
Report ID: UCMIG15E2516
Report ID:
UCMIG15E2516 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
As of 2021, the global wood plastic composite market achieved a valuation of USD 6.14 billion. A compelling growth trajectory is anticipated, with projections indicating a significant surge to approximately USD 17.56 billion by the year 2030. This remarkable expansion is underpinned by an expected compound annual growth rate (CAGR) of 12.38% during the period spanning from 2022 to 2030. The escalating demand for sustainable and eco-friendly construction materials, coupled with the advantages offered by wood plastic composites in terms of durability, low maintenance, and resistance to environmental factors, is a prime driver behind this growth. Furthermore, the construction industry's inclination towards minimizing the environmental impact by incorporating recyclable materials is poised to bolster the adoption of wood plastic composites, thus contributing to the market's impressive trajectory.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONThe market for Wood Plastic Composite was estimated to be valued at US$ XX Mn in 2021.
The Wood Plastic Composite Market is estimated to grow at a CAGR of XX% by 2028.
The Wood Plastic Composite Market is segmented on the basis of Application, Type, Geography.
Based on region, the Wood Plastic Composite Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the Wood Plastic Composite Market are , Advanced Environmental Recycling Technologies, Inc. (AERT) (U.S.) , AIMPLAS (Valencia) , Axion Structural Innovations LLC (U.S.) , Beologic N.V. (Belgium) , CertainTeed Corporation (U.S.) , Croda International Plc (UK) , Dow (Michigan) , Fiberon, LLC (U.S.) , Fkur Kunststoff GmbH (Germany) , Fortune Brands Inc. (U.S) , HARDY SMITH (India) , Jelu-Werk Josef Ehrler GmbH & Co. KG (Germany) , Meghmani Group (India) , Polymera, Inc. (U.S.) , PolyPlank AB (Sweden) , Seven Trust (China) , TAMKO Building Products, Inc. (U.S.) , TimberTech (U.S.) , Trex Company, Inc. (U.S.) , Universal Forest Products, Inc. (U.S.) , Woodmass (U.S) .
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Report ID: UCMIG15E2516