Wood Plastic Composite Market
based, polyester based, polyethylene based, polyvinyl chloride based, polystyrene based and thermoplastic elastomers. Based on the application, the global market is segregated into construction and buildings, automotive, furniture and infrastructure. Further, the building and construction segment is sub-segmented into claddings, exterior building trim, decking and boardwalks, interior building trim. The automotive segment is sub-segmented into panels and trim. The furniture segment is sub-segmented into outdoor furniture, bathroom and kitchen cabinets and indoor furniture. The infrastructure segment is sub-segmented into gardening structures, landscaping timber, and others. The global wood plastic composite market is diversified into different regions such as North America, Europe, Asia-Pacific and Rest of the World.
Global Wood Plastic Composite Market: Growth Factors The polyethylene wood plastic composites provide the major share to the global wood plastic composite market. The application segment that provides the major share to the global market growth is the building and construction segment. The fencing and decking applications are driving the global market growth. The plastic and steel components are being replaced by the wood plastic composite in the construction applications as it is environment-friendly and it is of low cost. There are many benefits of using the wood plastic composite as it has better recyclability, better stiffness, and thermal stability which in turn are opening new opportunities to the market. The noise barrier properties of the wood plastic composite make it more appropriate for the street constructions and landscaping thus increasing its demand in the market. The global market will grow in the coming years owing to the changing prices of the petrochemicals and the rise in the environmental concerns. The wood plastic composite is used in the production of the musical instruments and consumer goods such as toys, cups, pencils, and so on.