LONDON--(BUSINESS WIRE)--Technavio has been monitoring the wood-plastic composites market and it is poised to grow by USD 3.21 bn 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.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
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. 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.
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Increasing infrastructure investments has been instrumental in driving the growth of the market.
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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
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. The wood-plastic composites market report covers the following areas:
- Wood-plastic Composites Market Size
- Wood-plastic Composites Market Trends
- Wood-plastic Composites Market Industry Analysis
This study identifies the 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.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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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
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
