Global Wood Plastic Composite (WPC) Market By Product Type (Pe-Based Composites, Pvc-Based Composites, Pp-Based Composites & Other Types), By Application (Building And Construction, Outdoor Decking & Fencing, Other Applications), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Wood Plastic Composite (WPC) Market By Product Type (Pe-Based Composites, Pvc-Based Composites, Pp-Based Composites & Other Types), By Application (Building And Construction, Outdoor Decking & Fencing, Other Applications), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)
Trusted Business Insights has published a comprehensive market research report on, Global Wood Plastic Composite (WPC) Market by Product Type (PE-based Composites, PVC-based Composites, PP-based Composites & Other Types), By  Application (Building and Construction, Outdoor Decking & Fencing, Automotive Components, Industrial, Consumer Products & Other Applications), and by Region -Global Forecast to 2030, which offers a holistic view of the global wood plastic composite (WPC) market through systematic segmentation that covers every aspect of the target market.

The global wood plastic composite (WPC) market is projected to be US$ 4416.6 Mn in 2020 to reach US$ 10,899.4 Mn by 2030 at a CAGR of 9.5%.

WPCs commonly known as Wood-plastic composites are composites manufactured from wood flour filler and thermoplastic resins, though thermoset resins and naturally derived resin systems may also be used. WPCs have been developed over the last 40 years, and their application areas have expanded to both structural and non-structural applications. Wood-Plastic Composites production is now considered as one of the fast-growing and most dynamic sectors of the wood industry. The trend in the production of WPC is positive and rising. In the automobile sector, Wood-Plastic Composites are predominantly used. It is used in automobiles for shelves for spare tires, trims in trunks, and interior door trims, etc. Moreover, they are often used to replace fiberglass or metal components in automotive components. There are three different types of manufacturing processes: the extrusion process, Composite molding process, and an injection molding process. The extrusion process is anticipated to be the dominant process type in the wood plastic composite market in the coming years. Building & Construction industry is substantially dependent on the extrusion process for their critical applications, such as siding, fencing, and decking. The injection molding process is likely to exhibit the fastest growth for the same period driven by the automotive and consumer goods segments. Wood-plastic composite is increasingly used to produce furniture, consumer goods, and household electronics using injection molding process. Wood-plastic composite granulates for injection molding are now provided by global players and are becoming more attractive for clients that manufacture consumer goods, automotive and other parts.

The use of wood-plastic composites (WPC) in automobiles is growing, due to the increasing awareness among customers about the various applications and benefits which in turn is anticipated to bolster the demand for wood-plastic composite products. This is expected to drive the target market.


Global Wood Plastic Composite (WPC) Market Revenue (US$ Mn), 2019“2029


However, assessing future demand is a major challenge for the wood-plastic composites market, due to the economic slowdown in various parts of the world in the past decade. Many economies in North America and the European region have still not recovered completely, which has affected the demand for wood-plastic composites from major end-use industries in both areas., which is cumulatively dampening the market growth. Nonetheless, easy processing of wood plastics composites and High usage of recyclable raw materials which in turn will increase the use of wood plastic composite (WPC) in multiple industries which in turn is expected to enhance the market in coming years.

Global Wood Plastic Composite (WPC) market is segmented on the basis of product type, application and region. On the basis of product type, the market is segmented into PE-based Composites, PVC-based Composites, PP-based Composites & Other Types. The PE-based Composites segment accounts for the majority share and is expected to register highest growth over forecast period, followed by PP-based Composites segment. On the basis of application, the market is segmented into Building and Construction, Outdoor Decking & Fencing, Automotive Components, Industrial, Consumer Products & Other Applications. The Outdoor Decking & Fencing segment accounts for a majority share in the global Wood Plastic Composite (WPC) market.


Global Wood Plastic Composite (WPC) Market by Product Type, 2019


On the basis of region, the market is segmented into North America, Europe, APAC, South America and Middle East Africa. The North America accounts for the majority share in the global Wood Plastic Composite (WPC) market, owing increasing usage in automobile sector. APAC is expected to register highest growth rate over forecast period. Regions such as Europe, South America and

MEA are expected to register stable growth over the forecast period.
The research report on the global Wood Plastic Composite (WPC) market includes profiles of some of major companies such as Trex Company, Inc. (TCI), AZEK Building Products, Andersen Corp (Andersen), Ply Gem Industries, Inc., Silvadec, Komdeck and Vann Plastic, TherraWood UK Ltd., Tecnodeck, Beologic NV, RENOLIT, NFP Europe Limited, TECNARO GmbH.



Below are the active patents related to Wood Plastic Composite (WPC) Market.


Patent Number: EP2852480A1

Method and device for producing a wood-plastic composite material (wpc)

Abstract

The invention relates to a method and a device for producing a wood-plastic composite (WPC), comprising a thermal mixer (13) with a tank-shaped mixing container (14) and a mixing assembly (15) arranged therein for the purpose of dehumidifying wood particles (2) and mixing said wood particles with a polymer material (3) to obtain a raw mixture (26); a cutter-compacter (16) downstream of the thermal mixer and comprising a tank-shaped container (17) and at least one cutting tool (18) arranged therein for comminuting and compacting the raw mixture; and a granulating device (20) downstream of the cutter-compacter for the purpose of granulating the mixture produced by said cutter-compacter.

