TMR_Research_Reports_2017 Wood-Plastic Composites Market Analysis By 2019 | Page 2

Wood-Plastic Composites Market
REPORT
Wood-Plastic Composites Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2013 - 2019
According to a new report published by Transparency Market Research (TMR), the global wood-plastic
composites market demonstrates a highly fragmented and a competitive landscape. With the presence of a
number of wood-plastic composite manufacturers, the competition within the market will continue to increase
in the years to come. The leading companies, such as, Fiberon LLC, Trex Co. Inc., Fineko, a CPG International,
and Advanced Environmental Recycling Technologies, are focusing on expanding their businesses by reaching
out to consumers in developing economies. Mergers, acquisitions, and partnerships are likely to surface as the
most popular strategies among participants looking to expand their reach across various regions, notes in the
study.
As per TMR’s estimations, the global market for wood-plastic composites was US$2.6 bn in 2012. Analysts
anticipate the market to expand at a CAGR of 10.80% during the period from 2013 to 2019 and attain a value
US$5.3 bn by the end of the forecast period. Polyethylene wood-plastic composites have emerged as the most
valued product in this market and the trend is projected to remain so over the next few years, states the research
report.
Obtain Report Details @ http://www.transparencymarketresearch.com/wood-plastic-composites-
market.html
Demand for Wood-plastic Composites to Remain Strong in Building and Construction industry
Wood-plastic composites find a widespread application in a number of industries, including the automotive,
electrical, and the building and construction sectors. They are also extensively utilized into trays, shoe soles,
toys, and musical instruments across the world, states the research report. The demand for these composites has
been higher in the building and construction industry in the last few years. Thanks to the augmenting utilization
of these composites in decking boards, window lineals, door components, rails and balusters, and fencing and
sliding products, the building and construction industry is likely to remain the key consumer of wood-plastic
composites in the years to come.
The report also analyses the worldwide market for wood-plastic composites geographically, segmenting it into
Europe, Asia Pacific, North America, and the Rest of the World (RoW). With a share of more than 65%, North
America led the global market in 2012. The regional market is anticipated to continue at the top position over
the forecast period. Asia pacific, on the other hand, is expected to present the most lucrative growth
opportunities to wood-plastic composite manufacturers in the near future, states the study.
Transparency Market Research
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