Wood Plastic Composite Market Worth 5.84 Billion USD by 2021
PUNE, India, April 26, 2016 /PRNewswire/ --
The report "Wood Plastic Composite Market by Type (Polyethylene, Polyvinylchloride, Polypropylene, Others), Application (Building & Construction Products, Automotive Components, Industrial & Consumer Goods, Others), Region (North America, Europe, Asia-Pacific, RoW) - Global Trends & Forecast to 2021", published by MarketsandMarkets, The market is projected to reach USD 5.84 Billion by 2021, at a CAGR of 12.4% for the forecast period of 2016 to 2021.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 117 market data Tables and 57 Figures spread through 152 Pages and in-depth TOC on "Wood Plastic Composite Market"
http://www.marketsandmarkets.com/Market-Reports/wood-plastic-composite-market-170450806.html
Early buyers will receive 10% customization on this report.
Building & construction application segment is expected to dominate the wood plastic composite market by 2021
Building & construction is the largest application of wood-plastic composites and constituted major share of the total wood-plastic composite market, by application in 2015. 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.
Polyethylene wood plastic composites segment to have the highest share in the market till 2021
Polyethylene is largest wood-plastic composite type, capturing more than half of the total global wood-plastic composite market share in 2015 among type segments. It is anticipated to grow with a healthy CAGR for the forecast period. The superior molecular structure and stability makes polyethylene type wood-plastic composites a robust, high performing material for applications, thus creating a healthy market demand for the same.
North America region to dominate wood plastic composite market during the forecast period
North America accounted for the largest share of the Wood Plastic Composite Market in 2015, followed by Asia-Pacific and Europe. 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.
For More Info Make Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=170450806
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.), and Polyplank AB (Sweden).
Browse Related Reports:
Automotive Plastics Market for Passenger Cars by Type (PP, PU, PVC, Polycarbonates, PMMA & PET), by Application (Interior, Exterior, Under Bonnet), & by Region (Asia-Pacific, Europe, North America, RoW) - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/automotive-plastics-market-passenger-cars-506.html
Advanced Functional Material Market for Low Carbon Applications By Categories (Ceramics, Composites, Energy Materials, Conductive Polymers & Nanomaterials), Applications (Chemicals, Electronics, Healthcare & Transportation) & Geography - Global Trends & Forecasts To 2018
http://www.marketsandmarkets.com/Market-Reports/advanced-functional-material-1221.html
About MarketsandMarkets
MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: [email protected]
SOURCE MarketsandMarkets
Share this article