Application File Date: 2013-05-02

Application Granted Date: 2017-10-11

Current Assignee: Rehau AG and Co

Patent Number: US9574075B2

Method and a system for manufacturing a composite product and a composite product

Abstract

The invention relates to a method for manufacturing a composite product comprising organic natural fiber material and matrix material, wherein the method comprises mixing the organic natural fiber material with the matrix material in a primary mixing stage to form a mixture. The primary mixing stage comprises a contacting step in which the organic natural fiber material comes in contact with the matrix material that is at least partly in a form of melt, and bulk density of the organic natural fiber material is less than 500 kg/m3. The method further comprises forming a composite product comprising the mixture. Further, the invention relates to a composite product, a use of the composite product, and a system for manufacturing a composite product.

Application File Date: 2012-08-28

Application Granted Date: 2017-02-21

Current Assignee: UPM Kymmene Oy

Patent Number: EP3017924A1

Method for manufacturing a wooden panel, in particular a wood-plastic composite

Abstract

The present invention relates to a method for producing a wood-based panel, in particular in the form of a wood-plastic composite (WPC), comprising the steps of applying a mixture of wood particles (H) and plastic (K) on a first conveyor belt (3) with training a Vorvlieses and introducing the Vorvlieses in at least one first annealing furnace (4) for precompression; Transferring the precompacted fleece into at least one double-belt press (5) for further compacting into a wood-based panel; and cooling the compacted wood-based panel in at least one cooling press (6).
Images (1)

Application File Date: 2014-11-06

Application Granted Date: 2017-03-29

Current Assignee: Flooring Technologies Ltd

Key Market Segments:

By Type

  
PE-based Composites
  
PVC-based Composites
  
PP-based Composites & Other Types

By Application

  
Building and Construction
  
Outdoor Decking & Fencing
  
Automotive Components
  
Industrial
  
Consumer Products & Other Applications


Key Market Players included in the report:


  
Alberta
  
Andersen Corp (Andersen)
  
AXION STRUCTURAL INNOVATIONS LLC
  
AZEK Building Products (Timbertech)
  
Beologic
  
Beologic NV
  
CPG International LLC.
  
Fiberon Technologies Inc.
  
Findock International Inc.
  
FKUR
  
Guangzhou Kindwood Co. Ltd.
  
Illinois
  
Iowa
  
Josef Ehrler GmbH & Co. Kg
  
Kansas
  
Komdeck and Vann Plastic
  
Michigan
  
Minnesota
  
Missouri
  
NFP Europe Limited
  
North Dakota
  
North Wood Plastics Inc.
  
OnSpec Composites Inc.
  
Ontario.
  
Ply Gem Industries Inc.
  
Plygem Holdings Inc.
  
Polyplank AB
  
RENOLIT
  
Saskatchewan
  
Silvadec
  
South Dakota
  
TECNARO GmbH
  
Tecnodeck
  
TherraWood UK Ltd.
  
Trex Company Inc. (TCI)
  
Universal Forest Products Inc.
  
Wisconsin


Below are the key development related to Wood Plastic Composite (WPC) Market in 2020 and 2021.


February 2021: Teknor Apex Introduces Weatherable Capstocks for WPC Decking. Weatherguard WG-9000 compounds exhibit durability and scratch resistance, outperforming standard capstocks without the need for expensive ionomer content, according to Teknor Apex. Plastics compounder Teknor Apex Co. announced new highly weatherable compounds for the outer — or “cap” — layers of dark-color wood plastic composite (WPC) decking. Weatherguard WG-9000 capstock for WPC decking provides greater durability and scratch-resistance than widely used competing compounds. Source

January 2021: MoistureShield® Introduces Meridian™ Composite Deck Boards. MoistureShield®, a division of Oldcastle APG, a CRH Company, introduces new Meridian capped wood-plastic composite decking for a natural wood look with minimal upkeep. Meridian combines the moisture protection of MoistureShields Solid Core manufacturing process with its new TruTexture™ Surface that evokes the authentic look and feel of real wood. MoistureShields Meridian deck boards are now available in the Northeast and will roll out to additional regions in 2021. Source

August 2020: Sabic’s Nusaned Investment to Manufacture Sustainable Wood-Plastic Composites. The deal between Nusaned Investment and Suhul Alkhalej will use eco-friendly compounds made from Sabic’s raw materials. Nusaned Investment, a Sabic initiative to support local entrepreneurial activity, has signed a deal with Suhul Alkhalej for Industrial Development & Investment Co. The new venture will own and operate a factory to manufacture wood-plastic composite (WPC) profiles for decking and cladding, WPC sheets, WPC doors and un-plasticized polyvinyl chloride (uPVC) profiles for windows and doors. The deal between Nusaned Investment, through the Nusaned Fund managed by Albilad Capital, and Suhul Alkhalej factory will use eco-friendly compounds made from Sabic’s raw materials. Source