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North America Wood Plastics

North America dominates the global wood-plastic composites market and is one of the biggest producers for the same in the world. This market in North America is expected throughout the forecast period. The drivers of the wood-plastic composite market in North America are mainly the growing investments in infrastructure and the shift to advanced housing infrastructure from old materials.<br><br>The wood-plastic composites are segmented by types: Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC) and Others. Polyethylene-based wood-plastic composites dominate the industry. The building & construction products segment is regarded to be the largest consumer of Polyethylene and Polyvinyl Chloride wood-plastic composites. The automotive components segment comes in next, where wood-plastic composites are used in the making of lightweight automotive components.

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North America Wood Plastics

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  1. North America Wood Plastic Composites Market Opportunity Analysis and Industry Forecast, 2017-2023

  2. Overview The North America Wood Plastic Composites Market was valued at $736 million in 2016, and is projected to reach $1,876 million by 2023, registering a CAGR of 12.4% from 2017 to 2023. Wood plastic composites (WPCs) are made up of recycled plastic and wood wastes with beneficial features such as low melting temperature that results in lower energy costs for producers. This also reduces the impact of the product on the environment. These composites are growing at the highest rate among the plastic additives. The growing demand for wood–plastics composites from the building & construction segment is anticipated to drive the demand in coming years due to the superior performance benefits, durability, and low maintenance cost of these composites as compared to that of conventional materials. https://www.alliedmarketresearch.com/images/north-america-wood-plastic-composites-market-3.jpg These hybrid materials provide sustainability, longevity, and cost savings in a wide range of applications such as car speakers, interiors, home furniture, and kitchen accessories.

  3. Key Benefits • Key Benefits • The report provides AMR an in-depth analysis of the current trends, drivers, and dynamics of the North America wood plastic composites market to elucidate the prevailing opportunities and tap the investment pockets • It offers qualitative trends and quantitative analyses of the industry from 2016 to 2023 to assist stakeholders to understand the market scenario. • Competitive intelligence of the industry highlights the business practices followed by key players across the region and prevailing market opportunities. • Key market players and their strategies & developments are profiled to understand the competitive outlook of the market.

  4. Market Segmention • North America Wood Plastic Composites Market Segmentation • The PE-based Composites was the highest revenue contributor, accounting for approximately 70% share in 2016, PE is the most widely used WPCs in the U.S. for WPC decking applications. PE-based wood plastic composites consist of wood sawdust, and hence, are suitable for building and structural components applications. PE-based wood composites are extensively used as they improve the wood dispersion and compatibility between PE and wood fiber. However, poor compatibility between a hydrophilic wood and hydrophobic PE persists. This restricts the application scope of PE/wood composite. • https://www.alliedmarketresearch.com/images/north-america-wood-plastic-composites-market-2.jpg • By Type • PE-based Composites • PVC-based Composites • PP-based Composites • Others

  5. By Application • Building & Construction • Automotive Components • Industrial & Consumer Products • Others

  6. By Country • U.S. • Canada • Rest of North America (North America is one of the major producers of wood-plastic composites in the world. Increasing investment towards infrastructure projects, followed by replacement of old housing infrastructure with advanced materials, drives the wood-plastic composite market in North America.)

  7. The major companies that are operating in the global wood plastic composite market are • Trex Company, Inc. (U.S.), • Advanced Environmental Recycling Technologies, Inc. (U.S.), • Universal Forest Products, Inc. (U.S.), • Fiberon, LLC (U.S.), • TAMKO Building Products, Inc. (U.S.), • TimberTech (U.S.), • Axion International, Inc. (U.S.), • Beologic N.V. (Belgium), • CertainTeed (U.S.), • Fkur Kunststoff GmbH (Germany.), • Josef Ehrler GmbH & Co. KG. (Germany), • Polymera, Inc. (U.S.), • Polyplank AB (Sweden). For more information about this report visit https://www.alliedmarketresearch.com/north-america-wood-plastic-composites-market 

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