furniture, automotive units, and construction is anticipated to propel industry growth over the forecast period.
The building and construction sector is a leading consumer of WPC products, followed by the automotive and consumer goods industries. Leading manufacturers in the industry are focusing more on R&D pertaining to use of advanced polymers in order to improve durability.
Adoption of natural fiber plastic materials as a substitute to wood plastic composite products is anticipated to pose a challenge to the market. Natural fiber plastic material products have very similar applications to WPC and can be employed in the manufacturing of fences, railings, cladding, landscaping timbers, park benches, door frames, and more.
Rising market saturation in North America and Europe is likely to impact the industry over the next decade. Major participants in the industry are moving their operations to more developing markets, with Asia Pacific emerging as the most lucrative destination.
Further key findings from the report suggest:
Chapter 5 Technology Overview & Regulatory Framework
Chapter 6 Competitive & Vendor Landscape
Chapter 7 Wood Plastic Composite Market: Type Estimates & Trend Analysis
Chapter 8 Wood Plastic Composite Market: Application Estimates & Trend Analysis
Chapter 9 Wood Plastic Composite Market: Regional Estimates & Trend Analysis
For more information about this report visit https://www.researchandmarkets.com/research/p2dcqz/the_wood_plastic?w=4
ResearchAndMarkets.com Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T. Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Related Topics: Plastics, Composites
ResearchAndMarkets.com Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T. Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Related Topics: Plastics, Composites