Wood-plastic Composites Market Size, Opportunities, Share, Top Manufacturer Analysis, Growth, Regional Trends, Key Segments, and Forecast to 2028

 Breaking News
  • No posts were found

Wood-plastic Composites Market Size, Opportunities, Share, Top Manufacturer Analysis, Growth, Regional Trends, Key Segments, and Forecast to 2028

May 23
01:52 2024
Wood-plastic Composites Market Size, Opportunities, Share, Top Manufacturer Analysis, Growth, Regional Trends, Key Segments, and Forecast to 2028
Browse 260 market data Tables and 47 Figures spread through 222 Pages and in-depth TOC on “Wood-plastic Composites Market”
Wood-plastic Composites Market by Type (Polyethylene, Polyvinylchloride, propylene), Application (Building & construction Products, Automotive Components, Industrial & Consumer Goods), & Region (North America, Europe, APAC, MEA) – Global Forecast to 2028

The wood-plastic composites market is projected to grow from USD 7.5 billion in 2023 to USD 11.9 billion by 2028, at a CAGR of 9.8% during the forecast period. The wood-plastic composites market is continuously growing with a significant growth rate due to its increasing demand from various applications, such as building & construction products, automotive components, industrial & consumer goods, and many others. North America, Europe and Asia Pacific are major markets for wood-plastic composites. The ecofriendly nature along with efficient properties makes wood-plastic composites preferable material under various end-use industries.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=170450806  

Some of the major manufacturers operating in the wood-plastic composites market are Trex Company, Inc., (US), MoistureShield (US), UFP Industries, Inc. (US), Fiberon (US), TimberTech (US), TAMKO Building Products LLC (US), Beologic (Belgium), FKuR Kunstsoff GmbH (Germany), JELU-WERK J. Ehrler GmbH & Co. KG (Germany), and Green Dot Bioplastics, Inc. (US).

Many major players have been adopting various growth strategies in order to strengthen their position in the global wood-plastic composites market. These growth strategies include product launches, contracts, mergers and acquisitions, partnerships, and product development activities aiming expand their market presence in the wood-plastic composites market further.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=170450806 

Trex Company, Inc. (US)

Trex Company, Inc. is a manufacturer and supplier of wood-alternative composite decking, railing, and other outdoor living products and accessories for residential and commercial markets in the United States. Trex Company, Inc. established in 1996 and headquartered in Virginia, U.S. Trex operates in two segments: Trex Residential and Trex Commercial, under this segments company offer products such as decking, trims, railings, fencing, steel deck framing, outdoor lighting, and flooring. The company had a headcount of 1,636 employees and reported revenue worth more than USD 1,106 million in December 2022. The company has manufacturing facilities in Winchester, Virginia, and Fernley, Nevada. The company’s high-performance composites products are available in more than 29 countries and account for the largest market share of composite decking in North America. The company has 6,700 retail outlets worldwide.

MoistureShield (US)

MoistureShield is a leading provider of composite decking and decking products, specializing in processing and converting scrap plastic and wood fiber waste into outdoor decking, fencing systems, and window and door components. The company has raised a total funding of $48 million over 2 rounds. The company’s product line includes Infuse with a realistic wood-grain finish and the ability to withstand total submersion in water, and Vantage, an uncapped composite designed as an affordable alternative to wood. MoistureShield’s use of new technologies and patents has enabled it to manufacture superior composite decking products from recycled wood fiber and recycled polyethylene plastic. In 2017 company acquired Advanced Environmental Recycling Technologes, Inc. (AERT) which pioneered the use of recycled polyethylene plastic in the manufacture of composite building materials.

Inquire Now: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=170450806  

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/wood-plastic-composite-market-170450806.html

Related Articles