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Ongoing Transition from Wood Coupled with Growing Emphasis on Sustainability to Drive Demand for Wood Plastic Composites (WPC) to Reach US$10B by 2029 - Market Research Report by Industry Experts, Inc.

Tuesday 14 May 2024

Industry Experts, Inc published the new global market research report, on Wood Plastic Composites (WPC). As per this new report entitled "Wood Plastic Composites (WPC) – A Global Market Overview", Building & Construction accounts for the largest global share of over 80% market in terms of both volume and value in 2023 while Consumer Goods is anticipated to grow faster with over 10% CAGR during the period 2023-2029.

The global WPC market is poised for further growth, driven by the increasing demand for sustainable and eco-friendly materials, advantages over traditional materials, growing demand for outdoor living products, positive momentum in the residential repair and remodeling sector and growth in overall construction and infrastructure development activities across the globe. With ongoing conversion from wood and a growing emphasis on sustainability, the WPC products market is expected to continue expanding in the coming years.

Asia-Pacific is the world's largest volume market for Wood Plastic Composites (WPC), estimated at 57% market share in 2023, which is also likely to record a healthy 2023-2029 CAGR of 7% during the same period. Demand for Wood Plastic Composites (WPC) in South America and Rest of World regions is anticipated to post robust CAGRs of 9.8% and 8.4% respectively during the forecast period.

The market for Wood Plastic Composites (WPC) types studied in this report includes Polyethylene (PE), Polypropylene (PP), Polyvinyl chloride (PVC) and Other Plastics. The major applications market for Wood Plastic Composites (WPC) explored in this report include Automotive, Building & Construction: Decking, Building & Construction: Railing & Fencing, Building & Construction: Other, Consumer Goods, Furniture and Others.

The report reviews, analyzes and projects the Wood Plastic Composites (WPC) market for global and the regional markets including North America, Europe, Asia-Pacific, South America and Rest of World for the period 2021-2030 in terms of US$. These regional markets further analyzed for 20 independent countries/regions across North America – The United States, Canada and Mexico; Europe – Belgium, Finland, France, Germany, Italy, Spain and the United Kingdom; Asia-Pacific – Australia, China, India, Japan and South Korea; South America – Brazil and Columbia; and Rest of World – Middle-East, Turkey and Russia.

The study includes 333 charts (including a data table), supported with a meaningful and easy to understand graphical presentation of the market. The statistical tables represent the data for the global market by geographic region and end-use application. This report profiles 32 key global and regional players and also provides listing of the companies engaged in the manufacturing and supply of Wood Plastic Composites (WPC) and end-use products. The global list of companies covers addresses, contact numbers and the website addresses of 180 companies.

California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.

For more details, please visit: https://industry-experts.com/verticals/chemicals-and-materials/global-wood-plastic-composites-wpc-market