Sarasota, FL -- (SBWIRE) -- 06/19/2017 -- Zion Market Research, the market research group announced the analysis report titled "Wood Plastic Composite Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"

Global Wood Plastic Composite Market: Overview

A combination of the wood fibers and the synthetic resins forms the wood plastic composites. The synthetic resins are nothing but thermoplastics which mainly consists of polyvinyl chloride, polypropylene, and the polyethylene. The wood composite plastics possess the properties of both the plastic and wood. The wood composite plastics are manufactured by mixing of the wood flours along with the thermoplastic resins which are heated. The desired product is obtained by the process of extrusion. Along with this additives are also used such as foaming agents, lubricants, colorants and stabilizers. There are huge developments being made and also new technologies are being used to increase the utilization of the wood plastic composites.

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Global Wood Plastic Composite Market: Segmentation

The global wood composite plastics market is segmented into its composite type, applications, and regions. On the basis of the composite type, the global wood plastic composite is categorized into polypropylene based, styrene ethylene butylene styrene based, polyester based, polyethylene based, polyvinyl chloride based, polystyrene based and thermoplastic elastomers. Based on the application, the global market is segregated into construction and buildings, automotive, furniture and infrastructure. Further, the building and construction segment is sub-segmented into claddings, exterior building trim, decking and boardwalks, interior building trim. The automotive segment is sub-segmented into panels and trim. The furniture segment is sub-segmented into outdoor furniture, bathroom and kitchen cabinets and indoor furniture. The infrastructure segment is sub-segmented into gardening structures, landscaping timber, and others. The global wood plastic composite market is diversified into different regions such as North America, Europe, Asia-Pacific and Rest of the World.

Global Wood Plastic Composite Market: Growth Factors

The polyethylene wood plastic composites provide the major share to the global wood plastic composite market. The application segment that provides the major share to the global market growth is the building and construction segment. The fencing and decking applications are driving the global market growth. The plastic and steel components are being replaced by the wood plastic composite in the construction applications as it is environment-friendly and it is of low cost. There are many benefits of using the wood plastic composite as it has better recyclability, better stiffness, and thermal stability which in turn are opening new opportunities to the market. The noise barrier properties of the wood plastic composite make it more appropriate for the street constructions and landscaping thus increasing its demand in the market. The global market will grow in the coming years owing to the changing prices of the petrochemicals and the rise in the environmental concerns. The wood plastic composite is used in the production of the musical instruments and consumer goods such as toys, cups, pencils, and so on.

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Global Wood Plastic Composite Market: Regional Analysis

The region that dominates the wood plastic composite market is the Asia-Pacific region. The developing countries such as China and India have increased their construction industries which drive the wood plastic composite market. The Asia Pacific region is followed by the North American region. Western Europe is anticipated to contribute to the global market growth in the coming years owing to the growth in the automotive industry in the countries such as Germany, the UK, Italy, and France.

Global Wood Plastic Composite Market: Competitive Players

The key market players in the global wood composite market are Fiberon LLC, Trex Company, Inc., TAMKO Building Products, Inc., CertainTeed, Polyplank AB, TimberTech, FkurKunststoff GmbH, CPG International, Polymera Inc., GuangzhouKindwood Co. Ltd., Universal Forest Products, Inc., Axion International, Inc., Josef Ehrler GmbH & Co. KG., Advanced Environmental Recycling Technologies, Inc. and Beologic N.V.

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Global Wood Plastic Composite Market: Regional Segment Analysis

North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa