Global Wood Plastic Composites Market by Product (Polypropylene, Polyethylene, Polyvinylchloride, and Others); by Application (Building and Construction, Consumer and Industrial Goods, Automotive Components and Others); by Region (Asia-Pacific, North America, Latin America, Middle East and Africa, and Europe); - Global Forecasts 2021 to 2027

Date: Nov 2021 Report Id: 131 Category: Ceramics and Glass Report Format: pdf-img excel-img ppt-img word-img

The Global Wood Plastic Composites Market was valued at USD 5.43 Bn in 2020 and is expected to reach USD 12.85 Bn by 2027, with a growing CAGR of 13.1% during the forecast period.

The Global Wood Plastic Composites Market Definition:

Wood Plastic composites (WPC) are hybrid materials consisting of wood wastes and recycled plastic. The methods for manufacturing WPCs include injection molding, compression molding, and extrusion. Newer manufacturing processes for WPCs consist of additive manufacturing through fused layer modelling and laser sintering. WPC offers beneficial features like decreased melting temperature leading to lower energy costs for producers and further helps in reducing the environmental impact of the product. Owing to this, they have a wide application in several end-use industries such as building and construction, consumer and industrial goods, and automotive components among many others.

Wood Plastic Composites Market

The Global Wood Plastic Composites Market Dynamics:

The Wood Plastic composites market is majorly experiencing traction owing to the increasing demand for eco-friendly materials in the production of automobiles. Owing to growing environmental concerns, automotive manufacturers are now more focused on switching to biodegradable or recyclable parts and opt for lightweight materials in manufacturing vehicles.  Wood Plastic composite (WPC) is a sustainable, green material that offers durability without using toxic chemicals. It consists of plant fiber and offers them relatively high stiffness and strength, low CO2 emission, biodegradability, and low density. Owing to this, WPC is used in a variety of automotive components and increasingly replacing fiberglass or metal components in the automotive sector. Therefore, the rapidly increasing production of the automotive, particularly from Europe and the Asia-Pacific region is expected to proliferate the Wood Plastic composites industry growth.

Moreover, the high availability of non-utilized wood and plastic wastes is another major factor bolstering the Wood Plastic composites market demand. Additionally, the growing population, increasing urbanization, rising nuclear family systems are immensely increasing the building & construction industries and in turn positively impacting the Wood Plastic composites market growth. Further, stringent regulations imposed by several nations on the use of chemicals in building materials are also contributing to driving the market. Despite such strong growth factors, the rising cost of raw materials and issues related to mechanical strength are posing certain challenges in the growth of the Wood Plastic composites industry. However, the growing implementation of biodegradable raw materials is projected to create growth opportunities in the market.

The Global Wood Plastic Composites Market Segmentation:

By Product

  • Polypropylene
  • Polyethylene
  • Polyvinylchloride
  • Others

By Application

  • Building and Construction
    • Molding & siding
    • Decking
    • Fencing
  • Consumer and Industrial Goods
  • Automotive Components
  • Others

By Region

  • Asia-Pacific
  • North America
  • Latin America
  • Middle East and Africa
  • Europe

The unique insights provided by this report also include the following:

  • In-Depth Value Chain Analysis
  • Market Opportunity Mapping
  • Sector Snapshot
  • Key Players Positioning Matrix
  • Regulatory Scenario
  • Strategies Adopted-Benchmarking Heat Map
  • Market Trends
  • Covid-19 Impact Analysis
  • Product Comparison
  • Pre & Post Covid 19 Impact on Wood Plastic Composites Market
  • Competitive Landscape

Based on product, polyethylene product type accounted for the dominant share in the Wood Plastic composites market owing to the features offered by the product

Based on product, the global Wood Plastic composites market is segmented as polypropylene, polyethylene, polyvinylchloride, and others. Among these, polyethylene product type accounted for the dominant share in the Wood Plastic composites market. Polyethylene has the unique ability and properties to adapt to several fabrication techniques which makes it stand out as an indispensable material for a variety of applications. In addition, polypropylene offers added advantages as it can function as both a fiber as well as a plastic material. It also can be manufactured via different methods and into different applications giving it an edge over other old alternative materials, particularly in the fiber, injection molding, and packaging industries. All these benefits offered are expected to increase the product demand and are thereby driving the Wood Plastic composites market across the globe.

