LONDON--(BUSINESS WIRE)--Technavio has been monitoring the wood-plastic composites market and it is poised to grow by USD 3.21 billion during 2020-2024, progressing at a CAGR of about 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
- At what CAGR is the market projected to grow during the forecast period 2020-2024?
- Growing at a CAGR of about 11%, the market growth will accelerate in the forecast period of 2020-2024.
- What is the key factor driving the market?
- Increasing infrastructure investments is one of the key factors driving the market growth.
- Who are the top players in the market?
- Beologic, CRH Plc, Croda International Plc, Fiberon, FKuR Kunststoff GmbH, Formtech Enterprises Inc., Green Dot Bioplastics Inc., The AZEK Co. LLC, Trex Co. Inc., and Universal Forest Products Inc. are some of the major market participants.
- Which region is expected to hold the highest market share?
- North America
- What is the major trend of the market?
- Increasing use of bioplastics and recycled plastics is a major growth factor for the market.
- What is the year-over-year growth rate of the global market?
- The year-over year growth rate for 2020 is estimated at 10.75%.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Beologic, CRH Plc, Croda International Plc, Fiberon, FKuR Kunststoff GmbH, Formtech Enterprises Inc., Green Dot Bioplastics Inc., The AZEK Co. LLC, Trex Co. Inc., and Universal Forest Products Inc. are some of the major market participants. The increasing infrastructure investments will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Wood-plastic Composites Market 2020-2024: Segmentation
Wood-plastic Composites Market is segmented as below:
-
Product
- Polyethylene
- Polyvinyl Chloride
- Polypropylene
- Other
-
End-user
- Building and Construction
- Automotive
- Industrial and Consumer Goods
- Others
-
Geography
- North America
- APAC
- Europe
- MEA
- South America
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Wood-plastic Composites Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our wood-plastic composites market report covers the following areas:
- Wood-plastic Composites Market size
- Wood-plastic Composites Market trends
- Wood-plastic Composites Market analysis
This study identifies increasing use of bioplastics and recycled plastics as one of the prime reasons driving the wood-plastic composites market growth during the next few years.
Wood-plastic Composites Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the wood-plastic composites market, including some of the vendors such as Beologic, CRH Plc, Croda International Plc, Fiberon, FKuR Kunststoff GmbH, Formtech Enterprises Inc., Green Dot Bioplastics Inc., The AZEK Co. LLC, Trex Co. Inc., and Universal Forest Products Inc. Backed with competitive intelligence and benchmarking, our research reports on the wood-plastic composites market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Wood-plastic Composites Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist wood-plastic composites market growth during the next five years
- Estimation of the wood-plastic composites market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the wood-plastic composites market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of wood-plastic composites market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Polyethylene - Market size and forecast 2019-2024
- Polyvinyl chloride - Market size and forecast 2019-2024
- Polypropylene - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End user
- Building and construction - Market size and forecast 2019-2024
- Automotive - Market size and forecast 2019-2024
- Industrial and consumer goods - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by End user
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Beologic
- CRH Plc
- Croda International Plc
- Fiberon
- FKuR Kunststoff GmbH
- Formtech Enterprises Inc.
- Green Dot Bioplastics Inc.
- The AZEK Co. LLC
- Trex Co. Inc.
- Universal Forest Products Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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