According to a market report by Lucintel, the future of the global wood plastic composites market looks promising with opportunities in athletic and non-athletic shoes. The global wood plastic composites market is expected to reach an estimated $6 billion by 2030 from $5 billion in 2023, at a CAGR of 2% from 2023 to 2030. The major drivers for this market are increasing demand from construction applications due to its better mechanical properties.
Browse 72 figures/charts
and 51 tables in this 125-page report to understand trends, opportunity and forecast in wood plastic
composites market to 2030 by application (construction, automotive, industrial
and consumer goods, and others), type (polyethylene, polypropylene, poly vinyl
chloride and others), process (extrusion, injection molding, compression
molding, and others), and region (North America, Europe, Asia Pacific, and Rest
of the World).
Lucintel forecasts that polyethylene will remain the largest type segment
over the forecast period due to its increasing use in composite, concrete,
metal, and wood pole to support conductors along transmission and distribution
lines.
Construction is expected to be the largest material by value and volume
due to the increasing requirement of durable, termite, and water resistance,
low maintenance, and weather resistance properties for construction end use.
Asia Pacific is expected to remain the largest region over the forecast
period due to the tremendous economic growth in China and India.
Download sample by clicking on wood
plastic composites market
Trex, MoistureSheild, Axion Structural Innovation LLC, Beologic, and
Fibersonare the major suppliers in the wood plastic composites market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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