Based on application, the building & construction sector held the largest share in the Wood Plastic composites industry in the year 2020, due to the high application of the product in molding & sliding, decking, and fencing

Based on application, the global Wood Plastic composites market is fragmented as building and construction, consumer and industrial goods, automotive components, and others. The building & construction sector held the largest share in the Wood Plastic composites market in the year 2020, followed by the automotive components sector. Wood Plastic composites are widely used in moulding & sliding, decking, and fencing and therefore experiences high demand from building & construction application. They have high application for producing decking including lumber, flooring, moulding strips, wall cladding, furniture materials, hollow boards, and hollow filler profiles. Therefore, rising construction activities across the globe are expected to provide lucrative growth opportunities in the Wood Plastic composites market. Additionally, the rising need for low-maintenance, low-cost, and high-performance building materials which are environment friendly is pegged to garner significant product demand over the forecast period.

Based on region, Asia-Pacific is projected to be the fastest-growing segment in the Wood Plastic composites market owing to the growing construction industry in the region

Based on region, the Wood Plastic composites industry is divided into Asia-Pacific, North America, Latin America, the Middle East and Africa, and Europe. Among these, the Asia-Pacific region is projected to be the fastest-growing segment in the Wood Plastic composites market. This growing share is majorly due to growing environmental waste and the rising usage of recycled plastic materials in the construction industry. Also, various schemes implemented by the government for boosting remodelling and construction activities are expected to offer substantial growth opportunities in the Wood Plastic composites market. For instance, green building schemes like LEED and BREEAM, encourage the practice of building structures using methods that are environmentally friendly are also expected to surge the Wood Plastic composites industry demand.

The report also provides an in-depth analysis of the market dynamics such as drivers, restraints opportunities, and challenges


  • Rising demand from building & construction sector
  • Ban on the use of chromium, arsenic, and copper
  • Increasing demand for recyclable materials in automobile industry


  • Rising cost of raw material
  • Rigidity issues and impact under heavy load


  • Easy processing of Wood Plastics composites
  • High usage of recyclable raw materials

Note: Challenges along with in-depth market dynamics analysis is mentioned in the report.

COVID-19 impact on the Wood Plastic composites market analysis

The Covid-19 pandemic outbreak has had a major influence on the growth of the Wood Plastic composites industry on a global level. The outbreak has resulted in the imposition of lockdowns across several major economies to curb the spread of disease. These lockdowns have led to disruption in the supply chain and delayed the deliveries of wood composites and other raw materials from yards. In addition, many major end-use industries of the market, such as automotive and construction have also taken a major hit by the pandemic. This is owing to the decreased disposable income of consumers and shifting their focus on essential goods.  According to OICA, the production of vehicles worldwide in Q3 2020 was around 50 million, which was significantly less when compared to the production in Q4 2019, which is approximately 65 million. In addition, according to American Road & Transportation Builder Association, infrastructure projects of over USD 9.6 billion have either been cancelled or delayed due to pandemics. All these factors collectively are hindering the Wood Plastic composites market.

The report also provides an in-depth analysis of key trends in the Wood Plastic composites market

  • Rising construction activities particularly from North America and Europe region is projected to have a positive impact on the market. As per the records of the US Census Bureau, the total construction in February 2020 was at a seasonally adjusted annual rate of 1,366,697 which is 6.0% above February 2019.
  • Increasing demand for the use of bio-degradable and recyclable production materials from construction and automotive industries is expected to have a positive impact on the market.

The report also provides an in-depth analysis of recent news developments and investments in the market

  • In September 2021, Trex Company, a key manufacturer of wood-alternative composite railing, decking, and other outdoor items made using recycled materials introduced Trex® Universal Fastener Installation Tool. This new tool is designed to facilitate building professionals to optimize both cost and time efficiency. This new handy device improves application accuracy and ease and reduces installation time up to 50%.
  • In July 2020, Nusaned Investment, owned by SABIC announced the closing of its strategic alliance with Suhul Alkhalej for Industrial Development and Investment Company (Suhul Alkhalej. This new venture is expected to operate and own a factory to produce Wood Plastic composite (WPC) profiling for cladding and decking, WPC doors, WPC sheets, and unplasticized polyvinyl chloride profiles for doors and windows.

Company Profiles and Competitive Intelligence

The key players operating in the Wood Plastic composites industry are:

  • Axion Structural Innovations LLC
  • Trex Company Inc.
  • Beologic N.V.
  • Oldcastle Architectural Inc.
  • Fiberon
  • CertainTeed Corporation
  • LLC
  • Fkur Kunststoff GmbH
  • Woodmass
  • Guangzhou Kindwood Co. Ltd.
  • Jelu-Werk Josef Ehrler GmbH & Co. KG
  • PolyPlank AB
  • TAMKO Building Products Inc.
  • Renolit
  • TimberTech
  • Seven Trust
  • Universal Forest Product
  • Meghmani Group
  • UFP Industries, Inc.
  • Josef Ehrler GmbH & Co KG
  • Croda International Plc
  • CertainTeed
  • Other Notable Players

Frequently Asked Questions (FAQs)

The Global Wood Plastic Composites Market was valued at USD 5.43 Bn in 2020 and is anticipated to reach USD 12.85 Bn by 2027.
The Wood Plastic Composites Market is estimated to grow at a compound annual growth rate (CAGR) of 13.1% during forecast period.
The North America regional segment has dominated the Wood Plastic Composites Market.
A few key players include, but not limited to: Trex Company Inc., Beologic N.V., Fiberon, LLC, Fkur Kunststoff GmbH, Woodmass, PolyPlank AB, and Renolit among others.
Yes, the report contains detailed COVID-19 analysis for Wood Plastic Composites Market.
Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

  1. Introduction
    1. Product Outline
    2. Wood-Plastic Composites Overview
    3. Different Types Of Wood-Plastic Composites 
    4. Analysis Of Wood-Plastic Composites Ecosystem
    5. Supply Chain Analysis
    6. Covid -19 Impact
    7. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Threats
    8. Technology Overview
  2. Technology and Regulatory Landscape for Wood-Plastic Composites    
    1. Regulations and Standards
  3. Wood-Plastic Composites Market Pricing Analysis
    1. Prices of Wood-Plastic Composites   
  4. Wood-Plastic Composites Market by Product
    1. Polypropylene
    2. Polyethylene
    3. Polyvinylchloride
    4. Others
  5. Wood-Plastic Composites Market by Application
    1. Building and Construction
      1. Molding & siding
      2. Decking
      3. Fencing
    2. Consumer and Industrial Goods
    3. Automotive Components
    4. Others
  6. Regional Analysis
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. UK
      3. France
      4. Norway
      5. Italy
      6. Spain
      7. Netherlands
      8. Rest Of Europe
    3. Asia Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. New Zealand
      6. Rest Of Asia Pacific
    4. Middle East and Africa
    5. South America
  7. Key Strategic Insights
    1. New Raw Material Sources
    2. New Applications
    3. Emerging Technologies
    4. Opportunity mapping
    5. Critical Success Factors
    6. Environmental Impact and sustainability issues
    7. Consumer preferences
  8. Key Market Trends / Recent Developments
  9. Competitive Scenario
    1. Competitive Strategies of Key Players
      1. Mergers and Acquisitions
      2. Investments
      3. Joint Ventures
      4. New Product launches
    2. Strength of product portfolio
    3. Ranking of Key Players
    4. Presence of players by Geographies
  10. Key Global Players
    1. Axion Structural Innovations LLC
    2. Trex Company Inc.
    3. Beologic N.V.
    4. Oldcastle Architectural Inc.
    5. Fiberon
    6. CertainTeed Corporation
    7. LLC
    8. Fkur Kunststoff GmbH
    9. Woodmass
    10. Guangzhou Kindwood Co. Ltd.
    11. Jelu-Werk Josef Ehrler GmbH & Co. KG
    12. PolyPlank AB
    13. TAMKO Building Products Inc.
    14. Renolit
    15. TimberTech

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